Thornton & Fathy LLP has a fully-staffed operations team, which enables the
Foundation sponsor to focus on his or her charitable interests, not on
burdensome regulations and paperwork.
OUR SERVICES ARE:
- Establish Non-Profit Foundation
- Setup Pre-Tax Planned Gift to your Foundation
- Website development & support
- Public & Community Relations (charitable request)
- Sports Camps (football, basketball, baseball, boxing)
- Signature Scholarship Dinner
- Motivational Speaking Opportunities
- Corporate Financial Matching Program
- H.E.A.T. Mentoring Program
We make sure that your Foundation meets all of the necessary legal and
technical requirements complimented by “Top Notch” event planning. We can help
you create and manage a private, charitable Foundation that can be personally
rewarding and beneficial to your community. Use your Foundation to make
tax-free gifts to places of worship, schools and charities qualified by the
IRS under Section 501(c) (3). Basically, you can choose to send these dollars
to the Federal Government in Washington or set up your Foundation and
keep your money in your community, benefiting your future
generations in your name forever. Our services are:
- Consult on foundation formation and ongoing management.
- Provide all initial services to form a nonprofit foundation, including
filing of articles of incorporation, development of bylaws, IRS application
and tax exempt application and filings.
- All accounting, including banking, payment of all expenses, tax reports
and filings.
- Develop the foundation board of directors/trustees and arrangements for
required meetings.
- Establish the advisory board and the framework for donation
applications.
- Develop and report on annual budgets.
- Coordinate investments, working with an independent investment advisor.
- Develop and manage foundation fund-raising methods including complete
operation of special events such as concerts, golf tournaments and others.
- Screen all requests for personal appearances relating to the foundation
or other charitable events.
- Work in concert with celebrities’ agents or other representatives.
- Conduct all ongoing administration of the business of the
foundation.
- Provide all financial management services including regular monthly
financial reports.
H.E.A.T. Mentoring Program
- Health – educating youth in dietary wellness and injury
prevention through the “Think First” workshops.
- Education – encouraging youth to peak performance in academic
studies in K6 – K12
- Anger Management– therapeutic training in anger management
control strategies to reduce violent behaviors
- Training – physical fitness readiness for sports participation in
baseball, basketball, football, and boxing.
This process in based on industry standards in “Mentoring Programs” for
matching professionals and youth who share a common sports interest. Mentee’s
will also have the opportunity to partake in sports camps, scholarship
dinners, and other recreational activities sponsored by professional athletes.
Corporate Matching Program
Our “Corporate Matching Program” allows businesses to participate in
financial matching funds with professional athlete’s Foundations”. By this,
funds are matched $1 for $1 with a athletes efforts as a tax deferred
contribution.
The benefit of participating is each athlete’s foundation has planned
signature events (camps, scholarship dinners, community events, etc.), which
will promote your business as a recognized co-sponsor for media and marketing
advertisements.
Cost Analysis:
With the assistance of Thornton & Fathy LLP, forming and operating your own
foundation is not as costly as you might think. We are committed to the
success of each foundation under its management. Towards this end, it has
developed a fee structure that links its success to the success of the
foundation. Simply stated, we are motivated to do well for your foundation by
generating contributions from sources other than the primary donor in a
“Corporate Contributing Match Program”.
While the specific fee arrangement for any particular foundation will be
determined on a case-by-case basis with factors such as the goals and
objectives of the foundation taken into consideration. Aside from startup
fees, the initial capital contribution made by the donor will not be subject
to management fees.
Startup fees include all costs required for the complete formation of the
foundation including legal, tax and accounting and typically range between
$3,700 to $5,000.
In many cases, depending on the celebrity/athlete’s public status and
individual commitment to the purpose of the foundation.
In fact, in most cases, Thornton & Fathy LLP will earn its professional
fees based solely on its performance in advancing the interests of the
foundation. We are a profit-making business established to provide
professional services to non-profit entities and like all businesses, we must
derive revenue and earn a reasonable profit. However, unlike most of our
competitors, we earn a good portion of our fees based on our ability to
generate outside funding to advance the interests of the foundation. Each
client (foundation) is different and unique unto itself, as are the fees and
expenses we charge.
For specific information of fees and expenses, please contact our office
for a free
1-hour consultation.
