For starters, which foundations should consider having a pension plan? One consideration is eligibility: Any foundation that compensates any individuals for their services, whether those individuals are full-time employees, part-timers, or board members, can set up a pension plan for those individuals. Of course, tax-exempt organizations don’t gain the same tax benefits from pension contributions... Read More
Generally, a worker may be classified as an independent contractor if the employer has the right to control or direct the result of the work but not the means or methods of accomplishing the result. The Internal Revenue Service (IRS) uses a 20-factor test to determine whether a worker is an employee or an independent... Read More
Although all 501(c)(3) organizations are organized and operated exclusively for religious, charitable, or educational purposes, there are two main types of organizations that fall under this classification: public charities and private foundations. Organizations that qualify as public charities do so by having significant public influence, such as a third or more of their income’s coming... Read More
Exponent Philanthropy member Janis Reischmann of the Hau‘oli Mau Loa Foundation has spent the past several years working in a close partnership with 10 nonprofits to bring hope to some of Hawaii’s most disenfranchised youths. “The approaches used by our partners are reaching children who were previously very difficult to engage and challenged by typical... Read More
On an individual level, empathy is the ability to reach beyond ourselves and connect in a deeper way with other people—to understand their experiences, to get where they’re coming from, to feel what they feel. Widespread empathy scales that intuition from the individual to the organization. It connects a foundation’s staff and board to the... Read More
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