Not Necessarily. While Some Family Foundations Prefer That All Trustees Be Family Members, Others Find That A Few Outside Voices Can Enrich the Process
Board Members play a critical role in directing the strategic direction of foundations. The Council's board and governance resources will help board members become more effective by providing key tools and guidance 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.
Examines the challenges of preparing the next generation for leadership in the family foundation.
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?