Key Family Wealth, in conjunction with Foundation Source, is able to provide a fully integrated, turnkey solution to private foundations. Key Family Wealth’s philanthropic advisory expertise, coupled with Foundation Source’s administration and foundation management tools, combine to provide a total solution for private foundations. The result: better run, more effective foundations and philanthropy.
Our clients turn to us for help with everything from compliance to philanthropic strategy because we understand private foundations better than anyone else in the market. So whether you’re involved with starting a new foundation or part of an organization that has been around for generations, Key Family Wealth and Foundation Source seamlessly provide all the support and advisory services you’ll ever need.
Advisory Services
Find a full-range of services designed to specifically meet your needs.
Key Family Wealth provides:
- Corporate trustee services
- Investment management
- Philanthropic planning
- Tax & estate planning
- Facilitation of board meeting preparation
- Retreats & meeting facilitation
- Succession planning
Foundation Source provides:
- Customized web-based console
- Orientation & technology support for website users
- Configure grant permissions & approval processes
- Monitoring of qualifying distributions
- Management of schedules for state & federal filings
- Review & process foundation expenses
- Review grants for compliance with IRS regulations
- Review grant letters to help avoid compliance issues
Administrative Support
- New foundation creation
- Administration & governance
- Existing foundation implementation
- Manage & track substantial contributors
- Monitor compliance & due diligence
- Transaction processing
- Tax preparation & filing
- Financial & grant reporting
We also offer advanced grant-making and tax and compliance services.
Advanced Advisory Services - Philanthropic Directors
Governance and family engagement
- Board development
- Best practices review
Effective philanthropy
- Field research
- Program design
- Impact evaluation
- Innovative social change strategies
- Executive director coaching
Online Resources
Web-based foundation management tools
Online research
- Database of more than one million IRS-approved charities
- Access to GuideStar® and Charity Navigator
- Charity research requests
Online granting
- Automated granting to IRS-approved charities and others
- Customized grant approval workflows
- Favorite charities list for expedited granting
- Hardship, emergency and medical distress grants to individuals
- Grant certificates
Online tracking
- 5% minimum distribution requirement
- Grant history by date, donor and program area
- Pending grants
- Funding history by date and donor
- Foundation expenses
Online reporting
- Over 25 customizable report templates
- Financial activity, expenses, grant history
Online administration
- Foundation document archive
- Personal profile
- Report codes
- Contact file
Advanced online resources
- Uploading additional grant history
- Multi-year commitments
- Program areas with budgeting
Key Private Bank is part of KeyBank National Association (KeyBank). Bank and trust products are provided by KeyBank.
Investment products are:
KeyBank does not provide legal advice.