SKU: P15Decisionmaking

Demystifying Decisionmaking in Family Philanthropy - Passages Issue Paper - The notion of selecting a method to use in making a decision is foreign to many family foundations and advised funds. Getting board members to agree can be difficult enough. Why would foundations and advisory boards want to add yet another step to the process? Many family foundations follow the decision-making procedures established in their bylaws. Typically, the bylaws require a majority vote or consensus to set or change policies, and foundation boards use these methods to make all decisions. This issue of Passages describes different kinds of decisions made under varying conditions and circumstances require different decision-making methods. Routine or minor decisions are often best be left to one person or a subcommittee, while more complex or highly charged matters may require the say of all board members. By Ann Shulman © September 2003 / 12 pages

E-mail a friend about this item.

Return to Catalog