A comprehensive investment policy statement is vital to your foundation sustaining its organizational purpose and achieving its giving goals. The benefits of a well-crafted investment policy statement Strive for an investment policy statement that does more than just checking the box. A valuable IPS goes beyond establishing basic investment guidelines. It delivers other important benefits... Read More
Having an investment policy statement is not enough. Clarity and consistency are essential to its value and efficacy. Clarity One of the most common failings of an IPS is the use of ambiguous or undefined terms. As a result, statements that are meant to protect assets and guide the investment process may do more harm... Read More
Last month, Senators Chuck Grassley (R-IA) and Angus King (I-ME) introduced bipartisan legislation that aims to reform private foundations, and ensure that charitable dollars held in donor advised funds (DAFs) are distributed to working charities in a reasonable period of time. A joint press release states: “Donor-advised funds currently have more than $140 billion set... Read More
As an employer, you are responsible for documenting that your employee is eligible to work in the United States. To do this, the employee must complete Immigration and Naturalization Service Form I-9, Employment Eligibility Verification. You, the employer, must keep this form on file for as long as the employee works for you. For small... Read More
Most foundation files of any significance should be kept a minimum of 3 years. That can add up to a lot of paper! Here are filing and storage tips: Give some thought to and take time setting up your filing system. Ultimately, you’ll waste less time and save yourself a lot of space. A good... Read More
A written job description provides a clear, high-level overview of a position and its responsibilities. At a minimum, it should include the position title and a broad summary of the role. For example: The executive director is the chief executive officer and is responsible for carrying out board policies, engaging with the philanthropic community, and... Read More