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Traditional Foundations and Charities

Ice Miller assists private foundations, community foundations and other traditional grantmaking charities with structuring complex grants and investments that further and support the organizations' charitable missions and purposes. Grantmaking charities "invest" in the community through traditional grantmaking, investments in for-profits that further their charitable purposes (traditional program-related investments) and traditional investments. Ice Miller's work includes:
 
  • Corporate due diligence and tax analysis regarding investment structures;
  • Complex grant agreement drafting;
  • Program-related investment (PRI) compliance;
  • Expenditure responsibility compliance;
  • Unrelated business income tax analysis;
  • Avoidance of private foundation excise taxes, including analysis regarding self-dealing, excess business holdings, taxable expenditures and jeopardizing investments;
  • Creation of donor-advised funds and analysis regarding spending from such funds; and
  • Excess benefit transactions compliance.
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