Founders, donors, intent, and family legacy

Family Culture: Creating a Resilient Family Tree

Posted on June 4, 2018 by Jamie Forbes, Kelly D. Nowlin

Family connectedness, not money, has the greatest influence on multi-generational family continuity. But when many think about legacy, it’s often in the context of multi-generational financial wealth. Money, though, masks what people are really interested in passing to future generations of their family. Instead of being the primary focus, financial assets should be viewed as an enabler to the bigger… Read More

What is a private operating foundation, and should we consider using this option?

Posted on June 14, 2017 by Jason Born

The IRS distinguishes between public and private foundations and, within private foundations, between operating and non-operating (grant-making) foundations. While private operating foundations may choose to make some grants to other charitable organizations, they must engage primarily in direct charitable activities by running their own programs (i.e., using their own facilities, staff and resources to directly further their charitable operations)… Read More

Things We Wish Our Founders Had Told Us: Interpreting Donor Legacy

Posted on November 29, 2016 by Susan Packard Orr

This special NCFP Distinguished Fellow Essay by Susan Packard Orr explores the questions that Susan and her fellow trustees wished they had asked of the founders when they were still alive. From the introduction: This year marks the 20th anniversary of our father’s death. Our mother has been gone almost 30 years. During this time, we have worked to build… Read More

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