PNC CENTER FOR FINANCIAL INSIGHT
|
|
- Allen Oliver
- 6 years ago
- Views:
Transcription
1 PNC CENTER FOR FINANCIAL INSIGHT Managing Your Foundation as a Business A family foundation is much like a family business, requiring a governance structure to harness the best of the family dynamic and help promote adherence to complex regulatory requirements. The PNC Center for Financial Insight SM builds bridges from thought to action, creating practical, applicable strategies to help benefit you and your family. Contributing Author: Anne B. Hennessy, CAP Senior Resident - Philanthropy When initiating charitable work, it is important to remember a foundation is also a business that requires developed governance practices. As Bill Gates said, Effective philanthropy requires a lot of time and creativity. The same kind of focus and skills that building a business requires. The processes and procedures that comprise effective governance can help support a foundation s ability to have an impact on its chosen causes and organizations. These processes and procedures can also help influence decision making, which in turn can lead to all aspects of the foundation being effectively managed. Family foundations, like family owned-businesses, face two types of management issues: those related to managing the family dynamics and those having to do with the day-to-day administration of the foundation. Governance systems do not need to be complex to be effective. Just as with a family business, we believe it is essential to craft and maintain a governance structure. It is a roadmap for determining and documenting the foundation s mission, and for outlining the responsibilities, term limits, and succession plans for those family and nonfamily members who serve on the foundation s board of directors. Managing Family Dynamics Formal governance practices help promote continued family engagement and reduce the likelihood of family disputes. These practices also help safeguard the legacy of the founder and previous generations, provide training for the next generation for leadership roles, and open pathways to incorporate the views of new generations so they remain committed and engaged. All foundations must have a governing body, referred to as a board, which can have both voting and nonvoting members. It s important to address the following two questions: Who sits on the board and who gets to vote? What is the plan for board succession? In an ideal situation, the foundation s governing documents will address these issues when a foundation is established. If this has not occurred, which in our experience is typically the case, we believe the board should set the parameters for engagement and succession. The Next Generation Engaging younger generations can be crucial for those seeking to use the foundation as a means to preserve and express the family
2 September The Family Philanthropy Setting the rules for board engagement in the family foundation will help keep family harmony. Here are some considerations to weigh: Will you have both voting and nonvoting positions? Are spouses eligible to serve? If so, in what capacity, and would they have voting or nonvoting positions? What is the path to voting membership? Is board participation a right or a privilege that must be earned? If it is earned, what do family members need to demonstrate to earn a board position? Some examples include attending board sessions, helping bring subject matter experts to present to the board, and having experience with performing due diligence on potential grantees. Due diligence experience could encompass participating in site visits and meeting key staff. This helps develop a working knowledge of how the foundation s grants help support its mission. legacy. Involving children from a young age is a good way to cultivate interest while laying the groundwork for future leadership roles. Including younger generations in site visits, educational discussions, and ageappropriate board sessions are some ways to engage. Many families create a junior committee that can either have voting rights or act in an advisory capacity. The committee has a set amount of funds for which they select qualified charitable recipients. Members perform due diligence and present their recommendations to the board. Giving Voice Good governance can help family members have a voice in a manner that is appropriate and works for the foundation s operations. A family member who is excluded from voting or not invited to participate can still exert some influence. Parents in particular hold great sway over how their children may view their future roles in the foundation. Some families include spouses and in-laws on the board, and some do not. In our experience, an effective way to include additional family, as well as nonfamily members and advisors, is to create advisory committees. Business Management Among its numerous benefits, good governance can help provide continuity, objectivity, and transparency for a foundation. It can also help reduce the chance that an important task, such as a required regulatory filing, could be overlooked. Additionally, it helps minimize the likelihood of potential legal or regulatory issues. Private foundations are complex legal entities. They may be established as either a stand-alone trust or nonprofit corporation. Also, there are various federal and state regulations that apply to foundations, and these can vary from state to state. It is important to consult with legal counsel to develop a full list of duties and responsibilities of board members to help the foundation meet all regulatory requirements. There are numerous responsibilities, ranging from fiduciary and legal obligations to day-to-day operations such as grant administration and
3 September A Case Study: The Murphy Family Foundation The Murphy family successfully managed a family business through four generations and a family foundation for two generations. When establishing the family foundation, the family adopted the same business practices they use to successfully manage and transition the family business. There are rules and requirements for foundation meetings as well as a code of conduct. The roles, responsibilities, expectations, and benefits are clear to all. Family from all generations are actively engaged in foundation operations. Children begin engagement at age 12 by participating on a junior board. At age 16, they receive a small allocation for grants. They perform due diligence and present reports to the board for approval. They have increased allocations and responsibilities until age 25, when they become eligible for board membership. Only direct descendants of the foundation s founder and their legally adopted children are eligible to be voting members of the board. financial oversight, associated with foundation management. Grant making can be an engaging part of the family foundation and an enjoyable activity for family members. There should be an established process in place for reviewing and assessing grant applications, which provides consistency and helps reduce the possibility there will be problems if organizations are declined for funding. A grant application must be documented from receipt of an application through due diligence, approval, or