Posts by Joseph Foote

A Place at the Table for Non-Family Trustees?

Posted by Joseph Foote on May 11, 2011

When a family foundation board works as a team, with harmony in vision and purpose, it may see no immediate need to bring in individuals who are not related to the donor family. The family itself is the board’s first and greatest resource. Over time however, circumstances may arise where family members...

Families step up to meet the economic crisis

Posted by Joseph Foote on January 15, 2009

On a sunny Sunday in November, 2008, the board of the Durfee Foundation gathered in the 48-year-old foundation’s office in Santa Monica, California. The trustees already knew that the foundation’s assets of approximately $30 million had fallen 30 percent. The talk before the meeting focused on the...

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