December 2022 - Exponent Philanthropy

December 2022 Resources

What’s expected of foundation board members?

Foundation board members are expected to: Set and adjust the direction for the foundation: its mission and goals. Establish principles, policies, and procedures that govern the foundation’s operation and advance its mission. Oversee the foundation to ensure that it operates effectively and efficiently in support of the mission, and that it complies with legal rules.... Read More

Do my Exponent Philanthropy membership dues count toward my distribution requirement?

Yes. Exponent Philanthropy membership dues are a qualifying distribution for your foundation as an administrative expense that furthers your foundation’s charitable work. In fact, we strongly encourage you to account for the payment as an administrative expense rather than a grant. When a foundation makes a grant, the law requires that no benefit accrue to... Read More