Trust-Based Compliance: From Theory to Practice

Trust-based philanthropy aims to redistribute power in philanthropy through a set of guiding values and practices like multi-year unrestricted funding, streamlined applications and reporting, and a commitment to building relationships based on transparency, dialogue, and mutual learning . In theory, this is something everyone can get behind. However, when moving from theory to practice, CEOs, CFOs, and financial management teams have practical questions about operationalizing a trust-based practice. What are we legally required to report to the IRS? How can we be sure we're not breaking any rules?

These questions can lead to a spiral, limiting trust-based philanthropy practices from being implemented. But it doesn’t have to be this way.

What if CEOs, CFOs, and financial management teams pushed philanthropy to be more trust-based? What if legal teams and auditors used their expertise to help foundations adopt trust-based philanthropy practices?

This reimagined, trust-forward approach for legal and financial questions is already taking root at foundations across the country. In this webinar, a CFO, an attorney, a tax expert, and an auditor share how they have designed and implemented practices that are both aligned with the vision of trust-based philanthropy and fully compliant with all legal and financial regulations.

This session builds upon our previous webinar on the Legal Considerations of Trust-Based Philanthropy (recording available here). This session is ideal for CFOs, COOs, attorneys, auditors, and anyone else working on grantmaking-related compliance.

Speakers:

• Mynor Veliz, CFO: Headwaters Foundation

• Saskia de Boer, JD: Partner, Stoel Rives, LLP

• Jennifer Price, CPA: Partner in Charge (Portland), Moss Adams

• Wendy Campos, CPA: Partner,Moss Adams