Private Foundation Administration
Areas of Service
We provide this limited service to private foundations throughout the United States.
Administrative Agency Services for Private Foundations
Private Foundations can be organized either in trust form, or as not-for-profit corporations. The latter are managed by boards of
directors, rather than trustees. The various duties of the directors or trustees include, but are not limited to: (1) setting
investment policy and investing the foundation’s assets; (2) safekeeping and accounting of the foundation’s property; (3) valuing
foundation property as needed; (4) paying the foundation’s creditors; (5) accepting or rejecting additional contributions
and gifts; (6) reviewing and approving or rejecting grant requests; (7) making grants; (8) hiring and managing foundation
personnel; (9) complying with all state and federal laws and regulations that effect foundations, including tax laws and
tax reporting requirements; and (10) generally managing the foundation in accordance with its governing documents.
Of these general duties and responsibilities, Santa Fe Trust presently offers the following services only on an agency
basis: (1) foundation accounting; (2) statement of account preparation; (3) foundation tax return preparation; (4) foundation
cash management and disbursements; and (5) optional annual investment reviews in behalf of the trustee or board.
Costs associated with these services
This service is offered solely on an agency basis, under contract to the foundation’s board of directors or trustees, as
the case may be. A copy of our detailed Private Foundation Agency Administrative Services Agreement will be provided upon request.
How We Price These Services
SFT charges a fee for initial account set up, tax return preparation and extraordinary services. Our account administration
fees are a percentage of the value of the foundation’s assets, charged monthly in advance.
Please call for a personalized fee quote.