Many families create and fund their own charitable foundations to control and deploy their philanthropic endeavors. A private foundation is an opportunity to provide generational unity of family traditions, values, morals and social consciousness. Involving family members in the management of the foundation provides a forum to work together towards a common goal of perpetuating the family legacy. We are fully involved in assisting our foundation clients with the following:
Investment Policy: Assist stakeholders in drafting an Investment Policy Statement to define governance, investment guidelines, asset allocation, restrictions, performance reporting, fees, and other portfolio management criteria.
Investment Portfolio Design: Construct a customized investment portfolio to comply with the Investment Policy guidelines. We objectively seek “best in class” managers and investment opportunities, utilize both active and passive management approaches, and custom design fixed income allocations to meet your needs.
UPMIFA: Guidance on Uniform Prudent Management of Institutional Funds Act (UPMIFA), which defines charitable organizations prudent investment management parameters and expenditure practices.
Grant Management: Assist staff to ensure efficient grant processing and facilitate the delivery of securities when used for grant distributions.
Mission Related Investing: We advise organizations interested in including mission related investing in their portfolios to complement their moral beliefs. Approaches include Environmental, Social and Governance (ESG), Socially Responsible Investing (SRI), Program Related Investments (PRI) and direct Impact Investing.
Concentrated Stock: Gifts made to private foundations often include low cost basis securities and concentrated stock, which may carry regulatory restrictions. Careful thought should be given in order to prudently maintain concentrated stock positions within the context of one’s overall investment objectives and planning.
Donor Advised Funds: Donor Advised Funds offer a unique opportunity for private foundations to maintain a sidecar entity that compliments operations and provides simple, flexible and efficient ways to manage charitable giving.
Reporting: We provide fully customized reporting solutions, which allow you to easily monitor the value, structure and performance of your investment portfolio.