Closing a nonprofit charitable institution presents a range of unknowns to the grantmaking community. In this analysis, authors John Dickason and Duncan Neuhauser provide guidance to foundations considering whether to create a time-limited foundation or bring a foundation to an end. Topics include managing finances, grants, human and physical resources, archives, history and records.
Community foundations are grantmaking public charities that are dedicated to improving the lives of people in a defined local geographic area. They bring together the financial resources of individuals, families, and businesses to support effective nonprofits in their communities. Community foundations vary widely in asset size, ranging from less than $100,000 to more than $1.7 billion.
Community foundations play a key role in identifying and solving community problems. In 2011, they gave an estimated $4.3 billion to a variety of nonprofit activities in fields that included the arts and education, health and human services, the environment, and disaster relief. The Community Foundations National Standards Board confirms operational excellence in six key areas—mission, structure, and governance; resource development; stewardship and accountability; grantmaking and community leadership; donor relations; and communications. Foundations that comply with these standards can display the official National Standards Seal. Right now nearly 500 community foundations have earned the seal.
More than 750 community foundations operate in urban and rural areas in every state in the United States; currently, more than 570 belong to the Council on Foundations. The community foundation model also has taken hold around the world. According to the 2010 Community Foundation Global Status Report, there are 1,680 community foundations in 51 countries. Forty-six percent exist outside of the United States. You can use our Community Foundation Locator to view a list of community foundations in the United States.
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Understanding the challenges of currency fluctuations on international grantmaking, and taking action to minimize their impact can ensure that this natural process does not become an added barrier to overseas giving. This resource focuses on some of the challenges foundations and giving programs and their grantees face as a result of fluctuating currency exchange rates, and highlights various ways that U.S. grantmakers are dealing with them in their international grantmaking activities.
The Council on Foundations’ Foundation Management Series provides foundation boards and staff with the tools needed to benchmark their practices and operations against peers in the field. Containing data from the Council’s 2009 Foundation Management survey, the series consists of three reports: Board Composition and Compensation, Administrative and Investment Expenses, and Fiscal Oversight.
The Council conducted the foundation management survey in March 2010 in cooperation with the Foundation Center. Respondents were asked to provide information on their boards' demographics, compensation and reimbursement practices, liability insurance, ethics policies, and information on their foundations' administrative expenses and fiscal oversight. All reports in the series provide detailed breakdowns of survey data by foundation type and asset size.
The Council on Foundations’ Foundation Management Series provides foundation boards and staff with the tools needed to benchmark their practices and operations against peers in the field. Containing data from the Council’s 2009 Foundation Management survey, the series will consist of three reports: Board Composition and Compensation, Administrative and Investment Expenses, and Fiscal Oversight.
This report offers the most comprehensive information available on staff composition and compensation for U.S. foundations. It contains salaries for 34 full-time positions; allows grantmakers to benchmark compensation against their peers by foundation type, asset size, and region; and offers extensive information on benefits policies and practices such as health care premiums by plan type.
The 2012 Grantmakers Salary Tables provide aggregate information on U.S. foundation staff salaries and benefits. Free to participants and Council members and $79 for nonmembers, these tables present information on 34 staff positions across multiple foundation types (community, private, operating, and other), asset sizes and geographic regions. Tables provide the mean, median, range, 25th and 75th percentiles. These tables are included as Chapter 6 in the full 2012 Grantmakers Salary and Benefits Report.
Why should my community foundation care about public policy?
Community foundations have a unique philanthropic voice in to bring to policymakers in Washington D.C. You are fully integrated into the lifeblood of your communities, and are intimately familiar with the urgent needs of those you serve. This grassroots experience is invaluable, and it is essential that lawmakers hear your perspective so that the decisions they make reflect the needs of real communities across America.
Gifts to community foundations have long been used as planning tools by individuals with philanthropic goals. Apart from qualifying for the maximum income tax deduction and the estate tax deduction, the community foundation is a vehicle that provides donors a variety of opportunities for fulfilling their philanthropic objectives. Among the most critical outcomes in community foundation success is ensuring that legal processes, including compliance with the tax code, are adhered to.