Voices from the Field

The Giving Pledge for the Rest of Us

Posted on February 13, 2017 by Bruce DeBoskey

The Giving Pledge has been successful in encouraging philanthropy among the ultra-wealthy. However, this good idea should not be restricted to billionaires. Each of us can make a personal, achievable pledge to receive less — and give and do more to help address society’s urgent problems… Read More
Voices from the Field

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

Posted on January 11, 2017 by Adrian Bordone

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… Read More