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
We encourage Exponent Philanthropy members to consider TriNet, a new partner that offers HR solutions (including health insurance) for small organizations. Members save 20% or more on all TriNet’s services, which include payroll, risk and compliance, insurance, health care savings accounts, and flexible spending accounts. Read more about the TriNet member benefit >> Read More
Here are some great resources from our online library to get you started: Understanding Nonprofit Financials Red Flags in Nonprofit Financials How to Read Potential Grantees’ Financial Statements What Makes an Effective Nonprofit Streamlining Your Financial Due Diligence Read More
An executive director of a small-staffed foundation juggles many roles: strategic grantmaker, convener, collaborator, and, at times, board wrangler, media spokesperson, technical assistance provider, mediator, and the list goes on. This article will get you thinking about what should be included in your foundation’s executive director job description and link you to several sample executive... Read More
It is becoming increasingly common for foundations to consider closing shop. Although the reasons you’re contemplating this option may be straightforward, the process of closing can be complicated. Download our publication Closing Shop: When Small Foundations Get Out of the Foundation Business to better understand the options and strategies for spending down effectively. You’ll find... Read More