Challenge (or matching) grants are great tools for stretching a foundation’s grant dollars, helping a group diversify its donor base, and testing the attractiveness of a project or program for other ”investors.” For any given project, a challenge grant also can give a foundation the stamp of approval that comes from someone else being the... Read More
The Homer A. and Mildred S. Scott Foundation was established in 1982. Mr. Scott came from a modest background in Nebraska, where he graduated from the state university with a degree in civil engineering. Mrs. Scott was a gracious woman with a passion for early childhood, education and literacy. The Scotts created their wealth through... 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
It’s December and your foundation wants to fulfill its payout requirement within the calendar year. What can you do? Ask your local community foundation, association of grantmakers, or giving circles for information about community needs and nonprofits they support. Consult with members of the faith community. Ask your government social services agencies, United Way, or... Read More
Consider offsetting capital losses with capital gains. Over the past decade, the largest taxable component of investment income for most foundations has been realized capital gains. Foundation management should review their portfolio to ascertain if they can take losses to offset any realized gains. Foundations should be aware that any excess capital losses over capital... Read More
Under the Further Consolidated Appropriations Act of 2020, private foundations are now subject to tax at a flat rate of 1.39% of their net investment income, effective for taxable years beginning after Dec. 20, 2019. Private Foundations are also subject to the requirement of section 4942 that a minimum of 5% of the fair market... Read More