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Can a family member be paid for working for the family foundation?

April 26, 2017family foundation paid working

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Can a family member be paid for working for the family foundation?

2 Answers

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Yes, if the compensation is not excessive and if the services are reasonable and necessary for the foundation’s exempt purposes. Partial text reprinted with permission from the Forum of Regional Associations of Grantmakers. ©2003 Indiana Grantmakers Alliance, Inc. 32 East Washington Street, Suite 1100 Indianapolis, Indiana, 46204 Phone: (317) 630-5200 | Fax: (317) 630-5210 Email: info@indianagrantmakers.

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Posted

Yes, if the compensation is not excessive and if the services are reasonable and necessary for the foundation’s exempt purposes. Partial text reprinted with permission from the Forum of Regional Associations of Grantmakers. ©2003 Indiana Grantmakers Alliance, Inc.