Q&A's Archive - Page 4 of 41 - Exponent Philanthropy

Q&A Archive

Why should I consider focusing my giving?

Consider these compelling reasons for choosing a focus or two: A focus directs your time and allows you to develop expertise. Boards and staff have limited time; use it wisely by focusing their efforts. A focus allows your key players to know the issues and grantees more intimately and to strategically apply their knowledge, reputations, and... Read More

What types of benefits do foundations typically give to staff?

According to the most recent Foundation Operations and Management Survey, the vast majority (97%) of participating foundations provided benefits for full-time staff. In addition, about three-quarters (73%) of foundations provided some benefits to part-time staff working 20 to 29 hours per week. Furthermore, more than half (58%) provided some benefits to part-time staff working 1... Read More

How can I ensure that my foundation’s travel expenses remain “reasonable and necessary”?

Exponent Philanthropy recommends all foundations create a clear travel and expense reimbursement policy that achieves the following:  Advises trustees and staff to choose cost-effective travel options. The law requires that these expenses not be “lavish or extravagant.”  Describes the activities for which related travel may be reimbursed and any limits on quantity of travel per... Read More

Does Exponent Philanthropy offer a group health insurance policy?

No. Exponent Philanthropy does not offer a group health insurance policy at this time because state-specific regulations make it difficult to negotiate a group health insurance policy for our national membership. However, we’ve brokered discounted services for members with five or more staff from the human resources outsourcing firm TriNet. This includes competitive health insurance options.... Read More

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