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
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
No topic within private foundation rules raises as many questions and concerns as self-dealing. The self-dealing rules prohibit a range of transactions between private foundations and their insiders (called disqualified persons) to ensure that foundation assets are used for charitable purposes rather than private benefit. Common Acts of Self-Dealing The self-dealing rules are broad and... Read More
Our highly-rated publication for members provides a wealth of information and inspiration in one easy read. In this issue: Essentials for Creating Grant Guidelines A Call for Catalytic Leadership in Philanthropy Is This Self-Dealing? Three Quick Questions to Ask 7 Types of Successful Philanthropists How Racial Equity Supports Better Grantmaking Practices Grantmaking for Equity: Essential,... Read More
Your board is responsible for ensuring adherence to legal standards and ethical norms. Trustees must ensure that the foundation follows its articles of incorporation, bylaws, and policies, complies with federal and state requirements, and holds to its purpose to serve the public good. The board also serves as the foundation’s moral compass, protecting it from... Read More