Taxable expenditures are grants or expenditures made by a private foundation that are either prohibited, or in Internal Revenue Service (IRS)-specified areas without following the strict IRS rules. The following list provides brief descriptions of those expenditures that are completely prohibited; the list after that provides additional requirements to avoid being taxable expenditures. The following... 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
In the wake of the dramatic economic downturn in 2008, Exponent Philanthropy heard the following from our conversations throughout 2009 with nearly 400 foundation members: Members stayed the course—Although most members shared concerns about the economy and discussed changes at their foundations in response, they also spoke of business as usual—or, to the best of... Read More
For many Exponent Philanthropy members, grants management software is a huge timesaver. It can allow you to receive grant applications and grant reports online, manage online proposal reviews, and track your grants all in one place. The best system is one that will save your foundation and grantees the most time, energy, and stress, and... Read More