To develop a filing system as part of your overall records management system, first sort your documents into major categories that fit with your foundation’s operations. Foundations sort their documents in different ways; some foundations, for example, sort according to the following categories: Founding Documents Legal and Accounting Records Board Records Program Records Personnel Records... Read More
As an employer, you are responsible for documenting that your employee is eligible to work in the United States. To do this, the employee must complete Immigration and Naturalization Service Form I-9, Employment Eligibility Verification. You, the employer, must keep this form on file for as long as the employee works for you. For small... 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
From a tax law perspective, a private foundation may pay “reasonable and necessary” administrative expenses—and count them toward its annual distribution requirement—without subjecting the foundation or its managers to a penalty tax. These expenses must be (a) related to the accomplishment of the foundation’s charitable purposes, (b) related to its investments, or (c) payments of... Read More
Taking time to reflect on the following questions can help ensure your foundation manages staff legally and ethically, while fostering a supportive work environment that advances your mission. Advisors and Resources Who on the board is responsible for monitoring HR, and are they familiar with employment practices? Does a board member have a relationship with... Read More
You expect a lot of the individuals and organizations that apply for your grants, because better granting means greater impact. You trust them to come with big ideas and clear vision. You want them armed with budgets, schedules, plans, and actionable objectives. You look to them for ways to invigorate a community, further a cause,... Read More