The legal and practical aspects of international grantmaking may seem burdensome. Yet, small foundations can and do make grants to foreign organizations in legal and trusted ways. Let’s correct seven misconceptions and provide examples of how Exponent Philanthropy members fund effectively around the world. Myth 1: Because our bylaws limit our giving to U.S.-based 501(c)(3)... Read More
Private foundations that wish to operate their own scholarship programs—and do the work of publicizing the program, reviewing applications, choosing winners, and monitoring the awards—must receive prior Internal Revenue Service (IRS) approval. This one-time IRS review ensures that your scholarships (or other grants for study, travel, or similar purposes) are awarded in an objective, nondiscriminatory... Read More
If your foundation encounters an organization struggling with its operations, how can you say no—declining or not renewing a grant—in a way that makes a difference? For our small family foundation, the facts were clear. Getting to those facts had not been easy: The board of directors of the nonprofit we were funding had not... Read More
When should a foundation rescind a grant? How is the rescission accomplished? The obvious answer to the first question is that a funder should rescind a grant when the grantee fails to use the grant funds for the purposes for which the grant was made. Most commonly, such failure is because the grantee’s need for... Read More
Three Exponent Philanthropy members shared how their foundations were forging ahead during the Great Recession of 2008: Henry Berman, president and trustee, The Edith Glick Shoolman Children’s Foundation, New York and Massachusetts; Billie Hall, president and CEO, Sunflower Foundation, Kansas; and Mari Brennan Barrera, vice president, Eos Foundation, Massachusetts. Where do you find energy and... Read More
“Foundations experience the moment at different times,” writes Jed Emerson in the Stanford Social Innovation Review. For the Jessie Smith Noyes Foundation, it was the 1980s; for the F.B. Heron Foundation, the mid-1990s. In both cases, the foundations recognized the division, even conflict, between their investments and their grantmaking. The Jessie Smith Noyes Foundation focuses... Read More