As the president of a family foundation that has made the transition to an all third-generation board, I am often asked by colleagues for tips on successfully engaging next gen family members. Here is one: consider offering one-year, renewable board terms to family. I haven’t done a study on this, but I would guess that... Read More
How can a small foundation with a limited grantmaking budget leverage its resources to make an even greater impact? This post includes questions to ask yourself in pursuit of greater impact. Each foundation’s unique approach to impact will represent its passion, character, leadership, capacity, and history. As we dialogue with other funders, nonprofits, and thought... Read More
This post is the second in a 2-part series on leadership succession planning. Read part 1 on the importance of planning for leadership succession now. Exponent Philanthropy members can explore these themes further in an article by the same authors in our Fall 2015 issue of Essentials. Leadership succession planning is a process, not just a... Read More
This post is an excerpt from the complimentary resource Essentials of Impact Investing: A Guide for Small-Staffed Foundations, created by Exponent Philanthropy and partners Mission Investors Exchange and Arabella Advisors. Want to align your investments with your mission? Download Essentials of Impact Investing: A Guide for Small-Staffed Foundations >> By Cynthia Muller and Catherine Toner, Arabella Advisors For... Read More
With so many worthy options, how do foundations choose? The key is to find grantees that are right for your foundation—a match for your goals, your strategies, and your tolerance for risk. Start by taking stock For starters, look in the mirror. Is your foundation clear about its goals? Can you articulate your approach to... Read More
Lana Vento Charitable Trust (LVCT) recently tailored its grant process to fit a local theater’s organizational capacity and reflect the size of its grant. Read about the steps it took to minimize the theater’s paperwork and maximize its time spent on programs. For the past 7 years, Lana Vento Charitable Trust (LVCT) awarded Pistarckle Theater... Read More