Small foundations hold assets that go beyond money. The energy and talent of board members and staff, knowledge of community needs accumulated over time, and status as community institutions are among small foundations’ powerful but less-considered assets.
Yet, despite the usefulness of nongrant charitable activities and that the Internal Revenue Service allows you to count expenses associated with them toward your annual distribution requirement, many small foundations overlook the potential of nongrant work.
What are nongrant activities? What gives small foundations the power to engage in them? How do Exponent Philanthropy members put their knowledge, talents, and reputations to use?
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