So happy things are going well for the Foundation.
FYI on 501(c)(3) organizations: In order to keep 501(c)(3) status, be sure to file Form990 annually (by 5th month and 15th day after tax year ends--e.g., if you close your year on Dec. 31, file by May 15th). If possible, use the Form 990-N (e-file), which will allow the IRS to post your status quicker to the "Yellow Book" (aka Publication 78) which signifies to tax filers that the Foundation is a tax-exempt/deductible organization. The "Yellow Book" is now available as on online app called "Select Check" and, once Form990s are processed, can be viewed by citizens at the IRS website: http://www.irs.gov/Charities-&-Non-Profits/Exempt-Organizations-Select-Check "SelectCheck" does not post your funding and expenditure details, but confirms exempt status so donors can be certain that their charitable donations are legally deductible. "Charity Navigator" is currently the most widely used charity watchdog site in the US. If you choose, you can submit the Foundation to this organization to be posted with details. However, CN rates charities based on their inflows and outflows, so if the Foundation is in a "saving-up" phase, it may not score well until proceeds are spent and can be analyzed based on the effectiveness of outflows. Just a thought.
Best wishes for a great year ahead!
Rick