As funders move to teleconference and videoconference solutions in response to COVID-19, many questions emerge around the protocols surrounding these solutions and how to prepare board members to use them. This email was sent by staff of the Peggy and Jack Baskin Foundation before its board’s first Zoom meeting: Dear all, I hope you doing well... Read More
Your fellow funders are sharing their ideas like those below via our online General Discussion Community. We encourage you to subscribe and join the conversation. Starting Friday March 20 at 2pm ET, and every Friday in the coming weeks, Exponent Philanthropy will host a live discussion for all lean funders to connect around response to the COVID-19... Read More
Private foundation taxable expenditures are grants or expenditures prohibited by the IRS. The IRS prohibits these taxable expenditures: Influencing public elections: There are significant penalties for participating in an election, and this may be grounds for revoking the foundation’s tax-exempt status. Noncharitable activities: A grant or questionable administrative expenditure for noncharitable purposes may subject the... Read More
“Foundations use grant agreements to serve as a contract,” writes Danielle Reyes, executive director of Crimsonbridge Foundation, “typically to confirm details regarding the amount and period of the grant, its purpose, terms and conditions, and required reports and deadlines.” Download sample grant agreements from our Sample Documents Library >> Continues Reyes: Unfortunately, in some cases,... Read More
Small-staffed foundations tend to use one of five models for managing and overseeing their investments: Board does it all model—The board develops the foundation’s investment policy, buys and sells assets, and monitors the foundation’s portfolio. Board and small staff do it all model—The board and a small internal staff—in some cases, involving an internal chief... Read More
Yes! Our online Sample Documents Library is full of samples from your fellow members, organized into three categories: Governance, Grantmaking, and Administration. Want to contribute a sample of your own? Send it to our librarian at info@exponentphilanthropy.org. Read More