We’ve interviewed dozens of lean funders at various points during their equity journeys over the years. Through those conversations, emails, and a review of documents, policies, and practices, we were able to create a rough map of the lean funder’s equity journey. This journey has four phases: Thinking about equity Making policy changes Building trust... Read More
When my wife and I set up our family foundation in 2012, we engaged my three children (then in their late teens and early 20s) in deciding whether a foundation was something we wanted to do as a family. We pressed the kids long and hard, even handed out questionnaires, wanting it to be a... Read More
Family foundations are a cornerstone of philanthropy, channeling generational wealth into impactful grantmaking and community initiatives. These foundations are often guided by the values, traditions, and priorities of a donor family, resulting in distinct governance structures, staffing patterns, and grantmaking approaches. Whether entirely family-run or including nonfamily board members, family foundations play a vital role... Read More
Donor intent matters. A bevy of articles, consultants, and examples are available on how to craft donor intent statements and how to communicate them. Whatever the content and form, they should be dynamic, reciprocal learning tools that engage family members and beneficiaries. Extreme care needs to be applied so donor intent is not a one-way,... Read More
Joe Wilson, founder of the Xerox Corporation, and his wife, Peggy, formed the Wilson Foundation in 1963. A few years ago, we engaged in strategic planning to revisit our giving priorities. At the time, our board had 24 members that spanned three generations, and were spread across the country. In order to achieve our impact... Read More
Engaging the next generation in philanthropy can be both exciting and challenging. Whether you’re thinking of children, grandchildren, nieces, nephews, or younger staff and board members, many foundations struggle to find meaningful ways to bring them into the fold. “The most important thing is to treat young people as equals at the board table,” says... Read More