Out-to-Lunch
Thinks s/he gets paid by the post
My sister-in-law (DW's sister) has recently set up a 501(c)(3) that we would like to support. We would like to use funds from an existing DAF to make a donation to it. My SIL is obviously a prinicpal on this organization.
I think there is no problem with this, but I want to make sure I am not in danger of running afoul of any self-dealing prohibitions. To be clear, we will not receive anything of any value whatsoever from this donation. Moreover, not one red cent will eventually go to my SIL herself (who is doing a LOT of work for this absolutely pro bono). (It is a good cause!)
Any thoughts, warnings, or reassurances are welcome.
I think there is no problem with this, but I want to make sure I am not in danger of running afoul of any self-dealing prohibitions. To be clear, we will not receive anything of any value whatsoever from this donation. Moreover, not one red cent will eventually go to my SIL herself (who is doing a LOT of work for this absolutely pro bono). (It is a good cause!)
Any thoughts, warnings, or reassurances are welcome.