Family Dynamics

Igniting the Spark: Dekko Family Foundation

Posted on June 22, 2016 by Youth Philanthropy Connect

The Dekko Family Foundation is located in Kendallville, Indiana. The idea for Youth Pods started in the 1990s, when a staff member went to a family philanthropy conference and learned about youth philanthropy initiatives. With no Dekko family members at the right age, the Dekko Foundation looked to the Michigan Community Foundation Youth Advisory Council model to develop youth philanthropy… Read More

Igniting the Spark: The Lawrence Welk Family Foundation

Posted on June 20, 2016 by Youth Philanthropy Connect

The Lawrence Welk Family Foundation is located in Santa Monica, California,  with family geographically dispersed around the country.  The foundation awards grants to nonprofit organizations serving children and families living in poverty in three Southern California neighborhoods. In addition, a small portion of its funding goes to nonprofits promoting youth and family philanthropy. This next gen case study describes their… Read More

How can board members stay connected across time zones and significant distances?

Posted on June 9, 2016 by National Center for Family Philanthropy

As families grow, geographic dispersion of family and board members will become a common challenge. Each and every family must figure out a strategy that is right for you. Kelly Nowlin, family trustee of the Surdna Foundation, suggests the following, “The executive director or president of the foundation can make trips to dispersed board members and schedule one-on-one time to… Read More

What are common mistakes family foundations make when trying to engage next gen?

Posted on June 8, 2016 by National Center for Family Philanthropy

If you’re reading this, chances are you’re already avoiding Mistake #1: thinking that you’ve got nothing left to learn about next gen engagement. The truth is, getting and keeping people engaged in your foundation’s work can be difficult, regardless of age. But, Biz Ghormley of Emerging Practitioners in Philanthropy, Iris Brilliant of Resource Generation, and Mary Galeti of Nexus, sat… Read More

How long should a foundation keep grantee reports?

Posted on February 19, 2016 by Andras Kosaras, James P. Joseph

Are there legal requirements, IRS or other, for foundations regarding receiving and retaining paperwork from grantees that documents how grant dollars were spent? A good rule of thumb is to keep grant materials for seven years. We suggest four years at a minimum. The IRS audit statute of limitations is three years. So, it is important to keep grant materials… Read More

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