How much does it cost to run the Foundation?

You must donate 5% of the fair market value and pay $500-5k in fees based on several factors.

Setup Fees

The Foundation has initial filing fees that start around $1500 based on a variety of factors (ex: location, size of Foundation).

Maintenance Fees

These include things like a registered agent, Franchise tax filings, and taxes. These vary in price based on location and we will give you an exact invoice.

Optional fees include things like payroll services, tax returns, and bookkeeping.

Mandatory Donation

You also need to donate a minimum of 5% of the Foundation's value to charity each year. This amount is calculated on a 13-month average based on the fair market value of any assets or funds held within the Foundation.

Most of the fees listed above can be applied toward the 5% Foundation donation.