From masterful communicators to continual learners, phenomenal foundation executive directors share a number of characteristics and skills. See this member resource to learn what they are » Don’t Miss Out on Our Executive Directors Virtual Roundtable! November 15, 2023 | 2:00 pm – 3:00 pm ET Are you the foundation’s executive director or CEO by... Read More
Get up to speed on foundation essentials by attending the following sessions: Tuesday, October 17th SESSION: Foundations 101: Intro to Philanthropy and Foundation Administration 1:15 PM – 2:30 PM Hear an overview of the nonprofit sector and where foundations fit in. Learn about some key administrative pieces to get into place before you get started... Read More
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
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
When handling money, the following practices work for many foundations: Opening a single foundation bank account. Foundations that make grants only one to two times per year or those with minimal operating expenses simplify recordkeeping by making most transactions from one account. Some also use a money market account. Keeping up with cash flow needs.... Read More
Consider the following questions when hiring investment managers directly: What is the manager’s investment philosophy? Does the manager try to help you understand the philosophy, or just use terms meant to put off your questions? Does the manager pick securities from a preapproved list? If so, what is the justification or strategy for doing so?... Read More