News and Insights

Surprise! Your Foundation May Owe Taxes to the IRS

08/17/2018

Laura Pierce, Guest Contributor | If your foundation pays for its employees’ parking or transit passes or allows employees to set aside pre-tax dollars for their transit costs, you may be surprised to know that your foundation may now owe the IRS a 21% unrelated business income tax on those payments. And – surprise! – your first payment was due on April 15, so you may face a late-filing penalty, too. If you’re startled by this news, you’re not alone. more »

For a Small Community Foundation, the Right Technology Makes a Big Difference

06/03/2015

Hilary Canty, Executive Director, Orcas Island Community Foundation | In 2011, with assets of $4 million spread across 70+ funds, we had outgrown our "off the shelf" bookkeeping software, spending over half of our precious staff time on accounting. We struggled with finding right sized technology. Like Goldilocks, the existing programs just did not fit, being too cumbersome, too complicated, and far too expensive. Not a recipe for growth. Fortunately, the stars aligned. more »

New Perspectives on Workplace Diversity

04/21/2015

Lisa Galaites, Talent Partner and Board Liaison | Philanthropy Northwest is committed to diversity, equity and inclusion as key tenets of our culture, policies and processes. As the organization’s talent partner, eager to learn how others in our region think about diversity in the workplace, I joined 1,100 managers, human resource professionals, diversity specialists and employees at the Portland General Electric’s Diversity Summit 2015 earlier this month. Here are my takeaways: more »