There’s more to recordkeeping than meets the eye. Some foundations have discovered that good recordkeeping helps them improve their grantmaking and stay informed in their communities. In search of trends The Vine and Branches Foundation goes beyond the rules of recordkeeping. It uses records to assess where the foundation has been and where it wants... Read More
A records retention policy is a simple written document—one or two pages—that summarizes your procedures for storing, organizing, purging, archiving, and protecting foundation documents and fulfilling public reporting requirements. A records retention policy typically includes the following information: What documents you store and how long you store them Where you store different types of documents:... Read More
Should small foundations use social media? Increasingly, the answer is yes because grantees, colleagues, and thought leaders are having important conversations online. But, for small foundations with few or no staff, dipping your toes into social media may feel daunting at first. Technology changes so fast, and it’s hard for even tech-savvy types, much less... Read More
Tailoring to Your Needs and Budget Annual reports can take many forms depending on your foundation’s resources and goals: A short, typed document listing the year’s grants. An elaborately designed and printed publication. A simple one- or two-page letter, either created in-house or with the help of communications consultants. Importantly, annual reports don’t need to... Read More
Foundations interested in getting rid of all (or some) of their file cabinets and much of the paper that fills them have many options. There are some simple ways to cut back on paper—and many benefits. It’s not all or nothing, of course. Some offices aim to go completely paperless by receiving and distributing information... Read More
Here, step-by-step, is an overview of everything you need to know, file, and pay to get off to a good start with a new staff person. Classify Every person who receives compensation needs to be classified as an employee or a contractor. The Internal Revenue Service (IRS) has guidelines (in publication 15-A) to help you... Read More