December 2022 - Exponent Philanthropy

December 2022 Resources

What’s expected of foundation board members?

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Foundation board members are expected to: Set and adjust the direction for the foundation: its mission and goals. Establish principles, policies, and procedures that govern the foundation’s operation and advance its mission. Oversee the foundation to ensure that it operates effectively and efficiently in support of the mission, and that it complies with legal rules.... Read More

Do my Exponent Philanthropy membership dues count toward my distribution requirement?

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Yes, your Exponent Philanthropy membership dues can count as a qualifying distribution for your foundation. They are considered an administrative expense that supports your foundation’s charitable work. We recommend treating the dues as an administrative expense rather than a grant. When a foundation makes a grant, it cannot receive any benefits in return. If you... Read More