Imagine the extra care you would take if your individual income tax return was published on the internet! Private foundation tax returns are public documents and published on for everyone to see. In addition, private foundations can be subject to significant excise taxes that can cripple the foundation and cost the board members personally. Our goal is to keep private foundations out of trouble, to present them in the best possible light, and assist with many of the challenges of administering them.

Under the California Nonprofit Integrity Act of 2004, an independent financial statement audit is required for charities, including private foundations, with gross annual revenues of $2 million or more. The $2 million requirement includes gifts made to the private foundation, so the Board might be caught off guard in a year that a major gift is received. Sometimes proper planning can avoid having to pay for the cost of a financial statement audit. When the audit is required, we have a dedicated and experienced team that can handle this requirement.

Charitable planning goes hand and hand with private foundations. Our firm has extensive experience with planned giving and deciding the right vehicle for this giving, whether it be a private foundation, a donor advised fund, or charitable trust we will get to know your situation and recommend the best solution for you.

OUR SERVICES, which are catered to private foundations include, but are not limited to:

  • Private Foundation Tax Return Preparation
  • Private Foundation Audits
  • Private Foundation Accounting
  • Public Charity Accounting
  • Private Foundation Tax Consulting & Compliance
  • Charitable Giving Guidance & Planning
  • Private Operating Foundation Guidance
  • Public Support Testing
  • Required Minimum Distribution Analysis
  • Excise Tax Calculations & Guidance
  • Unrelated Business Taxable Income Analysis
  • IRS Audit Representation