Alternative Investments for Nonprofits and Exempt Organizations: Avoiding Unforeseen Tax Consequences
Identifying Valuation Issues, UBTI, Foreign Reporting Requirements, and After-Tax Returns
Recording of a 110-minute CPE webinar with Q&A
This course will provide tax advisers to exempt organizations with a thorough and practical guide to the reporting requirements and tax traps to avoid in holding alternative investments as part of the nonprofit’s funding and investment strategy. The co-presenters will discuss the planning considerations when entering alternative investment holdings, and will provide tools to identify potential unrelated business taxable income (UBTI) and other tax consequences. The panel will also address audit related considerations to discuss with your clients considering alternative investments.
- Alternative investment types
- Potential liquidity issues
- Tax implications of alternative investments for private foundations
- Valuation challenges
- Potential for UBTI requiring tax reporting and payment
- Impact of new partnership audit regulations on exempt organizations holding alternative investments
- Potential for foreign asset information reporting
The co-presenters will discuss these and other important issues:
- What are the financial statement reporting challenges in presenting alternative investments on a nonprofit’s balance sheet?
- How will holding alternative investments affect the complexity, cost and time required for an external audit? What are the implications for internal financial reporting?
- How to identify UBTI traps in alternative investments
- Foreign information reporting requirements
- Planning considerations to maximize after-tax returns
Jennifer Becker Harris, CPA
Ms. Becker Harris concdentrates her practice on tax-exempt organizations. Her practice primarily focuses on consulting... | Read More
Ms. Becker Harris concdentrates her practice on tax-exempt organizations. Her practice primarily focuses on consulting and compliance for public charities and private foundations including international matters, alternative investments, unrelated business income tax, fundraising events, commercial co-venturers, corporate governance and IRS controversy. In addition, she assists individuals with charitable gift planning. Jennifer is a co-author and editor of the CCH Form 990 Compliance Guide, by Clark Nuber.Close
Deby MacLeod, CPA, CGMA
Ms. MacLeod is an audit shareholder specializing in serving the firm’s not-for-profit clients with a focus on... | Read More
Ms. MacLeod is an audit shareholder specializing in serving the firm’s not-for-profit clients with a focus on foundations, international NGO, and education organizations. She provides a variety of attest and consulting services including financial statement audit; auditing complex investment portfolios; Single Audit; process, policy and controls consulting; and field office site visits for international clients.Close