declination in addition to follow-up on how funds were used. The operational structure is just as important in a foundation as it is in a for-profit entity. As with a business, a foundation needs an annual strategic plan and budget that not only address the foundation s activities but also that they are approved in a timely manner. Many families engage advisors to guide the foundation and manage the administration and grant distribution processes. Proper planning helps a foundation confirm there is sufficient cash available when needed. Key points that should be included in these plans are as follows: Strategic plan Create a timeline outlining when grant applications are due, when distribution decisions are made and paid, and when grantee progress reports are due. In addition, include administrative processes such as regulatory filings preparation and review and filing dates. Schedule board meetings and board engagement activities, such as site visits. Annual budget Detail expenses and income and when they are expected to occur. Include cash flow, minimum required distribution, grant distributions, tax payments due, and any additional expenses. The Foundation Board The board of a foundation is responsible for overseeing all aspects of the foundation, similar to a forprofit entity. Board members should be aware of the rules for governing
4 September a private foundation, including any applicable state laws governing the functions of a nonprofit board and the conduct of board members. We believe legal counsel should review these requirements with the board at the inaugural board meeting, with new board members, and periodically thereafter. There are three basic legal duties of board members: Duty of care Board members must exercise reasonable care and make well-informed decisions for the foundation. Duty of loyalty Board members must always act in the best interest of the foundation. They must avoid conflicts of interest or the appearance of conflicts of interest. Duty of obedience Board members must adhere to the foundation s mission and bylaws. They must act in a manner consistent with the foundation s mission and goals and with applicable law. Some of the roles in a foundation include officers of the foundation, president, treasurer, and secretary. In addition to officer roles, there can be both voting and nonvoting board members. Board Meeting Best Practices A best practice for managing boards is to establish clear rules for meetings, which are typically included in the bylaws. For example, best practices often include: Frequency meeting semiannually or quarterly. To help encourage attendance, set dates in advance, at a minimum confirming the next meeting date at the end of each meeting; Attendance the number of board members necessary to constitute a quorum; Rules for attendance how many meetings in which each board member must participate. Clarification on what constitutes participation, for example, Skype or via conference call; and Voting acceptable methods such as proxy, , or in person. It is important to recognize the experience you may need and the value of the participation of nonfamily members to fill knowledge gaps. For instance, if the foundation funds a specific type of medical research, it is ideal to have someone as a resource with the knowledge to evaluate grant proposals and report on the use, success, and impact of grants. Many foundations create advisory committees comprising individuals with the experience necessary to evaluate grant-making programs. Many foundations also include members of the community they serve as nonvoting board members or as advisory committee members. The family foundation has many similarities to a family business. Good governance can cultivate the strengths of the family and its legacy, highlighting individual roles and when additional guidance and support might be needed. An organized and structured approach is essential to effectively manage your foundation, benefiting both family members and charitable beneficiaries. For more information, please contact your Hawthorn advisor.
5 September The PNC Financial Services Group, Inc. ( PNC ) uses the marketing name Hawthorn, PNC Family Wealth to provide investment, wealth management, and fiduciary services and the marketing name PNC Center for Financial Insight to provide wealth planning education to individual clients through its subsidiary, PNC Bank, National Association ( PNC Bank ), which is a Member FDIC, and to provide specific fiduciary and agency services through its subsidiary, PNC Delaware Trust Company or PNC Ohio Trust Company. Standalone custody, escrow, and directed trustee services; FDIC-insured banking products and services; and lending of funds are also provided through PNC Bank. This report is furnished for the use of PNC and its clients and does not constitute the provision of investment advice to any person. It is not prepared with respect to the specific investment objectives, financial situation, or particular needs of any specific person. Use of this report is dependent upon the judgment and analysis applied by duly authorized investment personnel who consider a client s individual account circumstances. Persons reading this report should consult with their PNC account representative regarding the appropriateness of investing in any securities or adopting any investment strategies discussed or recommended in this report and should understand that statements regarding future prospects may not be realized. The information contained in this report was obtained from sources deemed reliable. Such information is not guaranteed as to its accuracy, timeliness, or completeness by PNC. The information contained in this report and the opinions expressed herein are subject to change without notice. Past performance is no guarantee of future results. Neither the information in this report nor any opinion expressed herein constitutes an offer to buy or sell, nor a recommendation to buy or sell, any security or financial instrument. Accounts managed by PNC and its affiliates may take positions from time to time in securities recommended and followed by PNC affiliates. PNC does not provide legal, tax, or accounting advice unless, with respect to tax advice, PNC Bank has entered into a written tax services agreement. PNC does not provide services in any jurisdiction in which it is not authorized to conduct business. PNC Bank is not registered as a municipal advisor under the Dodd-Frank Wall Street Reform and Consumer Protection Act ( Act ). Investment management and related products and services provided to a municipal entity or obligated person regarding proceeds of municipal securities (as such terms are defined in the Act) will be provided by PNC Capital Advisors. Securities are not bank deposits, nor are they backed or guaranteed by PNC or any of its affiliates, and are not issued by, insured by, guaranteed by, or obligations of the FDIC, the Federal Reserve Board, or any government agency. Securities involve investment risks, including possible loss of principal. Hawthorn, PNC Family Wealth is a registered service mark and PNC Center for Financial Insight is a service mark of The PNC Financial Services Group, Inc The PNC Financial Services Group, Inc. All rights reserved.
