February 2011 Entries

Understanding Private Foundations

I’ve seen it many times. A Christian family decides they want to formalize their giving. They go get advice from their lawyers and accountants who often are not Christians. Those advisors have the frame of reference of starting a private foundation, so off they go.                 The first few years may be bumpy as they learn the ropes of minimum distributions, excise taxes, the types of organizations they can support and of course filing the tax return. But the problem they miss, and their advisors miss is what happens when the founders pass away.                 When the founders pass away, the foundation typically will have a...

Stories of Generosity: Part 1

They are young, 20 somethings, married, but bitten by a bug. Not the typical bug mind you. They headed off to Malawi a few years back, and they met the children there.                These weren’t just any children. They were poor, utterly poor. They were skinny, protruding bellies.   They could stand a little protein and a few good meals, but what was most remarkable in their poverty were the smiles. These were the smiles of joy, gratefulness, and even mischief. What love flowed! It was if they did not know their own poverty.               So Josh and Kristen were changed. They came back and sold their nice big house. They bought...

New Year's Resolution #1- Successful Grant Writing in 12 Easy Steps!

Writing a Proposal Structure, attention to detail, concise persuasive writing, and a reasonable budget are the critical elements of the writing stage. There are many ways to organize proposals. Read the guidelines for specifications about required information and how it should be arranged. Standard proposal components are: the narrative, budget, appendix of support material, and authorized signature. Sometimes proposal applications require abstracts or summaries, an explanation of budget items, and certifications. 1. Narratives-Statement of need Purpose,  goals,  measurable objectives, and a compelling, logical reason why the proposal should be supported. Background provides perspective and is often a welcome component.  2. Approach Method and process...

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