Just like the individuals and families who establish them, foundations have life cycles. And because nearly 90% of all foundations are set up with the intent to exist in perpetuity, they typically undergo a multitude of transitions over their extended lifespan.
Resources tagged as: "Foundation Governance" Clear
A Glossary of Private Foundation Terminology
Private foundation donors are sometimes encouraged to transition their organization to a donor-advised fund (DAF). The pitch often goes something […]
Pointers for creating a clear and thoughtful mission statement for your private foundation and the benefits you can expect.
A guide by Foundation Source with step-by-step instructions and formulas for calculating a private foundation’s annual 5% distribution requirement.
A Comparison of Operating and Non-Operating Foundations.
As the end of the year approaches, you may be already charting your foundation’s course for the coming year. Before […]
Foundations typically approach most grants as a team sport, debating their merits and deciding, collectively, whether they’re likely to achieve the foundation’s goals. However, in addition to granting as a group, some foundations give their board and/or family members a portion of funds to donate as individuals. Th is practice, called discretionary grantmaking, is legally permitted as long as the grants are consistent with the foundation’s charitable purpose, and there aren’t restrictions in the charter documents to prohibit it.
Although private foundations are considered the most flexible of all charitable vehicles, they are subject to federal, state, and IRS […]
A basic guide to managing a well-run foundation.