✔ Monthly Financial Packets

Help foundation leaders fulfill and document their fiduciary oversight role while maintaining timely insights into the foundation’s health and performance.  Financial packets include comparative financial statements, bank and credit card statements/reconciliations, monthly payroll reports, and other client-specific reporting needed to facilitate transparency and good governance.

✔ Financial Team Coordination

We coordinate with internal bookkeeping or accounting staff to process monthly financial activity and prepare financial statements.

✔ Monthly Investment Activity Recording

Accurately and efficiently record monthly or quarterly investment activity in the general ledger and provide tools to ensure financial statements reflect YTD performance.

✔ Financial Analysis, Forecasting, and Strategic Support

Generate the financial analyses and forecasts your leadership team needs to manage operations and charitable distributions in addition to informing organizational strategy.

✔ Technology Implementation

Improve the efficiency and accuracy of transaction posting and facilitate proper segregation of financial duties and good governance. We deliver expert guidance on incorporating affordable technologies (e.g. Bill.com, Divvy, Gusto, etc.) into your accounting procedures.

✔ Policies & Procedures

Healthy organizations develop and follow policies and procedures which safeguard assets through the proper segregation of financial duties and timely reporting for decision makers.  We can review your foundation’s financial policies and procedures and suggest process and system enhancements to achieve these goals.

✔ Investment Policy Statement

Foundation portfolios are the engine of their philanthropy.  We help foundations develop Investment Policy Statements with asset allocations capable of responsibly achieving your foundation’s investment objectives.

✔ Spending Policy Development

Setting spending policy is one of the most critical decisions foundations make.  Spending policies drive operational and philanthropic decisions and inform investment strategy.  We support your leadership team and board in establishing spending policies consistent with the foundation’s long-term strategic goals and time horizon.

✔ RFP Assistance

Provide Request for Proposals support for investment advisory services, audit and tax services, insurance brokers, employee benefits, etc., as needed.

✔ Budget Preparation

Don’t feel alone in developing your annual budget. We prepare or review annual budgets in collaboration with key leaders and board members.

✔ Annual Grant Budget

Work with an expert to sharpen your annual grant-budgeting methodology and produce a clear, accurate annual grant budget that empowers your Grants Team to plan strategically.

✔ Cost Allocations and Reporting

We help you allocate operating and payroll-related expenses to various grants, funders, or activities to facilitate management reports, funder reporting, and/or funder invoices.

✔ Transaction Processing

Ensure consistent and accurate coding of transactions posted to the organization’s accounting system with ongoing reviews of your monthly revenue and expense activity.

✔ Payroll Processing and Tax Filing

We ensure your organization delivers timely and accurate submission of periodic payrolls and payroll tax filings.

✔ Audit and Tax Return Liaison and Support

We can serve as your liaison with your audit/tax CPA firm. We prepare all required schedules for your organization’s annual audit process and tax return filings (990PF and 990T), which includes making quarterly and annual state and IRS tax filings on a timely basis.

✔ Board/Committee Presentations

As your accounting partner, we can present financial reports to committees, boards, and other key stakeholder groups.