PHILANTHROPIC SOLUTIONS. Living your values
PHILANTHROPIC SOLUTIONS Living your values COMPREHENSIVE ADVICE AND SOLUTIONS FROM U.S. TRUST Philanthropic planning Foundation advisory services Grantmaking Charitable trusts Donor-advised funds Private
More informationLegal and Ethical Issues for Foundations
Legal and Ethical Issues for Foundations Delaware Valley Grantmakers Fundamentals of Smart Grantmaking Series January 11, 2012 Nina L. Cohen, Managing Director, Philanthropic Advisory Services 215-419-6722
More informationCONDUCTED IN PARTNERSHIP WITH THE INDIANA UNIVERSITY LILLY FAMILY SCHOOL OF PHILANTHROPY
THE 2016 U.S. TRUST STUDY OF HIGH NET WORTH PHILANTHROPY 1 CONDUCTED IN PARTNERSHIP WITH THE INDIANA UNIVERSITY LILLY FAMILY SCHOOL OF PHILANTHROPY Executive Summary Insights into the motivations, priorities
More informationStewardship Principles for Corporate Grantmakers
Stewardship Principles for Corporate Grantmakers Through their philanthropy, companies aspire to achieve a lasting and positive impact on society. Companies resources extend well beyond cash and product
More information2. Review the requirements necessary for grant agreement execution; and
1 This is the first in a series of five webinars designed to provide an overview for new CDBG grantees. The webinars will be held over the next three months, each one hour in length, and include: 1. Getting
More informationDonor-Advised Fund Guidelines 2017
Donor-Advised Fund Guidelines 2017 1 Hartford Foundation for Public Giving Donor-Advised Fund Guidelines Table of Contents Staff Contact Information 3 Hartford Foundation Mission Statement..4 Role Of Fund
More information1. With this change, who owns The Philadelphia Inquirer, Daily News and philly.com?
Q&A / Frequently Asked Questions FINAL: January 12, 2016 1. With this change, who owns The Philadelphia Inquirer, Daily News and philly.com? The newspapers remain in the same legal entity (Philadelphia
More informationI 2 Program Frequently Asked Questions
I 2 Program Frequently Asked Questions What is the Genome BC Industry Innovation (I 2 ) Program? The I 2 Program offers repayable growth capital to businesses (with less than 500 employees), commercializing
More information1. All donors to the Foundation are appropriately recognized for their contribution to the service, accomplishments and growth of the university;
Policy Directory Responsible Division: Institutional Advancement Responsible Office: ASU Foundation Issue/Revision Date: 12/01/2017 Donor Recognition Policy: I. PURPOSE The purpose of this policy is to
More informationBOARD OF REGENTS POLICY
Page 1 of 7 SECTION I. PURPOSE. Subd. 1. Purpose of Foundations. Private support for public higher education is an accepted and firmly established practice throughout the nation. Foundations are established
More informationCDBG Timeliness and Best Practices to Achieve Timely Performance
CDBG Timeliness and Best Practices to Achieve Timely Performance Welcome to the US Department of Housing and Urban Development s presentation entitled, CDBG Timeliness and Best Practices to Achieve Timely
More informationADVANCED MANUFACTURING FUTURES PROGRAM REQUEST FOR PROPOSALS. Massachusetts Development Finance Agency.
ADVANCED MANUFACTURING FUTURES PROGRAM REQUEST FOR PROPOSALS Massachusetts Development Finance Agency 99 High Street, 11 th Floor, Boston, MA 02110 www.massdevelopment.com RFP Issued: September 25, 2013
More informationPOLICY STATEMENT. Individual Student Bucknell student or group of Bucknell students, other than those groups defined herein.
1 POLICY STATEMENT The objective of this policy is to ensure that fundraising, promotions, and the sale of goods and services by students, student organizations, athletic teams, departments, programs,
More informationNortheast Power Coordinating Council, Inc. Regional Standards Process Manual (RSPM)
DRAFT FOR REVIEW & COMMENT Last Updated 5/15/13 Note to reviewers: Links to NERC website and process flow charts will be finalized for the final review. Northeast Power Coordinating Council, Inc. Regional
More informationPOLICIES, RULES AND PROCEDURES
POLICIES, RULES AND PROCEDURES of the Propane Education and Research Council, Inc. Suite 1075 1140 Connecticut Avenue, NW Washington, DC 20036 As Amended Through February 3, 2011 Table Of Contents SECTION
More informationAHP Application Getting Started Application Tips
AHP Application Getting Started Application Tips Timing of AHP The AHP application will be accepted in a single round. The application is typically available beginning midwinter and due in the spring,
More informationNorthumbria Healthcare NHS Foundation Trust. Charitable Funds. Staff Lottery Scheme Procedure
Northumbria Healthcare NHS Foundation Trust Charitable Funds Staff Lottery Scheme Procedure Version 1 Name of Policy Author Alison Nell Date Issued 1 st March 2017 Review Date 1 st March 2018 Target Audience
More informationDebunking Grant Myths
2017 Navigate Summit Debunking Grant Myths Strategies for Winning Institutional Awards Meacie Fairfax Senior Analyst, EAB Strategic Research ROAD MAP 3 1 Introduction: Why Myths? 2 Busting Common Grant
More informationFREQUENTLY ASKED QUESTIONS. Native American Agriculture Fast Track Fund
FREQUENTLY ASKED QUESTIONS Native American Agriculture Fast Track Fund 1. Who is eligible to apply for NAAFTF Awards? Organizations must have an approved non-profit status, which can be met in one of four
More informationDEVELOPMENT OPERATIONS POLICY
DEVELOPMENT OPERATIONS POLICY I. INTRODUCTION This development operations policy sets forth the processes under which Cloud Foundry.org Foundation, Inc. (the Foundation ) software development will function.
