private foundations and other grant-making organizations have unique audit and tax needs
BBD provides audit and tax services for foundations structured as public charities as well as private foundations.
Our extensive accounting, audit and tax experience with private foundations and other grant-making organizations includes:
- Accounting for alternative investments
- Distribution requirements and excise tax implications
- Donor and Board restrictions
- Fair valuation classification
- Revenue recognition related to exchange vs. contribution
- Issues related to Unrelated Business Income Tax
