This handbook has been recently updated and is designed specifically for trustees of small foundations with few or no staff. It is a comprehensive resource that features detailed guidance on important topics for every board member and trustee, including:

• Small Foundation Governance
• Grantmaking
• Tax and Legal Issues
• Financial oversight and investments.

In addition, the handbook includes updates on recent laws affecting small foundations and sample documents to save you time and money while helping you serve effectively in your role. This is our most comprehensive resource for every trustee and board member.

162 pages

Table of Contents: 

GOVERNANCE BASICS

Defining Roles and Responsibilities

Building a Healthy Board

Setting Direction

Running the Board Effectively

Making Plans for Succession

GRANTMAKING FUNDAMENTALS

Setting Up Your Grantmaking Program and Process

Doing Good Grantmaking

LEGAL AND TAX MATTERS

Understanding the Nonprofit World

Maintaining Essential Documents

Understanding Primary Federal Laws

Exercising Expenditure Responsibility

Meeting the Legal Obligations of Nonprofit Board Members

Addressing Liability Issues

Handling Tax Matters

FINANCIAL OVERSIGHT AND INVESTMENTS

Setting Internal Controls

Making Prudent Investment

Investment Glossary