Isn’t operating a foundation complicated?
A foundation has the same planning, administrative and management needs as any other corporate entity. In addition, foundations must comply with specific and changing Federal and State tax codes and reporting requirements pertaining to non-profit corporations. LKM provides a comprehensive approach to foundation management that relieves donors of operational concerns and allows small foundations to operate with confidence. LKM enables small foundations to benefit from professional management and grantmaking assistance without the burdensome cost of hiring staff and opening an office. 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 recommendation from Leventhal/Kline as advice regarding reader’s legal or tax obligations or duties under Federal or State law.
