Amid the growing public scrutiny of philanthropy in recent years, legislators, the media and the general public are taking a closer look at foundations’ administrative expenses. This article offers some guidance to help foundations manage, benchmark and report their administrative expenses in ways that can effectively demonstrate and ensure they are spending their dollars wisely to fulfill the public trust.
Foundations must give serious thought to how much should be given away today and what should be saved for the future. Written with a particular advocacy position, this academic paper from the Hauser Center for Nonprofit Organizations provides a good summary of both sides of the foundation payout debate.
The heightened focus on nonprofit accountability in recent years has spurred calls for foundations and public charities to have adequate policies and procedures in place to ensure sound governance. One such policy that has become a recommended best practice for the sector is a whistleblower protection policy, yet most nonprofits still don’t have one. Here are some basic issues to consider when developing a whistleblower protection policy for your grantmaking organization.