Although there’s no legal obligation to produce an annual report, it serves as a valuable opportunity for your foundation to share its mission, goals, and funding priorities. It highlights the projects you’ve supported in the past and what you aim to fund in the future.
Note: Some states require foundations to submit a mandatory “annual report” with their Form 990-PF to demonstrate compliance with charitable purposes. This state-mandated template is distinct from the voluntary, narrative-style annual reports discussed here.
For more insights and sample documents, refer to the full article.
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