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Crafting a Compensation Philosophy

Published: 
December 2021
A compensation philosophy serves as a guide for employers who are making compensation decisions. It also provides transparency to employees who seek to understand decisions that are made. The attached documents offer a starting point for crafting a comprehensive compensation philosophy along with sample excerpts from philanthropic organizations.
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Aligning Banking and Organizational Values

Published: 
November 2021
During MCF’s fall 2021 Impact Investing Network meeting, members discussed aligning banking practices with organizational values. Aligning values could include choosing a bank based on the diversity of its ownership or leadership, on the geographic area where the bank focuses its investments, on the locations of the bank branches, or various other factors. Network members discussed two ways to align banking and values: (1) use values-based criteria to select a new bank or (2) actively express your values to your current bank in order to inform institutional change. Attached are two sample...
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Investment Policy Statement

Most foundations are required by law to distribute 5 percent of the value of investment assets each year to charitable and administrative purposes. Impact investing is an opportunity to leverage the other 95 percent beyond grant dollars to advance solutions like the need for more clean energy and decent housing. With this 21st-century investing approach, we amplify our philanthropic impact and steward our endowment. Use McKnight Foundation's Impact Policy Statement for ideas on how your foundation can approach impact investing.
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Program Related Investment Templates

MCF is offering templates for Program Related Investment (PRI) documents. The templates of commonly used documents are available for use by MCF members incorporated as private foundations including independent foundations, family foundations, and private corporate foundations. The documents are intended to meet the needs of investments structured as PRIs, with minimal modifications. MCF is offering these templates, for a small fee, to MCF members. PRI Cover Memorandum Template : Explains how to use the forms, basic explanation of PRI rules and legal disclaimer. PRI...
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