National Center for Family Philanthropy

Can We Make Grants to a Non- 501(C)(3) Organization?

Posted on September 9, 2015 by Andrew Schulz

The short answer is, absolutely. Foundations are allowed to make grants to non-charities. They have to follow special procedures under Section 4945 that are called expenditure responsibility. The basic rule is that the fund have to be used for charitable purposes, not something else, but you can grant to 501(c)(4)s, 501(c)(6)s, and even for-profits, as long as you follow the… Read More
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Planning for an Influx of Assets

Posted on August 26, 2015 by Elaine Gast Fawcett

An influx of assets is a powerful transition point in your family’s philanthropy. With rising resources comes the budding potential to do more of what you’re already doing – or, perhaps, to try something new. Either way, additional resources will often provide your foundation with new options for making a difference according to your foundation’s mission. … Read More

Code of ethics (anonymous sample)

Posted on August 20, 2015 by Anonymous

________ Foundation Policies and Procedures Code of Ethics Background In June 2008, the Trustees of the ________ Foundation agreed to be guided by the Council on Foundations’ Stewardship Principles for Family Foundations. These principles, which were closely reviewed one-by-one by the Executive Committee, spelled out best practices in governance, ethics and accountability, and family legacy. One of the best practices… Read More

Conflict of Interest and Self-Dealing Policy

Posted on August 20, 2015 by Anonymous

_________ Foundation Policies and Procedures Conflict of Interest and Self-Dealing Purpose This policy provides guidance on dealing with two common issues faced by the Foundation’s Trustees and staff: self-dealing (issues involving financial gains) and conflicts of interest (issues involving personal motivations and loyalties). It protects the Foundation’s tax-exempt status and reputation and protects the Trustees and staff from IRS penalties… Read More

Program Grants and Committees policies and procedures

Posted on August 20, 2015 by Anonymous

__________ Foundation Policies and ProceduresProgram Grants and Committees BackgroundThe original policies and procedures (articles 1 – 18) for program grants and committees were approved individually by each program committee (i.e., the Community Development, Environment, and Youth Violence Prevention program committees) prior to their presentation to Trustees at the November 2000 meeting. It was noted at that meeting that each committee… Read More

Trustee Position Description sample

Posted on August 20, 2015 by Anonymous

_______ FoundationPosition Description Position Title: TRUSTEE Reports to: Fellow Trustees Date: June 2008 Function:The mission of the _____ Foundation, a family foundation, is to improve the quality of life through grants to charitable organizations. Trustees are responsible for the governance of the Foundation and report to the Directors. Trustees are organized into grant groups and committees.  Responsibilities:1. Defining and overseeing… Read More

R. Howard Dobbs, Jr. Foundation Trustee Responsibilities

Posted on August 20, 2015 by Jr. Foundation, The R. Howard Dobbs Jr. Foundation

R. Howard Dobbs, Jr. Foundation Trustee Responsibilities ARTICLE THREE Board of Trustees 3.1 Authority and Responsibility of the Board of Trustees. (a) The supreme authority of the Foundation and the government and management of the affairs of the Foundation shall be vested in the Board of Trustees; and all the powers, duties, and functions of the Foundation conferred by the… Read More

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