Why Some Foundations Keep Grant Records Indefinitely

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Keeping good records is not just about keeping your office tidy: Good recordkeeping is legally required. It helps you stay accountable to the public and the Internal Revenue Service, and keeps you on your toes in the event of an audit.

There’s more to recordkeeping than meets the legal eye. Some foundations have discovered that good recordkeeping helps them improve their grantmaking and stay informed in their communities.

In this article, we discuss how your colleagues use records to pursue their mission and preserve their foundation’s history.

Full article includes sample documents.

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