Proper recordkeeping is essential for efficient foundation operations, legal compliance, and smooth audits. An organized system ensures easy access to critical documents, reduces clutter, and protects your foundation’s history. Although maintaining records might seem like a time-consuming task, investing thought and effort into a clear and practical system will save time and prevent headaches in... Read More
What Is the Nonprofit Sector? The nonprofit sector encompasses institutions and organizations that are neither government nor business. A nonprofit exists to benefit the public and operates without the intent of making a profit. Any revenue generated is reinvested into the organization to support its mission or charitable purpose rather than distributed to shareholders, as... Read More
Is your board covering all the bases of good governance this year? A comprehensive checklist of annual board tasks ensures your foundation remains up-to-date and on track. By including legal obligations and governance best practices, this checklist serves as a valuable guide for established foundations (not start-ups). While some tasks are legally required, others are... Read More
When disaster strikes, it can be overwhelming to know how best to help. As a funder, you want to ensure that your contributions make a real difference in both the short and long term. Experts and experience have shown that the most effective grantmaking in disaster situations follows four key principles—Connect, Collaborate, Consider, and Communicate.... Read More
Did you know that one in four American adults has a disability? Ryan Easterly, Executive Director of the WITH Foundation and co-chair of the Presidents’ Council on Disability Inclusion in Philanthropy, reminds us of the importance of this issue: “Whatever your mission is, you’re not doing it effectively if you’re not including a disability lens. Disability... Read More
Managing a private foundation with staff requires more than just focusing on its mission; it also demands careful attention to human resources. By addressing key HR questions, you can ensure your foundation is legally compliant, ethically sound, and a positive place to work. Below is a checklist to help guide your HR practices. Advisors and... Read More