Small foundations are using PRI loans and other investments to enhance the power of their grantmaking, build capacity, and leverage the impact of their assets. PRIs can be counted toward your foundation’s distribution requirement, and repaid funds are recycled for other PRIs or for grants.
Includes: Definitions of various charitable vehicles; How to determine the type of private foundation; How to establish your foundation; Obtaining an Employer Identification Number; Applying to the IRS.
Policies guide your foundation in its daily operations and steer the board as it works to fulfill the foundation’s mission. This primer walks you through policies that can help you: Operate more efficiently; Align daily operations with your mission; Fulfill your legal and ethical responsibilities; Increase transparency; Orient new board members.
Beyond dollars, small foundations hold unique assets such as deep knowledge of community needs, ability to focus over time, reputation as community institutions, and creativity of board members and staff. Learn about 20 ways ASF members use the full range of foundation assets for the benefit of their mission, goals, or community.
Discover how to organize, archive, and protect your important documents. Includes: The costs of recordkeeping — in money and time; What to keep and for how long; Advice on establishing a records management system and records retention policy; How recordkeeping can help you fulfill your mission and program; Audits; What records you must share with the public.
Find out how to accomplish one of the most central foundation tasks without getting lost in paper. Topics include: Creating your mission and guidelines; Determining a process for board decisionmaking; Pre-screening proposals and conducting in-depth review; Financial statements -- how-to review; Conducting site visits.
Strong leaders play an essential role in the success of nonprofit organizations, and as funders, your accomplishments hinge on theirs. By taking steps to support nonprofit leaders, you can bolster the organizations you trust, support the issues you care most about, and further your mission in a meaningful way.