The law requires very little when making grants to most domestic public charities. Other than knowing a grantee’s tax status—your foundation has a great deal of flexibility. However, I regularly encounter funders, foundation staff and professional advisors who do not know this. What the Law Requires When Making Grants A few years ago, Project Streamline... Read More
Advancing racial equity in philanthropy requires doing a lot of unlearning and relearning. This fundamental set of grantmaking practices is a great place for all funders to start. That said, these actions are just the beginning. They complement a continual journey of learning about systemic racism. Equitable Grantmaking Practices Eliminate Barriers to Entry Don’t impose... Read More
What is a net grant and why does it matter? Well, time is money and grantees incur costs while applying for grants. For instance, think about how long it could take a nonprofit to customize their financial documents to your specifications, and language to your unique questions and formatting. According to Project Streamline, nonprofits can... Read More
There is no one path to having a career in leanly staffed foundations, as they operate in almost every locale in the nation. Still, there are qualities, skills and experiences that prepare people to effectively manage small foundation operations, engage boards, and leverage resources for impact. Patterns in Hiring First, let’s look at some career... Read More
This post originally appeared on Blackbaud’s sgENGAGE blog. When smaller, place-based foundations collaborate and align their work, they provide unique value to local communities and nonprofits. Still, many foundations shy away from working together, assuming it will require considerable time and a loss of independence. Funder collaboration need not be burdensome. Nor does it require... Read More
When we strip away the messaging and maneuvering in politics, it’s clear that governments and foundations across the country often seek common goals. Among these are: Strengthening education and vocational training Increasing access to childcare and healthcare Creating jobs and new businesses Safeguarding the environment Unfortunately, government and foundations tend to operate in silos. They... Read More