Simply Tax® Episode 122: Private Foundations & Charitable Giving

Thoughtware Podcast Published: Apr 22, 2021
Simply Tax Episode 122

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The opportunities and options available for charitable giving can seem a bit daunting. Guest Bernadette Zita joins host Damien Martin to give an overview of current trends in charitable giving, offer tips to simplify this complex area, and explain the role a private foundation can play in your philanthropic strategy. Here’s what’s covered:

  • Current trends in charitable giving @02:21
  • Risks and strategies for managing state filing requirements with new revenue streams @04:09
  • What’s a private foundation and how do you know if it’s a right fit for your philanthropic goals? @06:37
  • Excise taxes and landmines for private foundations @09:20
  • The importance of asking questions and alignment with your goals @14:06
  • Knowing your options and looking for examples to learn new ways to give @15:25
  • Thinking like a startup @18:00
  • Unrelated business taxable income @19:32
  • Questions to ask and how to get help @22:32


Bernadette Zita provides tax compliance and consulting services to nonprofit organizations and charitable entities. She has more than 20 years of experience providing tax and consulting services to healthcare organizations, professional associations, private foundations, and other charitable organizations. She is a member of the American Institute of CPAs and Illinois CPA Society (ICPAS) and serves on the ICPAS Not-for-Profit Committee. Bernadette is a board member of Chicago Women in Philanthropy and serves on several subcommittees. She is a graduate of University of Kentucky, Lexington, with a B.S. degree in accounting, and a graduate of DePaul University, Chicago, with an M.S. degree in taxation.

Connect with Bernadette on LinkedIn



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