ENDOWMENT FUND SET UP AND IMPLEMENTATION SERVICES

• Review entity provisions and enter pertinent data into administration system.  Analyze gifts for suitability as an asset for the fund.  Advise the trustee regarding related issues or concerns.
• Ascertain the cost basis and holding period for all fund assets from information provided by the trustee.
• Collect legal, financial and tax documents and records used to establish the entity and its relationship with the trustee, trust administrator and investment manager(s).

ENDOWMENT FUND ADMINISTRATION AND OPERATION SERVICES

• Monitor distributions based on fund performance, asset valuations, and Federal/State requirements.
• Obtain and record financial transactions received from investment managers.
• Review all investment and operational transactions for accuracy and Federal and State regulatory compliance.
• Determine tax character of each financial transaction.
• Request and coordinate the receipt of the distribution amount to be paid to all beneficiaries by the investment managers.

ENDOWMENT FUND CLIENT COMMUNICATION SERVICES

• Fund valuation report.
• Report on annual distributions.
• A summary accounting of fund activity, including receipts (by tax character of income), disbursements attributable to the fund amounts, expenses, capital losses, and the unrealized appreciation in the market value of assets.
• A detailed sub-account report for each fund.
• Prepare and File IRS form 8282 and 1099 when applicable.