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Results for:   Type: “Private Foundations”  

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

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

How Planning to Close Her Foundation’s Doors Was the Right Business Model

The first blog in a 3-part series  When Fran Sykes, founder and president of Pascale Sykes Foundation, tells people she is purposely closing her foundation’s doors in four years as a conscientious business strategy, people seem puzzled. Why would anyone purposely go out of business? Like many foundations, Pascale Sykes was originally established in perpetuity.... Read More

Foundations and Lobbying: Sorting Out the Do’s and Don’ts

Can we lobby? What are the rules about foundations and lobbying? These are such scary questions for some foundations that the answers aren’t even pursued. And no wonder; it is part of the U.S. Tax Code, which ranks as one of the most complex compilations of rules ever fashioned. Thus, many foundations prefer not to deal... Read More

Paying Proper Attention to Your Professional Staff

Professional staff have the undeniable potential to further your philanthropy’s impact. Whether you’re currently staffed, anticipating a new hire, or simply weighing your options, here are tips to help your paid professionals flourish. Before a hire: Put your affairs—and your mindset—in order It goes without saying that bring staff on board requires time behind the scenes to... Read More

Seizing the Opportunity to Tell Our Story Online

Like many private foundations, ours has historically kept a relatively low profile. That all changed a decade ago when our board and staff embarked on a strategic planning process. It became clear through its community conversations, interviews, and research that our foundation had a real opportunity to extend our impact by improving our communications. We... Read More