Navigating IRS rules can feel overwhelming, but understanding the excise taxes that apply to private foundations is essential for staying compliant and protecting your charitable resources. These taxes exist to prevent misuse of assets, ensure funds serve the public good, and discourage activities that could compromise your mission. Whether you’re new to foundation management or... Read More
In today’s rapidly changing world, where urgent needs, economic uncertainty, and a historic transfer of wealth are reshaping philanthropy, foundations are reexamining a core question: Should they exist in perpetuity or spend down their assets within a set timeframe? This debate isn’t new, but it feels especially relevant as funders weigh their desire for a... Read More
No topic in private foundation rules generates more questions than self-dealing. These rules are designed to ensure that foundation assets are used for charitable purposes, not private benefit, by prohibiting certain transactions between the foundation and its insiders (called disqualified persons). The rules are strict: Even minor transactions, or ones that seem to benefit the... Read More
New legislative developments in Washington are adding fresh challenges for funders and foundations. The “One Big Beautiful Bill Act” recently passed the House and now heads to the Senate, where further debate is expected. Thanks to strong sector advocacy, harmful provisions, such as revoking nonprofit status and taxing nonprofit branding, were removed before the final... Read More
Federal funding is a critical lifeline for many nonprofits, including those supported by Exponent Philanthropy members. When disruptions arise—whether from policy shifts, executive orders, or legal challenges—nonprofits may encounter delayed payments, uncertainty about future grants, and cash flow challenges that threaten their programs and operations. For leanly staffed foundations, staying informed isn’t just about awareness—it’s... 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