According to the Act, entities that meet certain criteria are eligible, including that they have seen a drop in gross receipts of at least 50 percent in the first quarter of 2020 compared to the first quarter of 2019. Does that mean that a drop in the market value of a foundation’s endowment could potentially... Read More
No, a change in the foundation excise tax enacted late last year will make it an easier decision for foundations to increase their payout rates. Previously foundations that paid out at a higher rate than the previous five years were required to pay a 1 percent excise tax, and those that paid out at a... Read More
The National Council on Nonprofits has gathered a number of resources to help you and your grantees understand the relief bills and what they mean for nonprofits, including webinar recordings, slide decks, graphic illustrations, and more. We encourage you to share those you believe will benefit your grantees. Read More
As funders move to teleconference and videoconference solutions in response to COVID-19, many questions emerge around the protocols surrounding these solutions and how to prepare board members to use them. This email was sent by staff of the Peggy and Jack Baskin Foundation before its board’s first Zoom meeting: Dear all, I hope you doing well... Read More