Marcum can manage the administrative and back office functions necessary to operate a private foundation, allowing more time and effort to be focused on furthering the organizations charitable mission.

• Preparation of the application for recognition of exemption and state registration
• Preparation of federal, state and local exempt returns
• Preparation of federal and state unrelated business returns
• Preparation of estimate excise taxes
• Oversee distribution requirements
• Adherence to expenditure responsibility
• Public disclosure compliance and governance
• Oversee compliance regarding prohibited transactions; self dealing, jeopardizing transactions and excess business holdings
• Tax Planning and strategies
• Program related investments/set asides
• Representation before IRS and Attorney General

• Perform full charge bookkeeping, statement preparation and accounting services
• Payroll services
• Grants administration
• Board governance
• Internal control policies
• Interface with auditors
• Bill paying
• Budgeting and cash flow analysis
• Sales tax compliance

• Strategies using donor advised funds, charitable remainder trust, charitable lead trusts and private foundations
• Sophisticated gifting and estate planning strategies
• Coordinate with charitable organizations to structure special gifts such as university chairs, fellowships, trusts and annuities
• Engaging heirs in philanthropy endeavors
• Multigenerational gifting and planning