This post first appeared on The Philanthropic Initiative’s (TPI) blog. Family foundations often begin with a singular vision—a passion passed down through generations, or an individual’s desire to make a lasting difference that extends beyond their life. As these foundations grow, however, their governance needs can become more complex. Governance refers to the systems, structures, and... Read More
Is your foundation board stuck or complacent? Have you been wanting board members to consider a new strategy or project, only to find they just aren’t willing to listen? Perhaps you need a new approach—a fresh one—to create the space where board members feel willing to consider change. I found a helpful idea in a... Read More
Private foundation trustees and staff oversee countless activities, from setting direction and selecting grantees to reviewing policies and investing assets. Several foundation tasks—some mandatory, some voluntary—call for additional care. All are worth your careful consideration to help you be financially savvy and legally compliant, and to help you take full advantage of your foundation’s flexibility.... Read More
Getting clear on your foundation’s lifespan is one of the most fundamental decisions your board will make. It affects virtually everything else you do. Think for a moment of the difference in, say, a 25-year lifespan or one of perpetuity when it comes to setting grantmaking priorities, managing investments, engaging the next generation, or running... Read More
This post originally appeared as a GMA Foundations case study. The Theodore Edson Parker Foundation has a history of prioritizing its commitment to underserved groups in Lowell, Massachusetts, the city in which the foundation was established in 1944. But in order to really effect change and to more closely reflect an evolving and increasingly diverse... Read More
Similar to any business, your foundation should have a succession plan that establishes key roles and identifies future leaders. A comprehensive plan can help steer your organization through moments of transition—whether expected or unexpected—to ensure continuity. Maintaining Stability During Times of Transition At some point, every foundation and its board will face a leadership transition... Read More