Posts by National Center for Family Philanthropy

What's so different about family philanthropy

Posted by National Center for Family Philanthropy on December 15, 2009

As part of the National Center’s research into the Value of Family Philanthropy, President Ginny Esposito conducted an interview study with 50 philanthropy leaders. Former president of the Lyndhurst Foundation and founding National Center board member Jack Murrah was among those who were asked to...

Family board meetings

Posted by National Center for Family Philanthropy on June 15, 2009

Q: Our board meetings have become very frustrating. We have differences because of family history as well as a couple of dominant personalities. The result is lengthy, unproductive meetings that sometimes become personal. How can we turn this situation around and get on with the foundation’s business?...

What is the 5% payout rule?

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

Q: What is the 5% payout rule? A: The “payout rule” refers to the fact that, by law, private nonoperating foundations must distribute five percent of the value of their net investment assets annually in the form of grants or eligible administrative expenses, with certain exceptions....

Tracy family foundation

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

When the Tracy Family Foundation (TFF) set out to determine its strategic vision for the next five years, the Mount Sterling, Illinois family foundation included goals for Brown County, the surrounding region in western Illinois served by the foundation, and the Tracy family itself....

Giving internationally when the dollar is down

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

Q: How can we make sure our international grants have the most impact in times when the dollar is weak? A: An increasing number of family foundations are giving internationally. Our 2008 Pursuit of Excellence survey discovered that 21 percent of family foundation respondents make such grants....

Advocacy vs. lobbying

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

Q: In a board discussion of possible advocacy efforts, trustees recalled our founding documents, which prohibit “carrying on propaganda.” Where does this phrase come from and what exactly does it mean? A: The phrase “carrying on propaganda” comes from Section 501(c)3 of the Internal Revenue Code, which...

The Tecovas foundation

Posted by National Center for Family Philanthropy on June 18, 2008

A family foundation writes a new chapter of the family legacy after the deaths of its generous founder and two family trustees. “I grew up in Cleveland, Ohio, went to Kent State University, and majored in history and political science,” says 25-year-old Mary Galeti, Vice Chair of the $11-million...

Place-based philanthropy

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

Q: What is place-based philanthropy? A: Also called “embedded philanthropy,” this increasingly popular approach to giving emphasizes intimate, active engagement in community change specific to a local community. Embedded philanthropists make a long-term commitment to living and working in a community...

The Butler family fund

Posted by National Center for Family Philanthropy on May 24, 2008

Inspired by a vision of “a world where being low-income does not mean having to choose between housing and food, and where everyone can have faith in our system of justice,” the $11-million, Washington, DC-based Butler Family Fund is an important advocate in the realms of homelessness and criminal...

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....

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