The structure of your foundation will lay the groundwork for its future operations and charitable activities. The choices you make […]
Although private foundations are considered the most flexible of all charitable vehicles, they are subject to federal, state, and IRS […]
One of the great things about having a private foundation is that you alone get to choose your board structure […]
Private foundation donors are sometimes encouraged to transition their organization to a donor-advised fund (DAF). The pitch often goes something […]
Rejection is an inevitable part of the grantmaking process. Learning to say no, politely and confidently, is an essential skill.
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.
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 […]
This article provides a general primer on state filing requirements and describes important criteria in selecting a state of incorporation.
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.