Working Towards Foundation 2.0: Professionalizing Your Family Foundation, Posted in the National Center for Family Philanthropy
The National Center for Family Philanthropy, Online February 2020
Creating and running a family foundation can be rewarding and impactful. However, when a family foundation grows and hires non-family or family staff to operate the organization, it is imperative that systems are put in place to professionalize the foundation. These systems will introduce clarity and objectivity in decision making, reduce potential conflicts, and ensure the foundation follows best nonprofit practices.
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