Churches, religious organizations, and ministers have special tax laws recognizing their unique status and First Amendment rights. According to the IRS, churches that meet the requirements of Section 501(c)(3) are automatically tax-exempt and do not need to apply for formal recognition from the IRS. Even if your local church doesn’t have documentation, you can still... Read More
The demographics of lean foundation boards and staff show significant disparities in diversity compared to the broader U.S. population. Foundation Boards The 2024 Foundation Operations and Management Report reveals White individuals, who make up 59% of the U.S. population, are overrepresented on foundation boards at 89%, while BIPOC individuals, representing 41% of the population, account... Read More
Certainly! This Table of Contents offers you a guide for creating your own Operations Manual for your leanly staffed foundation. The creators intended it to be customized for your specific foundation size, culture, ways of operating, values, and practices. Read More
Yes! Exponent is holding a 990-PF Pre-Conference Tax Seminar on November 13, 2024, in Austin, Texas. Designed for anyone who prepares or signs a Form 990-PF, this signature seminar will give you a thorough understanding of the 990-PF, the 5% payout requirement, expenditure responsibility, and more. Read More
2025 Outsized Impact Award The Outsized Impact Award celebrates an individual at an Exponent Philanthropy member organization whose giving is creating greater-than-expected results—amplifying impact beyond what their size or resources might suggest. Nominees may demonstrate qualities such as: Acting with agility or responsiveness to community needs Addressing overlooked or unmet challenges Building close relationships with... Read More
Yes! These conference sessions specifically address family foundations: Thursday, November 14, 2024 10:30 AM – 11:45 AM SESSION: Seeking Independent Directors for Family Foundations Many family foundations find themselves ready to bring on an independent, non-family board member to participate in decision-making. Independent directors can add immense value through issue area expertise, lived experience, financial acumen, community... Read More