Family Foundation Services

Bringing full-service solutions to private foundations.

 

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 Wealth, Key Private Bank, Key Family Wealth, KeyBank Institutional Advisors and Key Private Client are marketing names for KeyBank National Association (KeyBank) and certain affiliates, such as Key Investment Services LLC (KIS) and KeyCorp Insurance Agency USA Inc. (KIA). 

Key Family Wealth is the marketing name through which KeyBank National Association (KeyBank) provides a range of financial products and solutions.

KeyBank and its affiliates do not provide tax or legal advice. Individuals should consult their personal tax advisor or attorney before making any tax-related investment decisions.

Banking products and services are provided by KeyBank, Member FDIC. Trust and certain custody and investment management products are provided by KeyBank, a national bank with fiduciary powers. KeyBank is an Equal Housing Lender. All loans provided by KeyBank are subject to underwriting, credit, and collateral approval, in addition to origination or other transaction fees. Financing availability may vary by state. Restrictions may apply NMLS ID 399797.

Investing involves risk, including potential loss of principal amount invested. There is no guarantee that investment objectives will be achieved. Past performance does not guarantee future results. Asset allocation and diversification do not guarantee returns or protect against losses. 

Investment products and services are:

NOT FDIC INSURED • NOT BANK GUARANTEED • MAY LOSE VALUE • NOT A DEPOSIT • NOT INSURED BY ANY FEDERAL OR STATE GOVERNMENT AGENCY