Private Foundations

Private Foundations & Supporting Organizations

CTAI offers complete foundation administration services regardless of the assets used to fund the foundation. Whether you have family limited partnerships, annuities, real estate, tangible personal property and/or closely held stock.  CTAI has sub-accounting capabilities for complicated investment strategies.  Ongoing services consist of foundation accounting, reporting, compliance guidance, and Federal and State tax form preparations.

CTAI Operational Services

Monitor foundation distributions based on trust provisions, asset valuations, and Federal and State requirements:

  • Review all investment transactions for accuracy and IRS compliance

  • Request and coordinate the receipt of the distribution amount to be paid by the investment managers

  • Ensure foundation distributions¬†to qualified organizations

  • Secure all accounting records pertaining to the foundation

  • Report on annual grant distributions

  • Prepare summary accounting of foundation activity

  • Monitor opportunities for tax saving benefits based on IRC 4940e

  • Assist with tax planning made possible by trust provisions and trust investment performance

Website Access

Critical building blocks for collaboration, partnership and communication:

  • Immediate access to information needed for meetings
  • Biographic and skill informationo of board members
  • Basic documents that created the foundation
  • Current and past grant requests
  • Financial accounting
  • Federal and State tax returns

Federal, State & Attorney General Reporting Services

Preparation and filing of:

  • IRS Form 990-PF
  • IRS Form 990
  • IRS Form 1099
  • IRS Form 4720
  • IRS Supplemental Schedules Form 8282 & Form 8283
  • State tax forms and schedules
  • Relevant Attorney General filings