Absolutely! Conflicts of interest are common in the course of running a foundation, given that board members and staff tend to be connected with many others in their communities on a personal and professional basis. Conflicts of interest can be easily managed with a conflict of interest policy. Find sample conflict of interest policies and... Read More
Even small foundation boards can benefit from developing an investment committee with just a few members, so it is clear who is leading the charge. Investment committees are also helpful in providing a clear mandate to outside managers and consultants. Read more about investment committees, including tips on selecting members and holding meetings. You may... Read More
Some philanthropists decide to operate in the public realm early on. Others go public at some point over time, often when they feel compelled to act. However it emerges, going public can be a pivotal transition point and a bold act of leadership. We gathered a list of big and small ways funders go public... Read More
You won’t find bullies on every board, but, when you do, they can create surprisingly high levels of stress for fellow board members and damaging the integrity, effectiveness, and impact of the board’s work. Try these tips for a successful, creative response to bullying behavior. Read More
Private foundations may cover the registration and reasonable travel expenses for family members to attend conferences and education programs relevant to their current or future service, or to attend foundation retreats—if the family member is being trained for service on the foundation board or an advisory committee to the board. Generally, private foundations cannot cover these expenses... Read More
It is permissible for a private foundation to donate in-kind gifts to a grantee. The private foundation will use the fair market value of the item for purposes of calculating the distribution amount. That said, there are two basic issues to consider in this situation: Be sure to understand the grantee’s reason for asking for... Read More