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About the Council

https://cof.org/about
The Council on Foundations is a nonprofit membership association that serves as a guide for philanthropies as they advance the greater good. Building on our 75-year history, the Council supports over 1,000 member organizations in the United States and around the world to build trust in philanthropy…

Resources

https://cof.org/resources
This section features all legal, best practices, sample documents, and resources we believe can help grantmakers and foundations. Some of these items are only available to members.

Community Foundation Locator

https://cof.org/page/community-foundation-locator
Find community foundations in your area.

U.S. Foundation Employment and Payment of Foreign Nationals and Students

https://cof.org/content/us-foundation-employment-and-payment-foreign-nationals-and-students
Over the past decade or so, economies have become more global and the tools for communicating news from around the world have become more effective and timely in reporting global events via the internet, video and text messaging, Twitter, and Facebook, to name but a few of these tools. Foundations…

Losing Tax-Exempt Status

https://cof.org/content/losing-tax-exempt-status
It is extremely rare for an organization to lose its tax-exempt status. When it happens, it's typically the end result of a three-step process: (1) The IRS conducts an examination of the tax-exempt organization; (2) the IRS issues a letter to the organization proposing revocation; then (3) the…

Learning from the Future: A Resource for Planning Ahead

https://cof.org/content/learning-future-resource-planning-ahead
The Economic Scenario Planning (ESP) model is designed to help community foundations of any size and shape create five-year forecasts and plan for multiple scenarios. Community foundations using the model cite important benefits, often revising goals or making operating model changes as a result.…

Public Disclosure of Form 990-PF

https://cof.org/content/public-disclosure-form-990-pf
Question: Our staff just received a request for a copy of our foundation's Form 990-PF. Are we required to provide this information? Answer: Yes. A foundation’s tax return on Form 990-PF provides a wealth of information about the organization including asset size, board members, salary…

Foundation Finance and Investment Management

https://cof.org/content/foundation-finance-and-investment-management
A Chapter in Mastering Foundation Law: The Council on Foundations Compendium of Legal Resources This chapter examines Uniform Prudent Management of Institutional Funds Act (UPMIFA) and other laws that govern the management and investment of endowments and other foundation financial assets. It…

What to Expect from an Audit

https://cof.org/content/what-expect-audit
A Chapter in Mastering Foundation Law: The Council on Foundations Compendium of Legal Resources This chapter addresses what foundations should expect from an audit. Nonprofits, including private foundations, are bracing for an uptick in audit activity from the Internal Revenue Service (IRS) as…

Public Disclosure Requirements for Foundations

https://cof.org/content/public-disclosure-requirements-foundations
Every organization exempt under Section 501(c)(3) of the Internal Revenue Code is required to disclose certain information to the public: The organization’s exemption application, Form 1023, is subject to public disclosure, along with any documents supporting the application and any letters…