Case Studies

The Slingshot Fund

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

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 Lee, wanted to meet some of her peers, to explore what the… Read More
Featured Article

The 20 Habits of Highly Effective Philanthropists

Posted on February 15, 2008 by Kevin Laskowski

“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 and beneficially expanded.” Ylvisaker’s essay listed 20 functions of philanthropic… Read More
From the President's Desk

The Legacy of Paul Ylvisaker

Posted on February 15, 2008 by Virginia M. Esposito

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. Philanthropy’s need to respond to current demands and even anticipate… Read More
Ask the Center

Travel Expenses for Next Generation Board Members

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

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 persons. If foundation assets are paid to them for travel or… Read More
Case Studies

The Educational Foundation of America

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

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. “Let our money managers make money any way they can because you’ll have more to give away.”… Read More
Featured Article

Encouraging Young Philanthropists, Part Two

Posted on January 15, 2008 by Kevin Laskowski

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 advisors, or philanthropic donors in their own right?… Read More
From the President's Desk

The Voices of Family Philanthropy

Posted on January 15, 2008 by Virginia M. Esposito

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. Consequently, resolutions tend to be reflections of regrets and guilt — no wonder they are forgotten by mid-January… Read More

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