One question we hear time and time again is: Who is driving racial equity work at leanly staffed foundations? This question often comes from a board or staff member who is interested in racial equity work but does not know how to get their foundation engaged. In our interviews with funders across the country revealed... Read More
The most frequent equity question lean funders ask us is: How do I engage my board in racial equity work? Unfortunately, there is not an easy nor straightforward answer. As we interviewed foundation boards and staff across the country in various phases of equity work, we heard two main approaches to engaging the board in... Read More
We’ve interviewed dozens of lean funders at various points during their equity journeys over the years. Through those conversations, emails, and a review of documents, policies, and practices, we were able to create a rough map of the lean funder’s equity journey. This journey has four phases: Thinking about equity Making policy changes Building trust... Read More
You’ve Decided to Start a Foundation—Now What? You’ve taken the first step in launching a foundation—now it’s time to bring your vision to life. Beyond the legal and financial considerations, defining your philanthropic focus is key to making a lasting impact. This page will guide you through the essentials to help you get started. How... Read More
Building a Strong Foundation Board: A Guide A well-run foundation starts with a strong board, no matter its legal structure. As a board member, you shape policies, set expectations, and ensure good governance. This guide covers essential topics, including: Onboarding new members Understanding key legal responsibilities Differentiating between board and advisory committees Navigating leadership transitions... Read More
Navigating Legal and Financial Compliance Good governance goes beyond best practices—it ensures your foundation meets essential legal and financial requirements. This section outlines key regulations every private foundation must follow, starting with foundation law, IRS requirements, and the 990-PF tax form. You’ll also find guidance on budgeting and critical legal considerations, such as self-dealing restrictions,... Read More