Private Foundations

Private FoundationsCondon O’Meara McGinty & Donnelly’s practice includes a diverse range of foundation clients including operating foundations, small family foundations, corporate foundations and large foundations with portfolios in the hundreds of millions. While a number of these institutions date back to the early part of the 20th century, we also help individuals and families create new organizations each year, advising them on the structure most appropriate to their goals. A firm strength, born of long experience, is our ability to counsel private foundations in more sophisticated audit and tax issues such as alternative investments, unrelated business income reporting, equivalency determinations and expenditure responsibility, and international and other grant making issues, along with a host of other intricacies of foundation management. The firm is highly experienced in dealing with excise taxes in their various forms and with effective representation before the IRS and other regulatory authorities.