Governance

Scenario and Contingency Planning in Philanthropy

Posted on May 5, 2016 by The Bridgespan Group

Scenario and contingency planning help nonprofit leaders plan for and react to opportunities and challenges that may arise over a given time frame. They enable nonprofits to ask and answer the question, "What would we do if…?" for a variety of circumstances, taking time to consider strategic implications, identify and weigh options, and agree on trade-offs… Read More

How do we ensure that the family will not lose “control” of the foundation over time?

Posted on May 3, 2016 by National Center for Family Philanthropy

There are a variety of strategies that family foundations around the country have used to retain control while engaging non-family board members in their work. These strategies may be used alone or in combination, and may include the following: Strategy 1: Create term limits for current board members. A technique used by many family foundations, term limits can be a… Read More

2016 Trustee Education Institute: a Comprehensive Seminar for Family Foundation Trustees

Posted on March 9, 2016 by Virginia M. Esposito, Susan Crites Price, Andrew Schulz, Bruce Kahn, David Grant, David Dodson, David Neal, Alice Buhl, Jan Jaffe, Kelin E. Gersick, Ph.D.

NCFP’s Trustee Education Institute provides a comprehensive introduction to all of the key legal, investment, ethical, grantmaking, and family dynamics issues facing family foundation board members. Featuring a faculty made up of NCFP’s senior staff and highly respected philanthropy experts, this three day, intensive seminar will cover: What does it mean to be a steward of both the public’s trust… Read More

How long should a foundation keep grantee reports?

Posted on February 19, 2016 by Andras Kosaras, James P. Joseph

Are there legal requirements, IRS or other, for foundations regarding receiving and retaining paperwork from grantees that documents how grant dollars were spent? A good rule of thumb is to keep grant materials for seven years. We suggest four years at a minimum. The IRS audit statute of limitations is three years. So, it is important to keep grant materials… Read More

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