The post Donor Checklist: Donor-Advised Funds vs. Private Foundations appeared first on Foundation Source.

The post Advisor Checklist: Donor-Advised Funds vs. Private Foundations appeared first on Foundation Source.

The post Timeline of Annual Expectations appeared first on Foundation Source.

The post Measuring Effectiveness Checklist for Private Foundations appeared first on Foundation Source.

The post Top 10 Reasons You Need Foundation Source as Your Private Foundation Administrator appeared first on Foundation Source.

The post Client Meeting Checklist appeared first on Foundation Source.

The post Foundation Operations Worksheet appeared first on Foundation Source.

DYNAMIC OPERATIONAL DASHBOARD

Provides workflow and task management of operational foundation processes, including compliance, communications, grant requests, impact planning and budget management.

RIGHT-SIZED GRANTS MANAGEMENT

Organizes and supports the complete grant lifecycle with applicant partnership tools, request tracking, committee voting, curated templates, self-service grantee status review, and progress reporting in an elegant grantmaking solution.

INTEGRATED EXPENSE WORKFLOWS

Centralizes disparate tasks like expense requests, payment approvals, departmental budget caps and disbursements in one streamlined system.

ACTIONABLE REPORTING & ANALYTICS

Enables users to see a consolidated view of their expenses, grants and audit data with built-in visualization templates, best practice standard reports and robust capabilities.

The post Is Your Tech Stack Undermining Your Philanthropic Impact? appeared first on Foundation Source.

DOWNLOAD PDF TO SEE MORE

The post Compensation Guidelines Checklist appeared first on Foundation Source.

The IRS requires private foundations to distribute a minimum of 5% of the previous year’s net average assets annually.
*Foundations have no payout requirement in the first year of existence.

Determine how you will track your MDR.
(Foundation Source calculates and tracks this for you.)

Review qualifying distributions including:
o Grants to public charities
o Grants to nonprofits
o Grants to individuals (including scholarships or emergency aid).

Determine other qualifying distributions that help achieve the foundation’s charitable purpose including:
o Non-investment-related admin expenses o Equipment
o Direct charitable activities
o Program-related investments

Ensure you’re not including these expenses that don’t count towards the MDR: investment management fees, bank charges, custodial fees, compensation, and legal fees.

DOWNLOAD PDF TO SEE MORE

The post Grantmaking Guidelines Checklist appeared first on Foundation Source.