Whether your board meets once a year or monthly, your meetings will be more effective with a good agenda. A good agenda organizes the meeting so it flows logically, keeps discussions on target, and keeps the meeting on time. A good agenda also makes it easy to create your meeting minutes. Terms to know Agenda—An... Read More
A key to completing or reviewing the Form 990-PF is to have the required source documents available and organized before you start—even if you are hiring someone to complete the form for you. Categorizing Expenses For easier access to what you need, it can be helpful to categorize expenses throughout the year as follows: Administration... Read More
A foundation must deposit all depository taxes (e.g., employment tax, excise tax, and unrelated business income tax) electronically using the Electronic Funds Transfer. Generally, such transfers are made using the Electronic Federal Tax Payment System (EFTPS). If the foundation has not yet used EFTPS, enrollment will be required. After the foundation’s information is validated with... Read More
Simple Actions Family Foundation is a young foundation inspired by decades of family values. My husband, Eric, and I, together with our two daughters in their early twenties, created our family foundation in 2008. We knew from the start that we would be creative about its setup and implementation to reflect the goals at the... Read More
Through two separate grants to the Florida Audubon Society, the Conservation, Food & Health Foundation (CFHF) of Boston supported the work of distinguished sea turtle researcher and conservationist Dr. Peter Pritchard to protect a critical sea turtle nesting beach on the northwest coast of Guyana in South America. Despite 30 years of efforts and the... Read More
What follows are ways in which Exponent Philanthropy members are making the most of their foundations. Is one of these strategies right for you? Fill important gaps As you review proposals, have conversations with community leaders, and participate in the community as volunteers, parents, employers, or employees, keep an eye out for crucial gaps that... Read More