A man named Henry was once asked to chair a meeting at his local church. A seasoned military officer and engineer, he was embarrassed when conflict erupted and he lost control of the meeting. “The best of men, having wills of their own, are liable to attempt to carry out their own views without paying... Read More
Legal insights provided by Arnold & Porter On December 22, 2017, President Trump signed a new tax bill into law, informally referred to as the Tax Cuts and Jobs Act (the “Tax Act”). Although several proposals were dropped from the legislation, the Tax Act contains a number of provisions relating to charitable giving and tax-exempt... Read More
Regular performance evaluations—at least once a year—can help staff improve their work. The board evaluates the foundation’s lead staff person (i.e., executive director, foundation administrator, CEO). In turn, the lead staff person evaluates other staff members and consultants (as applicable). In some cases, staff members evaluate themselves and then compare their assessments with their supervisor.... Read More
At its core, CEO evaluation involves two basic steps: defining the CEO’s job responsibilities and checking back at a later point to determine if the responsibilities were met. Keep in mind: Although formal evaluation is an important component of a good working relationship, it is not a substitute for ongoing communication. CEOs need feedback year... Read More
Most foundations share basic activities, and most executive directors have common responsibilities; therefore, it is possible to use a generic executive director job description as a template and adapt it to fit the needs of your foundation. Generally, a template should be used only after you have determined what tasks should be completed by trustees,... Read More
As managing director of a small family foundation, I had often wondered what would happen if the Internal Revenue Service (IRS) or the state attorney general came knocking on our foundation’s door. Would we be prepared for an audit? Would the foundation be in compliance with legal and tax reporting requirements? Did our original organizational... Read More