Q&A's Archive - Page 34 of 36 - Exponent Philanthropy

Q&A Archive

Is it common for Exponent Philanthropy members to compensate board members for routine board service?

The majority of foundations do not compensate board members for routine board and committee service, but one size does not fit all. Foundations with more assets are more likely to compensate board members, as are non-family foundations. Our publication Board Compensation can help your board carry out a thoughtful discussion about board compensation, craft a policy... Read More

How do Exponent Philanthropy members stay in-the-know about their communities and causes?

Because the most effective missions and strategies are grounded in a foundation’s values and real needs, funders often “scan the landscape” to uncover funding gaps, reveal opportunities for leverage, or learn more about their chosen missions or focus areas. Here are approaches you might take to scan your communities or issue areas: Talk with people in diverse... Read More

Should we have an investment policy?

Developing an investment policy statement (IPS) sets the course for managing your foundation’s assets through time. It also reinforces how your investment policy and practices will help to achieve your foundation’s mission and goals. An IPS should be the starting point and bedrock of an institution’s investment strategy. It constitutes a roadmap of how the... Read More

What options exist for those with small staffs to offer a medical insurance program as part of their benefits package?

One option for Exponent Philanthropy members is to work with TriNet, a new partner that offers HR solutions for small organizations. Members receive a discount on TriNet’s monthly fee. Their services include payroll, risk & compliance, insurance, health care savings accounts, and flexible spending accounts. TriNet allows you to gain access to group insurance and retirement... Read More

Is there an efficient way to evaluate gaps and needs on our board as we open nominations for new trustees?

In identifying and electing the right people to the board, let the foundation’s mission and purpose guide your selection. You may find some criteria in the bylaws or trust document, or the board may more appropriately identify those criteria over time. Learn more about what criteria to consider and download a number of helpful samples,... Read More