Contributions

How Do Family Foundations Typically Provide Discretionary Grants?

Posted on July 21, 2016 by National Center for Family Philanthropy

Q: How do family foundations typically provide discretionary grants? What about for committee members that aren’t board members? A: According to our 2015 Trends in Family Philanthropy study, “Most family foundations (85 percent) allow individual board members to recommend discretionary grants for foundation funds.” Each family foundation ultimately has to find the balance that’s right for them! NCFP has published two issue… Read More

Advisory Board Member Roles and Responsibilities

Posted on December 8, 2014

The Sample Family Foundation’s Declaration of Trust designates two groups of participants: (1) “Trustees,” all of whom are currently family members and who vote on grants and issues of governance; and (2) “Advisors” who serve in an advisory capacity without voting power. Advisors are appointed to three-year terms that may be renewed until the Advisor reaches the age of seventy-five… Read More

How to Apply for a Discretionary Grant (Marion I. and Henry J. Knott Foundation)

Posted on March 4, 2014 by The Marion I. &Amp; Henry J. 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. These grants, ranging between $500 to $2,500, are designed to increase the Foundation’s grantmaking options as well as its responsiveness to community needs… 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

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