May Our Board Pay a Disqualified Person for Services Such as Portfolio Management?
Posted on December 11, 2014 by Andrew Schulz
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May our board pay someone for portfolio management if they are an employee of a company owned or led by a board member and direct descendant of the foundation’s father? Yes, even if the individual being employed to do that work is a disqualified person, paying someone reasonable and necessary compensation to manage the assets of the foundation, regardless of… Read More