By
Kathleen Stephenson
and Lisa Petkun
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3. Limit compensation for private foundation trustees and foundations
The staff report prohibits the payment of any compensation to trustees of a private foundation, or in the alternative, limits it to a statutorily prescribed de minimis amount. In addition, compensation paid by non-operating private foundations to “disqualified persons” (substantial contributors, trustees and directors or family members of these persons) would be limited to the comparable federal government rates for similar work.
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Kathleen Stephenson
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Lisa Petkun
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