More informationCMS Issues Final Rules on Hospital Medical Staff Conditions of Participation
CMS Issues Final Rules on Hospital Medical Staff Conditions of Participation In early 2013, NAMSS provided comment to the Centers for Medicare & Medicaid Services (CMS) proposals to the Medical Staff Conditions
More informationPublic Art Policy Markham Municipal Projects
Appendix A Public Art Policy Markham Municipal Projects Policy Category: Public Realm Related Policy No.: 2012 CFS 02 Implementing Procedure No.: Approving Authority: Effective Date: Markham Council Approved
More informationInland Empire Health Plan Quality Management Program Description Date: April, 2017
Inland Empire Health Plan Quality Management Program Description Date: April, 2017 Page 1 of 35 Table of Contents Introduction.....3 Mission and Vision........3 Section 1: QM Program Overview........4
More informationAlliance for Nursing Informatics Operating Guidelines
Alliance for Nursing Informatics Operating Guidelines Purpose The Alliance for Nursing Informatics, hereinafter referred to as ANI, is a collaboration of organizations that represent a unified voice for
More informationFULTON COUNTY, GEORGIA OFFICE OF INTERNAL AUDIT FRESH and HUMAN SERVICES GRANT REVIEW
FULTON COUNTY, GEORGIA OFFICE OF INTERNAL AUDIT FRESH and HUMAN SERVICES GRANT REVIEW June 5, 2015 TABLE OF CONTENTS PAGE Introduction... 1 Background... 1 Objective... 1 Scope... 2 Methodology... 2 Findings
More informationIntroduction to Health Center Governance
2000 Alan Pogue Introduction to Health Center Governance National Center For Farmworker Health May 2015 Outline Community Health Centers (CHC) Health Center Governing Boards Responsibilities of a Board
More informationOPERATING PRINCIPLES. Strengthening Nonprofit Organizations. Approaching Grants as Investments. Leveraging Resources
OPERATING PRINCIPLES Fidelity Investments Chairman Edward C. Johnson 3d and his father, the founder of the company, established the Fidelity Foundation, a private, non-operating foundation, in 1965 with
More informationGuide to Implementing the District MOU
District Rotary Foundation Committee Manual 7 Guide to Implementing the District MOU Rotary Reminder Pilot districts in India have different club and district MOUs and procedures, so these districts should
More informationQuality and Governance Committee. Terms of Reference
Quality and Governance Committee Terms of Reference 1. Constitution 1.1 The Clinical Commissioning Group s Governing Body hereby resolves to establish a Committee of the Governing Body known as the Quality
More informationMidway City Council 11 July 2018 Regular Meeting. Financial Advisory Services / Award Contract
Midway City Council 11 July 2018 Regular Meeting Financial Advisory Services / Award Contract REQUEST FOR PROPOSALS FINANCIAL ADVISORY SERVICES NOTICE IS HEREBY GIVEN, that Midway City is requesting proposals
More informationAdvocacy building relationships and educating others about NSCC and its mission.
