Creating your own private foundation can be an exhilarating and rewarding experience. The benefits are clear: a lasting legacy for your charitable ideals, a way to involve and teach those ideals to children and grandchildren, a structured environment for planned giving strategies and a significant tax break with each donation of funds which remain totally under your control.
However, operating a charitable foundation is a full-time job. Our philanthropic management services take care of the multitude of administrative details confronting foundation managers, so donors can focus whole-heartedly on the purpose of their foundation contributing to charity.
We are busy behind the scenes keeping your foundation fully in compliance and running smoothly.
• Establish and maintain all books and records required by IRS regulation
• Prepare and file annual Form 990-PF and excise taxes
• Prepare and mail tax receipts to donors
• Handle all other filings as required by federal and state officials
• Maintain corporate and/or organizational permanent files
• Monitor constantly changing tax laws and regulations
• Provide complete payroll services as needed
• Advise board members on all technical and legal issues such as self-dealing and prohibited transactions, excess distributions, direct charitable activities, use of restricted or matching gifts, and hundreds of other matters affecting your foundation.
We manage all aspects of the grant-making process to maximize board effectiveness and vision:
• Develop specific grant guidelines
• Receive and assist in reviewing grant requests
• Verify grantee qualification and/or tax-exempt status
• Prepare grant disbursements and donor letters
• Appropriately decline grant requests which fall outside guidelines
• Maintain grant history and analysis of grant program, including post-grant evaluation
• Maintain archival grant files and records
To meet your family's long-term charitable goals, we'll help you identify the appropriate charitable structure, establish the governing body for the private foundation, conduct tax planning and compliance, facilitate board meetings, provide accounting and financial reporting, and identify suitable charities.