Board Compensation

Reasonable and Necessary?

Deciding whether to compensate or reimburse family foundation board members can be a difficult and complex decision. This Content Collection provides guidance on the legal regulations regarding compensation, suggestions for how to initiate a conversation among your board members about whether or not compensation is appropriate, and suggestions for how to develop a written policy based on this conversation.

Note: In lieu of compensating board members, many family foundations offer discretionary grants for their board members as a way to honor their volunteer time and effort on behalf of the foundation.

Discussion Papers, Webinars, and Other Resources

Sample Policies and Practices

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