Private Foundation Management
The Ultimate Foundation Partnership
Private foundations require unique support — from initial setup to ongoing operations and management. If you need assistance managing your current foundation or are looking to establish one, Armanino experts are here and ready to answer all your philanthropy questions.
We take your philanthropic purpose as seriously as you do. Whether you’re just starting the process of forming a family foundation or you are managing a well-established endowment, we are committed to helping you focus your time where your passion lies: creating the greatest impact with your grant dollars, instead of being burdened by administrative tasks.
Benefits of Armanino Private Foundation Management Services
Making the greatest impact with your philanthropic dollars requires balancing multiple objectives — from grantee selection and interaction to maximizing investment earnings and complying with complex reporting and disclosure rules. With decades of experience serving private foundations and other charitable ventures, our nonprofit experts help ensure your legacy continues for generations to come. You don’t have to know how to run a foundation, because we do. Here’s how we can help:
CPAs With a Passion for Foundations
Navigating the sea of foundation accounting and reporting requirements takes a steady, experienced hand. Not only do we make sure you are in a strong financial position today, we go deeper. Are you on track to meet distribution requirements? Do you have an investment policy? Are manual processes pulling you away from higher-value functions? Are you engaging in self-dealing transactions and don’t even know it? Our proactive guidance will help you keep meeting your grantmaking goals for years to come.
Technology Designed to Enable Your Philanthropy
We utilize a fully functional accounting system, complete with electronic document workflows and electronic signatures, ensuring best-in-class document retention and accounting. We also utilize an optimized grants management system and provide a database of U.S charities for you to explore should you need inspiration for a future grant. Finally, all our technology is aggregated to a simple dashboard so you can easily view the current status of your foundation.
Outsourced Foundation Services
Keeping up with the many moving parts of establishing and managing a foundation — from bookkeeping and grants management to compliance with complex IRS reporting rules — takes time that you could be spending on your philanthropic mission. But you don’t have to manage it all on your own. We remove the worry and hassle with a customized package of outsourced foundation services, freeing you up to focus on the reasons you started the foundation in the first place.
Our Services
Managing a successful foundation entails a series of critical decision points, starting with the moment you consider whether forming a foundation is right for you. From initial structuring, to modernizing and integrating technology for maximal mission effectiveness, to aligning your investment strategy with your philanthropic objectives and forming a communications plan showing how your foundation dollars are moving the needle, our nonprofit advisors have the experience and expertise to inform your decision-making.
We can help you alleviate the administrative burden of managing your private foundation, so you can get back to focusing on what you love most — your mission. Our services include:
- Accounting & Bookkeeping (transactional, budgeting, cash flow management, forecasting)
- Tax compliance
- Forms 990-PF & 990-T
- Investment portfolio tax issues
- Unrelated business income tax (UBIT)
- Excise tax
- Minimum distribution calculations
- Grants management
- Ensuring grantees are actively registered charities
- Evaluating grantee financial capacity
- Wire payment processing
- HR outsourcing
- PR & brand management
- An overall proactive service approach – guiding you through the entire process
- Dashboard accessibility displaying key financial information and metrics
The Foundation Experts
Copyright © Armanino LLP. All Rights Reserved. Privacy Policy
DISCLAIMER: This communication is an overview only, and should not be construed as legal, investment or tax advice or advice to take any specific action. Individuals should consult with their personal tax / investment / legal advisors before making any tax / investment / legal-related decisions related to blockchain or cryptocurrency.
