Created by members of the Andersen family—founders and owners of the Bayport, MN-based Andersen Corporation—the Andersen Foundation’s primary geographic area of focus is the St. Croix Valley, a mix of rural, suburban, and urban communities that spans the Minnesota–Wisconsin border just east of the Twin Cities. We primarily support nonprofits in Washington County in Minnesota... Read More
How do small foundations scan? For starters, they venture into the community, listen to grantees, talk with community leaders and residents, review publications, and commission research and reports. Foundations have the privilege and opportunity to talk with almost anyone in a community. “We try to keep a pulse on the community and learn of things... Read More
You can find red flags in a nonprofit’s Form 990 or in its financial statements, as well as in conversation—and many do not require technical knowledge. ShoreBank, a community development bank serving Chicago, Cleveland, and Detroit, provides the following list of red flags. Red flags in financial statements Decrease in annual revenue Decrease in net... Read More
To make the time you spend on proposal review even more focused and efficient, it’s essential to invest a little time in preparation. This article describes both how to prepare and how to use a prescreening process—two steps to help you focus time on the proposals that most interest your foundation and be efficient in... Read More
With just a bit of time and effort to review nonprofits’ financials, you will get to know organizations better and choose those best equipped to create the changes you seek. Terms to know Assets represent what the nonprofit owns—Current assets are the sum of all assets that could be converted to cash in less than... Read More
A foundation executive director, I am sharing four lessons about how to evaluate outcomes more effectively. The points that follow are not complex ideas. To many, they probably seem obvious. As is often the case for me, the mere act of recording them provided me with new insights. Find the right approach for your work... Read More