Decision Log

A record of significant organizational decisions made by the foundation's leadership. Entries are added within 30 days of the decision date. Rationale is published for all entries.

State charitable solicitation registration strategy adopted

Decision to pursue multi-state charitable solicitation registration via Labyrinth after Pennsylvania home-state registration is completed. A public State Registration Dashboard will be built in the Reading Room once 30+ states are registered.

Form 990-N filed for tax year 2025

First annual electronic notice (e-Postcard) filed with the IRS covering the organization's initial tax year, effective December 2025.

Reading Room launched with public document archive

Decision to host all public foundation documents directly on ghostsworthchasing.org rather than relying solely on ProPublica, Candid, or IRS databases for public access.

Candid Silver Transparency Seal obtained

Foundation completed Candid profile and obtained the 2026 Silver Transparency Seal.

Transparency infrastructure buildout initiated

Decision to develop and publish six transparency features.

IRS Form 1023 filed

Application for recognition of exemption under Section 501(c)(3) filed with the Internal Revenue Service.

Articles of Incorporation filed with Pennsylvania

Articles of Incorporation filed with the Pennsylvania Department of State, formally establishing Ghosts Worth Chasing as a Pennsylvania nonprofit corporation.

Endowment & Investment Policy and Gift Acceptance Policy adopted

Board adopted the Endowment & Investment Policy establishing stewardship standards for endowment-designated assets, and the Gift Acceptance Policy governing the review and acceptance of charitable contributions.

Ethical Investment Constraints & Return Mandate Addendum (EIA-1) adopted

Board adopted EIA-1, supplementing the Endowment & Investment Policy with mission-aligned ethical constraints on endowment asset investment.

Foundation established as Ghosts Worth Chasing

Decision to establish a 501(c)(3) public charity under the name Ghosts Worth Chasing, focused on supporting individuals in transition, mission-aligned organizations, and long-term endowment building.

Core governance policies adopted

Board adopted initial governance policy suite including Conflict of Interest, Whistleblower, Document Retention & Data Privacy, Financial Controls & Procedures, and Grantmaking policies.

Capital allocation model established at 70/10/10/10

Board adopted a capital allocation model directing 70% of assets to endowment, 10% to organizational grants, 10% to individual support, and 10% to operating expenses.