Investment policy statement (Morgan Family Foundation)
Posted on April 15, 2013 by Morgan Family Foundation
A sample investment policy statement for the Morgan Family Foundation… Read More
Investment issues
Impact Investing and Family Philanthropy: a One-Two Punch
Posted on July 12, 2012 by Julia Balandina Jaquier
Interest in impact investing among wealth holders, their foundations, and family offices continues to grow. As a means for providing capital to for-profit ventures with a social mission, impact investing is increasingly viewed as an effective solution for combining the philanthropic aspirations of wealthy families with their financial objectives… Read More
Policy Central: Investing, Impact Investing, and Spending Policies
Posted on April 15, 2012
Sample investment, impact investing and spending policies and practices. … Read More
Spending Policy (The Wallace Foundation, 2012)
Posted on January 13, 2012 by The Wallace Foundation
The Foundation’s policy is to target spending on grants and qualifying distributions at an average 5.0% of assets over long periods of time. The Foundation’s Board may elect to exceed that spending rate for a limited period of time if: There is a compelling opportunity in a programmatic area that cannot be met by reallocating funds from other areas without… Read More
The Power of Mission Investing: One Family’s Story
Posted on November 18, 2010 by Lisa Hagerman, Richard Woo
As a mid-sized family foundation founded by the creator of the Russell 5000 index, the Russell Family Foundation in Gig Harbor, Washington offers a compelling portrait of the power of mission investing to achieve a funder. … Read More
Rethinking the Management of Foundation Endowments
Posted on October 3, 2009 by John E. Craig Jr.
As the implications of the 2008–09 financial crisis for the world economy and markets have become clearer, many foundation executives and investment committees are reassessing their approach to endowment management. This essay reports on the effects of the recent turmoil on foundation endowments thus far, and offers lessons from the crisis and earlier ones that could help boards and investment… Read More
Managing Risk: Board Responsibilities for Prudent Investment and Governance
Posted on June 11, 2009 by Andras Kosaras
The Madoff scandal has caused the failure of well respected family foundations and raised the specter of penalties for board members’ inattentiveness to investment matters. Is your board doing all it should to be fiscally responsible? In this timely teleconference, learn about the board’s role and fiduciary duties in prudent investing, and hear about IRS’ new scrutiny of our sister… Read More
Advancing Philanthropic Goals While Divesting Excess Business Holdings
Posted on May 17, 2009 by Andras Kosaras, James P. Joseph
Congress enacted the excess business holdings rule to limit the ability of individuals to retain control of business enterprises by setting up private foundations to hold substantial or controlling stakes in these businesses (it applies equally to nonoperating and operating foundations)… Read More
Generations of Giving: Chapter 8 – Developing the Organizational Structure
Posted on September 27, 2006 by Deanne Stone, Howard Muson, Katherine Grady, Kelin E. Gersick, Ph.D., Michele Desjardins
Chapter 8 of Generations of Giving: Leadership and Continuity in Family Foundations, a landmark 2006 study by a team of researchers led by Kelin Gersick and co-published by the National Center for Family Philanthropy. This chapter features the authors conclusions regarding the importance of organizational structure for achieving the mission of a foundation. Review the complete collection of chapters from… Read More
Maximizing Returns: Mission Related Investing
Posted on June 8, 2006 by Luther M. Ragin Jr., Sharon King
By divorcing grantmaking from investment strategies, many foundations use only a small portion of their fiscal power and influence in trying to make an impact for good… Read More