Foundation Source Back-Office provides complete services for the administration of private foundations, including compliance monitoring, tax filings, grantmaking and grants management services. We handle all the details, so donors can focus on what matters most, their charitable giving. Services include:

Administrative Services

• Preparation and filing of federal and state regulatory documents
• Complete document preservation and data storage
• Foundation governance, including voting, nominations and notifications
• New foundations in as few as three business days - if requested

Compliance Monitoring

• Real-time verification of all grant activity to ensure IRS eligibility
• Daily calculation of the 5% distribution requirement
• Review of all expenses based on IRS guidelines
• Review of self-dealing, tipping and control issues

Transaction Processing

• Preparation and distribution of all grant checks and cover letters
• Timely and accurate payment of fees and expenses
• Complete tracking of all transactions
• Immediate updating of all financial records

Tax Preparation & Filing

• Preparation and filing of quarterly excise taxes
• Preparation and filing of year-end Form 1099's
• Preparation and filing of IRS 990-PF tax return
• Year-end personal tax receipts for donations to the foundation

Financial and Activity Reporting

• Detailed financial analysis with on-screen summaries
• Grant activity and transaction reports, tracked by category and subcategory
• Grant history tracked by date, grantee and officer
• Fees and expense reporting

Get started with Foundation Source today.