By Frank L. Ellsworth, Joseph Lumarda
FROM GRANTMAKER TO LEADERThe earlier 100 years has borne witness to a rare revolution within the structure and actions of philanthropic foundations. The evolution of the governance of foundations-from founder to kin to pros to institutions-has unavoidably altered the position that foundations play inside a society. As neighborhood foundations, for instance, improve the fundamental communal textile and support all organisations achieve a monetary foothold, they locate themselves now and then in clash with advertisement reward money, whose transactional nature among the donor and the association stimulates philanthropy in a unconditionally assorted model. From Grantmaker to chief: rising thoughts for twenty first Century Foundations takes inventory of this transferring panorama, providing daring management concepts for steering philanthropic agencies into the unchartered waters of the future.Seasoned starting place executives Frank Ellsworth and Joseph Lumarda gather an all-star roster of insider members, dividing their trenchant research into 3 sections. "From Carnegie to Gates: The altering Faces and desires of Philanthropy" examines the heritage of kinfolk and group foundations and the way the turmoil of the "New economic system" will impact those companies sooner or later. part , "The Foundation's New achieve: The rising position of chief, Communicator, and Facilitator of swap" addresses the serious accountability of successfully articulating a foundation's message, displaying how messages can effectively penetrate the media. eventually, the 3rd part "Building the root Board of the twenty first Century: range and Strategic making plans" analyzes all elements of starting place forums of administrators, together with their make-up, tasks, backgrounds, valuable variety, and the function of forums in beginning making plans. all through all 3 sections, From Grantmaker to chief tackles the entire severe concerns dealing with philanthropic foundations at the present time, such as:* move of wealth* Legislative issues* IRS audits* The function of foundations in public coverage matters, comparable to crusade spending* responsibility* deliberate giving* evaluation of the effectiveness of giving* Socially accountable funding and social go back on investmentEven because the very nature of foundations has replaced, a basic query continues to be: will philanthropies play a extra pervasive position in society's destiny or will their impression endlessly stay elitist and selective? Writing at once for trustees, practitioners, starting place CEOs and CFOs, and each philanthropic specialist, Ellsworth and Lumarda make the convincing case that foundations subject greater than ever, delivering confirmed options for philanthropic success.FRANK L. ELLSWORTH is a vp at Capital learn and administration corporation, the place he oversees and coordinates courses and prone to endowments in Los Angeles.JOSEPH LUMARDA is the administrative vice chairman of exterior Affairs for the California group origin in l. a..
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For instance, federal law on self-dealing prevents family members from becoming involved in certain foundation business. In addition state fiduciary law holds trustees to strict adherence to rules of prudent care of assets. This legal regulation seems restrictive to some families who operate foundations, but on balance most families are able to use their own members as foundation resources within the federal rules. 6 For the most part, these restrictions do not involve the application of subjective arm’s-length standards and are not a function of fairness, equity, or reasonableness.
5 million) in Seattle change their mission. Board members of Laird Norton live in Maine, Michigan, Utah, and Washington State. Originally, the foundation funded religious and educational institutions, primarily in Minnesota where the family had a lumber business. Over time, that mission was widened to include grantmaking in other states where the family had forestry interests and then changed to support forestry education and conservation programs. In 1994, feeling that foundation grantmaking had become “drive-by philanthropy,” Patrick de Freitas, a family member, became board president.
Now, his principal means of shipping information is e-mail over the Internet. He uses email to send reports of foundation activities and assets, share his ideas on such topics as board development, and keep the board informed on foundation areas of interest. ps 9/25/02 7:15 AM Page 34 Family Philanthropy in Twenty-First Century America sidered for funding. The technologically sophisticated Beveridge Foundation created a website that guides grantseekers through a series of screens to determine whether they fit the foundation’s guidelines.