Managing risk: Board Responsibilities for Prudent Investment and Governance
Board members and CEOs seeking advice on how to meet their fiduciary duties and gain tips about managing and understanding audits, conflict of interest, investment rules and more.
The Madoff scandal has caused the failure of well respected family foundations and raised the specter of penalties for board members' inattentiveness to investment matters. Is your board doing all it should to be fiscally responsible? In this timely teleconference, learn about the board's role and fiduciary duties in prudent investing, and hear about IRS' new scrutiny of our sister public charities -- often a bellwether of what's to come for private foundations. We'll cover audits, conflict of interest, investment rules and more, so that you can protect your foundation -- and yourselves -- now and in the future.
Karen Green is a nonprofit governance and management consultant specializing in working with family foundations. In 2011, Green was named vice president of the National Center for Family Philanthropy. She also served as Managing Director of Family Foundation Services at the Council on Foundations as well as Director of their Governing Boards Program, which provided foundation board members and CEOs with resources on foundation governance and oversight. At the Council she led national processes resulting in the Stewardship Principles for Family Foundations and Stewardship Principles for Independent Foundations. Green was also the first President of the Healthcare Initiative Foundation, transforming the foundation from anonymity to a known and respected community presence. Prior to her involvement in philanthropy, she directed refugee resettlement efforts in Singapore and Indonesia to bring Vietnamese boat people to the U.S., and directed business advisory services for the U.S.-China Business Council. She holds a B.A. from Cornell University and a Master in Public Administration from Harvard University. You may contact Karen at email@example.com.
Andras Kosaras is an Associate in Arnold & Porter LLP's Tax practice group. Prior to joining Arnold & Porter, Mr. Kosaras was an attorney and director of ethical standards and philanthropic outreach at the Council on Foundations in Washington, DC. He also spent two years as a research assistant at Harvard University's Hauser Center for Nonprofit Organizations, assisting Marion R. Fremont-Smith in the completion of her book, Governing Nonprofit Organizations: Federal and State Law and Regulation, published by Harvard's Belknap Press in 2004. Mr. Kosaras holds a BA in Philosophy, summa cum laude, from the University of Massachusetts, Amherst, and a J.D., magna cum laude, from the New England School of Law, Boston, where he was a member of the law review.
What participants said:
NCFP consistently and brilliantly presents the very best education to family foundations and donor advisor funders. Though I actively participate in educational opportunities with many organizations in the philanthropic center it is those offered by NCFP that drill deeper into issues, savor the nuances of family grantmaking and produce products that motivate and inspire in an all embracing understanding of families and the dynamics that challenge them.
The Family Philanthropy Webinar series is a wonderful resource, allowing us to "attend" sessions from all over and to share materials with other members of our foundation. The transcripts of the sessions are also a valuable resource. Thank you for these Webinars.
NCFP webinars are an effective way for me to be stimulated and educated. I always expect excellent presenters and up to date information from NCFP, and have not been disappointed with these webinars. The recent one discussing women and philanthropy was very timely as women grow in their capacity and leadership roles in philanthropy. Thank you NCFP!
The National Center has been an indispensable source of wisdom, tools, and best practices for my clients on matters ranging from advancing intergenerational leadership transition strategies to building effective websites to creating discretionary grant making guidelines.
These webinar events are the most valuable as part of our SECF membership... we access current experts on the topics pertinent to family foundations...and we remain in our office!.... no travel expenses or conference fees... and we can access this information at a future time for our Board. A win-win for all of us who are so busy but are eager to stay current and networked.
I have attended many of NCFP's webinar and always walk away with new ideas that expand my knowledge of family philanthropy. The content is always amazing, well-structured and full of different perspectives. I especially love the stories told by presenters of their families journey within philanthropy and how they are impacting communities.
Creating Effective Next Gen Boards was by far the best webinar I have experienced. The material was well put together, well presented, easy to follow, and very engrossing! The youth on the webinar were very articulate and experienced and provided a unique insight into the benefits and pitfalls in involving 8 year-olds and up in family philanthropy, i.e. the younger we start, the better and easier it is for everyone! Thanks for this webinar!
I have participated for years in the Family Philanthropy Webinar Series, which has been a tremendous value-add for our subscription to NCFP Friends of the Family! This just keeps getting better and better with each passing month, and I'm so very impressed with the caliber of presentations and the organization behind them! Best webinar series in the field!