Yes! Trustee compensation is one of many data points reported in our annual Foundation Operations and Management Report, based on a survey of our foundation members. You’ll find key benchmarking data on governance, grantmaking, administration, and investments. Download the report or order copies >> Read More
It is difficult to recoup grant funds if your foundation did not have a signed grant agreement in place for the grant, with language that lays out what would happen if the grant is misused or not used according to plan. Even when funders have a signed grant agreement, it can be difficult to recoup... Read More
Supporting organizations are 501(c)(3) public charities with a subclassification of 509(a)(3), whose legal structure is formed with a certain relationship with one or more other public charities, the “supported” organization(s). Supporting organizations might be university or hospital foundations; foundations created to support libraries, elementary schools, or other governmental units; or trusts created by individuals to benefit... Read More
Private foundations occasionally consider making investments in vehicles in which one or more of its disqualified persons (e.g., officers, directors, substantial contributors) also have invested or also are considering an investment. See this article for considerations when making co-investments with disqualified persons >> Read More
In today’s litigious society, anyone—including your foundation and the individuals associated with it—may be the target of a lawsuit. Although state and federal laws may provide some protection for your board members and volunteers, this immunity will extend to your organization in only a few states. These laws often contain no protection for legal expenses,... Read More
Exponent Philanthropy Board Member and Foundation Consultant Jeff Glebocki of Strategy+Action Philanthropy recently assisted a small-staffed, private foundation in a planned leadership transition of its chief executive who had a tenure of 20-plus years. To get a sense of how other foundations approached creative retirement/transition packages for long-serving foundation chief executives, he posted a listserv... Read More