Join MCF and partners from Lathrop GPM for a quick dive into legal basics for foundations. This training program is developed for anyone interested in understanding the laws affecting grantmaking, including foundation staff, trustees and others involved in making charitable grants in Minnesota.
We’ll start the morning with 90-minutes of Legal 101. Policies and laws constantly affect the work of philanthropists and grantmakers, making a solid grounding in the key rules critical to carrying out the work effectively. Join us as we discuss the fundamentals for foundations, the different types of foundations and public charities, as well as current issues involving donor-advised funds, PRIs and other alternatives to grantmaking, fiscal sponsorships, grants to individuals, and building equity into grantmaking programs. The session will include time for reflection and interaction as participants consider implications for their own work.
After a short break, we’ll wind up the morning with Governance 101. As stewards of the organization’s assets and mission, trustees or board members have a unique role in providing overall leadership and strategic direction of a grantmaking organization. Board members must carry out those roles consistent with their legal fiduciary duties of care, loyalty and obedience. But what does that mean in practical terms, and how can a trustee ensure they are effective in their role? The role of the board is informed by many sources, including legal standards, the interplay of responsibilities with the foundation’s executives and staff, the ability to rely on outside experts, and limitations on the liability of individual board members. Join us as we discuss foundation board governance fundamentals and best practices. Whether you are the key staff person working with trustees, a current board member, or a person who’s interested in understanding organizational structures – this session is for you.
Presenters: Catie Bitzan Amundsen, Partner and Greg Larson, Partner, Lathrop GPM LLP
This event is open to MCF members and other funders/grantmakers. Contact Paul Masiarchin with questions. MCF takes seriously the health of staff, members and other stakeholders. Please see the public health measures that we've instituted for in-person programming. In order to create the best in-person experience, this event will not be simulcast.
Meter parking is available along Washington Ave. To park in the TractorWorks ramp, please use the entrance located on 10th St.
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