Working collaboratively in philanthropy is a powerful tool for funders. Philanthropic collaboration can enhance organizational capacity, keeping lone organizations strong and sustainable over time. Similarly, in a sector where organizations often duplicate services, collaboration can streamline efforts and produce better results. Below are ways funders can support nonprofit collaboration as well as collaborate with other... Read More
Policymakers are always at work, making it crucial for foundations to engage with them. By being present, foundations ensure that their concerns are heard. However, many foundations and trustees avoid meeting with elected officials, even though policymakers are eager to hear from them. This blog provides insights on how foundations can effectively participate in the... Read More
How can foundation leaders best advance their focus areas? By developing extensive knowledge and insight. Leanly-staffed foundations hold a wealth of diverse connections with people in their communities, and they can leverage these relationships to gain knowledge and expertise. Insight helps these leaders identify gaps and solutions and address key issues in the smartest ways.... Read More
Have you ever wondered how getting a bunch of people in one room or space could be a game-changer? Well, convening folks with a common goal is powerful. Given their freedom and flexibility to make things happen fast, lean funders are excellent conveners. Yet, many consider this straightforward tool a funder’s most underrated. The Power... Read More
Your board is responsible for ensuring adherence to legal standards and ethical norms. Trustees must ensure that the foundation follows its articles of incorporation, bylaws, and policies, complies with federal and state requirements, and holds to its purpose to serve the public good. The board also serves as the foundation’s moral compass, protecting it from... Read More
Without a doubt, giving plenty of time and thought to your foundation’s recordkeeping system will pay off in the long run. In general, you should keep most foundation files of any significance for a minimum of 3 years. However, this can add up to a lot of paper! For one thing, if space is a... Read More