Corporate Philanthropy
2015 Year in Review
Friends and Colleagues,
Last December, I spoke of 2014 as a Year of Action, and it was! We began putting into place the programs, services, and staff we knew would provide value to our members. In 2015, we’ve begun to see these foundational investments pay off, and I hope you’ve begun to see how…
Legal & Tax Compliance for Corporate Grantmakers
In collaboration with Minnesota Council on Foundations and Briggs & Morgan, national and local legal experts will provide an introduction to issues that often face corporate foundations and corporate giving programs. The session will cover a variety of topics including self-dealing, conflicts…
Increasing Impact, Enhancing Value: A Practitioner's Guide to Leading Corporate Philanthropy
Publication
Leaders of corporate foundations and giving programs have an opportunity to redefine the role of corporate philanthropy. By taking the initiative to align and engage their efforts more closely with the business, these leaders can help unleash new resources and ideas to enhance the company’s…
Registration is Now Open for the 2014 Annual Conference: Philanthropy Exchange
A brand new conference experience – Philanthropy Exchange – supercharges the Council on Foundations' Annual Conference with enhanced networking opportunities, an inclusive perspective on the shared values of the field, and a focus on the issues that matter to you.
Join over a thousand of your…
Systemic Change or Isolated Impact?
I am always drawn to an essay that talks about how we are motivated to give, especially when the main character is a guide dog named Lucy. In a thoughtful and thought-provoking piece in the New York Times, Paul Sullivan shared a story about his, and his wife’s, support of groups involved with…
Matching Gifts and Donor Benefits
Legal Compliance Guidance
Question: A public television station provides thank-you gifts of varying values based upon the amount of a donor’s contribution. An employee of a corporation makes a gift to a local public television station. Can the corporate foundation match the gift as part of its matching gift program, even…
Sharing Office Equipment & Supplies
Legal Compliance Guidance
Office equipment and supplies may always be shared if the parent company provides the foundation with the equipment or supplies free of charge. It is also possible for the parent company and the foundation to share the cost of equipment and supplies, but great care needs to be taken to structure…
Legal Question: Sharing Employees
Legal Compliance Guidance
Question:
May a company and its private foundation share employees?
Answer:
Yes, so long as any arrangement between the private foundation and the sponsoring company is structured in a way that does not violate the prohibition against self-dealing.
Corporate foundations and their sponsoring…
Tickets to Fundraisers
Legal Compliance Guidance
Question:
What should corporate foundations and their parent companies consider when purchasing tickets to fundraisers?
Response:
Whether they are tickets to a dinner, to a performance, or simply for general admission to a facility, tickets have an economic value. When a company or foundation…
Stewardship Principles for Corporate Grantmakers
Publication
The Stewardship Principles for Corporate Grantmakers are a set of governance best practices that embody how corporate philanthropies can reflect fundamental values including honesty, integrity, fairness, and trust, in their board governance, management, and grantmaking.
International Corporate Giving
Legal Compliance Guidance, Fundamentals
This brief provides practical advice on setting strategy, ensuring on-the-ground presence, and selecting partners for U.S.-based companies with foundations and/or giving programs that are either venturing into the international giving arena or seeking to enhance their current programs. The last…
Supporting Employee Volunteerism
Legal Compliance Guidance
Question: May a private company foundation support the volunteer activities of the sponsoring corporation's employees?
Answer: Company foundations sometimes play a role in coordinating volunteer activities of the sponsoring corporation's employees. The IRS has approved company foundations'…
Membership Dues and Self-Dealing
Legal Compliance Guidance
Question: Why do Council on Foundations membership materials and invoices state that if my foundation and corporate giving program share a membership, dues must be paid by the corporation? Is this true for other memberships as well?
Answer: IRS self-dealing rules prohibit private foundations (…
Mandatory Electronic Filing for Form 990 and 990-PF
Legal Compliance Guidance
Question: Are corporate foundations required to file electronically the 2006 Form 990 or Form 990-PF? Answer: Whether or not a corporate foundation is required to file electronically depends on a number of factors. Generally, only foundations with a substantial number of employees or consultants…
Sharing Office Space
Legal Compliance Guidance
Question:
Can a company provide office space to the company foundation?
Answer:
A parent company can always provide the company foundation with office space as long as it does so free of charge. While it is even possible for the parent company and the foundation to share the cost of office space…
How to Avoid Commingling
Legal Compliance Guidance
Question
The same company representatives serve on our company foundation board of directors and our Corporate Contributions Committee. Can we hold the meetings for both programs simultaneously?
Answer
No. While it is possible to hold the meetings for the corporate giving program and company…
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