Knowledge Center | Passages Issue Briefs

Board Compensation: Reasonable and Necessary?

April 5, 2001 | Jason Born
Deciding whether to compensate or reimburse family foundation board members can be a difficult and complex decision. This Passages Issue Brief 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. Read More
Knowledge Center | Book Chapter

A Muslim family’s experience

February 20, 2001 | Lester A. Picker
For Mohammed Murtaza Arain, M.D., a well-respected Chicago surgeon, it all begins and ends with the Qur’an. Whether welcoming the new day or making decisions about his personal philanthropy, the Holy Qur’an provides a roadmap that guides his life and actions. Read More
Knowledge Center | Book Chapter

Family Foundations: High Risk, High Reward

July 29, 1999 | Paul Ylvisaker
Foundations are a remarkable human invention. They provide private persons a free-wheeling opportunity to be socially and publicly influential. Without having to meet the tests either of the market or the ballot box, private persons can independently determine what the needs of society are and how best to go about meeting them. Read More
Knowledge Center | Book Chapter

Paul Ylvisaker: Ethics and Philanthropy

July 26, 1999 | Paul Ylvisaker
This chapter is excerpted from “Philanthropy: The High Estate,” part IV of Conscience & Community: The Legacy of Paul Ylvisaker, which was edited by NCFP Founder and President Virginia Esposito and published by Peter Lang Publishing in 1999. Questions addressed in this chapter include: Is there an ethical requirement to give, and if so, how mucb, and in what form? Read More
Knowledge Center | Report

What Ought To Be In An Organization’s Bylaws

April 4, 1999 | Betsy Buchalter Adler
Bylaws are the internal governance rules of a group of people who have organized for a common goal. Bylaws are a necessity for a nonprofit corporation because the IRS requires a charity to submit its internal governance documents as part of the tax exemption application. Read More
Knowledge Center | Article

That’s the Ticket

May 17, 1998 | Jane Nober
Accepting and using tickets and other tangible benefits of more than minimal value raises questions for foundation managers. Here's what the general Tax Code rules say is acceptable. Read More