Contributions

Statement of Director Expectations

Posted on August 7, 2015

As members of the Board of Directors of The ____________ Foundation, we recognize and confirm our fiduciary obligations to the Foundation. We have ultimate authority and responsibility for the Foundation’s strategies, policies, procedures and operations. As part of this responsibility, we have established expectations for the members of the Board. In keeping with our fiduciary duty, we commit ourselves to… Read More

FAQ: How to apply for a discretionary grant

Posted on February 2, 2014 by Knott Foundation

This FAQ page describes The Knott Foundation’s guidelines around discretionary grantmaking, and provides a good example for other family foundations. The Knott Foundation provides a limited number of Discretionary Grants on a rolling basis throughout the year… Read More

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

Money Talk: Payout rates, Executive Salaries, And Trustee Compensation

Posted on October 30, 2004 by Stanford Graduate School of Business

It's hard for the public to understand the compensation for chief executives. It's not entirely rational...." "There is no research supporting the notion that trustee compensation results in higher levels of engagement, better grantmaking, or better work...." "There is an assumption that foundations must be perpetual. In fact, if you examine the mission statements, the opposite is true… Read More

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