Posts tagged to 'Board decision-making'
by Julia Balandina Jaquier
on November 15, 2012
Editor’s Note: Impact investing is of growing interest to the many thousands of philanthropic families around the world who manage their philanthropy through family foundations and family offices. In this month’s edition of Family Giving News, we present practical solutions and advice regarding one of...
What is the best way to formalize the process of hiring and setting salary for a family member?
LIZ WALTERS: Off the top of my head, I can think of four things that we did. The first thing was to create job descriptions. I was the only staff member to begin with, but we also created a job description...
by Alice Buhl
on October 15, 2010
Kelin Gersick’s book, Generations of Giving: Leadership and Continuity in Family Foundations, outlines the patterns most often seen in family philanthropy. In the first generation the donor has the strongest involvement and control. In the second generation more family members become involved and by...
by Alice Buhl
on August 15, 2010
Mom and Dad are aging but we want to keep them involved. Aunt Sally has been running the foundation forever but the other board members feel it is time for someone else to take over. Uncle John is beginning to get confused. The three sisters in the second generation have been controlling things for...
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?...
by Alice Buhl
on April 15, 2009
For many foundations, establishing the payout level has become fairly perfunctory. The staff or accountants do the math and the foundation pays out the 5% required by law. However, I have worked with foundations that struggle to balance their desires to solve the problems of today and to protect assets...
by Susan Crites Price
on January 17, 2009
Lessons from One Family’s Transition from Founder to Nonfamily Director
When Bill O’Neill Jr., president of the William J. and Dorothy K. O’Neill Foundation in Cleveland, decided to step aside from being “chief cook and bottle washer for 20 years,” the family faced a common dilemma: how to shift the...
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by Sarah Trzepacz
on January 15, 2005
There are times when philanthropy is in the news for all the wrong reasons: stories of scandal and abuse garnering as much attention, if not more, than tales of valuable philanthropic contributions.
Despite unfavorable press coverage and eroding public confidence in the nonprofit sector, things are not...