GHJ Private Foundation Practice Leader Stephanie Yan was featured in Nonprofit Leadership Podcast’s episode "How can donors avoid the pitfalls of self-dealing." Host Dr. Rob Harter interviewed Yan about the intricacies of family foundation donations to nonprofits.
Yan explains the critical issue of "self-dealing." She dives into how such transactions, whether deliberate or inadvertent, can pose ethical and legal challenges. Detailing the IRS's seven categories of self-dealing transactions with specific examples, Yan underscores the necessity of robust internal processes and expert legal advice from CPAs or attorneys experienced in tax-exempt organizations to navigate these complex matters.