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Results for:   Topic: “Boards and Governance”  

Conflict of Interest Policy

A conflict of interest can occur any time a board member or staff’s outside involvements (e.g., business interests, family relationships, political affiliations, other charitable activities) intersect with those of the foundation. The benefit, or potential benefit by board or staff, can lead to biased decisions and unethical behavior, or the appearance of such. In instances... Read More

Discretionary Grants Policy

Discretionary grantmaking is the practice of allowing board members and, in some cases, committee members, family members, or staff to direct a portion of grantmaking dollars to organizations of their choice. Although the board is legally responsible for all discretionary grants, the grants generally are approved without extensive review or discussion. They truly are made... Read More

Expectations of Board Members

Foundation board members are expected to: Set and adjust the direction for the foundation: its mission and goals. Establish principles, policies, and procedures that govern the foundation’s operation and advance its mission. Oversee the foundation to ensure that it operates effectively and efficiently in support of the mission, and that it complies with legal rules.... Read More