Services

Policy Development
FMI will assist Trustees in creating basic tools of a professionally managed foundation:

• Donor Intent Policy
• Investment Policy
• Administrative Policies and Procedures

Grant Making
FMI will provide grant screening & evaluation by:

• Communicating with potential grantees
• Screening requests to assure they fall within the Trustees guidelines
• Distributing grant applications
• Site visits to prospective grantees
• Evaluating proposals
• Following up on grants made, to measure success
• Verifying challenge grants
• Tracking Multiyear grants

Foundation Accounting
FMI will provide the following services

• A monthly or quarterly balance sheet and an income and expense/statement
• Consolidate statements from multiple asset managers
• Check writing and reconciliation with adequate checks and balances
• Quarterly comparison of investment returns with established benchmarks
• Provide monthly minimum distribution calculations

Asset Management
FMI is uniquely positioned to assist the trustees in selection and oversight of a professional asset manager(s)

• Advise in developing policy and setting asset allocation
• Assist in screening and selecting manager(s)
• Monitor the performance of each manager compared to preselected benchmarks
• Coordinate reporting meetings between managers and trustees

Regulatory Matters:
FMI will be responsible for keeping the foundations apprised of the legal environment and notify Trustees of changes in law, which effect the management of the foundation:

• Prepare and filing of the 990PF tax return
• Publish required public notices
• Assist in keeping the foundations minutes, Trustees’ policies and corporate documents current
• Advise on new and applicable government regulations

Other Services:
FMI is able to assist foundations in a number of additional ways upon request

• Provide resource materials
• Circulate meeting announcements
• Intra-generational training for trusteeship
• Plan and facilitate Trustee retreats
• Work with Trustees on special projects
• Provide continuing education
• Prepare board documents and agenda materials

Fees and Agreements
Annual fees for the listed services are 1/2 of 1% as determined on a fair market value of the foundations assets, payable monthly. The fees cover all ordinary and regular services performed by FMI.