Knowledge Center | Article

The 990-PF in a Nutshell: What You Need to Know

August 15, 2004
What is the 990-PF and who needs to fill one out? The 990-PF is the tax return used for all private foundations filing under tax-exempt status, which inventories all of a foundation’s assets, investments, revenue, expenses, and charitable disbursements throughout the fiscal year. It also lists foundation officers, trustees, and the number of staff, itemizes its grants, and gives information Read More
Knowledge Center | Sample

Investment policy statement with focus on socially responsible investing (Needmor Fund)

April 15, 2004 | Needmor Fund
An investment policy with a special focus on socially responsible investing. From the policy’s introduction: We believe that a foundation lives out its mission and values not only through the organizations it supports, but also by how it uses its assets. Mission related investing is an investment process that considers the social and environmental consequences of investments in addition to Read More
Knowledge Center | Book Chapter

Andrew Carnegie: The Gospel of Wealth

October 22, 2002 | Andrew Carnegie
Long accustomed to the excesses of the robber barons of industry, the American public was startled in 1889 when one of the wealthiest men in the nation — and in the world — issued his great manifesto, “The Gospel of Wealth.” Powerfully influenced by his strict Scottish Presbyterian heritage, Andrew Carnegie urged rich people to give their money away, or at least most of it, and to base their philanthropy on their religious faith. Read More
Knowledge Center | Book Chapter

James Erskine Love, Jr.: A Protestant Family’s Expressions of Faith and Philanthropy

October 21, 2002 | Robert H. Hull
The faith, life, and civic contributions of the late James Erskine Love, Jr., and his family are true examples of how faith and philanthropy often intersect. Many facets of James Erskine Love’s life speak to the relationship of faith to action, of values to life, and of the consistency of one’s public and private self. This profile from Faith and Read More
Knowledge Center | Book Chapter

The Schustermans: A Jewish Family’s Expressions of Faith and Philanthropy

October 21, 2002 | Lynn Schusterman
This personal account from ‘Faith and Family Philanthropy’ describes the fascinating journey that the author and her husband took in discovering their own faith while rediscovering their family roots and Hebric religious traditions. ‘Jewish law dictates that if there is a choice between assisting members of your family and helping citizens of your town, your family takes precedence. The priority Read More
Knowledge Center | Book Chapter

Dr. Mohammed Murtaza Arain: A Muslim Family’s Expressions of Faith and Philanthropy

October 21, 2002 | Lester A. Picker
This case study from ‘Faith and Family Philanthropy’ describes the of Mohammed Murtaza Arain, M.D., a well-respected Chicago surgeon. For Dr. Arain and his family, it all begins and ends with the Qur’an. Whether welcoming the new day or making decisions about his personal philanthropy, the Holy Qur’an provides a roadmap that guides their life and actions. ***** Righteousness does Read More
Knowledge Center | Book Chapter

Jean and Betty Fairfax: An African-American Family’s Experiences in Faith and Philanthropy

October 21, 2002 | Lester A. Picker
This account from 'Faith and Family Philanthropy' describes the stories of sisters Betty and Jean Fairfax. Born and raised in modest circumstances in Cleveland, the Fairfaxes were steeped in strong family and religious values. Those values shaped their attitudes toward life, shattering the stereotypical notion of African-American philanthropy. Read More
Knowledge Center | Passages Issue Briefs

Difficult Discussions at Difficult Times

March 4, 2002 | Deanne Stone
This Passages Issue Brief offers suggestions for preparing for and responding to the effect of crises of different magnitude on philanthropic families. These include personal crises such as death, illness, and interpersonal conflicts, as well as community and national crises — including natural disasters, riots, economic recession, and terrorism. Read More
Knowledge Center | Book Chapter

Family Foundations: High Risk, High Reward

July 29, 1999 | Paul Ylvisaker
Foundations are a remarkable human invention. They provide private persons a free-wheeling opportunity to be socially and publicly influential. Without having to meet the tests either of the market or the ballot box, private persons can independently determine what the needs of society are and how best to go about meeting them. Read More