While the busy giving season is just getting started, our accounting team has been working hard all year to help our private foundation clients navigate their taxes. With the 2024 tax deadlines behind us, we’re excited to spotlight our team of experts and share a behind-the-scenes look at the team and technology behind the thousands of tax forms we file and prepare every year.
2024 By The Numbers
- 2,000+ private foundation clients supported
- 6,700+ individual forms prepared (including 990PFs, state forms, federal forms, filings related to foreign holdings, etc.)
- Filed in 45 states
- 1,650+ K-1s processed
Our Specialized Expertise
Running a private foundation without running afoul of the IRS requires a thorough knowledge of complex, evolving rules and regulations. Our foundation tax experts provide proactive tax planning and meticulous preparation of thousands of private foundations’ returns.
Our team is made up of 12 tax accountants who prepare returns and make sure each foundation is compliant with IRS regulations. In addition, the team has four Tax and Legal Operations Specialists who help with the review process, corrections, manage the Tax Center on Impactfully, and more.
“Every year our tax team handles thousands of filings with increasing complexity and sophistication. Their knowledge, dedication and specialized expertise make it look easy while ensuring our foundation clients get accurate, timely returns.” – Chana Spielman, Tax and Legal Department Advisor
Our Innovative Tech
The Tax Center on Impactfully is designed for private foundation members to stay compliant and on top of their tax to-dos. When our clients log into Impactfully, they can see any outstanding notifications from the Tax Center at the top of the dashboard.
“I’m not a fan of doing taxes (understatement). I am very happy that Foundation Source provides the services to file on behalf of the foundation each year so that I can rest easy knowing that the foundation is providing a legitimate accounting to the government.”
– Chris Burns, The Reid Burns Foundation
Want To Learn More?
Learn about our private foundation tax preparation and filing here.
Questions In the Meantime?
We’re here to help! Schedule a call with us or reach us at 800-839-0054. Together, let’s #begiving.
