At Exponent Philanthropy, we believe lean foundations can drive significant change through thoughtful strategies and meaningful community engagement. Malcolm MacLeod, board chair of the Johnson Scholarship Foundation, recently shared how his foundation has embraced these practices to achieve transformative outcomes. He discusses this in depth on a recent episode of The Catalytic Podcast: Supercharging Impact:... Read More
Building a Strong Foundation for Giving Starting a foundation means making key decisions about operations, investments, legal requirements, and grantmaking. How will you structure and manage it? What tax and legal obligations must you meet? How will you invest assets to maximize impact? Laying this groundwork first sets the stage for effective grantmaking and long-term... Read More
Investments: Managing Foundation Assets for Greater Impact Imagine a foundation with $10 million in assets. To meet the 5% distribution requirement, it must allocate $500,000 annually. While foundations carefully manage their grant distributions, what happens to the remaining $9.5 million? This section explores how foundations manage investments, including oversight responsibilities and key fiduciary principles. Smart... Read More
Grantmaking Strategy: Maximizing Your Foundation’s Impact Grantmaking is the culmination of your foundation’s efforts and defines its impact. A strong grantmaking strategy starts with clear goals and well-structured requirements for grantees, making grant management smoother and funding more effective. However, successful grantmaking goes beyond just distributing funds—it involves deeper engagement. Understanding nonprofit financials helps assess... Read More
Navigating Legal and Financial Compliance Good governance goes beyond best practices—it ensures your foundation meets essential legal and financial requirements. This section outlines key regulations every private foundation must follow, starting with foundation law, IRS requirements, and the 990-PF tax form. You’ll also find guidance on budgeting and critical legal considerations, such as self-dealing restrictions,... Read More
Building a Strong Foundation Board: A Guide A well-run foundation starts with a strong board, no matter its legal structure. As a board member, you shape policies, set expectations, and ensure good governance. This guide covers essential topics, including: Onboarding new members Understanding key legal responsibilities Differentiating between board and advisory committees Navigating leadership transitions... Read More