June 15, 2012: “A Family Foundation Trustee To Do List” Meg Lassar, Strategic Philanthropy.
Being a contributing member of a family foundation board goes beyond fulfilling basic fiduciary duties. Ideally, trustees are engaged in the work of the foundation on various levels: from determining the overall mission and philanthropic strategy to codifying the procedures and policies that guide daily operations. Too often, however, for many family foundation board members being a “good steward” is defined by preparing for and attending board meetings, voting on policies and grants, and in some instances, providing investment oversight. (A Family Foundation Trustee “To Do” List)
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