Loot and Private Foundation Rules – Part 1
Welcome to EO Radio Show – Your Nonprofit Legal Resource. In this episode, my law partner Hons Yung and I bring you what we hope to be the first in an occasional series of reviews of popular media, feature films, episodic series, and other videos that feature charitable foundations, public charities, or charitable giving in fictional storytelling.
In this first installment, we look at the first season of the Apple TV+ series Loot starring Maya Rudolph. While we’ll still cover some technical tax topics, this time we do it in the context of a comedy, and we hope you enjoy it with us.
Stick around until the end when we cover some of our favorite aspects at the series.
Resources:
Hons Yung, Partner, Farella Braun + Martel: https://www.fbm.com/hons-yung/
EO Radio Show Episode 2: Nonprofit Basics: Designators, Members, Directors, Officers: The Who’s Who of Nonprofit Governance: https://www.fbm.com/exempt-organizations/publications/nonprofit-basics-designators-members-directors-officers-the-whos-who-of-nonprofit-governance/
IRS form 4720 (Return of Certain Excise Taxes) Instructions: https://www.irs.gov/pub/irs-pdf/i4720.pdf
IRS form 990PF (Annual Return of Private Foundation) Instructions: https://www.irs.gov/pub/irs-pdf/i990pf.pdf
Hons Yung’s favorite movie podcast - The Rewatchables: https://www.theringer.com/the-rewatchables
If you have suggestions for topics you would like us to discuss, please email us at [email protected].
Additional episodes can be found at EORadioShowByFarella.com.
DISCLAIMER: This podcast is for general informational purposes only. It is not intended to be, nor should it be interpreted as, legal advice or opinion.