Mentorship is an elusive idea. Magazines are full of advice on building and maintaining most kinds of relationships (employment, marriage, parenting), but there are few road maps for finding and nurturing mentorships. This despite the fact that most, if not all, leaders will include the support they received from mentors as part of their recipes... Read More
What is a net grant and why does it matter? Well, time is money and grantees incur costs while applying for grants. For instance, think about how long it could take a nonprofit to customize their financial documents to your specifications, and language to your unique questions and formatting. According to Project Streamline, nonprofits can... Read More
A family private foundation creates a structure for charitable giving and a lasting legacy for the family, but it also comes with administrative burdens. Stephanie Yan, GHJ Managing Director and Private Foundation Practice Leader, talks to Pegine Grayson, Senior Vice President/Client Advisor, Director of Philanthropic Services at Whittier Trust, about the mundane but essential tasks... Read More
Imagine you are running your first marathon. Coming up on the final mile, your energy is flagging, but you know you can make it. Then, all of a sudden, you see a sign that reads “Finish line 4 miles ahead.” Whether you could physically make it or not is beside the point now. Your mental... Read More
Funders create charts and graphs—visualize their data—for different audiences and different purposes. Sometimes funders serve as unbiased disseminators of data as-is; other times they seek to tell a story—and fast. It’s not that one method of data visualization—as is vs. storytelling—is better or worse. But it is up to you to figure out when your viewers expect each style and... Read More
Producing audit-ready financial records for a private foundation can be an intimidating task—even for financial professionals. With fiscal year-ends that may differ from a calendar year (they do at roughly 50% of private foundations according to Thomas F. Blaney, CPA, CFE and partner, director of foundation services at PKF O’Connor Davies)—there often is no simple 12-month... Read More