It’s always a good policy to have a grant agreement with grant recipients. Not for when the grant goes well, but rather, for when it doesn’t. With a grant agreement in place, it is easier to: Monitor a grant for performance according to the application See if anticipated outcomes are achieved Receive reports from the... Read More
Discretionary grantmaking is a flexible approach that allows certain individuals—typically board members, and sometimes committee members, family members, or staff—to direct a portion of the foundation’s grant dollars toward organizations or causes they personally support. This type of grantmaking gives those individuals the autonomy to make funding decisions based on their personal interests, knowledge, or... Read More
From a tax law perspective, a private foundation may pay “reasonable and necessary” administrative expenses—and count them toward its annual distribution requirement—without subjecting the foundation or its managers to a penalty tax. These expenses must be (a) related to the accomplishment of the foundation’s charitable purposes, (b) related to its investments, or (c) payments of... Read More
Our community’s Annual Conference is designed specifically for and by lean funders—those who give with few or no staff. We are a genuine community that supports and inspires each other even through difficult times. Exponent Philanthropy is where you can let your guard down and talk about the challenges and issues affecting the communities and... Read More
An “expenditure responsibility” grant is a grant to an organization that is not a charity as defined in section 509 of the Internal Revenue Code, but that is made for a charitable purpose. An example would be a grant to a Rotary Club (a Section 501(c)(7) organization, which is not a charity) to be used... Read More
Yes! View conference details including schedule, registration, and volunteer opportunities >> Read More