Establishing a private foundation can unite your family in the shared pleasure of giving back. It affords a rare opportunity […]
Although establishing a private foundation does offer attractive tax advantages, families are often motivated by a desire to create positive […]
Books for children on philanthropy, volunteerism, and related themes.
Outlines strategies Foundation Source advocates in order to unite family members in philanthropic work.
Foundations typically approach most grants as a team sport, debating their merits and deciding, collectively, whether they’re likely to achieve the foundation’s goals. However, in addition to granting as a group, some foundations give their board and/or family members a portion of funds to donate as individuals. Th is practice, called discretionary grantmaking, is legally permitted as long as the grants are consistent with the foundation’s charitable purpose, and there aren’t restrictions in the charter documents to prohibit it.
New survey from Foundation Source shows how donors engage their families in their private foundations.
What are the key ingredients to a truly exceptional foundation? Learn how you can soar to new heights with this informative booklet.
How to Maintain Family Engagement and Foundation Efficacy
A look at the benefits, potential downsides, and best practices of involving non-family members in a family foundation.