FOUNDATION SET UP AND IMPLEMENTATION SERVICES

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

FOUNDATION ADMINISTRATION AND OPERATION SERVICES

• Monitor foundation distributions based on trust provisions, asset valuations, and Federal/State requirements.
• Obtain and record foundation financial transactions received from investment managers.
• Review all investment and operational transactions for accuracy and Federal and State regulatory compliance.
• Determine allocation of trust earnings to principal and income based on legal requirements.
• Request and coordinate the receipt of the distribution amount to be paid to charitable organizations or for charitable purposes by the investment managers.
• Ensure foundation distributions are to qualified organizations.
• Secure all accounting records pertaining to the foundation.

FOUNDATION CLIENT COMMUNICATION SERVICES

• External (Provided to Trustee).
• Report on annual grant distributions.
• A summary accounting of foundation activity, including receipts.  

FOUNDATION FEDERAL, STATE AND ATTORNEY GENERAL REPORTING SERVICES

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