Posts by National Center for Family Philanthropy

Minimum age for board

Posted by National Center for Family Philanthropy on May 15, 2008

Q: We want to involve a new generation in the foundation. At what age should we welcome new board members? A: Family boards often agonize over what the minimum age for board members should be. Older family members worry which groups, branches, or people will be included or excluded....

Board compensation

Posted by National Center for Family Philanthropy on April 15, 2008

Q: Should we pay the trustees of our family foundation? A: The National Center for Family Philanthropy neither advocates nor opposes board compensation. We hold the position that any foundation policy or practice, including board compensation, should help the foundation further its mission, values, and...

The Paine family foundation

Posted by National Center for Family Philanthropy on March 15, 2008

I catch up with Carol Paine-McGovern in a fourth-floor conference room in the Smithsonian Museum of the American Indian. Carol’s in town for Foundations on the Hill. 300 philanthropy representatives from 35 states and the District of Columbia have gathered in our nation’s capital for meetings with...

Child care and more

Posted by National Center for Family Philanthropy on March 15, 2008

Q: Our foundation’s third generation is coming on the board and some have young children. Some family members say the lack of child care during board meetings hinders participation. Can the foundation pay for child care so that parents can attend board meetings? A: Generally no....

The slingshot fund

Posted by National Center for Family Philanthropy on February 15, 2008

A new group of young Jews, the grandsons and granddaughters of several prominent giving families, is carrying on a legacy of giving while rewriting the rules for a new generation. The Slingshot Fund was born on Grand Street. Danielle Durchslag, a great-granddaughter of Nathan Cummings, founder of Sara...

Travel expenses for next generation board members

Posted by National Center for Family Philanthropy on February 15, 2008

Q: We have a next-generation board with five college-age family members who travel from all around the country to meet, review grant proposals, and recommend grants to the governing board. Is it legal to reimburse them for travel expenses? A: Yes. Spouses and children of board members are disqualified...

The educational foundation of America

Posted by National Center for Family Philanthropy on January 15, 2008

Many foundation investment advisors contend it’s best to keep the investment side and the grantmaking side of philanthropy separate. “I hear it all the time,” says John Powers, a board member of the Educational Foundation of America (EFA), a family foundation based in Westport, Connecticut....

Substantial contributors

Posted by National Center for Family Philanthropy on January 15, 2008

Q: It is my understanding that Form 990-PF requires reporting of the names and addresses of contributors which can be accessed by the public. I would prefer not having to report the names and addresses of contributors. What do I do? A: The Internal Revenue Service requires foundations to file Form...

Geographic dispersion

Posted by National Center for Family Philanthropy on December 15, 2007

Q: My family’s foundation has traditionally given in New England and continues to support nonprofits there, but family members live all around the country. How do we keep people engaged? A: As today’s families are more mobile than ever, geographic dispersion has become a crucial issue for family...

The Dexter F. and Dorothy H. Baker foundation

Posted by National Center for Family Philanthropy on November 15, 2007

Clarifying the founders’ intent is an issue very close to the heart of many philanthropic families, but this concern took on special urgency for the Dexter F. and Dorothy H. Baker Foundation of Allentown, Pennsylvania. Founded in 1986, the $17-million family foundation is located in Lehigh County where...

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