May board members be covered under the foundation’s employee health plan? - Exponent Philanthropy

May board members be covered under the foundation’s employee health plan?

Yes. Health insurance is commonly offered to foundation staff. Less common is for a foundation to offer it as a benefit to board members. Although it is legal to offer it to board members, the cost to the foundation must be shown as compensation to that board member and reported on Form 1099.

For more on foundation insurance, see our publication Protecting Your Small Foundation With Insurance.

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