Contributions

What are the disclosure requirements from the IRS regarding Form 990-PF?

Posted on June 21, 2017 by National Center for Family Philanthropy

As a private foundation it is important that you abide by the rules, and specifically the rules implemented by the IRS. It is no secret that as a 501(c)(3) organization you must be held accountable by not only the government but also by the people. Under the private foundations tax provisions in 1969, private foundations were required to make Form… Read More

As a Grantmaker, Should I Use a Multi-Year Grant or a Short-Term Grant?

Posted on June 20, 2017 by National Center for Family Philanthropy

Each grant is meant to help with the progression of a particular project. Depending on the project, the financial need will vary. For grantmakers that are weary of particular grantseekers it could be sensible to do a short-term grant. It would also be helpful to create deadlines and expectations. Another advantage of a short-term grant is that it has a… Read More

What is a private operating foundation, and should we consider using this option?

Posted on June 14, 2017 by Jason Born

The IRS distinguishes between public and private foundations and, within private foundations, between operating and non-operating (grant-making) foundations. While private operating foundations may choose to make some grants to other charitable organizations, they must engage primarily in direct charitable activities by running their own programs (i.e., using their own facilities, staff and resources to directly further their charitable operations)… Read More

Can We Change Our Registered Agent?

Posted on March 13, 2017 by Andras Kosaras

Our foundation is incorporated in the State of California, but the legal address is in the state of Colorado. We have an excellent relationship with our broker who is also located in California. Could we ask him to be our registered agent?… Read More

Trends in Family Philanthropy: a Conversation with NCFP Founder and President Virginia Esposito

Posted on October 19, 2016 by Virginia M. Esposito, National Center for Family Philanthropy

NCFP’s recently released Trends in Family Philanthropy study was based on the first-ever nationally representative sample of family foundations, and features a treasure trove of data on topics such as family foundation governance, board activities, and grant making strategy. This complimentary event, featuring an overview of the study will highlight issues and topics of interest to all family funders, such as balancing individual… Read More

Trends in family philanthropy: A conversation with NCFP founder and president Virginia Esposito

Posted on October 18, 2016 by Virginia M. Esposito, National Center for Family Philanthropy

NCFP’s recently released Trends in Family Philanthropy study was based on the first-ever nationally representative sample of family foundations, and features a treasure trove of data on topics such as family foundation governance, board activities, and grant making strategy. This complimentary event, featuring an overview of the study by NCFP President Ginny Esposito, will highlight issues and topics of interest to all family… Read More

The Better Boardroom: a Complimentary Lunch Seminar for Giving Families

Posted on October 3, 2016

Family foundations are a breed apart. The impact of family structure and dynamics on how a foundation is governed is enormous and consistently underestimated.  Join us for an overview of how to truly integrate the family into family foundation governance.   The program will cover these essentials: Forgotten factors – how family dynamics, family size and family structure should guide decisions… Read More

Report to Congress on Supporting Organizations and Donor Advised Funds – Department of the Treasury

Posted on July 21, 2016 by National Center for Family Philanthropy

Title XII of the Pension Protection Act of 2006, Pub. L. 109-280, 120 Stat. 780 (2006) (the PPA) made numerous changes to provisions of the Internal Revenue Code (the Code) addressing charitable giving and tax-exempt organizations. Particular changes to the law were made regarding supporting organizations (SOs) and charitable giving arrangements commonly referred to as donor advised funds (DAFs). The legislation provided a statutory definition… Read More

Advocacy and Lobbying Rules for Private Foundations

Posted on May 1, 2016 by Learn Foundation Law

The legal staff at the Packard Foundation, Gates Foundation, Hewlett Foundation and Moore Foundation developed this free, first-of-its-kind resource, which covers the basic legal rules around what staff are allowed to fund and engage in at a private foundation. It takes less than an hour to complete and features “Maya,” a new program officer that leads participants through the course. … Read More

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