Experts and experience have shown that the most effective grantmaking in response to a disaster follow the “Four Cs”: Connect with a good source of information about the disaster. Local organizations are already at the scene, know best what is needed, and understand the complex political, social, and cultural context. You might call on: The... Read More
“Few tasks in the foundation world prove as interesting, rewarding, and exhilarating as the site visit,” write the authors of Grantmaking Basics: A Field Guide for Funders. “Site visits can lift your spirits and enliven your day by reminding you precisely why you chose to work in the foundation world.” Make the most of your... Read More
Establishing clear procedures for monitoring, evaluating, and changing your investment providers—including outside investment consultants, an outsourced chief investment officer (OCIO), and/or investment managers—are key parts of fiduciary responsibility. Your investment policy statement (IPS) should include these procedures. Matthew Wright, president and chief investment officer of Disciplina Group, recommends that any contracts regarding investment services should... Read More
How do foundation trustees become a vibrant, unified team with members who are moving in the same direction? How do they become a team that respects one another’s values while passionately sharing a clear and common vision? Developing a mission statement can help trustees focus. It’s a challenge to know one’s own values and to... Read More
A job description is a general, global view of the job and its responsibilities. It should include the title of the position and a broad view of the requirements of the job; for example: The executive director is the chief executive officer and is responsible for carrying out the policies established by the board, interacting... Read More
Basic requirements for board composition generally are reflected in a foundation’s bylaws or trust document. You’ll also want to consider the qualities you want in individuals who serve on your board. It is helpful to describe the expectations of board members in a position description. Bylaws or trust document requirements Every state has basic requirements... Read More