1.0 PURPOSE 1.1 To help advance the vision and mission of the Nova Scotia Community College, NSCC has established and incorporated a not-for-profit organization, the Nova Scotia Community College Foundation
More informationCHARTER SCHOOL LEGAL ISSUES: Friends Of Organizations
CHARTER SCHOOL LEGAL ISSUES: Friends Of Organizations A. Friends Of Organizations School Support and Fundraising Groups 1. A Friends of XYZ Charter School organization is a separate, not-for-profit 501(c)(3)
More informationStatement of Guiding Principles
Statement of Guiding Principles The following eight Principles reflect aspirations and Dear Colleague, The Board of Directors of the Association of Baltimore Area Grantmakers is pleased to present these
More informationChapter 21. Chapter 21 Booster Clubs, Foundations, Auxiliary Organizations and Other Parent-Teacher Associations
Chapter 21 Chapter 21 Booster Clubs, Foundations, Auxiliary Organizations and Other Parent-Teacher Associations Booster clubs, foundations, auxiliary organizations and other parent-teacher organizations
More informationGlossary of Nonprofit Terms
Glossary of Nonprofit Terms 501(C)(3): The section of the U.S. tax code that defines nonprofit, charitable, tax-exempt organizations; 501(c)(3) organizations are further defined as public charities, private
More informationBingo Casino Pull-Ticket Raffle
Bingo Casino Pull-Ticket Raffle Licensing and Charitable Gaming Regulatory Division February 2010 TABLE OF CONTENTS A. INTRODUCTION B. DEFINITIONS C. APPLICATION FOR GAMING LICENCE D. CHARITABLE & RELIGIOUS
More information(No. 306) (Approved September 15, 2004) AN ACT
(H.B. 4851) (No. 306) (Approved September 15, 2004) AN ACT To amend Sections 1, 1-A, 3, 4, 6, 8, 9, 10, 11, 13 and 14 and repeal Section 12 of Act No. 82 of June 1, 1973, as amended, known as the College
More informationNortheast Power Coordinating Council, Inc. Regional Standard Processes Manual (RSPM)
Northeast Power Coordinating Council, Inc. Regional Standard Processes Manual (RSPM) Approved b y F ERC: December 23, 2014 App r oved by NER C B oard of Trustees: A u gust 14, 2014 App r oved by NPCC B
More informationWayne D. Kuni and Joan E. Kuni Foundation. Executive Director Job Description
Wayne D. Kuni and Joan E. Kuni Foundation Executive Director Job Description About The Kuni Foundation The mission of the Wayne D. Kuni and Joan E. Kuni Foundation is to support medical research, especially
More informationThe IRS Form 990, Schedule H Community Benefit and Catholic Health Care Governance Leaders
The IRS Form 990, Schedule H Community Benefit and Catholic Health Care Governance Leaders New Obligation, New Opportunity VI V II III I IV The Information the IRS asks Hospitals to Report on the Form
More informationEstate Planning for Diminished Capacity Call Audio Transcript October 28, 2015
Estate Planning for Diminished Capacity Call Audio Transcript October 28, 2015 Speakers: Sally Mullen Dave Gutzke Margaret Paddock Chief Fiduciary Officer Wealth Management Advisor Twin Cities Market Leader
More informationUSAID Civic Initiatives Support Program. Civic Initiatives Support Fund Annual Program Statement 2014
USAID Civic Initiatives Support Program Civic Initiatives Support Fund Annual Program Statement 2014 FREQUENTLY ASKED QUESTIONS (FAQs) as of August 26, 2014 This document provides information on a variety
More informationAttachment A. Procurement Contract Submission and Conflict of Interest Policy. April 23, 2018 (revised)
Attachment A Procurement Contract Submission and Conflict of Interest Policy ADOPTION/EFFECTIVE DATE: MOST RECENTLY AMENDED: May 17, 2014 September 15, 2014 (revised) November 21, 2016 (revised) LEGAL
More informationAPPLICATION FOR CITY OF BELLINGHAM COMMUNITY HOUSING DEVELOPMENT ORGANIZATION (CHDO) CERTIFICATION
APPLICATION FOR CITY OF BELLINGHAM COMMUNITY HOUSING DEVELOPMENT ORGANIZATION (CHDO) CERTIFICATION City of Bellingham Planning & Community Development Department 210 Lottie Street Bellingham, WA 98225
More informationCaring for Your Aging Parents
Emilio Vazquez SVP/CNB Wealth Management & Investment Executive INFINEX INVESTMENTS, INC. 1801 SouthWest 1st Street Miami, FL 33131 305-631-6410 emilio.vazquez@infinexgroup.com Caring for Your Aging Parents
More informationPolicies and Procedures for Funded Agencies
Policies and Procedures for Funded Agencies Adopted: September 2016 1 United Way s vision for Southeast Mississippi is to transform the quality of life in our community. We are on a mission to cultivate
More informationIMPACTING AND PRESERVING THE FUTURE FOR ALL OF US Silicon Valley Community Foundation
IMPACTING AND PRESERVING THE FUTURE FOR ALL OF US Silicon Valley Community Foundation LETTER FROM CEO Welcome to the new Silicon Valley Community Foundation Thanks to the commitment of people like you,
More informationThe Renaissance Charitable Gift Fund. Donor-Advised Fund Program
The Renaissance Charitable Gift Fund Donor-Advised Fund Program www.rcgf.org TABLE OF CONTENTS Renaissance Charitable Gift Fund... Page 2 Donor-Advised Funds... Page 3 Definitions... Page 3 Donors and
More informationDepartment of the Army. Welfare Fund UNCLASSIFIED. Army Regulation Nonappropriated Funds and Related Activities.
