Frequently Asked Questions about Foundations

1.  Who can start a Foundation?
The short answer is anyone that has a desire to establish a charitable donation program.

2.  How much does it cost?
A foundation by Colson, Sawyer & Associates costs only $300 (application and filing fee)

3.  How much does it cost to maintain a Foundation?
This costs varies.  However, Colson, Sawyer & Associates charges 10% for each donation to the funds it manages.  This fee covers administration and funds management expenses, which includes directed disbursements to designated charity recipients (such as scholarship awardees).

4.  How long does it take for an application to be approved?
Generally, you should allow for a week. 

5.  How can I apply to have Colson, Sawyer & Associates administer my Foundation?
Just give us a call.  We'll have you complete the necessary application.  Once your application has been approved by the board (allow 7 days), Colson, Sawyer & Associates will set up a program tailored to your needs.

6.  How long does it take for funds to be disbursed from my Foundation?
Colson, Sawyer & Associates will issue a check within 24 hours of receipt of your written request.  All disbursements requests will be verified.

7.  How do I ensure my Foundation is in legal compliance at all times?
If Colson, Sawyer & Associates administers  your Foundation, we will handle all the "paperwork".  This includes, but is not limited to, receiving all donations, making approved disbursements, sending receipts for charitable donations, Foundation related accounting, and ensure state and federal laws conformance.  

8.  How do I raise funds?
Colson, Sawyer & Associates will provide you with a packet of fund raising ideas and suggestions which cover all aspects of the fundraising challenge.  This is the fun part.  We will serve as advisors and assist you through each phase of your fundraising project.

9.  How do I obtain merchandise for my Foundation, such as T-shirts and ball caps?
Through its network of partners and associates, Colson, Sawyer & Associates can design, produce and deliver an array of specialty items specifically tailored for your Foundation....all at a very modest and reasonable cost.

10.  What qualifies as an "acceptable" charity?
Practically any program that provides unpaid assistance.  Colson, Sawyer & Associates will not administer programs that promote violence or the use of illegal drugs.

Got more questions?  Contact us and we'll be happy to assist you in your charitable endeavors.