Although there is no legal requirement to produce an annual report, it is an opportunity for your foundation to communicate its mission, goals, and interests; the projects you’ve funded in the past; and what you hope to fund in the future. For small foundations, it may be the only publication you produce.
Note: Some states require foundations to submit an “annual report” along with their Form 990-PF so that regulators can ensure foundations are fulfilling their charitable purpose. This is typically a template that must be completed, as determined by the state, and should not be confused with the type of annual report discussed in this article.
Full article includes sample documents.Login to Read More