Army Regulation 230 3 Nonappropriated Funds and Related Activities Department of the Army Welfare Fund Headquarters Department of the Army Washington, DC 30 June 2016 UNCLASSIFIED SUMMARY of CHANGE AR
More informationAppendix 5A. Organization Registration and Certification Manual. WORKING DRAFT-August 26, 2014
Appendix 5A Organization Registration and Certification Manual WORKING DRAFT-August 26, 2014 Effective: October 4, 2013TBD www.nerc.com Table of Contents Section I Executive Summary... 1 To Whom Does This
More informationYour vision Your contribution Your legacy
AET foundation Your vision Your contribution Your legacy Create a meaningful, philanthropic legacy with the AET Foundation. Do you want your giving to make a lasting impact? While motivations for giving
More informationTEXAS LOTTERY COMMISSION INTERNAL AUDIT DIVISION. An Internal Audit of CHARITABLE BINGO LICENSING
TEXAS LOTTERY COMMISSION INTERNAL AUDIT DIVISION An Internal Audit of CHARITABLE BINGO LICENSING IA #09-004 October 2008 TABLE OF CONTENTS EXECUTIVE SUMMARY... 1 MANAGEMENT S OVERALL RESPONSE... 2 DETAILED
More informationStandards and Guidelines for Program Sponsorship
Standards and Guidelines for Program Sponsorship Updated December 2017 Table of Contents Section 1. Overview...3 Section 2. Applying for Sponsorship...4 Section 3. ABMS Member Board Recognition for MOC
More information1.1 Charitable Fundraising Strategy
KIWANIS CLUB OF OTTAWA 1.1 Charitable Fundraising Strategy 2013-14 Business Year Release 1.0 This strategy provides the policy and processes to conduct KCO fundraising activities from public sources for
More informationAN INTRODUCTION TO FINANCIAL MANAGEMENT FOR GRANT RECIPIENTS. National Historical Publications and Records Commission
AN INTRODUCTION TO FINANCIAL MANAGEMENT FOR GRANT RECIPIENTS National Historical Publications and Records Commission March 5, 2012 Contents USE OF THE GUIDE... 2 ACCOUNTABILITY REQUIREMENTS... 2 Financial
More informationDanske Bank How we do engagements
Danske Bank How we do engagements Presentation to Nordic SIF, September 25, 2018 This presentation is intended to be used as marketing material, reserved for professional/qualified clients, as defined
More informationGuidelines for Grant Seekers
Guidelines for Grant Seekers The FOUNDATION Of the Great Lakes Conference Churches of God General Conference GUIDELINES FOR GRANT SEEKERS THE FOUNDATION OF THE GREAT LAKES CONFERENCE, CHURCHES OF GOD,
More informationFIRST AMENDED Operating Agreement. North Carolina State University and XYZ Foundation, Inc. RECITALS
FIRST AMENDED Operating Agreement North Carolina State University and XYZ Foundation, Inc. This Operating Agreement (Agreement) is made between North Carolina State University (NC State) and XYZ Foundation,
More informationChicago Affinity Group
Volunteer Handbook Chicago Affinity Group Supplement Revised March 2012 Chicago Affinity Groups comprise alumni, students, parents, and friends who wish to actively engage with each other around a central
More informationCommunity Foundation Serving West Central Illinois & Northeast Missouri. Grant Policy and Guidelines
Community Foundation Serving West Central Illinois & Northeast Missouri (217) 222-1237 www.mycommunityfoundation.org Grant Policy and Guidelines To effectively fulfill its philanthropic responsibilities
More informationCultural Endowment Program
Cultural Endowment Program 2018-2019 Guidelines Table of Contents About this Document Purpose Structure Endowment Forms Cultural Sponsoring Organization Designation Eligibility Requirements Administrative
More informationServices that help donors give their support more generously
Working Together The Fidelity Charitable Gift Fund is an independent public charity Like your organization, we are also a nonprofit. Our donor advised fund program, called the Giving Account, helps us
More informationNOT-FOR-PROFIT INSIDER
NOT-FOR-PROFIT INSIDER VOLUME 9 :: ISSUE 3 In This Issue: Streamlining OMB Guidance For Federal Funding Of Nonprofit Organizations New 1023-EZ Makes Applying For 501(C)(3) Tax-Exempt Status Easier Identifying
More informationGrant Review and Pre-Award Process Elisa Gleeson Senior Grants Management Specialist
Grant Review and Pre-Award Process Elisa Gleeson Senior Grants Management Specialist 1 Learning Objectives Participants will gain an understanding of the elements of preaward and how to think through required
More informationREQUEST FOR PROPOSAL EXECUTIVE AND OPERATIONAL CONSULTING SERVICES RFP (LAF EOCS ) Issued by: LAZIN ANIMAL FOUNDATION, INC.
