Getting Started

Igniting the Spark next gen case study: Foundation for Metrowest

Posted on October 31, 2014

Youth Program Name: Youth in Philanthropy Website:  www.foundationformetrowest.org Located in: Natick, Massachusetts Who is Involved: Youth from the MetroWest Boston communities Led and managed by staff from the Foundation for MetroWest Youth Programming History and Scope: The Foundation for MetroWest has been committed to educating the next generation of community leaders through the Youth in Philanthropy (YIP) program since 1997… Read More

So You Want to Be a Family Philanthropist?

Posted on August 14, 2014 by Julia Kittross, Kathy Edwards, Sue Miller

Sometimes philanthropy is done purely for altruistic reasons, but often there are other motivations. Donors with an interest in engaging their family in shared philanthropy must review both the tax implications and administrative costs of the charitable vehicle(s) they consider, as well as the degree of control and influence they wish to retain for years, and perhaps generations, to come… Read More

Audit Committee Charter (The Wallace Foundation)

Posted on June 18, 2014 by The Wallace Foundation

The Audit Committee of the Foundation’s Board of Directors (the Committee) assists the Board in fulfilling its responsibility for oversight of the quality and integrity of the accounting, auditing, and reporting practices of the Foundation. The Committee’s purpose is to oversee the accounting and financial reporting processes of the Foundation, the audits of the Foundation’s financial statements, and the qualifications… Read More

Whistleblower policy for board members (The Wallace Foundation)

Posted on June 18, 2014 by The Wallace Foundation

If a Foundation board member becomes aware of or has a reasonable good faith belief that the Foundation may be involved in illegal activity, fraud or violation of organization policy (as defined in Exhibit 1), or if the board member suspects any impropriety regarding the Foundation’s accounting methods, internal controls, audit processes or any other financial matter, the board member should immediately report such concern (“suspected wrongful act”) to the Senior Counsel or the Chair of the Audit Committee… Read More

Navigating Leadership Transitions in Family Philanthropy

Posted on June 12, 2014 by Virginia M. Esposito, Betsy Brill, Dean Phillips, Dinaz Mansuri, Patrick Troska

Every family philanthropy experiences the joy, the sadness, the complexity, and the energy of transitions. Moving toward new leadership in the family can be difficult, emotional, and sometimes frustrating. However, when it is done deliberately and thoughtfully, these times of transition can also be positive for all involved. … Read More

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