This chapter from ‘Splendid Legacy’ contains background, ideas, and suggestions to help family foundation boards develop investment policies and practices that meet legal requirements and are consistent with the goals and mission of their philanthropy. Sections in the chapter address linking resources to philanthropic purposes; establishing spending policy; overseeing the investment strategy; determining the family’s role; reducing investment costs; and revisiting goals and objectives.

This Collection

Investment and Spending Policies

This Content Collection includes resources describing how a foundation's spending policy and organizational objectives are linked to development of a cohesive and integrated investment strategy, as well as sample policies and other related advice.

See Collection

Get Involved

Search Knowledge Center for Resources!

We’re here to help you on your philanthropic journey. Contact NCFP for support!

Get Assistance

Keep up with trends in family philanthropy. Subscribe to our newsletter!


Family philanthropy improves the quality of life for all. Join our family!

Join Now