Ideas for building great governance in a family foundation

Building great governance in a family philanthropy is an important but under-researched area.     What does a good family foundation board look like?  What is the best way to find and select great trustees?  And how do we get the best from trustees?

Click to view the paper “Four steps for improving and future proofing family foundation governance”

My just-released report attempts to answer these questions.    I was commissioned to write  this by the Hugh Green Foundation and have published it in conjunction with Philanthropy NZ.  The paper draws from interviews with NZ family foundations, US and Australian experts and from a review of international research, and makes practical suggestions for improving and future-proofing family philanthropy governance.  These suggestions are organised into a four-step process:

  • Step One: Build family engagement
  • Step Two: Revisit board structures
  • Step Three: Find and select best-fit trustees
  • Step Four: Get the best from your board

If you have an interest in family philanthropy and governance, have a read!  Feedback most welcome.

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