"What is a private foundation? A large body of money surrounded by those who want some."    – Conrad Teitell

As fortunes are made, more and more successful individuals look to establish means by which to share their hard work and good fortune with their communities, and beyond. A private foundation can leave a legacy of good work far after its creator has passed on. To assist in all forms of private foundation creation and management, one should call upon professionals who have performed these services for others, and who have specific track records in this highly specialized area. The principals of Trust Management Group have experience with private foundation setup, administration, compliance and taxation dating back to 1976. We are pleased to offer the following services in this connection to interested clients and their advisors:

• Assistance with Decision Making on What Form of Philanthropy to Use (such as Private vs. Community Foundation)
• Planning the Private Foundation, Including Which Form to Take (corporation vs. trust)
• Initial Setup, Including Selection of Trustees or Directors
• Compliance Advice, Including Assistance with IRS Requirements
• Education of Trustees, Directors, Officers and Employees
• Establishment of Grants Procedures
• Multi-Generational Planning (including Employment of Family Members)
• Foundation Conversion and Termination