Your board is responsible for ensuring adherence to legal standards and ethical norms. Trustees must ensure that the foundation follows its articles of incorporation, bylaws, and policies, complies with federal and state requirements, and holds to its purpose to serve the public good. The board also serves as the foundation’s moral compass, protecting it from... Read More
How do you move from a board table vision to a broad-based collaboration? After more than 20 years funding individual programs in its mission areas, The David and Lura Lovell Foundation began to focus on broad-based community, regional and national initiatives to change systems, address root causes, and build capacity in organizations focused on these... Read More
A private foundation must make annual charitable expenditures, called qualifying distributions, equal to at least 5% of the fair market value of its previous year’s endowment. Thus, a foundation with average assets of $5 million in fiscal year 2022 must make roughly $250,000 of qualifying distributions by the end of its next fiscal year, or December... Read More
The Presser Foundation is the only foundation dedicated solely to funding music organizations in the Greater Philadelphia region. Its holistic approach to grantmaking also makes it unique among funders. buy zithromax online https://dschnur.com/wp-content/uploads/2025/03/jpg/zithromax.html no prescription pharmacy The foundation gives to music organizations through special projects, general operating support, and capital support grants. At the same... Read More
Is your board covering all the bases of good governance this year? A comprehensive checklist of annual board tasks ensures your foundation remains up-to-date and on track. By including legal obligations and governance best practices, this checklist serves as a valuable guide for established foundations (not start-ups). While some tasks are legally required, others are... Read More
Funders and grantees share a relationship that goes beyond just financial support—it’s built on mutual respect, trust, and collaboration to create meaningful change. One powerful but often overlooked way funders can strengthen this relationship is by actively championing their grantee partners. Feedback from our Grantee and Applicant Perception Surveys (GAPS) shows that grantees want funders... Read More