Advisors and estate planning

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

Investment Policy (The Wallace Foundation, 2021)

Posted on June 18, 2014 by The Wallace Foundation

The investment goal of The Wallace Foundation (the Foundation) is to earn a total return that will provide a steady stream of income to fund the grant making and operations of the Foundation in support of its mission while preserving the real or inflation-adjusted value of the Foundation’s total investment assets (the Total Portfolio) over long periods of time… 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

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

Board Code of Ethics (The Wallace Foundation)

Posted on June 18, 2014 by The Wallace Foundation

The Board of Directors of The Wallace Foundation is committed to the highest standards of integrity in conducting the affairs of the Foundation. This includes acting at all times in an honest and ethical manner, in compliance with all laws and regulations, and avoiding actual or potential conflicts of interest or the appearance of such conflicts. Read more at link… Read More

Crafting Your Charitable Mission Statement: A Guide for Donors

Posted on May 15, 2014 by Melinda Tuan

When donors start along their philanthropic journeys, one question that often arises is whether it is important to craft a mission statement; and if so, how best to do so. As with any journey, knowing your destination – or in this case, articulating your goals for your philanthropy by crafting a mission statement – can be an invaluable first step… Read More

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