As one who is not far removed from the trials and tribulations of the modern day job search, I know how much an internship can help guide a jobseeker. I can attribute a nonprofit internship in college for guiding me to where I am today. Furthermore, as a Millennial at a small foundation, I yearn... Read More
By Lauren Kotkin, Exponent Philanthropy Foundation trustees gathered last month for our daylong Foundations 101 Seminar, co-hosted by Southeastern Council of Foundations and led by colleague Mary Phillips of GMA Foundations, an Exponent Philanthropy Professional level Sustaining Partner, with support from U.S. Trust philanthropic advisor Mary Stokes and attorney Marc Lane. More than a few points stood out as... Read More
We created the Fund for Shared Insight—a funder collaborative with diverse support from 30 different funders—to increase foundation openness. We believe that if foundations are more open—which we define as how they share about their goals and strategies; make decisions and measure progress; listen and engage in dialogue with others; act on what they hear;... Read More
The term Outsourced Chief Investment Officer (OCIO) has gained popularity in the investment industry as investment consultants, banks, and small wealth management firms are now offering OCIO services to foundations, endowments, and nonprofits. You may be considering this model instead of the self-managed or consultant model used in the past. Below we include the “T”... Read More
Legal insights provided by Arnold & Porter On December 22, 2017, President Trump signed a new tax bill into law, informally referred to as the Tax Cuts and Jobs Act (the “Tax Act”). Although several proposals were dropped from the legislation, the Tax Act contains a number of provisions relating to charitable giving and tax-exempt... Read More
According to a 2014 Center for Effective Philanthropy report, donor satisfaction is key for retaining donors to community foundations. Simply put, “The strongest predictors of donor satisfaction are donors’ sense of the foundation’s level of responsiveness when they need assistance and donors’ perceptions of the foundation’s impact on the community.” Many small-staffed community foundations already... Read More