Case Study: Navigating a Community Foundation’s Roles Among a Family’s Professional Advisors

Posted on February 6, 2017 by Tony Macklin

The Star City Community Foundation has a potential opportunity to work with a generous family planning for a business transition. As is often the case, the information about the opportunity is incomplete. This special case study shares the story of the fictional Lincoln family, and explores the questions, considerations, and challenges facing the community foundation as it works with the… 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