Foundations can take different approaches to rebalancing a portfolio, whether driven by the market, performance, or the calendar. Calendar or periodic rebalancing at specified times (monthly, quarterly, or annually)—Rebalancing can be set to return to a specific target allocation each time. It also can be set to return to an allowable range within a set... Read More
As would be expected, a foundation’s specific due diligence program (e.g., staffing, expertise, structure, scope) for both investment due diligence and operational due diligence (ODD) will be impacted significantly by the investment model it currently follows (i.e., investment duties managed by foundation board members, internal investment staff, an outsourced chief investment officer, or a mix... Read More
A leadership succession plan is a written document—approved by the board and easily available to board members—that identifies the process by which leadership will be assumed when key organizational leaders depart, whether the departure is planned or unplanned, permanent or temporary. A succession plan is an essential and critical source of guidance, and an expression... Read More
In philanthropy, going public refers to intentionally engaging publicly with the communities, causes, and conversations that matter to you and your mission. Some philanthropists decide to operate in the public realm early on. Many others, though, go public at some point over time, often when they feel compelled to act. However it emerges, going public... Read More
What are we trying to achieve with our grants? You can answer this question in many ways, and one way to start is with how and what you fund. These components shape your philanthropic orientation, the unique way that your foundation approaches the funding process. The how of your giving hinges on how you choose... Read More
The manager, a Baby Boomer, wants to schedule a meeting where she can sit across the table from her employees and discuss the latest project. Her longtime staff member from the World War II generation is ready to go, looking to share stories about what used to work well for the company. Her Millennial employees,... Read More