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The High Cost of Substantial Influence

Christopher P. Woehrle illustrates the need for a foundation manager independent of the control of a disqualified person.

You’re neither a donor, officer, employee, director nor incorporator of a tax-exempt charity serving the public in your home town. Yet, if you’re not careful, you may find yourself serving five years in jail for your involvement with that charity. You may also find yourself in Tax Court contesting a 25% excise tax. How could this happen? 

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TAGS: Philanthropy
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