Section 2: Resource 3
Governing Your Family Foundation
Nothing is more vital to a family foundation’s overall success than good governance. A great board sets the tone for achieving your charitable goals and working with the family to realize those goals.
At the same time, governance is a moving target. It evolves as your family changes and as your foundation work becomes more sophisticated. You will need to revisit policies you adopt now at times of transition in the family and in the foundation. Governance considerations are a continuing part of key board deliberations and decision-making.
Here you will find additional perspectives and suggestions for governing your family foundation. For a wide variety of additional resources on this topic, current NCFP Friends are invited to login to NCFP's Family Philanthropy Online Knowledge Center.
So you want to be a family foundation trustee?
Are you looking for a quick and fun way to introduce them to concept of stewardship and the demands and possible challenges of being a foundation board member? Then this 5-minute video is right for you!
Fist to Five Voting and Consensus
Fist to Five is quality voting. It has the elements of consensus built in and can prepare groups to transition into consensus if they wish.
Demystifying decision-making in family philanthropy
Different kinds of decisions made under varying conditions and circumstances may require different decision-making methods. This webinar shares several alternative approaches to making decisions in family philanthropy. [FRIENDS AND SUBSCRIBERS ONLY]