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Family foundations must grapple with many questions when determining who will serve on the board. For example, who is eligible for board service? The easy answer for many foundations is that all family members are eligible, but how do you define "family member"? This document highlights some…
This resource outlines the onboarding process for a new board member.
The Stewardship Principles for Independent Foundations are a set of governance best practices that embody how independent foundations can reflect fundamental values such as honesty, integrity, fairness, and trust in their board governance, management, and grantmaking.
View the Webinar Slides
Community Foundations: Gearing up for Year-End
Spend 90 minutes with the Council's legal staff to explore topics associated with year-end. As well, take a moment out to celebrate #CFWeek and gear up for #GivingTuesday!
Topics Include:
Year-end…
Introduction
Should your foundation board members be compensated for service, or should they serve in a voluntary capacity? Whether you are considering this issue for the first time, or whether it’s a question that has arisen before, compensation has become more than an internal management…
This article explores one of the more common questions about conflicts of interest: May the foundation's lawyer serve as a trustee?
Foundation Lawyer/Trustee
Often, the lawyer who drafted a foundation's organizing documents stays on as counsel to the organization. He or she may be asked to…
The Stewardship Principles for Corporate Grantmakers are a set of governance best practices that embody how corporate philanthropies can reflect fundamental values including honesty, integrity, fairness, and trust, in their board governance, management, and grantmaking.
Under the rules applicable to private foundations, directors or trustees and staff members may be reimbursed for reasonable and necessary expenses incurred in connection with the foundation's charitable activities. Such expenditures fall under the heading of administrative costs and will generally…
Everything you need to know to stay out of trouble with third-party representatives.
Does hearing the sentence "Just make that grant check payable to my fiscal agent" stop you in your tracks? It should. If your potential grantees are washing your grant funds through an accommodating charity…
Can we pay our board members? Should we?
The issue of whether to pay foundation board members is always a controversial topic. Expect the media, regulators, general public, and even your grantees to scrutinize the decisions you make.
What is legal?
Though the rules may vary slightly by…