REQUEST FOR PROPOSAL EXECUTIVE AND OPERATIONAL CONSULTING SERVICES RFP (LAF EOCS 010316) Issued by: LAZIN ANIMAL FOUNDATION, INC. www.lazinanimal.org Closing Date July 15, 2016 Closing Time 5:00 PM EST
More informationRoles and Principles of Governance Agreement
Roles and Principles of Governance Agreement Table of Contents 1.0 Preamble 2.0 Definitions 3.0 Principles and Values 4.0 Organizational Framework 5.0 Governance Structure 6.0 Resource Allocation 7.0 Dispute
More informationALABAMA HOUSING FINANCE AUTHORITY
ALABAMA HOUSING FINANCE AUTHORITY 2018 COMMUNITY HOUSING DEVELOPMENT ORGANIZATION (CHDO) CERTIFICATION APPLICATION Applicant Name: Application Date: AHFA 2018 CHDO CERTIFICATION APPLICATION Organization
More informationINFRASTRUCTURE GRANT PROGRAM (IGP)
INFRASTRUCTURE GRANT PROGRAM (IGP) GUIDELINES Hardee County Economic Development Authority c/o County Manager s Office 412 W. Orange Street, Room 103 Wauchula, FL 33873 Voice (863) 773-9430 Fax (863) 773-0958
More informationThe Office of Innovation and Improvement s Oversight and Monitoring of the Charter Schools Program s Planning and Implementation Grants
The Office of Innovation and Improvement s Oversight and Monitoring of the Charter Schools Program s Planning and Implementation Grants FINAL AUDIT REPORT ED-OIG/A02L0002 September 2012 Our mission is
More informationGEORGIA BAR FOUNDATION, INC. Request for Proposals
GEORGIA BAR FOUNDATION, INC. Request for Proposals The Georgia Bar Foundation, Inc. ( GBF or the Bar Foundation) has received $13,005,533 as a result of a settlement between the U.S. Department of Justice
More informationINTEGRATION SCHEME (BODY CORPORATE) BETWEEN WEST DUNBARTONSHIRE COUNCIL AND GREATER GLASGOW HEALTH BOARD
INTEGRATION SCHEME (BODY CORPORATE) BETWEEN WEST DUNBARTONSHIRE COUNCIL AND GREATER GLASGOW HEALTH BOARD This integration scheme is to be used in conjunction with the Public Bodies (Joint Working) (Integration
More informationPAINTER EXECUTIVE SEARCH
PAINTER EXECUTIVE SEARCH Position Description Painter Executive Search is supporting the in their search for a new dedicated to improving the lives of Contra Costa County residents through engaged, informed
More information2017 Annual Giving Report
2017 Annual Giving Report Our exceptionally generous donors gave $1.6 billion to charity in fiscal year 2017. Grants from Schwab Charitable donors reach an all-time high In fiscal year 2017, Schwab Charitable
More informationFiduciary Arrangements for Grant Recipients
Table of Contents 1. Introduction 2. Overview 3. Roles and Responsibilities 4. Selection of Principal Recipients and Minimum Requirements 5. Assessment of Principal Recipients 6. The Grant Agreement: Intended
More informationSECOND AMENDED AND RESTATED R E S E R V A T I O N P R O C E D U R E S F O R T H E R I T Z - C A R L T O N C L U B, L A K E T A H O E
SECOND AMENDED AND RESTATED R E S E R V A T I O N P R O C E D U R E S F O R T H E R I T Z - C A R L T O N C L U B, L A K E T A H O E E F F E C T I V E A S O F J A N U A R Y 1, 2018 1 SECOND AMENDED AND
More information2017 IMDA-Tableau NIC Face-off Community-driven Data Stories Competition - Official Rules
2017 IMDA-Tableau NIC Face-off Community-driven Data Stories Competition - Official Rules THE FOLLOWING COMPETITION IS OPEN TO VALIDLY REGISTERED USERS OF TABLEAU PUBLIC WHO ARE LEGAL RESIDENTS OF SINGAPORE
More informationThe Green Initiative Fund
The Green Initiative Fund MISSION STATEMENT The Green Initiative Fund (TGIF) shall aim to empower students with active roles in reducing the environmental footprint of the University of California, Irvine
More informationSENATE, No. 876 STATE OF NEW JERSEY. 218th LEGISLATURE PRE-FILED FOR INTRODUCTION IN THE 2018 SESSION
SENATE, No. STATE OF NEW JERSEY th LEGISLATURE PRE-FILED FOR INTRODUCTION IN THE 0 SESSION Sponsored by: Senator STEPHEN M. SWEENEY District (Cumberland, Gloucester and Salem) Senator STEVEN V. OROHO District
More informationPTA fundraising activities are carried out by a committee whose chairman is an appointed or elected member of the executive board.
