A records retention policy is a simple written document—one or two pages—that summarizes your procedures for storing, organizing, purging, archiving, and protecting foundation documents and fulfilling public reporting requirements. A records retention policy typically includes the following information: What documents you store and how long you store them Where you store different types of documents:... Read More
This sample is courtesy of the Cullen Foundation. Read More
“Few tasks in the foundation world prove as interesting, rewarding, and exhilarating as the site visit,” write the authors of Grantmaking Basics: A Field Guide for Funders. “Site visits can lift your spirits and enliven your day by reminding you precisely why you chose to work in the foundation world.” Make the most of your... Read More
A 501(c)(3) organization is recognized as tax-exempt by the Internal Revenue Service (IRS). Private foundations and public charities are two main types of 501(c)(3) organizations. Public charities are then divided into three distinct categories. As a private foundation, it is important to know which specific category the potential grantee falls into; knowing a grantee is... Read More
10 Ways To Streamline Principles for Peak Grantmaking helps funders reduce the burden of their requirements so grantseekers can dedicate more time to mission-based work. Here are some of their recommendations for streamlining: Right-size applications and reports for small grants. Many foundations ask grantseekers and grantees to complete the same application, regardless of grant size... Read More
Challenge (or matching) grants are great tools for stretching a foundation’s grant dollars, helping a group diversify its donor base, and testing the attractiveness of a project or program for other ”investors.” For any given project, a challenge grant also can give a foundation the stamp of approval that comes from someone else being the... Read More