An Exponent Philanthropy member who serves as foundation trustee and treasurer, as well as a private banker and financial advisor, wrote this advice on transforming foundation bookkeeping. You may also appreciate the tips in the article Form 990-PF: Preparing to File and in these publications: Keeping Good Records: Small Foundations’ Guide to Staying Organized Filing... Read More
Voting by email may be appealing for its simplicity and speed, but many warn that it can be a trap for nonprofit board members. In many states, a board is required to take action at a meeting (in-person or by phone or videoconference), or by unanimous written consent. Some apply mail voting rules (unanimous consent)... Read More
Site visits are one of the best ways to make grant decisions because, in essence, site visits are a living, breathing grant proposal. These visits give you the chance to connect with the organization’s board and staff, discover things that can’t be learned from a written proposal, and clarify information that is important to your... Read More