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Are You Creating Space for Young Leaders to Lead?
Many young philanthropists ask themselves early on, Am I doing this right? It is understandable that emerging leaders may feel underprepared. They often are the youngest or newest member of a board or staff, sometimes just starting their professional journeys. But something more powerful than age or experience is also at work: Almost to a... Read More
Smarter Site Visits
Originally appeared on GrantCraft’s blog (May 6, 2015) A former colleague and friend at a small education nonprofit recently called to pick my brain about the role of site visits from a foundation perspective. She was in the midst of planning a visit with a local program officer. A $10,000 grant was on the line,... Read More
5 Ways to Involve Youth in Philanthropy
Today’s young people come to philanthropy via many paths—not only by way of their families’ charitable giving. For example, with a combined decade of experience in philanthropy, teens Sarah Saltzman and Luke Sturtz don’t come from families with foundations or formal giving vehicles. They plugged into philanthropy through school and community. Sarah grew up volunteering... Read More
6 Ways Self-Dealing Can Creep Into a Foundation’s Work
The self-dealing rules for private foundations can—and do—trip up even the most seasoned and well-intentioned funders. Do you make it a point to review the self-dealing rules each year and seek out expert advice? The general rule is this: Certain insiders known as “disqualified persons” are prohibited from engaging in a specific list of transactions... Read More
Paying Proper Attention to Your Professional Staff
Professional staff have the undeniable potential to further your philanthropy’s impact. Whether you’re currently staffed, anticipating a new hire, or simply weighing your options, here are tips to help your paid professionals flourish. Before a hire: Put your affairs—and your mindset—in order It goes without saying that bring staff on board requires time behind the scenes to... Read More
Are Your Trustees Involved Too Much—or Too Little—in Grantmaking?
In the 10-plus years I’ve been a consultant to foundations—and the 20-plus years I’ve been a family foundation trustee—I’ve noticed a phenomenon I’ve come to call the “trustee pendulum. ” Trustees often start out very engaged in grantmaking, reviewing all grants (often to organizations they know well) and managing the grantmaking process, which is typically... Read More
