Charity begins at home
This is an enterprise whose purpose is to donate money to charitable causes. Typically it’s a private foundation – either a corporation or a trust. In the business world, a business owner can measure financial success of the company in terms of profitability. But in the nonprofit world, how do you know when a family foundation is successful?
How does your family know whether the foundation is doing what it’s supposed to do? Who decides this? And who makes the decisions inside the foundation? How should you think about 'ownership' in terms of a private foundation? Does your foundation receive its funding from the family business or a family office? How effectively is that happening? What place does the foundation hold in how your family makes decisions overall?
These are questions where we can help you.
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