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.