Legal status
Flourishing Futures Foundation is a U.S. nonprofit organization that has applied to the
Internal Revenue Service for recognition of federal tax-exempt status under Section 501(c)(3)
of the Internal Revenue Code. The application is currently pending.
While the application is pending, contributors do not have advance assurance from the IRS
that contributions are tax deductible. If the Foundation's timely filed application is
approved, federal tax-exempt recognition is generally effective from the organization's
formation date. Donors should consult their own tax advisers regarding their circumstances.
Charitable purpose
The Foundation is organized and operated to advance charitable and educational purposes.
Its resources are intended to support public-benefit activities including research,
education, dialogue, community participation and carefully scoped charitable initiatives
related to the conditions for human, social and ecological flourishing.
How we are funded
The Foundation is funded by private charitable contributions. It does not earn
commercial revenue, does not receive government funding, and is not currently soliciting
contributions from the public.
The Foundation is a separate legal entity with its own accounts and records. Its funds are
not commingled with the personal or business accounts of any individual, and are used only
for its charitable purposes and the reasonable operating costs of carrying them out.
Independence
Foundation resources are governed for charitable purposes.
Contributions do not purchase investment access, commercial services, ownership interests
or preferential treatment of any kind. The Foundation does not offer, market or facilitate
any investment.
Program and funding decisions are made according to the Foundation's charitable purpose,
its governance procedures and the merits of the proposed work.
Conflicts of interest
The Foundation requires that actual and potential conflicts of interest be disclosed
before the relevant decision is taken.
A person with a material financial interest in a matter does not control, and does not
vote on, the Foundation's decision regarding that matter. The basis for the decision is
recorded.
No part of the Foundation's net earnings inures to the benefit of any director, officer
or other private individual.
Compensation and contractors
The Foundation may engage employees, independent contractors, researchers, facilitators
and professional service providers when their work advances its charitable activities or
supports responsible nonprofit operations.
Compensation is paid for defined work under a written agreement, is documented, and is
set at an amount that is reasonable for the services provided by reference to what comparable
organizations pay for comparable work. Persons with a financial interest in a compensation
arrangement do not participate in approving it.
Financial stewardship
Foundation funds are used for charitable programs and the reasonable operating expenses
required to conduct those programs responsibly.
The Foundation maintains books and records documenting its receipts, expenditures,
contractual relationships and the charitable purpose served by each material payment.
Public documents
As required by applicable law, the Foundation will make relevant tax-exemption and annual
information-return materials available for public inspection once applicable.
- IRS Determination LetterAvailable following determination
- Form 990 / 990-EZAvailable when filed and applicable
- Annual ReportFuture publication