January 2025 - Exponent Philanthropy

January 2025 Resources

Annual reports—does our foundation need one?

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Regulatory vs. Voluntary Annual Reports Some states require foundations to file an “annual report” alongside their Form 990-PF to ensure compliance with their charitable purpose. These reports follow state-mandated templates and are distinct from the voluntary annual reports many foundations create for outreach and communication. Why Create a Voluntary Annual Report? A voluntary annual report... Read More

How often is our foundation board required to meet?

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Meeting Frequency Most states require foundation boards to meet at least once a year, though some may mandate more frequent meetings. Check your state’s requirements and schedule additional meetings as needed to effectively oversee your foundation’s work. Other Key Meeting Requirements Notice: States set rules for how much advance notice to give and in what... Read More