The Homer A. and Mildred S. Scott Foundation was established in 1982. Mr. Scott came from a modest background in Nebraska, where he graduated from the state university with a degree in civil engineering. Mrs. Scott was a gracious woman with a passion for early childhood, education and literacy. The Scotts created their wealth through... Read More
Our “foundation family” includes teachers, accountants, a doctor, lawyers, business people, executives, software engineers, a photographer, a film producer, and a musician. If you appeal to what people like to do, they are more likely to engage in the limited time they have. We have a host of talents at our disposal; we just have... Read More
Project funding often is more appealing than general support funding because projects are time limited and focused. It is easier to evaluate whether a project has met its goals. In addition, project budgets are smaller than overall organizational budgets, and thus your grant provides a larger percentage of needed funds. Also, new projects make sense... Read More
The field of behavioral finance has been a hot one of late as researchers define precisely the biases we all tend to exhibit as investors. How did behavioral finance originate? About 50 years ago, finance earned widespread respect as an academic discipline firmly grounded in economic models based on the rational behavior of humans. Over... Read More
All foundations rely on trustees for leadership, oversight, and planning. Many small foundations also rely on trustees for a considerable amount of the labor needed to run a foundation. To acknowledge the crucial role that trustees play in governance and operations, some foundations compensate for routine board service, such as attending meetings, reviewing proposals, and... Read More
Less than one-quarter of 1% of all tax returns filed by private foundations are examined by the Internal Revenue Service. Yet, certain states have seen an increase in attorney general inquiries (i.e., audits) into the operations of private foundations and components of the Form 990-PF, which usually accompanies a state filing. Attorney general audits can... Read More