Private Family Foundations Annual Governance Checklist

The fun and rewarding activities of a family foundation center around determining the causes and organizations the foundation will support. While working together to make a difference, it is important to remember the family foundation is also a business requiring the same effective governance practices as a family business. This is especially critical when multiple generations of family members are involved. There is no one-size-fits-all approach to governing family foundations. However, there are standard practices to incorporate into foundation oversight activities.