Posts tagged to 'Bylaws and legal documents'
by Learn Foundation Law
on May 13, 2016
Learn Foundation Law is a free resource for online trainings and tools related to the basic legal rules for private foundations.
by Karen Green
and Andras Kosaras
on April 1, 2016
Concise, complete, and accurate meeting minutes are vital to the health of a family foundation. These documents are the first thing IRS/state regulators request during an investigation and/or audit into a foundation.
by Paul Shoemaker
on September 24, 2015
"I can’t not do this. It’s not that I can do this, it’s that I can’t not. I don’t have time to not make an impact. I could not imagine not..."
I don’t remember the ﬁrst time I heard someone use one of these grammatically incorrect phrases. But I hear these statements consistently, to this day, from educated and literate people. I know you have heard of “can-do” people, they are eager and willing, we admire them and hope our children become like them when they grow up. But the regular heroes you will meet in this book go way beyond can-do, they can’t not do.
by Elaine Gast Fawcett
on August 25, 2015
An influx of assets is a powerful transition point in your family’s philanthropy. With rising resources comes the budding potential to do more of what you’re already doing – or, perhaps, to try something new. Either way, additional resources will often provide your foundation with new options for making a difference according to your foundation’s mission.
by Julia Kittross
on August 18, 2014
There are two vehicles that most donors consider when they are interested in involving their families in shared, multi-generational philanthropy: establishing a donor advised fund or creating a private foundation. This article introduces the key questions donors should ask when choosing between these two common options.
This month’s Ask the Center features answers to questions on managing relationships with your advisors from Patricia Angus, the founder and CEO of Angus Advisory Group, a philanthropy and family governance consulting and educational firm based in New York City. Patricia was a featured speaker on the...
Q: In a board discussion of possible advocacy efforts, trustees recalled our founding documents, which prohibit “carrying on propaganda.” Where does this phrase come from and what exactly does it mean?
A: The phrase “carrying on propaganda” comes from Section 501(c)3 of the Internal Revenue Code, which...
Q: Our foundation’s third generation is coming on the board and some have young children. Some family members say the lack of child care during board meetings hinders participation. Can the foundation pay for child care so that parents can attend board meetings?
A: Generally no....
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Q: It is my understanding that Form 990-PF requires reporting of the names and addresses of contributors which can be accessed by the public. I would prefer not having to report the names and addresses of contributors. What do I do?
A: The Internal Revenue Service requires foundations to file Form...