Resource Search Results - Exponent Philanthropy

Resources

Results for:   Topic: “Tax and Legal”  

How to Start a Private Foundation

Do you want to learn how to start a private foundation? Private foundations can provide significant benefits to individuals, families, and companies, if operated correctly. They also provide tax benefits to taxpayers and enable them to build a long-lasting tradition of charitable giving. Generally, a Private Foundation Has 4 Characteristics: It is a charitable organization;... Read More

Legal Essentials for Small Foundations

Managing and running a foundation is fantastic work. However, in addition to the joy of grantmaking comes the critically important task of complying with a myriad of tax and other laws governing grantmaking, investment strategies, and public disclosures, to name just a few. This primer summarizes important laws that are relevant to running a foundation.... Read More

Inviting an Audit

As managing director of a small family foundation, I had often wondered what would happen if the Internal Revenue Service (IRS) or the state attorney general came knocking on our foundation’s door. Would we be prepared for an audit? Would the foundation be in compliance with legal and tax reporting requirements? Did our original organizational... Read More

Recordkeeping Requirements and Tips

Most foundation files of any significance should be kept a minimum of 3 years. That can add up to a lot of paper! Here are filing and storage tips: Give some thought to and take time setting up your filing system. Ultimately, you’ll waste less time and save yourself a lot of space. A good... Read More