Get up to speed on foundation essentials by attending the following 2024 conference sessions: Thursday, November 14, 2024 10:30 AM – 11:45 AM SESSION: Foundations 101: Intro to Philanthropy and Foundation Administration After a brief overview of the nonprofit sector and where foundations fit in, we’ll dive into key administrative pieces of getting a foundation... Read More
1. Administrative Expenses As an initial matter, all administrative expenses must be “reasonable and necessary” to count toward the distribution requirement. “Reasonable and necessary” expenses are those that are directly attributable to running your foundation’s charitable programs, such as reasonable personnel and overhead costs, fundraising expenses, travel for site visits, and accounting and tax services.... Read More
Yes. In the 2024 Foundation Operations and Management Report, nearly three-quarters (73%) of participating foundations had paid staff. The average number of paid staff was 3, whereas the median was 2. The average number of paid staff has not significantly differed over time. Moreover, foundations with assets of $200 million or more had a larger... Read More
As a member, you have access to a number of technology discounts. Find them here » Read More
You can find the agenda and session descriptions for the 2024 Annual Conference here » Read More
According to nonprofit corporation law, a foundation director or trustee must meet certain standards of conduct and attend to his or her responsibilities to the organization—otherwise referred to as the duty of care, duty of loyalty, and duty of obedience. Many organizations circulate an explicit code of duties and responsibilities. On taking office, trustees review... Read More