Q&A's Archive - Page 31 of 42 - Exponent Philanthropy

Q&A Archive

Can you remind me of the rules governing foundation grants to individuals?

Private foundations may grant to individuals in four permitted ways, with different recordkeeping and Form 990-PF reporting requirements for each. Each way is described below, and you can read more in our publication Legal Essentials for Small Foundations and in these articles: Giving to Individuals Through Scholarships and Loans: Five Foundations Share Their Strategies Setting Up... Read More

Does Exponent Philanthropy have sample language for travel reimbursement policies?

We do! Private foundations are permitted to pay for or reimburse ordinary and necessary expenses incurred in carrying out their activities, including the costs of travel by trustees. Your board can state its reimbursement policy clearly and in writing, and include the following: Require that travel on behalf of the foundation be undertaken in a cost-effective... Read More

What does a typical grant application look like?

We encourage funders to right-size their grant applications to reflect grant size, grant type, and any existing relationships with applicants. The article Right-Sizing Your Requirements includes sample grant applications provided by Exponent Philanthropy members. When designing your grant application, you may also find these articles helpful: Creating Grant Guidelines Communicating With Grantseekers The Advantages of Online... Read More

What are some of the most common self-dealing abuses?

The self-dealing rules are very complicated and can be quite frustrating for private foundation managers, as self-dealing can arise in many seemingly innocuous situations. Because of the complexity of these rules, foundation managers should consult counsel any time they are contemplating a transaction with a disqualified person. Read on for some of the most common... Read More