PRIVATE FOUNDATIONS & 
SUPPORTING ORGANIZATIONS

CTAC offers complete foundation administration services, regardless of the assets used to fund the foundation, including: family limited partnerships, annuities, real estate, tangible personal property and closely held stock.  Also, CTAC has unitization and sub-accounting capabilities for more complicated investment strategies.  Ongoing services consist of foundation accounting, reporting, compliance guidance, and Federal and State tax form preparations.    

OPERATIONAL SERVICES

• Monitor foundation distributions based on trust provisions, asset valuations, and Federal and State requirements
• Review all investment transactions for accuracy and IRS compliance
• Request and coordinate the receipt of the distribution amount to be paid by the investment managers
• Ensure foundation distributions are to qualified organizations
• Secure all accounting records pertaining to the foundation
• Report on annual grant distributions
• Prepare summary accounting of foundation activity
• Monitor opportunities for tax saving benefits based on IRC 4940e
• Assist with tax planning made possible by trust provisions and trust investment performance

• Critical building block for collaboration, partnership and communication
• Immediate access to information needed for foundation board meetings
• Historical board member information, such as biographies and skills
• Basic documents that created the foundation
• Current and past grant requests
• Financial accounting
• Federal and State tax returns

Preparation and filing of:

• IRS Form 990-PF, 990-T, 99, 4720 and supplemental schedules, 8282, 8283 (for publicly traded securities only), required State tax forms and schedules and relevant Attorney General filings