Foundations interested in getting rid of all (or some) of their file cabinets and much of the paper that fills them have many options. There are some simple ways to cut back on paper—and many benefits. It’s not all or nothing, of course. Some offices aim to go completely paperless by receiving and distributing information... Read More
Here, step-by-step, is an overview of everything you need to know, file, and pay to get off to a good start with a new staff person. Classify Every person who receives compensation needs to be classified as an employee or a contractor. The Internal Revenue Service (IRS) has guidelines (in publication 15-A) to help you... Read More
Although your grants speak volumes about your identity, your foundation may play other roles that do just as much good—maybe even more. Maybe it’s speaking out about education issues or offering expertise in neighborhood development. How do you find your foundation’s voice? What is your identity? Some large foundations hire consultants at five- and six-figure... Read More
Not yet convinced of the value of a foundation website? Consider this: People are looking for you online—Basic information about your foundation is available online at sites like GuideStar, but without a website of your own, you miss the opportunity to share more about your foundation—and to do it quickly, clearly, and at little expense.... Read More
“People in philanthropy don’t give themselves permission to take a break,” says Exponent Philanthropy member Nancy Wiltsek, executive director of The Pottruck Family Foundation in San Francisco and trustee of The Gagarin Trust. “Everyone assumes we’re the ones with the cushy jobs. We give money away, so what do we need time off for?” Wiltsek... Read More
Should you choose to hire paid staff, compensation must be reasonable, and the services provided must be reasonable and necessary to carry out the private foundation’s tax-exempt purpose. Compensation even may be provided to a disqualified person (i.e., staff or board member) as long as these standards are met. The Internal Revenue Service (IRS) says... Read More