Exponent Philanthropy Senior Program Manager Sara Beggs spoke recently with two Exponent Philanthropy members with experience in collaborative models: Emily Tow Jackson of the Tow Foundation and Liz Sak of the Cricket Island Foundation. Tow Jackson has an extensive history with cross-sector collaboration to change the juvenile justice systems in Connecticut and New York. Sak... Read More
To create change, you first have to “create an open will to change,” says Kelly Medinger of The Marion I. & Henry J. Knott Foundation in Baltimore, MD—a will that is built on at least three elements: Trust—One study suggests that emotional involvement is the strongest predictor of one’s commitment to change. Emotional involvement, in... Read More
Nonprofit sector collectively describes the institutions and organizations in American society that are neither government nor business. Nonprofit is a layperson’s term describing a range of organizations—including private foundations—that contribute to the public good. The nonprofit sector in the United States contains more than 1.5 million nonprofit organizations comprising at least 7% of the U.S.... Read More
Whatever your family’s goals for its giving, these tools and practices can help along the way. Working with consultants Beyond tax, legal, and investment matters, consultants can help your family in a variety of areas, including: Strategic planning, such as crafting a mission statement or planning for evaluation Board development, such as creating policies or... Read More
Foundations can take different approaches to rebalancing a portfolio, whether driven by the market, performance, or the calendar. Calendar or periodic rebalancing at specified times (monthly, quarterly, or annually)—Rebalancing can be set to return to a specific target allocation each time. It also can be set to return to an allowable range within a set... Read More
Private foundations are subject to several sections within the Internal Revenue Code (IRC). The following list is not comprehensive but addresses eight sections that will guide foundation managers throughout the life of the foundation: Section 4940 imposes an annual excise tax on a private foundation’s net investment income. Foundations will need to pay taxes on... Read More