A records retention policy is a simple written document—one or two pages—that summarizes your procedures for storing, organizing, purging, archiving, and protecting foundation documents and fulfilling public reporting requirements. A records retention policy typically includes the following information: What documents you store and how long you store them Where you store different types of documents:... Read More
Don’t spend your days dreaming of more engaged members. Here are some ideas to get your trustees’ attention and breathe some life into your board: Communicate with your trustees–Ask them (either individually or as a group) what they want out of board service. Are they satisfied with the way things are? What would they like... Read More
Private foundations play an important role in communities across the country—filling the shelves of food pantries, employing directors of youth centers, advocating for human rights, and much more. Opportunities abound for you to make a difference through private foundation giving. How do you determine if a private foundation is right for you? Know the field... Read More
Exponent Philanthropy members often ask about mission, vision, and values statements: What are they? Does my foundation need them? How do we create them? Maridel Moulton, an organizational development consultant, presented the following information at an Exponent Philanthropy educational program. What is a mission statement? In one or two sentences, a mission statement clarifies what... Read More
A mission statement is a short, written declaration about why you are engaging in philanthropy or, if your giving structure is a foundation, why the foundation exists. Mission statements are powerful because they are heartfelt, simple, and easily communicated. A mission can help you: Make the best use of your resources by focusing grants and... Read More
How do foundation trustees become a vibrant, unified team with members who are moving in the same direction? How do they become a team that respects one another’s values while passionately sharing a clear and common vision? Developing a mission statement can help trustees focus. It’s a challenge to know one’s own values and to... Read More