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Considerations for Hiring an OCIO—Take the “T” Test
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
New to Grantmaking? I Was Too
Within hours of the September 11 World Trade Center terrorist attack, my voicemail and email were overloaded with requests for services from corporations, mental health agencies, and schools. All were looking for assistance in how to help adult survivors cope with the sudden traumatic death of their loved ones and support the grieving children and... Read More
10 Foundation Activities That Call For Additional Care
Private foundation trustees and staff oversee countless activities, from setting direction and selecting grantees to reviewing policies and investing assets. Several foundation tasks—some mandatory, some voluntary—call for additional care. All are worth your careful consideration to help you be financially savvy and legally compliant, and to help you take full advantage of your foundation’s flexibility.... Read More
A Compass Only Works When You Trust It
In philanthropy, like in life, we have relatively little ability to control disruptions, internal or external, and the big changes they often portend. Although we may anticipate an influx of assets upon the sale of a business, or predict the arrival of the next generation, most of us can’t really manage the exact timing and... Read More
Donor Intent: Building a Legacy of Impact Through Partnerships
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
Embracing Our Foundation’s Role as a Convenor
The Buhl Regional Health Foundation is a new health conversion foundation in Western Pennsylvania, situated on the Ohio state line. We convened a daylong community health forum last fall to connect community leaders and organizations, explore our evolving region, and identify opportunities to improve the region’s well-being. Over the past 30 years or more, our... Read More