July 2012 Resources

Quickest Ways to Determine a Charity’s Status

By Andras Kosaras, Arnold & Porter LLP Even if your foundation collects an organization’s IRS determination letter (which is not required legally), your foundation must still ensure that the status is current through one of the methods below. IRS Exempt Organizations Select Check is a free online database that is updated monthly providing basic data on... Read More

Making a Big Impact With a Small Grant

By Gary Castagnola, Ellen & Clarence Peterson Foundation During the initial years of our foundation, beginning in 1986, none of our trustees had any prior experience serving on a board of directors for a nonprofit organization. Our accountant told us the dollar amount of required distribution and we divided the dollars among the directors. Each... Read More