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In times of uncertainty, it’s more important than ever for funders to be aware of their grantees’ financial health. The IRS Form 990 is a useful tool to help ensure your organization is meeting not-for-profit requirements and can provide insight into potential upcoming opportunities and challenges.
The IRS Form 990 is a complex, comprehensive document — and a useful tool for confirming an organization is meeting its not-for-profit requirements. It can also provide insight into important opportunities and help reveal information related to your organization’s financial health.
When I started at Hirsch Philanthropy Partners, I had a few impressions. First, I was sensing a desire for big change in Bay Area philanthropy that I couldn’t quite put my finger on. I was engaging in conversations about race, power and decision making, which were the kinds of conversations I was having previously in the nonprofit space. I also discovered that several Bay Area grantmakers were already doing grantmaking differently, bringing diverse communities closer to the center of their work and challenging power dynamics. It felt like a ripe time for change.
Through our policy work, we aim to ensure the laws and policies governing the philanthropic ecosystem maximize the delivery of social good, expand economic security for individuals, families, and communities, advance and promote the rights of historically marginalized communities including communities of color, low-income communities, and immigrants and refugees in Northern California.
Since its founding, Akonadi Foundation has focused on supporting power building and organizing to advance racial justice in Oakland and around the state. In 2000, a year after Akonadi Foundation was launched, California voters approved Proposition 21, which targeted young people of color. Under Prop. 21, many 14-year-olds could be tried as adults rather than in juvenile court, and 16-year olds could be incarcerated in adult prisons. At Akonadi Foundation, we were inspired by the activism and efforts of youth advocates and youth-led groups against this racist ballot measure.
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Rising sea levels due to climate change have put people, the natural and built environment at severe
risk not only on the California coast, but throughout the state. Flooding affects housing and
transportation infrastructure and rising groundwater releases buried toxics, with disproportionately
impacting low-income communities of color bearing the greatest burden. The price tag to mitigate
these dangers to community and economic wellbeing are staggering, with over $110 Billion projected
for the Bay Area alone.