Foundation Source Recent Posts

Involving Non-Family Members in the Foundation

Many of our clients consider whether to involve non-family board members either early in the formation of their foundation or at some point during the foundation’s growth and development. This article discusses factors to consider in determining whether and how to include “outsiders”: the selection criteria of non-family members for board service; practices  to ensure... Read More

Discretionary Grantmaking: Should Your Foundation Let Members Go Solo?

Foundations typically approach most grants as a team sport, debating their merits and deciding, collectively, whether they’re likely to achieve the foundation’s goals. However, in addition to granting as a group, some foundations give their board and/or family members a portion of funds to donate as individuals. This practice, called discretionary grantmaking, is legally permitted... Read More

Just Say No: The Art of the Turndown

People sometimes compare the foundation/grantseeker courtship to the dating process: Funders and grantseekers are looking to find each other and build long-term relationships. Sometimes the chemistry is there; other times it isn’t. Rejection is an inevitable part of this process so learning to say no, politely and confidently, is an essential skill. That said, let’s... Read More