Foundations

Foundations are charged with juggling several responsibilities in an inherently fast-paced and demanding environment as complexity, regulatory scrutiny and accountability expectations from donors are increasing. From software selection and implementation to complex tax reporting for foreign investments and unrelated business income tax (UBIT), we understand your assurance, tax and consulting needs. We take your obligations as seriously as you do, as our professionals are approved to serve not-for-profits through a firm industry designation program.

Our tax advisers help tell your foundation’s story and provide clarity for stakeholders through the Form 990, while navigating complex state regulations and foreign tax requirements arising from investments. Alternative investments are part of most portfolios, and our extensive audit experience includes not just foundations, but the private equity and hedge funds you invest in. We also understand the intricacies of the Uniform Prudent Management of Institutional Funds Act (UPMIFA) governing donor restricted endowments, having co-authored articles with the FASB project manager.

There's a new sheriff in town: UPMIFA drives accounting and reporting changes for endowments
UPMIFA has been adopted by the majority of states, and it is imperative for institutions that invest and manage institutional funds to understand the new rules.