Board and Committee Compensation Policy
Posted on January 27, 2022
One family foundation's policy around board and committee compensation, including expectations for participation and engagement… Read More
Board compensation
Board Expense Reimbursement Policy (Bainum Family Foundation, 2021)
Posted on October 4, 2021 by Bainum Family Foundation
Board Expense reimbursement policy for the Bainum Family Foundation… Read More
Statement of Director Expectations
Posted on August 7, 2015
As members of the Board of Directors of The ____________ Foundation, we recognize and confirm our fiduciary obligations to the Foundation. We have ultimate authority and responsibility for the Foundation’s strategies, policies, procedures and operations. As part of this responsibility, we have established expectations for the members of the Board. In keeping with our fiduciary duty, we commit ourselves to… Read More
Is it appropriate to compensate a board member for their time as treasurer?
Posted on December 11, 2014 by Andrew Schulz
It really depends on the work that’s being done. How many hours a week is that person working and what does the work look like? You need to look at how much time and energy they’re putting in. And if you pay the salary, you should be prepared to justify it… 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
Travel and entertainment policy and reimbursement form (Mary Reynolds Babcock Foundation)
Posted on January 4, 2011 by Mary Reynolds Babcock Foundation
Shows travel and entertainment policies and and reimbursement procedures including expense guidelines, expense report preparation, and reimbursement… Read More
Trustee Compensation: What Is Appropriate?
Posted on January 23, 2004 by Alice Buhl
If a foundation chooses to compensate board members, how does it decide on an appropriate level of compensation?… Read More
Policy on reimbursement for expenses for trustees and members (Nord Family Foundation)
Posted on November 4, 2003 by Nord Family Foundation
This policy from the Ohio-based Nord Family Foundation describes their reimbursement for travel and other expenses incurred by trustees and members in activities on behalf of the Foundation. This policy describes the foundation’s objective of covering necessary and reasonable expenses associated with such foundation business… Read More
Reimbursement policy for attendance at conferences by trustees and members (Nord Family Foundation)
Posted on November 4, 2003 by Nord Family Foundation
This policy from the Ohio-based Nord Family Foundation provides a detailed description of when and why the foundation will reimburse trustees for expenses incurred while attending philanthropic and grantmaking conferences… Read More
Board Compensation: Reasonable and Necessary?
Posted on April 5, 2001 by Jason Born
Deciding whether to compensate or reimburse family foundation board members can be a difficult and complex decision. This Passages Issue Brief provides 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… Read More