Regular performance evaluations—at least once a year—can help staff improve their work. The board evaluates the foundation’s lead staff person (i.e., executive director, foundation administrator, CEO). In turn, the lead staff person evaluates other staff members and consultants (as applicable). In some cases, staff members evaluate themselves and then compare their assessments with their supervisor.... Read More
Documenting and following donor intent is of concern not only to family foundations but to independent foundations, corporate foundations, community foundations, and operating foundations. Some donors have specific criteria they wish the foundation follow for its lifetime, whereas other donors want the foundation to be flexible in responding to future needs. As a result, understanding... Read More
By following a few simple steps to create an orientation that is both effective and engaging, you can give your new trustees the tools they need. Here’s how. See also the publication Bringing on the Board: Practical Steps for Orienting Foundation Board Members >> Set your goals If you define your goals before designing the... Read More
At The Triple EEE Foundation, we have used scrutiny of our investment managers and unique investment ideas to weather the recent economic storms and further our mission. Although our family foundation was created in 1993, I became very interested in foundation investing in 2000. That year, at an Exponent Philanthropy conference in Chicago, one of... Read More
A foundation executive director, I am sharing four lessons about how to evaluate outcomes more effectively. The points that follow are not complex ideas. To many, they probably seem obvious. As is often the case for me, the mere act of recording them provided me with new insights. Find the right approach for your work... Read More
A fairly simple review using any of the following sources will give you information about a nonprofit’s finances. As you get more comfortable with financials or seek detailed information about particular organizations, you can examine financials more extensively: Charity rating services—These Web-based rating services are great starting points for information about nonprofits you are considering.... Read More