Compensation for Routine Board Service All foundations rely on trustees for leadership, oversight, and planning. But many lean foundations also rely on trustees for a considerable amount of the labor needed to run a foundation. To acknowledge the crucial role that trustees play in their governance and operations, some foundations compensate members for routine board... Read More
Yes, see this recent blog from Foundation Source: Adapting Your Grant Approach Series: Tips for Funding Returning Grantees. Read More
A key to completing or reviewing a private foundation’s Form 990-PF is to have the required source documents available and organized before you start—even if you are hiring someone to complete the form for you. For easier access to what you need, it can be helpful to categorize expenses in certain ways and keep certain... Read More
Yes, self-dealing rules affect whether foundation staff, trustees, donors, and family members may attend nonprofit events at the foundation’s expense. Download our How to Avoid Self-Dealing Primer and refer to pages 14 and 15. The Primer features valuable guidance on many other common self-dealing issues. Need expert legal advice? Consider Exponent’s SignaturePLUS Membership and get up... Read More
A request for proposal (RFP) lets you compare investment service offerings, performance, fees, and other value-add services. To learn more, check out this recent blog: Investment Management Request for Proposals: Everything You Need to Know » Read More