Posts tagged to 'Board compensation'

What is a disqualified person?

Posted by Benjamin T. White on May 15, 2013

Self-dealing is defined to include almost all business and financial transactions between a private foundation and its “disqualified persons.” So what is exactly is a disqualified person? The following is excerpted from the National Center for Family Philanthropy’s Passages Issue Brief, “Avoiding...

Family members as staff

Posted by National Center for Family Philanthropy on November 15, 2010

What is the best way to formalize the process of hiring and setting salary for a family member? LIZ WALTERS: Off the top of my head, I can think of four things that we did. The first thing was to create job descriptions. I was the only staff member to begin with, but we also created a job description...

Board compensation

Posted by National Center for Family Philanthropy on April 15, 2008

Q: Should we pay the trustees of our family foundation? A: The National Center for Family Philanthropy neither advocates nor opposes board compensation. We hold the position that any foundation policy or practice, including board compensation, should help the foundation further its mission, values, and...

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