Posts tagged to 'Junior advisory boards'
by Jason C. Born
on September 15, 2012
Year after year, one topic in family philanthropy rises to the top: inspiring, engaging, and preparing the next generation for leadership. Sooner or later, unless the board decides to spend down the endowment, board succession in family foundations is a matter of when, not if.
Since its founding in...
by Susan Crites Price
on November 15, 2010
Eleven-year-old Kylie of the Frieda C. Fox Family Foundation is a veteran grantmaker, having served on the junior board of her family’s foundation since age 8. But unlike the adults on her family’s foundation board, who can meet peers at grantmaker meetings and conferences, Kylie had no kids to compare...
At the recent Council on Foundations Family Foundation Conference in San Diego, a new book by a father and teenage daughter sold out in minutes. In The Power of Half (Houghton Mifflin Harcourt Books 2010), Kevin and Hannah Salwen share the engrossing story of their family’s decision to sell their...
by Rebecca Zimmerman
on August 11, 2009
One Foundation’s Plan for Embracing the Next Generation
Lorre Polinger and her siblings are facing a common challenge in family foundations or funds: how to engage their combined nine children in the family’s philanthropy.
Founded in 1968 by their parents, Geraldine and the late Howard Polinger, the...
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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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?
Spouses and children of board members are disqualified...