Board policies work in tandem with the foundation’s bylaws or trust document to create the foundation’s structure. Bylaws or the trust document are legally binding and based in state law; policies also are considered binding, but they are less likely to be backed by force of law and are easier to amend (e.g., usually by... Read More
In the aftermath of major disasters, individuals, corporations, foundations, and government agencies—often from all over the world—give vast sums in response to compelling situations. What impact can small grants make when regions are devastated by disaster? “While we live in an age of large organizations and institutions, there are still many circumstances where small is... Read More
Kylie, age 9, writes: Last year was such a great year. The board approved my grant request for Project HELP, and I presented a session called “Youth on Board” at the Exponent Philanthropy National Conference. I was the youngest person to present at the conference. I got to answer questions and even get interviewed afterward.... Read More
The Needmor Fund believes that foundations express their values through more than just where they give their money. How they behave as organizations and use their assets also reflects those values. The fund first became aware of conflict between its mission and its investments in the 1980s. Here’s their story. As stockholders, we are the... 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
A conflict of interest can occur any time a board member or staff’s outside involvements (e.g., business interests, family relationships, political affiliations, other charitable activities) intersect with those of the foundation. The benefit, or potential benefit by board or staff, can lead to biased decisions and unethical behavior, or the appearance of such. In instances... Read More