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Private Foundation Accounting, Audit & Tax Services

Helping private foundations stay compliant with IRS tax rules, accounting standards, and regulatory requirements.

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Private Foundation Accounting & Tax Compliance

Managing a private foundation requires careful attention to complex tax laws, accounting standards, and ongoing compliance obligations. Our firm specializes in private foundation accounting, audit, and tax compliance services — helping foundations maintain full IRS compliance, avoid costly penalties and excise taxes, strengthen financial transparency and governance, and support board members with clear, actionable reporting. From Form 990-PF preparation to financial statement audits and excise tax planning, we provide comprehensive support tailored to private foundations, family foundations, and grantmaking organizations.

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How We Help Private Foundations Succeed
  • Maintain full compliance with IRS private foundation rules
  • Avoid costly penalties and excise taxes
  • Strengthen financial transparency and governance
  • Support board members with clear, actionable reporting
Sutton Frost Cary CPAs meeting with a private foundation client

Our Private Foundation Services

We offer a full range of accounting, audit, and tax services for private foundations designed to keep your organization compliant, transparent, and well-governed.
  • Financial statement audits in accordance with GAAP and nonprofit auditing standards
  • Outsourced accounting and bookkeeping services
  • Self-dealing and excess business holdings analysis
  • Preparation of Form 990-PF and Form 990-T
  • Private foundation excise tax calculations and planning
  • Minimum distribution requirement (5% rule) compliance
  • IRS audit support and representation
  • Internal control evaluations and risk assessments
  • Nonprofit governance and best practice advisory
  • Board and audit committee reporting and communication
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Meet Our Private Foundation Specialists

Our private foundation practice is led by experienced CPAs who specialize in nonprofit accounting, audit, and tax compliance. You'll work directly with senior professionals who understand the complexities of Form 990-PF, excise tax planning, and foundation governance.

KIM CRAWFORD, CPA
Kim Crawford
CPA – Partner
Elizabeth Arnott
Elizabeth Arnott
CPA, Nonprofit Tax Manager
Ileana Esparza
Ileana Esparza
CPA, Nonprofit Tax Manager
Meet The Whole Firm
Reviewing private foundation tax filings and Form 990-PF compliance

Private Foundation FAQs

Answers to common questions about private foundation tax filings, compliance obligations, and audits.

What tax return does a private foundation file?
What taxes do private foundations pay?
What is the minimum distribution requirement?
What is self-dealing in a private foundation?
Do private foundations need an audit?
What are common private foundation compliance risks?

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Working Hours: Mon-Fri (8AM-5PM)
817.649.8083

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