Most foundations share basic activities, and most executive directors have common responsibilities; therefore, it is possible to use a generic executive director job description as a template and adapt it to fit the needs of your foundation. Generally, a template should be used only after you have determined what tasks should be completed by trustees,... Read More
Whatever the terminology, a smart investment is one that matches the right kind of capital to the problem you are seeking to solve. If the desired result is solely programmatic, a grant will do. To capitalize a social or environmental initiative while preserving assets for future uses, consider a program related investment. To further mission... Read More
Depending on your foundation’s needs and budget, annual reports can be a short, typed document listing the year’s grants or an elaborately designed and printed publication. Some foundations hire communications consultants to write their annual reports; others do it in-house, typed as a simple one- or two-page letter. Annual reports don’t have to be lavish... Read More
Should small foundations use social media? Increasingly, the answer is yes because grantees, colleagues, and thought leaders are having important conversations online. But, for small foundations with few or no staff, dipping your toes into social media may feel daunting at first. Technology changes so fast, and it’s hard for even tech-savvy types, much less... Read More
Giving circles have often been called do-it-yourself philanthropy because of their flexible and customizable structures. They are part of a long tradition of collective giving, which, over time, has included mutual aid societies in many immigrant communities and voluntary groups, such as fraternities and sororities, the Rotary Club, and Lions Clubs. Giving circles also have... Read More
The primary purpose of financial statements is to communicate the financial health of the grantee. A non-accountant should be able to understand a well- written statement. The balance sheet, a statement of position, views a grantee on a specific date. The income statement, a statement of activity, looks at a year’s operating activity. The statement... Read More