Get a CPA who specializes in private foundation work to finish the annual 990PF tax return. “There are special rules, and the typical accountant in all probability doesn’t deal with them very often,” warns Marc Owens, a tax lawyer at Loeb & Loeb in Washington, D.C. who headed the IRS tax exempt division for a…

There is an excise tax on the net investment earnings of most domestic personal foundations. This tax should be reported on Type 990-PF, Return of Personal FoundationPDF, and have to be paid annually at the time for filing that return or in quarterly estimated tax funds if the overall tax for the year is $500…

The Ethereum Foundation will probably be the first contributor to UNICEF’s Cryptocurrency Fund. The donations will help fund three grantees, in addition to GIGA, an organization working to attach every faculty to the internet. UNICEF could should depend on comparable foundations for cryptocurrency donations; individuals who’re fascinated by bitcoin and the like do not regularly…