Foundation trustees have many responsibilities, but fulfilling their legal duties probably tops the list. As such, it’s important that you know the rules and where trustees trip up most. Beyond the law, there are many things foundations can do, such as having a clear mission statement and healthy decision-making process, to help trustees stay out... Read More
Facilitation can and should be a key component of any grantmaker’s toolbox. According to Exponent Philanthropy members, a well-facilitated meeting: Sticks to an agenda Progresses smoothly Gets results Draws folks out Engages participants well Dissipates tense situations Increases participants’ buy-in Creates a space in which participants feel valued and important The ability to confidently and... Read More
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
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
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
Board policies work in tandem with the foundation’s bylaws or trust document to create the foundation’s structure. Bylaws or the trust document are legally binding and based in state law; policies also are considered binding, but they are less likely to be backed by force of law and are easier to amend (e.g., usually by... Read More