Board Members

Diverse Voices in Family Giving

Posted on April 12, 2012 by Deborah Santana, Judy Belk, Vic De Luca

What are the emerging trends in this area, and how can existing family philanthropies network with and promote increased and effective giving among a new generation of diverse donors and families? How can diverse donors learn from multi-generational family foundations, and vice versa? And how does the engagement of diverse voices enhance the field of family philanthropy, and the work of locally and regionally-focused family foundations and funds?… Read More

A Place at the Table: Non-Family Membership on the Family Foundation Board

Posted on March 17, 2012 by Dorna L. Allen, Joseph Foote

Family giving comes from a common cause, a shared vision, a particular need for giving back a portion of life’s gifts. Family members can focus on shared personal interests and can shape the architecture of their giving by expressing and validating shared family experience. Foundation board service can be the means by which family members find a new and worthwhile… Read More

Tools and Tips for Next Gen Philanthropists

Posted on February 9, 2012 by Lana Volftsun, Lisa Parker

Most philanthropic families say they want the next generation at the table. Yet how do new trustees develop their personal values and ideas to contribute to the discussions?  And when and if the next gen has a sense of how they’d like to give, will the board actually welcome their perspectives?  How can your foundation actively facilitate this process?… Read More

Spending Policy (The Wallace Foundation, 2012)

Posted on January 13, 2012 by The Wallace Foundation

The Foundation’s policy is to target spending on grants and qualifying distributions at an average 5.0% of assets over long periods of time. The Foundation’s Board may elect to exceed that spending rate for a limited period of time if: There is a compelling opportunity in a programmatic area that cannot be met by reallocating funds from other areas without… Read More

Discretionary Grants: Engaging Family… or Pandora’s Box?

Posted on December 8, 2011 by Susan Crites Price

If you asked at a gathering of family foundation folks whether using discretionary grants is a good idea, you’d never reach consensus. Many family foundations don’t use them. Those that do have widely varied policies governing how much money is available, who is eligible to make the grants, and whether the grants must be within the foundation’s mission and guidelines… Read More

Ethics in family philanthropy: Right vs. right decision-making

Posted on November 10, 2011 by Rushworth Kidder

Ethical issues affect every facet of a family’s philanthropy from its structure and mission to its investment, grantmaking strategies, and perhaps most importantly, governance structure. The role of ethics and values is so integral to how families define and carryout their missions, and the expectations for ethical behavior among philanthropists so high that it’s easy to become overwhelmed or stymied… Read More

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