Resources

Results for:   Topic: “Boards and Governance”  

Coming to the Work as Equals

When my wife and I set up our family foundation in 2012, we engaged my three children (then in their late teens and early 20s) in deciding whether a foundation was something we wanted to do as a family. We pressed the kids long and hard, even handed out questionnaires, wanting it to be a... Read More

Succession Planning: Becoming New After 40 Years

Most conversations on succession planning turn to how to bring on the next generation or whether to sunset the foundation. Eldon and Betts Mayer thought differently. They wondered if their community on an island in Maine would be willing to take on their family foundation. Three years later, the fund has an engaged board of... Read More

Let’s Be Candid About Board Succession Planning

The Wilson Foundation was started in 1963 by Joe Wilson, founder of Xerox Corporation, and his wife, Peggy. When the foundation began its most recent strategic planning process, the board represented three generations with 24 members spread across the country. We embarked on strategic planning to revisit our giving priorities, but we quickly realized our... Read More

The Benefits of Trustee Diversity

The Valentine Foundation actively recruits diverse trustees to serve on the board, make grants and oversee all aspects of the foundation’s mission. Phoebe Valentine inherited her wealth from Smith Kline Pharmaceuticals. When she was in her late 40s, Phoebe received a dire cancer diagnosis and decided to mobilize her wealth to help others. The first... Read More

Bringing the Next Generation on Board—at Its Own Pace

It’s a lesson teachers and parents know well: No two people learn in exactly the same way or at exactly the same pace. And it’s a lesson worth bearing in mind for those seeking to create pathways for family members to engage in a shared philanthropic legacy. Arabella Advisors has worked with families for over... Read More

Data, Trends, and the Value of Written Foundation Policies

I can’t count the number of times a member has called with a sticky situation—how to handle a conflict of interest, or a board member not pulling his or her weight—but, when I ask about what expectations or policies are written down, I learn that there’s nothing in place. That’s an awkward time for the... Read More