Next generation philanthropy. No matter how you define the next generation, many foundations struggle to engage this subset into their philanthropy. “The most important thing is to treat young people as equals at the board table,” says Susan Price from the National Center for Family Philanthropy. “They don’t know everything the older generation knows, but... Read More
According to Fidelity Charitable, a private family foundation is “a type of private foundation set up by a family, funded with the family’s assets and often run by family members who can also participate in its charitable grantmaking.” Our annual Foundation Operations and Management Report (FOMR) gives insights into the grantmaking, operations, and management of... Read More
It’s often said that family and money don’t mix well. However, I would challenge the notion—I literally wrote the book, A Passion for Giving, on the topic, providing practical guidelines to leverage family wealth for impactful philanthropy. Giving is not just good for the world, but also integral to nurturing healthy family dynamics—and may even... Read More
To make the time you spend on proposal review even more focused and efficient, it’s essential to invest a little time in preparation. This article describes both how to prepare and how to use a prescreening process—two steps to help you focus time on the proposals that most interest your foundation and be efficient in... Read More
Nowadays, foundations rely on intermediaries to handle much of their grantmaking abroad (in dollar terms). Reputable intermediaries make it their business to meet federal regulations, such as determining the equivalency of a foreign charity and following antiterrorist financing guidelines. Taking care of these requirements eases the administrative burden of foreign grantmaking for U.S. foundations. Through... Read More
World-class athletes do not casually approach a championship match, but rather spend years in training. Likewise, nonprofit organizations and the third-party advisors with whom they partner are now taking the same disciplined, planned approach to navigating the future—including periods of transition. Transitions can be difficult, overwhelming, and can affect everyone from staff, board, and committee... Read More