Scope of Foundation Management Services

• Preparing and submitting for approval tax exemption applications to establish foundations to governmental agencies, including the Internal Revenue Service and Franchise Tax Board.

• Developing governance structures and operating plans for foundations.

• Defining philanthropic objectives and developing mission statements.

• Developing strategies to carry out the foundation’s philanthropic goals and priorities.

• Managing foundation activities, conducting due diligence, identifying organizations to support, and monitoring approved grants.

• Coordinating the payment of foundation expenses and approved grants.

Kramer, Blum and Associates provides all the general management services foundations require except for investment, tax and legal services.