When funders give general operating support, they invest in a nonprofit’s mission, not just a specific project. This flexible funding allows nonprofits to decide how best to utilize the money, potentially for adjusting salaries, investing in technology, enhancing fundraising efforts, or strengthening their overall operations. It’s about helping organizations stay strong and resilient. Foundations with... Read More
Board Members as Responsible Stewards This article originally appeared in Glenmede’s “Perspectives.” Good governance is at the core of an effective board, no matter the size or complexity of the grantmaking foundation. Sound governance practices help board members be responsible stewards of the assets they oversee and establish a strategic decision-making and administrative framework. Best... Read More
This post originally appeared on The Philanthropic Initiative’s blog. “When philanthropy partners, communities prosper.” This was the guiding mantra that tied together Exponent Philanthropy’s 2023 conference in Baltimore, MD that we attended last fall. From the start, we were energized by philanthropic and nonprofit leaders alike echoing the importance of centering community voice for greater... Read More
Exponent Philanthropy members are making a significant impact, serving diverse communities locally, regionally, nationally, and globally. Recently, I had an exciting few days meeting with over 30 members, partners, and supporters in the states of Oregon and Washington. I began my journey in Portland where participants expressed excitement and appreciation for the opportunity to connect... Read More
For far too long, foundations and philanthropists have stayed out of policy debates. Consequently, many nonprofits supported by these foundations have avoided political involvement to avoid upsetting their donors. However, this silence comes at a cost. Advocacy and Lobbying by Private Foundations Funders can support and participate in advocacy and encourage their grantees to do... Read More
No topic within private foundation rules raises as many questions and concerns as self-dealing. The self-dealing rules prohibit a range of transactions between private foundations and their insiders (called disqualified persons) to ensure that foundation assets are used for charitable purposes rather than private benefit. Common Acts of Self-Dealing The self-dealing rules are broad and... Read More