Tax Services

Private Foundation Consulting

Benefits of a Private Foundation

With your own private foundation, you will get more than just tax savings. You also will have the ability to further your unique charitable goals, while retaining a great measure of control over how those goals are realized. Here are some of the key benefits that are possible:

  • Name recognition and credibility as a philanthropist
  • Enhanced ability to make the world a better place
  • Federal income tax deductions for contributions to the foundation
  • A legacy that links the family name with good works
  • Teaching your values and sharing your vision with your children and grandchildren
  • Retaining full legal control over the foundation’s governance, assets, and spending
  • Ability to make grants, scholarships, or loans directly to individuals in need, consistent with the foundation’s charitable purposes
  • Operating charitable programs directly
Funding Options
  • Funding Options
  • Best Practices
  • Services Offered
  • Funding Options

    Private foundations typically are funded by a single individual, family, or business. They can be funded with, and continue to hold, a wide variety of assets. Assets that can be held in a private foundation include:

    • Cash and publicly traded securities
    • Alternative assets, including private equity
    • Real estate
    • Tangible assets (art, jewelry, collectibles)
    • Intangible personal property (copyrights, patents, royalties)
    • Life insurance and annuities
  • Best Practices

    We advise private foundations to measure their governance procedures against the procedures and policies mandated by the Sarbanes-Oxley Act of 2002 and other applicable law.

    • Conflicts of interest policy
    • Audit oversight policy
    • Whistle-blower protection policy
    • Investment policy statement
    • Prudent fiduciary oversight capability
    • Ongoing due diligence and monitoring
    • Transparency and accountability
    • Documentation of adherence to policies
  • Services Offered

    Our staff of foundation experts will guide you every step of the way, so you can easily take advantage of every IRS-sanctioned option to accomplish your charitable goals. We offer the following services:

    • Foundation accounting and administration
    • Statement of account preparation and record keeping
    • Foundation tax return preparation and filings
    • Foundation cash management and disbursements
    • Financial and regulatory reporting
    • Optional annual investment reviews
    • Adherence to the reporting obligations under the Internal Revenue Code

    Efficient, worry-free foundation administration is the key to a rewarding and enjoyable experience. Our professional staff handles the details that keep your foundation running smoothly, so you can focus on your philanthropic goals.

For More Information Contact Us

Doug Trueheart
Jan Butters, CPA

The information provided herein is not a substitute for expert legal, tax, or other professional advice tailored to your specific circumstances, and may not be relied upon for the purposes of avoiding any penalties that may be imposed under the Internal Revenue Code or other federal or state laws or regulations.