Every giving effort needs a guiding framework to be effective. Governance—defined principles, policies, and practices— is the framework.
A family’s philanthropic values – it’s sense of stewardship, personal commitments and interests of individual family members, and the shared desire to foster charitable impulses in children and future generations – are the foundation of family philanthropy. Articulating and discussing values on a regular basis is part of ethically responsible giving. And ensuring that your grants and gifts are effective
Many families put off preparing for a transition until it is upon them. Fear of the day a key family member and leader will no longer be able to participate is a common explanation for why families don’t address critical preparation for a leadership transition. This Content Collection encourages you to view upcoming transitions as an opportunity – to learn
In this Content Collection, you’ll learn about the most common conflicts in family philanthropy, the creative “tactics” some boards use to perpetuate the avoidance, and how you can use simple tools to address conflict in a healthy, productive way.
Guidance on the legal regulations regarding compensation, suggestions for how to initiate a conversation among your board members about whether or not compensation is appropriate, and suggestions for how to develop a written policy based on this conversation.
