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Member
Group: Forum Members
Last Login: 11/25/2008 11:02:13 AM
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| This is off topic, but I am not sure where else to look, hence my question: I am the CPA for a private foundation with assets around $15,000,000. Founder is deceased. Foundation makes cash gifts each year around $1,000,000. Does anyone have experience with compensation levels for the managing director/president of the foundation? He is looking for some similar situations and has suggested .0075 of total assets per year. The foundation has no employees. John Rasmussen
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Power Member
Group: Forum Members
Last Login: Yesterday @ 2:34:43 PM
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| I have no idea on the correct amount. It doesn't seem that it would be necessarily related to the amount of charitable gifts given each year. However, all Forms 990 and 990-PF are posted on the web. You should be able to get a lot of information that way. Unfortunately whenever I've searched for any, I knew the specific names of entities. I'm not sure how you would know which entites to look for. Maybe you could look at the listings of public charities that print names of supporters to find foundations to look into. Good luck!
Mary Kay Foss
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