A mission statement is a short, written declaration about why you are engaging in philanthropy or, if your giving structure is a foundation, why the foundation exists. Mission statements are powerful because they are heartfelt, simple, and easily communicated. A mission can help you: Make the best use of your resources by focusing grants and... Read More
Nonprofit sector collectively describes the institutions and organizations in American society that are neither government nor business. Nonprofit is a layperson’s term describing a range of organizations—including private foundations—that contribute to the public good. The nonprofit sector in the United States contains more than 1.5 million nonprofit organizations comprising at least 7% of the U.S.... Read More
Although all 501(c)(3) organizations are organized and operated exclusively for religious, charitable, or educational purposes, there are two main types of organizations that fall under this classification: public charities and private foundations. Organizations that qualify as public charities do so by having significant public influence, such as a third or more of their income’s coming... Read More
In June 2017, we hatched a plan. What if we created a survey to gather experience, advice, opinions, and knowledge from our grantmaker and grantseeker communities? (At Foundant, we provide grantmaking software solutions to grantmakers and grantees.) What kind of response would we get? How could we use the information we received to further our... Read More
Many Americans don’t believe we matter in a system where powerful interests seem to make the rules. Almost half of eligible voters don’t even turn out for elections. Feeling powerless may be our most common self-deception, and our biggest danger. As leaders like Eric Liu remind us, we have tremendous power, if we recognize it... Read More
As funders, we are expected to measure things: dollars given, grants distributed, organizations served, and what results. These are all familiar metrics. But what if we reconsidered our attachment to these metrics? What if instead of expecting a specific outcome, we pursued a promising hypothesis? This is an accepted practice in other fields, such as... Read More