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Looking forward: what do you think are the biggest trends and imperatives for 2023?
We asked philanthropic leaders to share what they see as the top trends in the months ahead. What is top of mind for you and your organization? What initiatives and ideas are you working on? Let's share what you're excited about, would love input on, and trends you see for the future! Looking for the Nonprofits discussion?…
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Divisions or affiliate?
Where can I find more information about financial reporting parameters and effects on the GL for affiliates and divisions? Here's our situation: we are receiving a farm that will be a separate legal and financial entity. It will be reported on a separate 990 from our organization, yet we'd like to be able to run financial…
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Closing a fund in an invested pool/strategy
1) What are your procedures for closing a fund that is currently in an investment pool? 2) Do you have a policy that explicitly states these procedures that the fund holder receives/signs off on as part of the onboarding process (i.e. Fund Agreement and/or Terms & Conditions)? If so, could you please share? Our current…
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Email Tax Receipts Best Practice
Hi there - we want to start emailing more tax receipts from donations to lower costs (printing, postage, etc.). However, our first stab at using this was extremely clunky. Does anyone have a process they use that they could share? We will be working to collect emails - but in the meantime we need to email what we can, and…
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Corporate/Employee Scholarships
Our team is working with a donor to establish a scholarship program for his employees. This is new to our foundation, and we want to ensure we set it up correctly. Is anyone willing to share their agreement language, criteria, scholarship committee makeup, process for working with HR to make sure you are meeting the…
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Outcomes
We are reevaluating how we collect anticipated outcomes in competitive grant applications. We currently just ask for them to be listed in a textbox, but notice many nonprofits struggle with this portion of the application. How does your organization collect anticipated outcomes in grant applications and what guidance do…
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Partial Funding Question
We are exploring adding a question to our grant application that asks applicants if they would be able to accept/complete their project/program with partial funding. We often partially fund applications and would like to be more transparent up front with applicants. I am struggling to come up with appropriate verbiage to…
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Non-donation revenue
We have a local Art Center who is a supporting organization of ours. We currently use QuickBooks for them but would like to bring them into Foundant. They receive a considerable amount of revenue that is not donations. Currently, we only receive a small number of non-donation funds and we record them with a voucher. This…
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Looking for unique or favorite grant application questions...
Our LOIs and Applications are very similar from year to year. I am looking for some new questions that would help us learn more from the organizations. What questions would make the organizations stand out based on their potential answers? They could be very specific targeted questions or larger, big picture questions.…
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Inflation Adjustments for Grants
Hi All, I hope I've aimed this query at the correct board. Our (small, private, Philly suburb) foundation has been wondering if it would make sense to offer inflation adjustments to grants we've given in 2022. Has anyone's organization done so? If our Board agreed to do this (send out $ on 2022 grants to adjust for…
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Webinar follow up - Connecting Your Scholarship Program to Your Organization's Strategy
@JuliaDaSilva from the Triangle Community Foundation shared how they have made significant changes to their scholarship administration practices to align their scholarship program with the foundation's overarching strategy. In this webinar, she highlighted changes they made to their application to remove barriers for…
