Foundations & Corporate Philanthropy
Leave a Permanent Legacy by Starting a Family Foundation or Corporate Foundation
We offer turn-key solutions to start your foundation with ease. And we empower you to have the knowledge you need to run your foundation with confidence.
Foundations & Corporate Philanthropy
Leave a Permanent Legacy by Starting a Family Foundation or Corporate Foundation
We offer all-inclusive solutions to start your foundation with ease. And we empower you to have the knowledge you need to run your foundation with confidence.
Managing Private Foundations
The Cullinane Law Group helps private foundations to establish policy development, grants management, and grants administration, so that your programs have the strongest impact. We help with:
- Donor intent, investment, and administrative policies and procedures
- Foundation’s grant-making practices
- Establishing foundation guidelines, procedures for monitoring and reporting on grants
- Contracts to ensure effective use of funds
- Issues from grants to non-traditional recipients
- Grants to individuals
- Executive compensation
- Private foundation rules and regulations
- Commercial and entrepreneurial activities, and when they may cross the line to become unrelated business income tax
- Public charity support tests and qualification
International Foundations
We assist with international matters, including:
- The complete start-up of “friends of” organizations;
- Foreign grant-making practices and oversight;
- Compliance with anti-terrorism and foreign asset control regulations;
- Developing international affiliates and operations.
Corporate Philanthropy + Corporate Foundations
Cullinane Law Group works with for-good, for-profit businesses. We help companies that are giving back to their communities. We set up corporate giving programs that help businesses give back to the community, while engaging employees and shareholders.
Work includes:
- Corporate Foundations and their giving programs
- Employee disaster relief grants
- Employee matching gift programs
- Employer-sponsored funds to help employees in times of hardship (accidents, natural disasters, medical needs, emergency situations, death of a family member)
- Charitable support of certain causes through a streamlined processing of requests
- Employee scholarship funds
- Corporate matching gift programs
- Cause-related marketing, co-ventures
- Employee-assistance fund for employees experiencing a financial hardship
- Support with structuring giving programs, employee or franchise owner payroll deductions for charitable cause
- Corporate sponsorships and grants
What is a Private Foundation?
Generally, a foundation is an organization that supports charitable activities for the common good. Foundations may work to help other organizations, institutions, or individuals for scientific, educational, cultural, religious, or other charitable purposes.
Although contributions to private foundations are tax deductible, many of these organizations do not accept donations from others. Rather, many times foundations are set up with funds given by a small group of individuals, by a families, or by a corporation.
Foundations often invest their principal funding, then distribute the income from those investments for charitable purposes. Foundations often make financial grants to others. Some foundations may operate programs.
We help you understand the various types of foundations:
- Private Operating and Non-operating Foundations
- Community Foundations
- Corporate Foundations
- Public charities that use the term “foundation” in their name
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