Family Office Administration

Ensure our clients are equipped with essentials for budgeting, compliance, recordkeeping and account management.

Situation Overview

A private family foundation wants its board members and staff to gain a more complete perspective on long-range budgeting in order to allow informed decision-making on both operational spending and grants. They also want to see how today’s decisions might impact the longevity of their foundation and its mission.

Solution

Threshold and the foundation staff collaborate to create a multi-year budget encompassing program costs, investment goals and market rates of return. Scenarios are developed to test various program and grantmaking choices. A “dashboard” is developed to communicate an overview of foundation assets and the long-range impact of various decisions. The dashboard becomes a tool to inform decisions on administrative spending, programs and grants.

Outcome

Advisor, staff and board feel better connected and committed to a common goal. Decisions are made with increased comfort and knowledge regarding impact on the future. Triggers are put in place to enact contingency plans in the event of severe market downturns or other operational issues.  Investments, grants and operations are managed in a side-by-side paradigm rather than being perceived as opposing forces.