Foundation and Endowment Management and Administration

For generations, foundations, endowments, and charitable trusts have sought our guidance and experience to help them accomplish their philanthropic mission. Hemenway Trust Company helps foundations develop and implement sound investment strategies and together with Hemenway & Barnes LLP, provides corporate trustee and other key advisory services such as:

Financial Oversight

Investment management
Impact investing
Tax planning
Tax return preparation
Budgeting and financial planning consistent with foundation goals (preservation of corpus, spend-down, program-related investments)

Governance and Compliance

Formation, application for exemption, state and IRS filings, and compliance oversight
Advice regarding roles and responsibilities of directors and trustees
Gift structuring

Organization and Planning

Needs assessment and strategic planning to develop philanthropic focus areas
Research and reporting on specific areas of client interest
Continuity planning for family philanthropy
Guidance on charitable giving trends

Operations

Grantmaking services
Grant administration and compliance
Meeting planning and facilitation
Training for trustees or next-generation board members
Program and administrative staffing
Executive search
Communications - developing publications, websites, and other public-facing materials

Planned Giving

Establishing and administering planned giving programs
Advising on legal issues in gift administration, including endowments, donor privacy, and gift restrictions
Representing nonprofits in specific gift transactions, including charitable remainder trusts, charitable gift annuities, and charitable lead trusts
Conducting due diligence and risk assessment for charitable giving

Many of Hemenway Trust Company’s professionals serve as directors and trustees of charitable organizations. This gives us valuable insight on and deep understanding of the issues faced by our nonprofit clients.

Fourth Quarter 2013 Investment Update