Most foundations don’t set out to break the rules. In fact, many self-dealing violations occur in situations that seem entirely reasonable: saving money, supporting a grantee, or simply making things easier to manage. But when it comes to private foundations, the rules around self-dealing are intentionally strict, and often counterintuitive. As Exponent Philanthropy’s How to... Read More
Managing a private foundation with staff requires more than just focusing on its mission; it also demands careful attention to human resources. By addressing key HR questions, you can ensure your foundation is legally compliant, ethically sound, and a positive place to work. Below is a checklist to help guide your HR practices. Advisors and... 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
My family and I are dedicated philanthropists. We work hard to maximize the impact of our philanthropic dollars across a wide range of social issues. My passion is children’s health. This area of medical research and care is often overlooked or underfunded, and yet the unmet needs are great. As a survivor of brain cancer... 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
Originally published by GMA Foundations Stories are a core element of reflective practice—methods and techniques that help individuals and groups learn from their experiences. In the social sector, the stories of how organizations make a difference in the world offer insight and hope, yet they can get lost in the day-to-day work. Grantee stories may... Read More