Voting by email may be appealing for its simplicity and speed, but many warn that it can be a trap for nonprofit board members. In many states, a board is required to take action at a meeting (in-person or by phone or videoconference), or by unanimous written consent. Some apply mail voting rules (unanimous consent)... Read More
Site visits are one of the best ways to make grant decisions because, in essence, site visits are a living, breathing grant proposal. These visits give you the chance to connect with the organization’s board and staff, discover things that can’t be learned from a written proposal, and clarify information that is important to your... Read More
There is no one right way to settle on a focus, and many foundations use a combination of the methods. Here are 7 ways to find your focus, courtesy of Exponent Philanthropy members. Our online resources include many other articles and publications on the topic of focused giving. It’s important to recognize that settling on... Read More
Absolutely! Conflicts of interest are common in the course of running a foundation, given that board members and staff tend to be connected with many others in their communities on a personal and professional basis. Conflicts of interest can be easily managed with a conflict of interest policy. Find sample conflict of interest policies and... Read More
Even small foundation boards can benefit from developing an investment committee with just a few members, so it is clear who is leading the charge. Investment committees are also helpful in providing a clear mandate to outside managers and consultants. Read more about investment committees, including tips on selecting members and holding meetings. You may... Read More
Some philanthropists decide to operate in the public realm early on. Others go public at some point over time, often when they feel compelled to act. However it emerges, going public can be a pivotal transition point and a bold act of leadership. We gathered a list of big and small ways funders go public... Read More