Explore the latest discussions in Compass!
Hello! We're using Asana as our new PMS. I've implemented it at other orgs, but not at other CFs. I'm wondering the following: Has anyone done any customizations/dependencies they've found helpful? Any tips or tricks they recommend? Any Foundant integrations on their way? Or workarounds recommended? Again, I'm familiar…
Hello, I'd like to hear from Foundation/grantmaking organizations about the type of financial information they request in their grantees' follow ups. Do you ask for an updated project budget? Year end financials? Balance sheet to date? Thanks for any info!
Our year end is December and we post the adjusting journal entries, which affects funds, by May or June of the following year. In that time, we are not able to produce financial statements for the new fiscal year. Until we can post the adjusting journal entries, then I can produce financial statements to date. Which are…
A primary consideration is that we serve in an advisory role to our DAF holders; they often look to us as experts, and the guidance we provide carries perceived authority. Because of that, we’re trying to assess whether this creates exposure that warrants this type of coverage. Thanks in advance for any input you can…
Hi everyone, I’m looking for feedback on our current donation workflow to see where we might improve efficiency, strengthen internal controls, or streamline steps. We have a part-time gift entry person and another staff member who assists with gift entry. Below is our current process: Current Donation Workflow Mail Opening…
Hello everyone! This is our first "end of year" as a foundation and I'd love any tips and best practices you have to share. These are the main things we are tracking: Donation Cutoff for Tax Year Only donations received or postmarked by December 31 can be included in that tax year. For checks, use the postmark date if…
We are looking into allowing donors for endowed funds to apply some of their donations to the spendable to the fund. Doing this will allow endowed fundholders to be able to grant more beyond their normal spendable. We want to provide donors with more flexibility in their granting. Is anyone currently doing this? How does…
Hi Everyone, Is anyone currently making grants to support organizations' efforts to purchase and/or implement AI tools to improve their operations, fundraising, etc.? Are these grants driven by the organizations? For example, are nonprofits indicating this is a need they have and they're submitting capacity-building…
How does everyone manage Component Funds, specifically those that do not have their own 501(c)(3) status and are advised by donor-advised fund (DAF) advisors who are part of the general public, that want to hold fundraising events (i.e. gala, golf outing)? More specifically, how do you oversee their activities? What…
The Rancho Santa Fe Foundation is excited to announce an opportunity to join our team as Director of Growth & Strategy. This is a key leadership role focused on expanding our impact and deepening our commitment to community. If you're a strategic and innovative thinker with a passion for philanthropy and…
