Day 14
Jeff Haskell
Expert Tip: Create an Internal Mission Statement
Did you know that in addition to adopting an external mission statement, many foundations also draft an internal mission?
Family collaboration is essential for establishing the foundation’s external mission statement, which serves as its credo in that it expresses why the foundation exists and what the family hopes to accomplish with it.
The internal mission statement specifies how the foundation will function to build family, encourage education, and confer family values to younger members. Internal missions might focus on increasing family participation and cohesiveness, perpetuating family traditions, building core abilities, preserving family history and/or training future generations.
A properly crafted mission statement serves as a touchstone and frame of reference for all organizational activities and plans. Hashing out the foundation’s raison d’etre will help the family identify and address potential differences in philosophy, concept and priorities.
In day 2, we challenged you to create or revisit your external mission statement. Today, we’re challenging you to create an internal mission statement for your family.
To get started, check out these examples of internal missions and how Foundation Source clients have used their family foundations to achieve them.
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