PHILANTHROPIC ORGANIZATIONS AND FOUNDATIONS

Over the next two or three decades, the philanthropic sector is expected to grow dramatically as a result of an intergenerational transfer of wealth. With this anticipated growth may come legislative changes, such as tax incentives and regulatory standards, that could adversely impact foundations. One factor fueling legislative reform is the fact that financial institutions are marketing charitable products.

With these potential legislative changes coming, foundations should take this opportunity to address their corporate governance policies, including accountability and standards for giving. Additionally, it is important that foundations help policy makers and related parties understand the true value philanthropy brings to society.

MSL CAN HELP YOUR FOUNDATION:

  • Determine the best approach to controlling and accounting for alternative investments
  • Implement practices to improve corporate governance policies and procedures
  • Respond to changes in the philanthropic landscape that may adversely impact its mission
  • Balance financial objectives with charitable objectives
  • Integrate technology to enhance operational efficiency

SOCIAL SERVICES

Social service and charitable agencies are vital to humanitarian fulfillment. Many agencies today are faced with the challenge of maintaining the necessary revenue and cash flow to support their respective missions. 

Volunteers
MSL Florida Roots, Global Reach
FLORIDA'S FIRM SINCE 1974

MSL UNDERSTANDS THE UNIQUE NEEDS OF SOCIAL SERVICE AND CHARITABLE AGENCIES AND CAN HELP YOUR ORGANIZATION:

  • Leverage its corporate governance policies and financial stewardship to improve organizational efficiency and attract and maintain financial contributors and other stakeholders
  • Assess proposed ideas for supporting community and educational programs
  • Enhance operating performance and internal controls
  • Develop long-term strategic plans to ensure future viability
  • Integrate technology to enhance operational efficiency

MSL currently serves over 220 not-for-profit entities, including philanthropic organizations, healthcare organizations, membership organizations, foundations, and charter schools. 


 SERVICES


  • Development of Indirect Cost Allocations
  • Bylaws/Articles of Incorporation Review
  • Efficiency Reviews and Operational Audits
  • Assisting with Donor and Estate Planning Issues
  • Unrelated Business Income Tax Issues
  • Corporate Organizational, Operational, and Compliance Consulting
  • Pension Plan Development, Compliance, and Related Reporting Requirements with the IRS, Department of Labor and ERISA
  • Compliance Audits (GAGAS, State Single Audit Acts, Uniform Guidance, and HUD Reporting Requirements)
  • Preparation of Federal/State Information Returns, including Forms 990 and 990T