Exponent Philanthropy’s Foundation Fundamentals aim to assist you in starting your philanthropic journey with Exponent Philanthropy. Before diving into your grantmaking, there are several questions to consider. How will you operate your foundation? How will you manage your foundation’s assets and investments? What tax and legal issues should you address? Once you have answered these... Read More
Good governance isn’t just about best practices—it ensures your foundation follows essential legal and financial rules. This section covers the key regulations every private foundation must follow, helping you navigate the legal landscape while saving time and legal fees. This page starts with the basics: foundation law, IRS requirements, and the 990-PF tax form you’ll... Read More
So you’ve decided to start a foundation. Now what? By choosing to establish a foundation, you’ve committed to making a positive impact in your community. You’ve likely already received valuable legal and financial advice regarding the rules and regulations surrounding foundations, as well as the tax benefits associated with your contributions. However, it’s also important... Read More
Filing Form 990-PF can feel like a daunting task, but with the right preparation, it doesn’t have to be overwhelming. Whether you’re managing the filing process yourself or working with a professional, staying organized throughout the year will save time and reduce stress. This guide will walk you through how to categorize expenses, keep essential... Read More
Proper recordkeeping is essential for efficient foundation operations, legal compliance, and smooth audits. An organized system ensures easy access to critical documents, reduces clutter, and protects your foundation’s history. Although maintaining records might seem like a time-consuming task, investing thought and effort into a clear and practical system will save time and prevent headaches in... Read More
What Is the Nonprofit Sector? The nonprofit sector encompasses institutions and organizations that are neither government nor business. A nonprofit exists to benefit the public and operates without the intent of making a profit. Any revenue generated is reinvested into the organization to support its mission or charitable purpose rather than distributed to shareholders, as... Read More