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Foundation Recordkeeping: A Quick Guide
Proper recordkeeping is essential for efficient foundation operations, legal compliance, and smooth audits. An organized system ensures easy access to critical documents, reduces clutter, and protects your foundation’s history. Although maintaining records might seem like a time-consuming task, investing thought and effort into a clear and practical system will save time and prevent headaches in... Read More
Nonprofit Basics: Understanding the Sector and Your Role in Giving
What Is the Nonprofit Sector? The nonprofit sector encompasses institutions and organizations that are neither government nor business. A nonprofit exists to benefit the public and operates without the intent of making a profit. Any revenue generated is reinvested into the organization to support its mission or charitable purpose rather than distributed to shareholders, as... Read More
Annual Board To-Dos: The Must-Have Checklist for Running a Foundation
Is your board covering all the bases of good governance this year? A comprehensive checklist of annual board tasks ensures your foundation remains up-to-date and on track. By including legal obligations and governance best practices, this checklist serves as a valuable guide for established foundations (not start-ups). While some tasks are legally required, others are... Read More
“Extraordinary Giving in Extraordinary Times”
Reflections on Our 2024 Annual Conference Earlier this month, the Exponent Philanthropy community gathered in Austin, TX, to reflect on a year marked by profound challenges and opportunities on local, national, and global levels. Through diverse perspectives and meaningful conversations, we reaffirmed the depth, resilience, and collective power of our community. Amid these challenges, our... Read More
Designing a Grant Application Process That Works for Everyone
For foundations and nonprofits alike, the grant application process can be a time-consuming hurdle. Nonprofits often dedicate significant resources to crafting applications, while foundations juggle evaluating numerous proposals, many of which may not align with their goals. A well-designed application process ensures your foundation receives the information it needs while respecting applicants’ time and resources.... Read More
Understanding the Modern Grantee Experience
Grant applications are an important touchpoint for nonprofits and grantmakers alike. Recently, Blackbaud has been taking a hard look at the modern grantee experience for those who use our portal for grant applications. We wanted to know if the grantee portal afforded our funder clients the flexibility to get the information they needed, while also... Read More