Posts tagged to 'Transparency'

Practicing Transparency for Discovery and Learning

Posted by Richard Russell and Richard Woo on April 27, 2017

For us, transparency is as much about discovery as disclosure.

What is Overhead, Anyway?

Posted by Kylie Musolf on March 15, 2017

Overhead is one of the first concepts any philanthropist learns. It includes all of those administrative and fundraising costs that we secretly wish our nonprofit colleagues didn’t have to worry about. But what exactly is overhead, anyway?

Transparency, Privacy, and Trust: Finding Balance for Family Foundations

Posted by Richard Russell and Richard Woo on February 27, 2017

As a group, family philanthropies put a lot of energy into connecting with our constituents. We do this joyfully because we know that strong, trusting relationships are vital to our success and the communities we serve.

A Rockefeller Family Foundation Turns Over Some New Leaves

Posted by Lukas Haynes and Michael Quattrone on January 13, 2017

Over the past 18 months, the trustees and staff of the David Rockefeller Fund have embarked on a journey to engage a new generation of family trustees and reinvent a 25 year-old family foundation for a new century of philanthropic challenges.

Have We Properly Verified the Tax-Exempt Status of Our Grantees?

Posted by Adrian Bordone on January 11, 2017

Every grant award offers a potential risk that should be understood and properly mitigated. Providing grants to a charity that has had its tax-exempt status revoked — even unknowingly — can lead to the disbursement being considered a taxable expenditure, prevent foundations from meeting the annual 5 percent distribution requirement, and cause the IRS to levy excise taxes — stiff fines — on the foundations involved.

GEO's Change Incubator

Posted by Lori Bartczak on July 18, 2016

GEO’s Change Incubator is designed to help grantmakers strengthen relationships with their grantees in a way that leads to better impact. While GEO’s participating teams are still in the early stages of this work, they have started sharing some of what they are learning and how these lessons can be...

Failure talks with TPW: A conversation with Sapphira Goradia

Posted by Devon Cohn, Sapphira Goradia and The Philanthropy Workshop on June 14, 2016

This is the first in a series of conversations with members of The Philanthropy Workshop curated by TPW member Devon Cohn. "TPW Talks Failure" examines stories about lessons learned, about the process of failing, and cautionary tales that shine a light into less explored areas or less well understood areas of the philanthropic world. This is a transcript of an interview with Sapphira Goradia, Executive Driector of The Goradia Foundation, which has been edited for clarity.

My sabbatical zen: Reflections on a 3-month pause in the action

Posted by Patrick Troska on December 1, 2015

Patrick Troska, Executive Director of the Jay and Rose Phillips Family Foundation, reflects on the four "R"'s of his recent sabbatical: resting, roving, reflecting, and recharging. "It is important to acknowledge that nothing fell apart at the Foundation while I was away," writes Troska. I credit that to good planning and an extraordinarily good team. The sabbatical provided the opportunity for the Foundation to consider its succession planning needs (I won’t be here forever and everyone is replaceable)."

10 general guidelines for greater foundation transparency

Posted by Rick Cohen on December 15, 2014

Given the immense diversity of foundations, it is a challenge to talk about any aspect of foundation behavior that goes beyond the minimum required in law and public policy to reach prescriptions for the behavior of foundations across the board. In truth, when discussions occur around issues of accountability, transparency, and disclosure, despite some 100,000 extant foundations, the conversation is implicitly about the larger, higher profile foundations, omitting scads of less visible philanthropic entities that in many communities constitute the philanthropic arena.

Transparency in family foundations: The strength of glass pockets

Posted on May 28, 2014

Family foundations, by their very nature, are complex. With significant involvement of family members on the board and sometimes in operations as well, there can be layers of generations, widely divergent views and the need to preserve positive family relationships.  This complexity is a challenge but...

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