May 2018 - Exponent Philanthropy

May 2018 Resources

We’re hiring our foundation’s first executive director? Do you have sample job descriptions?

An executive director of a small-staffed foundation juggles many roles: strategic grantmaker, convener, collaborator, and, at times, board wrangler, media spokesperson, technical assistance provider, mediator, and the list goes on. This article will get you thinking about what should be included in your foundation’s executive director job description and link you to several sample executive... Read More

Our board will discuss spend-down at our next meeting. What can you tell me about the process?

It is becoming increasingly common for foundations to consider closing shop. Although the reasons you’re contemplating this option may be straightforward, the process of closing can be complicated. Download our publication Closing Shop: When Small Foundations Get Out of the Foundation Business to better understand the options and strategies for spending down effectively. You’ll find... Read More

What are the best practices for archiving communications/gift agreements from both inactive and active grantees?

Start with our publication Keeping Good Records: Small Foundations’ Guide to Staying Organized. It reviews the recommended documents to keep, and for how long, as well as other tips for archiving and organization. State law may influence how long certain documents should be kept, so you should check the requirements for your state as well.... Read More

Is it self-dealing for our private foundation to invest in the same funds as our board members?

Private foundations, or PFs, occasionally consider making investments in vehicles in which one or more of their disqualified persons, or DPs (e.g., officers, directors, substantial contributors) also have invested or also are considering an investment. A handful of IRS private letter rulings address the issue of co-investment and self-dealing, allowing us to extract the key... Read More