GHJ Private Foundation Practice Leader Stephanie Yan shared how private foundations may be at risk of self-dealing in an interview published by Philanthropy Daily, a journal of the Center for Civil Society. Stephanie spoke to American Philanthropic Donor Advisory Director Cecilia Diem about how foundations can avoid IRS penalties and manage their risk.

In the article, Stephanie explains that the IRS lists six types of transactions that may be considered self-dealing. Although this list seems straightforward, they can be easily overlooked by private foundations. Stephanie cites some common misconceptions about self-dealing and shares advice on how to avoid penalties.

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