Having an investment policy statement is not enough. Clarity and consistency are essential to its value and efficacy. Clarity One of the most common failings of an IPS is the use of ambiguous or undefined terms. As a result, statements that are meant to protect assets and guide the investment process may do more harm... Read More
As an employer, you are responsible for documenting that your employee is eligible to work in the United States. To do this, the employee must complete Immigration and Naturalization Service Form I-9, Employment Eligibility Verification. You, the employer, must keep this form on file for as long as the employee works for you. For small... Read More
Most foundation files of any significance should be kept a minimum of 3 years. That can add up to a lot of paper! Here are filing and storage tips: Give some thought to and take time setting up your filing system. Ultimately, you’ll waste less time and save yourself a lot of space. A good... Read More
See our Sample Document Emergency Succession Plan. This is a plan for contingencies due to the disability, death or departure of the Executive Director. 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
A private foundation can pay family members reasonable compensation for reasonable and necessary services to the foundation as an exception to the private foundation self-dealing rules. Reasonable Compensation The IRS defines reasonable compensation as the amount typically paid for similar services in similar circumstances. There’s no exact formula, but consider the foundation’s size, grants, methods,... Read More