Innovative Philanthropy is dedicated to helping individuals, families, and corporations smoothly navigate and satisfy existing state and federal obligations when creating a new institution that will benefit our society. Those who are establishing a private foundation must meet the Internal Revenue Service and New York State Department of Charities requirements for tax-exempt status. Our wealth management tax consultants will guide you through these requirements. We will:
- Help you determine the giving instrument that most closely melds your charitable goals with your estate and investment plans.
- Ensure that the appropriate applications are completed and filed with the federal and state regulatory agencies.
- Prepare annual tax filings.
- Provide quality education on tax planning and compliance issues.