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Results for:   Type: “Private Foundations”  

Red Flags in Nonprofit Financials

You can find red flags in a nonprofit’s Form 990 or in its financial statements, as well as in conversation—and many do not require technical knowledge. ShoreBank, a community development bank serving Chicago, Cleveland, and Detroit, provides the following list of red flags. Red flags in financial statements Decrease in annual revenue Decrease in net... Read More

How a Foundation Can Prepare Its Next Generation

Preparing your next generation to participate in a foundation goes beyond understanding the financial responsibilities of foundation giving. Hear the following recommendations from a foundation trustee—based on his personal experience—about preparing the next generation for board service. Several years ago, my family divided our family foundation, The Jules and Doris Stein Foundation, into four equal... Read More

Impact Investing: Q&A With Financial Advisors

To learn about impact investing as an option for philanthropists with few or no staff, Exponent Philanthropy spoke with Adam Seitchik and Bill Marvel of Arjuna Capital, Liz Michaels of Aperio Group, and Tim Coffin of Breckinridge Capital Advisors. What do they recommend for funders who are ready to consider impact investing? Exponent Philanthropy: Impact... Read More

Tips for a Successful Hiring Process

Hiring takes a good deal of time and sometimes money. The more thorough and careful your recruitment process is, the more likely the staff you choose will be successful and long term. Here are several tips: Decide whether to manage the search internally or with outside assistance—If your foundation decides to handle it, designate a... Read More

Expectations of Board Members

Foundation board members are expected to: Set and adjust the direction for the foundation: its mission and goals. Establish principles, policies, and procedures that govern the foundation’s operation and advance its mission. Oversee the foundation to ensure that it operates effectively and efficiently in support of the mission, and that it complies with legal rules.... Read More

Engaging Stakeholders for More Effective Grantmaking

Grantmakers can realize an array of benefits by engaging stakeholders effectively: A deeper understanding of issues and problems A truer sense of grantees’ needs and the challenges they’re facing More effective strategies for achieving the foundation’s mission The risks of not doing this work include frayed relationships with grantees and communities, insufficient understanding of key... Read More