Over the last 37 years , the Salk Institute has provided an invaluable service to foundation managers by providing the latest tax law developments through its annual Tax Seminar. What started out as an intimate gathering, created by then Institute President Frederic de Hoffmann, has grown into a highly informative and comprehensive tax briefing for the non-profit community.
Today, it continues to draw representatives from many U.S. foundations, both large and small, including: The Ahmanson Foundation, the James Irvine Foundation, the Leona H. and Harry B. Helmsley Charitable Trust, the Bill & Melinda Gates Foundation, the Henry L. Guenther Foundation, the H.A. and Mary K. Chapman Charitable Foundations, and the Clayton Medical Research Foundation, among many others.
"The Tax Seminar has become a muchanticipated tradition at the Salk Institute," says Salk's Sr. Director of Foundation Relations Seth Schechter. "Aside from the opportunity to network and share ideas with one another, participants have the rare opportunity to hear from and ask questions of leading experts in private foundations over a three-day period."
The Institute is now gearing up for its 38th annual Tax Seminar, which is scheduled for May 12-14, 2010 at The Lodge of Torrey Pines in La Jolla. Edwin K. Hunter, a tax attorney with the firm of Hunter & Blazier (APLC) in Lake Charles, LA., and trustee for several charitable foundations, will chair the event, replacing Thomas J. Brorby, who stepped down as the seminar's chair last year.
"It really will be a pleasure to lead and build upon a solid foundation that has been established over this event's 37-year history of success," Hunter says. "As with any event that's been around as long as the Salk Tax Seminar, we are looking into ways to make it even more beneficial for those who attend."
What will remain intact, however, is the event's commitment to providing applicable information that benefits private foundations and unfettered access to experts in the field. Some of the tips that keep guests coming back each year include learning how to avoid pitfalls that lead to penalties, interpreting the latest tax and treasury regulations and understanding the impact to private foundations of proposed and pending legislation.
"The Salk Institute Tax Seminar is an excellent source for learning the complex and ever expanding IRS regulations that determine a private foundation's tax-exempt status," says Jerry Dickman, trustee for the H.A. and Mary K. Chapman Charitable Foundations.
"The seminar brings an exceptionally outstanding panel of foundation compliance experts to deal with the most current topics and provides invaluable opportunities to build relationships with other foundations executives," he says. "I believe annual attendance is a fundamental requirement of my responsibilities as a manger and trustee of private foundations."