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...

The 20 habits of highly effective philanthropists

Posted by Kevin Laskowski on February 15, 2008

“Foundations do not need a lot of money to be effective,” declared philanthropy icon Paul Ylvisaker in his 1989 essay Small Can Be Effective. “If, indeed, they were to exploit only a fraction of the strategies available to them, their individual and collective impact on American life would be vastly...

The legacy of Paul Ylvisaker

Posted by Virginia Esposito on February 15, 2008

Those who have read my writing or heard me speak have invariably come across a reference to Paul Ylvisaker. It is important to me that my work includes stories and quotes of our philanthropic thinkers and mentors, particularly those who have shaped the tradition and practice we carry on today....

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...

Encouraging young philanthropists, part two

Posted by Kevin Laskowski on January 15, 2008

Last month’s Family Giving News tackled the question of how today’s giving families encourage children to be generous. This month’s issue asks: how can charitable children become effective family philanthropists? How does a family prepare the next generation for possible roles as board members, fund...

The voices of family philanthropy

Posted by Virginia Esposito on January 15, 2008

It’s January and the New Year is still young enough to leave most of us feeling invigorated by its possibilities. I think of possibilities when I think of New Year’s resolutions, but I’m not sure that is the prevailing attitude. Somehow, resolutions have come to stand for all the things we didn’t do...

The Efroymson family fund: Commitment to community

Posted by Kevin Laskowski on December 18, 2007

Jacob and Minnie Efroymson moved from Evansville, Indiana to the relatively young state capital of Indianapolis in 1872. The couple opened a small dry goods store on South Meridian Street, unaware they were beginning a family commitment to the city that would last for generations.

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