Discretionary Grants: Engaging Family… or Pandora’s Box?

Posted on December 8, 2011 by Susan Crites Price

If you asked at a gathering of family foundation folks whether using discretionary grants is a good idea, you’d never reach consensus. Many family foundations don’t use them. Those that do have widely varied policies governing how much money is available, who is eligible to make the grants, and whether the grants must be within the foundation’s mission and guidelines… Read More

Board Compensation: Reasonable and Necessary?

Posted on April 5, 2001 by 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