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
Do you want to catalyze change at your foundation? Perhaps you want to improve board dynamics, refine your mission, or implement new technology. Many forces can initiate change, and here we explore how your fellow trustees and staff champion change successfully from the inside out. Every situation is different, of course, and we encourage you to use these ideas not as a... Read More
Last year, for organizations positioned to engage young leaders and for young leaders themselves, a colleague and I shared ways to create a welcoming space for the next generation to learn and build confidence. See Are You Creating Space for Young Leaders to Lead? >> Because the challenge of engaging the next generation—and getting engaged as... Read More
The term Outsourced Chief Investment Officer (OCIO) has gained popularity in the investment industry as investment consultants, banks, and small wealth management firms are now offering OCIO services to foundations, endowments, and nonprofits. You may be considering this model instead of the self-managed or consultant model used in the past. Below we include the “T”... Read More
How does today’s social impact culture affect the way you engage your children and grandchildren in your family’s philanthropy? That’s a question many trustees of America’s 42,000 family foundations are asking themselves as they look more closely at strategies to fulfill community passions, conduct responsible grantmaking, and inspire a philanthropic legacy for the next generation.... Read More
There are big benefits when a family foundation invites one or more nonfamily members to its board. Nonfamily members can help the family make more objective grantmaking decisions. Similarly, family members tend to behave differently in the presence of nonfamily members. This can help shift family dynamics that may be getting in the way of... Read More