FOUNDATION MANAGEMENT
Philanthropy should be as strategic as any other investment. A well-crafted philanthropic strategy can significantly enhance the effectiveness of your contributions. At Newberry Group Advisors, LLC we specialize in creating strategic philanthropic plans that reflect your unique values and goals. Our mission is to empower you to make a meaningful impact through tailored solutions that align with your vision of philanthropy.
At Newberry Group Advisors, LLC we believe that private philanthropy is essential to a thriving and free society. Our role is to guide donors and families through the complexities of foundation management while ensuring their philanthropic goals are met. While we do not provide legal or financial advice, our expertise allows us to offer insights into well-known compliance and regulatory frameworks, strategic giving, and governance best practices.
OUR SERVICES
Compliance & Regulations – Managing a foundation requires adherence to specific regulatory and compliance frameworks. Key areas include: IRS requirements to maintain a foundation’s tax-exempt status, annual reporting obligations of IRS Form 990-PF, self-dealing restrictions to avoid any conflicts of interest, and mandatory annual distributions of at least 5% of the assets.
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Developing a Philanthropic Strategy – A well-defined philanthropic strategy aligns a foundation’s mission with its funding priorities. This involves: identifying focus areas to support, establishing clear objectives and measurable goals, and building partnerships with nonprofit organizations and other philanthropists to maximize the foundation’s effectiveness.
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Governance and Accountability – Strong governance ensures that a foundation operates ethically and effectively. Key components include: oversight by a board of directors to provide strategic direction and fiduciary responsibility, transparency and regular reporting to foster accountability, and integrity in grant-making decisions and operational practices.
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Grant-Making Best Practices – Effective grant-making requires a structured approach to funding decisions. Best practices include: conduct due diligence to ensure grantees align with the foundation’s mission, establish clear grant application and reporting guidelines for your grantees, and measure impact to assess the effectiveness of your funding and adapt accordingly.
FOCUS ON THE JOY OF GIVING
Foundation management is a multifaceted responsibility that requires a strategic and complimentary approach. At Newberry Group Advisors, LLC we help philanthropists navigate these complexities by providing guidance on compliance, governance, and effective philanthropy. Offload the administrative burden of running a foundation and focus instead on the joy of giving.