Fundraising for PTAs Home Page> Finance > Fundraising for PTAs Fundraising is the method of raising money to finance PTA programs and projects. The fund-raising project must support the goals of PTA and
More informationFinancial Grants Management. Session Outline. Grants Management Roles 4/19/10
Financial Grants Management Presented by: Donna Teague Grant Accounting Supervisor El Paso County Auditor s Office Small Counties Large Counties Grants Management Records Session Outline New Application
More information9. Positioning Ports for Grant Funding and Government Loan Programs
9. Positioning Ports for Grant Funding and Government Loan Programs 9.1. Grant Funding Overview Grant funding continues to be a key factor for ports in meeting capital investment requirements. Grants can
More informationRelease Date: February 7, 2014 Due Date: March 31, 2014 at 5:00pm. FY15 Breakthrough Fund Request for Proposals
Release Date: February 7, 2014 Due Date: March 31, 2014 at 5:00pm FY15 Breakthrough Fund Request for Proposals February 7, 2014 Dear Jewish Community Leaders, Thinkers, and Innovators, The Jewish United
More informationTahoe Truckee Community Foundation (TTCF) President and CEO Position Description
Tahoe Truckee Community Foundation (TTCF) President and CEO Position Description The Tahoe Truckee Community Foundation is seeking a seasoned leader to engage the community and build the leadership and
More informationNOT-FOR-PROFIT INSIDER
NOT-FOR-PROFIT INSIDER VOLUME 11 :: ISSUE 3 In This Issue: Challenges For Nonprofits In 2017: Fulfilling Mission Goals With Flexible Strategies Presenting The Financial Statements With Appeal To Major
More informationQUINTE HEALTH CARE PRINCIPLES OF GOVERNANCE AND BOARD ACCOUNTABILITY
QUINTE HEALTH CARE PRINCIPLES OF GOVERNANCE AND BOARD ACCOUNTABILITY 1. Quinte Health Care (QHC) is one hospital corporation with four interdependent sites. 2. The Board of Directors (Board) governs Quinte
More informationPANEL ON THE NON-PROFIT SECTOR GOOD GOVERNANCE RECOMMENDATIONS
Panel on the Non-Profit Sector recommendations: Effectiveness and Relevance to Good Governance of Nonprofit, Tax-Exempt Arts Organizations Erin Puskar Shenandoah University 1 Abstract This article discusses
More informationTRUSTEE BOARD OF THE HOSPITAL OF THE UNIVERSITY OF PENNSYLVANIA
TRUSTEE BOARD OF THE HOSPITAL OF THE UNIVERSITY OF PENNSYLVANIA Philosophy The Hospital of the University of Pennsylvania provides for the health care of its patients, serves as a clinical facility for
More informationGuidelines for the Virginia Investment Partnership Grant Program
Guidelines for the Virginia Investment Partnership Grant Program Purpose: The Virginia Investment Partnership Grant Program ( VIP ) is used to encourage existing Virginia manufacturers or research and
More informationPolicymaking Made Clear: Eleven Foundation Policies Your Board Should Consider
Policymaking Made Clear: Eleven Foundation Policies Your Board Should Consider By Elaine Gast $15 Non-Member $10 ASF Member www.smallfoundations.org Policymaking Made Clear Eleven Foundation Policies Your
More informationLouisiana State Nurses Association Primary Nurse Planner: Roles and Functions
Louisiana State Nurses Association Introduction The Primary Nurse Planner is the licensed registered nurse accountable for the overall functioning of an Approved Provider Unit. This paper will describe
More informationREQUEST FOR INTEREST. Proposed Imperial County Health & Wellness Fund
REQUEST FOR INTEREST July 12, 2018 Proposed Imperial County Health & Wellness Fund Responses Due: Monday, August 13, 2018 at 12:00 noon PST A. SUMMARY STATEMENT Alliance Healthcare Foundation (AHF) proposes
More informationStatement of Guidance: Outsourcing Regulated Entities
Statement of Guidance: Outsourcing Regulated Entities 1. STATEMENT OF OBJECTIVES 1.1 This Statement of Guidance ( Guidance ) is intended to provide guidance to regulated entities on the establishment of
More informationNon-Time Limited Supportive Housing Program for Youth Request for Proposals for Supportive Housing Providers (RFP)
Non-Time Limited Supportive Housing Program for Youth Request for Proposals for Supportive Housing Providers (RFP) A collaborative program between the Ohio Department of Youth Services and CSH I PROJECT
More informationSponsored Program Administration Policy Approved by Academic Senate on 4/4/06
Sponsored Program Administration Policy Approved by Academic Senate on 4/4/06 Page 1 of 10 Article 1. Definitions 1.1. Auxiliary means an Auxiliary Organization as defined in Executive Order No. 698. 1.2.
More informationOperating Agreement for Stichting Christian Business Angels Nederland
Operating Agreement for Stichting Christian Business Angels Nederland 1. Introduction This document presents the Operating Agreement (in Dutch: Huishoudelijk Reglement) of the Stichting Christian Business
More informationThe Green Initiative Fund
The Green Initiative Fund MISSION STATEMENT The Green Initiative Fund (TGIF) shall aim to empower students with active roles in reducing the University of California Irvine environmental footprint through
More informationSAMH Block Grant Charitable Choice Policy
SAMH Block Grant Charitable Choice Policy April 10, 2014 Florida Department of Children and Families Substance Abuse and Mental Health Services 1 I. CHARITABLE CHOICE BLOCK GRANT REQUIREMENTS... 3 II.
More informationOCH Residential Government Constitution
OCH Residential Government Constitution Resident Government Council take on active roles by promoting True Bruin values on the Hill and upholding the Mission and Core Values of Residential Life. Resident
More informationJUNIOR GRANT APPLICATION
INTERNATIONAL MYELOMA FOUNDATION 2018 Brian D. Novis Research Award JUNIOR GRANT APPLICATION INTERNATIONAL MYELOMA FOUNDATION 2018 BRIAN D. NOVIS RESEARCH AWARD Provided by private donations from individuals
More informationAmerican Osteopathic College Disclosure to Learners For Continuing Medical Education Activities
American Osteopathic College Disclosure to Learners For Continuing Medical Education Activities The Continuing Medical Education Program of the American Osteopathic College of Dermatology will support
More information