Isn’t operating a corporate foundation complicated?
A corporate foundation has the same management, planning and administrative needs as any other non-profit corporation. Corporate foundations must comply with specific Federal and State tax codes and reporting requirements. Evaluation and assessment is important so that the foundation can measure the impact of its giving to report to company shareholders. The knowledge necessary to operate a foundation effectively is not learned through other business experiences. The principals of LKM provide the foundation management and operations experience needed to enable the corporation to focus on its core business while having the confidence that the business of its philanthropy is being managed by philanthropic professionals. PLEASE NOTE: LKM does not provide legal or tax advice. Readers of this document should not rely on any statement made herein as constituting such advice and must obtain their own independent legal or tax counsel. Readers should not rely upon any suggestion or recommendati
