CORPORATE PHILANTHROPY SERVICES

Outsourced Support Services to Simplify Your Company’s Charitable Giving

The Corporate Philanthropy Experts

Whether you have a corporate foundation, a corporate giving program, or both, we’ve got you covered.

By partnering with Foundation Source, you get a full suite of technology, expert advice, and administrative support—all under one roof and tailored to your needs. Our outsourced services will simplify your company’s charitable giving and take your philanthropy to the next level.

Nearing our third decade of service, our professional staff includes attorneys, tax specialists, philanthropic directors, and client advisors who provide a depth of expertise you simply won’t find anywhere else.

Working with Foundation Source will help you:

• Streamline operations and reduce employee workloads

• Simplify the review and approval process of corporate donations

• Capture donation data from multiple facilities in one place

• Provide transparency across the organization to eliminate duplicate giving

• Easily prepare standardized and user-defined reports

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hether you have a corporate foundation, need assistance with your corporate giving program, or both, you’ll benefit

from our comprehensive suite of tools, technology, and expertise.

ADMINISTRATIVE SUPPORTWe provide day-to-day support for your corporate philanthropy, including:

Initial Setup• Customization of Foundation Source Online®

• Uploading of historical giving activity (from a standardized electronic file)

• Configuration of viewing rights and permissions for each employee granted access

Transaction Processing• Preparation of donation checks and

transmittal letters

Compliance Oversight• Confirmation of IRS status for 501(c)(3)

organizations

• USA PATRIOT Act due diligence for terrorist organizations

Additional Services for Corporate Foundations• Funding and expense processing

• Monitoring for self-dealing and jeopardizing investments

• Tax preparation and filings: annual 990-PF, estimated taxes, year-end 1099s/1042s, and state filings as required

W With Foundation Source, you get comprehensive services and a

“virtual staff” of foundation experts.

IT’S A WIN-WIN: WHY COMPANIES ENGAGE IN PHILANTHROPY

Whether you are a chocolate company fighting to save the rain forest that sources your cocoa or a Detroit engineering firm sponsoring local STEM programs, busi-nesses often find that doing good is perfectly aligned with doing well.

How Philanthropy Helps Society

• Supports the community and environ-ment in which the company operates

• Broadens awareness of issues relevant to the company, such as domestic violence, coral reef bleaching, or food insecurity

• Puts company expertise, networks, and resources in service of the greater good

How Philanthropy Helps the Company

• Enhances company brand

• Supports employee recruitment, retention, skill-building, and engagement

• Fosters improved relationships with customers, vendors, and suppliers

• Facilitates the creation of discoveries with commercial potential by funding basic research that aligns with company interests

SERVICES FOR CORPORATE GIVING PROGRAMS AND FOUNDATIONS

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FOUNDATION SOURCE ONLINE®

Foundation Source Online® is a secure, web-based platform for managing your corporate giving activities, including charity research, donation processing, activity tracking, and reporting. Viewing rights and permissions are customized for each staff member given access to the site, enabling you to control what they can see and do while online. This award-winning technology provides oversight and control of corporate giving activities and facilitates communication and collaboration among those involved.

KEY FEATURES

Charity Research• Database of IRS-approved public charities and

all other exempt organizations

• Supplemental school data from the National Center for Educational Statistics

• Access to research from GuideStar® and Charity Navigator

• Vetting of charities not found in the database

Online Donations• Streamlined systems to initiate and review

donations

• Management of multi-year commitments

• Creation of “favorite charities” list for expedited giving

Customized Review and Approval Workflows• Manage donations by individuals, committees,

satellite facilities, and geography

• Manage donations with programmatic and/or budget restrictions

• Ability to filter out categories of charitable organizations by National Taxonomy of Exempt Entities

Activity and Financial Reporting• Track receipt of donation acknowledgments

• Library of standardized reports

• Filters for user-defined reporting

• Custom reports available

Streamlined Grants ManagementFoundation Source Requests® makes it easy for you to accept online applications from those seeking donations from your company, then organize, and review those applications. It includes:

• Eligibility quizzes to pre-screen applicants against program guidelines

• Customized applications with “required fields” that ensure complete submissions

• Review and collaboration tools for stakeholders

• Letter and email templates for notifying applicants of decisions or the need for additional information

Foundation Source Results® helps you track the impact of your charitable donations. It automates the process of collecting key performance infor-mation from nonprofits and other recipients:

• How donations were spent

• Recipient’s progress towards goals

• Unexpected challenges

• Lessons learned

Total grants made to charitable organizations through our platform

$4.2B

View of the Foundation Source Online® dashboard.

