Start My Private Foundation (We do it all)

Description

This Is Not a DIY Process

Starting a private foundation is far more complex than starting a standard nonprofit.

It involves:

• Advanced IRS filings (Form 1023)
• Strict compliance rules
• Ongoing reporting requirements
• Tax considerations and 5% payout obligations

Done incorrectly, it can lead to:

❌ Delays in IRS approval
❌ Compliance issues
❌ Penalties and excise taxes
❌ Structural problems that are difficult to fix later

This is not something you want to “figure out as you go.”

What You Get

This is a done-for-you, white-glove foundation setup service.

We handle the process from start to finish so you can focus on your mission—not the paperwork.

✔ Complete Foundation Formation

• Articles of Incorporation
• IRS-compliant structure
• Proper classification as a Private Foundation

✔ Federal Tax-Exempt Application

• Preparation and submission of IRS Form 1023
• Narrative development
• Required supporting documentation

✔ Governance Documents

• Custom bylaws
• Conflict of interest policy
• Foundational policies to ensure compliance

✔ State Registration Support

• Required registrations and filings
• Guidance on ongoing compliance

✔ Strategic Setup Guidance

• Board structure recommendations
• Operational considerations
• Foundation best practices

Why This Matters

A Private Foundation is not just a charitable entity—it’s a financial and legal structure.

When set up correctly, it allows you to:
✔ Maintain control over your charitable giving
✔ Create multi-generational impact
✔ Take advantage of tax-efficient giving strategies
✔ Build a formal philanthropic platform

When set up incorrectly, it becomes a burden.

Who This Is For

This service is ideal for individuals or families who:

• Want to establish a private family foundation
• Plan to contribute significant charitable funds
• Value professional structure and compliance
• Prefer a done-for-you experience
• Want to avoid costly mistakes

The Value of Getting It Right the First Time

Fixing a poorly structured foundation later can cost:

• Thousands in legal and accounting fees
• Months of delays
• Additional IRS scrutiny

For $9,500, you get:

• Expertise
• Efficiency
• Peace of mind

This is an investment in doing it right from day one.

Why Hibard Group

At Hibard Group, we specialize in:

• Nonprofit and Private Foundation formation
• Compliance and governance
• Real-world, practical implementation

We don’t just file paperwork—we build foundations that work.

Limited Capacity

Due to the high-touch nature of this service, we only take on a limited number of foundation clients at a time.

If you’re considering starting a Private Foundation, now is the time to move forward.

Start Your Private Foundation Today

Build something meaningful.
Structure it correctly.
Leave a legacy that lasts.