Private Foundations
Private foundations play a vital role in strengthening our communities through direct grants and programs that support and build nonprofit organizations. They also provide families with an opportunity to work together to create a lasting legacy that reflects their shared values and philanthropic goals. Protecting your mission requires proactive financial oversight and strategic tax planning.
For decades, private foundations have relied on Lumsden McCormick as a trusted advisor. We partner closely with boards and leadership teams to navigate complex IRS regulations, stay ahead of changing requirements, and provide guidance to maintain strong internal controls and efficient operations.
Our professionals have extensive experience helping foundations achieve their long-term goals while navigating investments and activities that may increase tax exposure, including unrelated business income tax (UBIT) considerations and capital gains exposure. With a proactive, strategic approach, we help safeguard your financial health so you can remain focused on advancing your philanthropic mission.
Latest Insight
Build a More Resilient Nonprofit With Revenue Diversification
If your nonprofit relies heavily on a few funding sources, it may be time to diversify your revenue streams. Here’s how.
Tax
