The first blog in a 3-part series When Fran Sykes, founder and president of Pascale Sykes Foundation, tells people she is purposely closing her foundation’s doors in four years as a conscientious business strategy, people seem puzzled. Why would anyone purposely go out of business? Like many foundations, Pascale Sykes was originally established in perpetuity.... Read More
There are big benefits when a family foundation invites one or more nonfamily members to its board. Nonfamily members can help the family make more objective grantmaking decisions. Similarly, family members tend to behave differently in the presence of nonfamily members. This can help shift family dynamics that may be getting in the way of... Read More
The National Recreation Foundation (NRF), with roots going back to 1919, supports youth development through recreation. It believes all young people should have the opportunity to have positive recreational experiences, regardless of their geographic, social or economic status. When these experiences are accessible to everyone, everywhere, they build strong kids and communities. Historically, the NRF... Read More
I once sat on the board of a nonprofit organization that had undertaken what eventually became an award-winning planning process for its property holdings. This effort engaged all staff and board and generated lots of creative energy from the surrounding community. Within a couple months after completing the plan, staff recommended a capital improvement inconsistent... Read More
“Our foundation had succession planning thrust upon us,” shares John Valliant, president of the Grayce B. Kerr Fund. “We had been talking about succession for some time, and then we were blindsided by illness and death.” Fortunately, not every foundation faces such sudden and tragic events. But experiences of this nature are profound reminders of... Read More
In the first blog in this 3-part series, Fran Sykes reflected on how her board’s decision to sunset spurred the foundation to stretch and expand its vision, and try to establish a legacy in its limited time. In this blog, Fran describes their plans and assumptions, and how their path took them into new territory.... Read More