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ADVISORY SERVICES

Private Client AdvisorEach client is supported by a Private Client Advisor, a relationship manager dedicated to your company, who is available to assist company representatives on a daily basis with our services. He/she gets to know you and your giving program inside and out. Private Client Advisors are backed by specialists with expertise in tax and legal issues, compliance, and philanthropy. They can help:

• Set up and configure the Foundation SourceOnline® platform

• Configure customized granting permissions and grant approval processes

• Provide orientation and technology support for Foundation Source Online® users

• Review donations and transmittal letters for accuracy

• Accept correspondence on your behalf

Philanthropic DirectorYou also get telephone access to a Philanthropic Director who can help you develop your company’s philanthropic strategy:

• Develop a corporate social responsibility (CSR) strategy that aligns with company business goals

• Research, prioritize, and develop funding areas

• Identify nonprofit partners

• Create donation guidelines and application materials

• Provide guidance for fundraising activities

• Ensure that proper evaluation metrics are in place

Your Philanthropic Director is also available to work with you company’s legal counsel to develop customized donation agreements, if needed.

EMPLOYEE ENGAGEMENT These optional services are available through our network of preferred partners:

• Employee matching

• Volunteer tracking

• International programs

• Fundraising campaigns

• Disaster relief

We can help you develop a CSR strategy that aligns with company business goals.

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early all companies engage in philan-thropy as a means of giving back to the communities in which they operate. This

includes financial contributions, donations of product, in-kind services, and employee matching and volunteering.

However, only a fraction of these companies take advantage of the additional benefits that come from adding a corporate foundation to their philanthropic efforts. These unique and powerful advantages include:

Tax Benefits: The company gets a charitable tax deduction when it makes a donation to its own foundation, and it maintains control over those charitable assets into the future.

Asset “Catch Basin”: The company can avoid capital gains taxes when land, stock, and other appreciated assets are donated to the foundation.

Expanded Philanthropic Options: Corporate foundations can engage in a wide range of charitable activities that would not be tax deductible if handled directly by the company:

• International grants directly to organizations outside of the U.S.

• Employer-related scholarship programs

• Grants to individuals for disaster relief and economic hardship

Only a fraction of corporations take advantage of the additional benefits that come from establishing their own corporate foundation.

NAdding a Corporate Foundation to Your Company’s Philanthropy

• Loans for a charitable purpose that are paid back to the foundation

• Grants to for-profit entities, when they are used for a charitable purpose or to advance the work of the foundation

Consistent Giving: The foundation can build a reserve in years when company profits are high that can be tapped in less profitable years.

Reduced Company Overhead: Staffing and overhead can be paid by the foundation and counted toward its 5% minimum distribution requirement, resulting in a reduced cost to the company.

Simplified Recordkeeping: Corporate foundations are not required to collect substantiation receipts for gifts of $250 or more, a big plus for employee matching programs.

FOUNDATION CREATIONIf your company is interested in establishing a corporate foundation, we can help. We typically can provide a new corporate foundation, ready for funding, in less than a week. We’ll provide the nonprofit corporate entity, bylaws, and recommended gover-nance policies; and we’ll file IRS Form 1023 for recognition of exempt status.

To learn more, contact us today! 800.839.0054

Our Clients

A partial list of Foundation Source clients:

ABOUT FOUNDATION SOURCE www.foundationsource.com

Foundation Source is the nation’s largest provider of comprehensive support services for private foundations. Our complete outsourced solution includes foundation creation (as needed), administrative support, active compliance monitoring, philanthropic advisory, tax and legal expertise, and online foundation management tools.

Now in our second decade, Foundation Source provides its services to more than 1,500 family, corporate, and professionally staffed foundations, of all sizes, nationwide. We work in partnership with wealth management firms, law firms, accounting firms, and family offices as well as directly with individuals and families. Foundation Source is headquartered in Fairfield, Connecticut.

Have a question? Call 800.839.0054 or send us an email at info@foundationsource.com.

55 Walls Drive, Fairfield, CT 06824 P 800.839.0054 F 800.839.1764 www.foundationsource.com©2018 Foundation Source Philanthropic Services Inc. All rights reserved. v0319

The information provided in this document is for general information purposes only, and does not constitute legal, tax or investment advice.