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Showing: 1 - 10 of 14 results

An Overview of the Law Governing Community Foundations

https://cof.org/content/overview-law-governing-community-foundations
A Chapter in Mastering Foundation Law: The Council on Foundations Compendium of Legal Resources This chapter is intended to examine and explain those common legal characteristics shared by community foundations and to provide a comprehensive legal overview of the rules and regulations that…

Starting a Foundation: Formation and Considerations

https://cof.org/content/starting-foundation-formation-and-considerations
Many people want to start foundations, but few start out knowing exactly what sort of organization they are going to create. The purpose of this e-book is to help potential donors understand the many different entities that are commonly referred to as foundations and to provide an understanding of…

Is Perpetuity Too Long? Family Foundations Can Increase Impact With Sunset Dates

https://cof.org/content/perpetuity-too-long-family-foundations-can-increase-impact-sunset-dates
From the Family Foundation Advisor, this article reviews the sunset-vs.-perpetuity issue and considers the potential benefits of a sunset date, with the special considerations of small family foundations in mind.

Seeking Shared Success: Business Model Innovation through Mergers, Affiliations, and Alliances

https://cof.org/content/seeking-shared-success-business-model-innovation-through-mergers-affiliations-and-alliances
The challenges of the recent financial downturn have inspired many community foundations to find new paths to business model innovation. Alliances, affiliations, and mergers offer one path to “shared success.” Seeking shared success with other community foundations is one intriguing way to innovate…

Legal Considerations for Corporate Foundations

https://cof.org/content/legal-considerations-corporate-foundations
A Chapter in Mastering Foundation Law: The Council on Foundations Compendium of Legal Resources Many businesses set up related charitable organizations for the purpose of engaging in philanthropic endeavors supported by the company. Because the funding for these charitable organizations is…

Guidance on Closing a Private Foundation

https://cof.org/content/guidance-closing-private-foundation
There's more to closing down a private foundation than packing up and turning off the utilities. Here are some questions, considerations, and IRS directions. Sometimes it is time for a private foundation to disappear—assets may have dwindled significantly or family members no longer share a…

Nonprofit Mergers

https://cof.org/content/nonprofit-mergers
A look at some of the legal and non-legal aspects of merging one charitable program or organization with another. Ray S. Munney, executive director of the Zenith County Community Foundation, had three meetings scheduled Tuesday morning. The first was with the new manager of a local corporation'…

Starting a Foundation

https://cof.org/content/starting-foundation
Does the Council on Foundations provide assistance with starting a foundation? Can we join the Council before our foundation is formed? What are the general steps in starting a foundation? Should we set up our foundation as a trust or a corporation? What are the costs of starting a…

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