Comments

• We do the reverse--allow flow through funds to be opened, and then rainy day funds (non-endowed, grants made only when necessary), and then endowed funds. Helps organizations avoid thinking that endowed funds will take away from their customary donor base.

  in Restrictions/policies when permitting non-endowed or flow through funds? Comment by kathleensayce December 2023
• We change the category when it moves to board directed grants, and document that change, though we could go your route and create a new fund, linked to the old one. It's only happened once so far (we are a small, young CF). That alternate route might better protect the fund history, now that I am pondering your comments…

  in Process for changing fund types? Comment by kathleensayce September 2023
• We document this change to a board advised fund with a note linked to the original fund, date stamped, and in all fund agreements, include a paragraph about making this change if the original donors/fund managers relinquish decision making.

  in Process for changing fund types? Comment by kathleensayce September 2023
• Thanks for your comments, @KentWeimer. We are looking now at likely foundations nearby that will probably be damaged by the estimated worst case event, but whose communities will recover. Our intent is that this be a transition host until coastal communities rebuild--in whatever form that might take. Lots to think about!

  in Corporate Succession Planning Comment by kathleensayce August 2022
• CDP is focused on named disasters and providing relief/recovery. Thanks for the reminder, however, I may see if they have any suggestions for organizations within said areas.

  in Corporate Succession Planning Comment by kathleensayce July 2022
• We had already tackled the question of fund managers for individual funds by making the board the default decider if/when a business or family or community group lets go of the grantmaking decisions. It's in our DAF agreements. You can go back and add such a clause if the entity is still in existence. But we are now…

  in Corporate Succession Planning Comment by kathleensayce July 2022
• Thanks for the comments, everyone! @KentWeimer your comment on increased giving is an excellent point--I will share this with my board.

  in Bequest Best Practices Comment by kathleensayce January 2022
• I am also interested in learning more, and want to know what board polices should be in place. Any suggestions?

  in Bequest Best Practices Comment by kathleensayce January 2022
• @AmyOwen Is there a reason why the endowment is so small compared to the spendable? Is there an endowment goal for this fund? As for current value--that difference of $10K in value is an unrealized capital gain, which you can realize by selling the stock, then make a grant. If your policy allows a DAF manager to track the…

  in Market Earnings as Spendable Comment by kathleensayce December 2021
• CarolReynolds, your handbook is very thorough! Thanks for sharing the link.

  in Marketing Scholarships Comment by kathleensayce May 2021
• Like @LaurieAbildso, we send a packet out every year to all counsellors in the high schools we serve, and a note reminding each one of which scholarships students are eligible for in that school. It's detail intensive work, but without it, students do not look on their own or complete applications on their own. We also…

  in Marketing Scholarships Comment by kathleensayce May 2021