Not Necessarily. While Some Family Foundations Prefer That All Trustees Be Family Members, Others Find That A Few Outside Voices Can Enrich the Process
Foundation board members accept the responsibility to guide foundations wisely and with care, to give their time and attention to ensuring that the foundation is operated for public benefit, and to make certain that legal, ethical and fiduciary standards are met.
The Council's board and governance resources are designed to provide the tools and knowledge essential to understanding the governance of foundations.
In-Depth knowledge on Boards & Governance
For incorporating the next generation onto family foundation boards.
Outlines the foundation materials for a new board member to become thoroughly familiar with.
This board briefing will help your board consider three main questions: what are the advantages and limitations of CEOs on boards? If the CEO is on the board, should he or she have full voting rights? How do your colleagues approach this decision?
Includes job descriptions for President/Chair of the Board, Vice President of the Board, Secretary of the Board, and Treasurer of the Board
With so many variables at work, is there an ideal size for foundation boards?
The basic legalities of board compensation, a sampling of the most common practices and a breakdown of the pros of both compensated and voluntary board service
Family foundations 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 family members, but how do you define family member?
Strategies for building a successful CEO-Board Chair relationship.