What are my fiduciary responsibilities as required by federal and state law?
Does my foundation comply with all Internal Revenue Service regulations?
How does my foundation make sure that our expenses are reasonable?
What due diligence do we perform on grants?
What financial policies and practices are in place in our foundation? Do we have an approved annual budget, a written investment policy, sound recordkeeping and internal controls?
Do we periodically have an external review of our finances?