Foundations

The Specific Strengths You Need.

Blackman Kallick's Not-for-Profit Practice provides the full range of audit, tax and consulting services for foundations.

Our long and close relationship with a wide range of not-for-profit organizations has helped us fully understand what sets each organization apart and how their audit and tax needs differ from each other.

Audit and Consulting Services.

We believe our strength with not-for-profits is due to our diligence and hands-on approach to performing audits and also providing services 'beyond' the audit.

For foundations, these value-added services include:

  • helping board members and investment committees understand their fiduciary responsibilities
  • advising foundations on the impact of the Sarbanes-Oxley Act
  • reviewing and flowcharting internal controls

Tax Services.

Foundations have some of the most complex tax issues within the not-for-profit community. Foundations can rely on the exceptional depth of our tax resources and our experience interpreting and applying the applicable tax laws and regulations.

Our tax planning and consulting services specific to foundations include:

  • organizing and qualifying foundations with the IRS and State authorities
  • creating gift acceptance policies and guidelines
  • monitoring the adequate substantiation of gifts
  • assisting donors with …
    • selecting appropriate assets
    • managing individual income tax limitations
    • understanding leveraged giving techniques
  • integrating techniques such as charitable lead trusts and remainder trusts
  • minimizing excise tax on investment income, through …
    • the timing of gains and losses
    • the allocation of expenses
  • interpreting the rules and regulations regarding …
    • prohibited transactions
    • excess business holdings
    • self-dealing and payments to related parties

Learn More

To learn more about Blackman Kallick's Not-For-Profit Services, please contact:


This publication is part of Blackman Kallick’s marketing of professional services, and is not written tax advice directed at the specific facts and circumstances of any person and/or entity. Contents of this publication are of a general nature, and you should not act on this information without obtaining professional advice from your business advisor that is appropriately tailored to your individual needs and circumstances. This written advice is not intended or written to be used, and cannot be used by any taxpayer, for the purpose of avoiding penalties that may be imposed under the Internal Revenue Code.