There truly is nothing mysterious or glamorous about convening: It simply means gathering a group of people around a clear, common purpose. Yet, many consider this straightforward tool to be a funder’s most underrated one. Some Exponent Philanthropy members doubt they have the expertise. However, with the freedom and flexibility to make things happen fast, small-staffed funders... Read More
Consider a foundation with assets of $10 million. A foundation of that size would be required to disburse $500,000 annually to satisfy the 5% distribution requirement. Although you are (hopefully) carefully working to decide who gets what portion of this $500,000, the remaining $9.5 million also needs your attention. $9.5 million. If the sheer size... Read More
At meetings, your board does the bulk of its work for your foundation, so it’s important to make every meeting count. Your board may be fulfilling its mission and managing its responsibilities, but if board meetings start and finish late, if trustees aren’t prepared, or if there never seems to be enough time to get... Read More
Collaboratives offer funders the opportunity to: Exchange information and best practices. Leverage grantmaking and streamline efforts. Work on a larger scale in terms of dollars or visibility. Share risks and opportunities. In some cases, fund jointly. Is a funder collaborative right for you? Read on. Funder collaboratives defined Each of three types of funder collaboratives... Read More
Any private foundation can make scholarship grants directly to individuals if it receives advance approval from the Internal Revenue Service; the foundation can file. the Schedule H form to request this approval. If the recipient is chosen by an independent entity (e.g., college or community foundation), advance approval is not needed. George and Mary Josephine... Read More
When it works, collaboration in any form is a powerful tool for enhancing organizational capacity. It can keep lone organizations strong and sustainable over time. In a sector in which services often are duplicated, collaboration can streamline efforts and produce better results. In his report Real Collaboration: A Guide for Grantmakers, David La Piana lists... Read More