Trust-based philanthropy is being embraced by a growing number of family foundations as a way to alleviate power imbalances between funders and grantees while fostering more productive and informative relationships. Driven by the central philosophy that funders should approach grantee relationships as learning partnerships, a trust-based approach encourages multi-year unrestricted funding, streamlined reporting, and transparent and responsive communication. In this session, participants will hear from leaders of family foundations that have embraced trust-based approaches, how these practices align with each family’s legacy and values, and what it looks like when foundation CEOs and family trustees collaborate to build a culture of trust. Participants will learn about how foundations and grantees both benefit from a trust-based approach, and will have a chance to consider some practical next steps to build more productive and balanced funder-grantee relationships.
Ellen Friedman is the Executive Director at the Compton Foundation, which seeks to ignite change toward…View Profile
Hanh Le is the executive director of the Weissberg Foundation, where she leads strategy development, grantmaking,…View Profile