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Philanthropy & Public Trust
What Every Grantmaker Should Know &
Frequently Asked Legal Questions


Foreword
  Letter to Colleagues and Friends
  Principles for Grantmakers
 
What Every Grantmaker Should Know
  Board Fiduciary Duties
  Private Foundation Self-Dealing
  Excess Benefit Transactions
  Board Compensation
  Staff Compensation
  Conflicts of Interest
  Reporting and Disclosure
  Investments
  Grantmaking
  Public Policy Engagement
 
Frequently Asked Legal Questions
  Lobbying
  Endowment Funds
  Community Foundations
  Private Foundation Self-Dealing
  Board Fiduciary Duties
  Investments
  Private Foundations vs. Public Charities
  5% Payout Rule
  Grantmaking
  Annual Reporting and Public Disclosure
  Financial Audits
 
Accountability Self-Assessment Tool for Private Foundations
 
Principles for Grantmakers &
Practice Options for Philanthropic Organizations


© 2007 Minnesota Council on Foundations

All rights reserved.

This publication is intended to raise the level of practice among foundations and, therefore, may be reproduced and transmitted to those involved with this work in the field of philanthropy, providing there is full credit to the copyright owner.


Legal Disclaimer
None of the information in these tools should be construed as offering legal advice. The specific advice of legal counsel is recommended before acting on any matter covered.

Questions?
Please contact the Minnesota Council on Foundations at 612.338.1989 or info@mcf.org.

 
Printable Format (PDF)
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64 pages, 316K

Black & White
64 pages, 309K 


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Sponsors

Sponsor ($6,000)

Northwest Area Foundation identifies, shares and advocates "what's working" to reduce poverty for the long term, partnering with select communities in Minnesota, Iowa, North Dakota, South Dakota, Montana, Idaho, Washington and Oregon.


Partner ($2,500)



Supporter ($1,000)

West Central Initiative Foundation


Underwriter ($5,000)

The Council also thanks the Forum of Regional Associations of Grantmakers for underwriting the distribution of this publication and Principles For Grantmakers & Practice Options for Philanthropic Organizations to all 1,300 grantmakers in the state of Minnesota.

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