Great board meetings are achievable. Following a few legal requirements plus tried-and-true strategies can create an environment and a process for efficient, enjoyable foundation board meetings. Legal requirements For incorporated foundations, different states have different legal requirements for notice, quorum, voting and frequency of meetings. Requirements for meeting minutes are more standard across the nation.... Read More
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
The idea of virtual board meetings has been around since conference calls first began. However, these often were only used as a last resort and gave way to board retreat weekends filled with activities, catered meals and a focus on community building. The goal of these activities is to help form strong relationships to help... Read More
“You need to get out and kick the tires,” is one of two key phrases our founder, Stewart Kean, used frequently when advising his board at the 1772 Foundation before he passed away in 2003. The other was, “I want you to have fun.” Although these may seem to be casual statements, Stewart Kean actually was creating... Read More
This post originally appeared on the GrantCraft by Candid blog. Exponent Philanthropy is on a journey to understand, embrace, and champion equity, and we are embedding it in our programmatic and research efforts. Much of our 2020 Foundation Operations and Management Report centered around exploring how racial equity relates to good grantmaking and governance practices. The relevance... Read More
Dear Exponent Philanthropy members, For the past 25 years, I have been involved in philanthropy as an executive, board member and donor. The intense racial strife over the past couple of weeks has compelled me to share the following personal and professional anecdotes as well as suggested solutions. Frustration, anger and fatigue are all vehemently... Read More