Reaching consensus is difficult, particularly during a decision-making moment that will have a real impact on your philanthropy.
Every type of foundation – family, corporate, community or independent foundation – can stumble into issues of self-dealing and conflicts of interest.
Governance, a system for who will make decisions and how, is the guiding framework for your family philanthropy’s long-term success.
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.
Board meetings serve as a touchpoint for engaged family members and decision makers to come together in service of a collective giving effort—to make choices about strategy, direct funding, and receive updates on the philanthropy.
Governance practices of philanthropic families are evolving to include more diverse voices and perspectives.
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 or you are a current board member – this session is for you.
Join us for the 2020 MCF Annual Meeting of Members–Hindsight is 2020. This year’s meeting will be held remotely on Wednesday, December 9, 2020 from 1:00 p.m. – 2:00 p.m.
Description: Family funds and foundations serve two purposes - to fulfill a philanthropic mission and to keep family members connected to each other and family legacy.
