Who are this year’s Outsized Impact Award finalists?
These three inspiring leaders are transforming their communities through bold, creative philanthropy. Meet the finalists and read their stories » Read More
Q&A Archive
What happens if a trustee stops showing up?
The The Trustee Handbook provides sample policies for these situations: Some boards state that if a trustee misses three consecutive regular meetings, they are considered to have resigned—unless reinstated by a board vote. Other policies cover sensitive scenarios such as divorce or family disputes, spelling out when a spouse or relative no longer qualifies as a... Read More
Can a foundation make loans to nonprofits?
Yes, these are referred to as program-related investments (PRIs). They’re financial tools that resemble loans or investments but are designed to advance a charitable purpose, rather than generate a profit. Examples include: Low-interest loans to help a nonprofit buy equipment or bridge a funding gap. Loan guarantees that make it easier for nonprofits to access... Read More
Can a foundation pay for board meeting expenses with foundation funds?
Yes. Foundations may use their assets to cover reasonable meeting expenses—such as meals, travel, or lodging—but there are limits: If the entire meeting focuses on charitable activities (like reviewing grant proposals or discussing community needs), these costs can count toward the 5% payout requirement. If any part of the meeting involves investments, that portion of... Read More
Why should a foundation consider liability insurance for trustees?
In today’s litigious environment, even small foundations can face lawsuits. General liability insurance covers basics like accidents, property damage, or theft, but it doesn’t protect board members against claims of mismanagement. That’s where Directors & Officers (D&O) liability insurance comes in. A strong D&O policy can cover legal defense costs, claims of conflicts of interest,... Read More
Do you have any blogs reflecting on last year’s annual conference?
Yes! Check out Extraordinary Giving in Extraordinary Times by our CEO, Paul D. Daugherty. In this post, Paul shares reflections from our 2024 Annual Conference in Austin, TX, where lean funders from across the country came together to discuss giving courageously, centering people in philanthropy, and collaborating for greater impact. It’s an inspiring recap of... Read More