Generations of Giving: Leadership and Continuity in Family Foundations

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Lexington Books, 2004 - Business & Economics - 283 pages
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Using detailed and comprehensive analysis, Generations of Giving: Leadership and Continuity in Family Foundations examines continuity and leadership over time within family foundations. Based upon a study of foundations in the United States and Canada that have survived through at least two generations, the authors ask probing questions, including: Why were the foundations started? What did they look like at the beginning? How did the families of the founders come to be involved? And how did they organize themselves to do their work from year to year, decade to decade? Although the foundations in the study are quite diverse in their goals and management, they have all had to confront and survive a common set of challenges. At the core of this volume is the study of two aspects of philanthropy: funding and volunteers_each essential to the survival of a foundation. This study is about the 'why' and the 'how' of these two crucial aspects. The authors give a truly unique perspective, which serves as a powerful tool for readers as they address the specific situations of their own foundations. A thorough and powerful work, Generations of Giving: Leadership and Continuity in Family Foundations demands that we must not only appreciate philanthropy, but we must also increase our understanding so that we can do it better.A co-publication with the National Center for Family Philanthropy
 

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Contents

Family Foundations in Context
15
Understanding Family Foundations
17
Project Description
21
Themes Raised in the Data
33
Notes
35
Family Philanthropy in North America
37
Early Family Philanthropy in America
38
Summary
45
Notes
178
Lessons on Governance and Continuity
179
Mission and Dream Inventing and Reinventing the Foundation
181
The Wouters Family Foundation
184
From Donor Intent to Clear Current Mission
185
Notes
190
Family Dynamics
191
Four Dimensions of Family Culture
195

Notes
47
The Development of the Family Foundation
49
Choices and Challenges for the Controlling Trustee Foundation
51
The Madison Family Foundation
52
Founders and Donors
54
Founders Motivation
56
The Transition to a Formal Foundation
65
The Critical Early Decisions
66
The LongTerm Impact of Founders Early Decisions
82
Who Defines the Organization?
84
Founders Purpose versus Family Dream
89
Notes
91
The Collaborative Family Foundation
93
The Ostrove Family Foundation
95
Choosing to Collaborate
96
Windows of Opportunity
99
Developmental Challenges for the Collaborative Family Foundation
116
True Collaboration versus Coexistence
146
Notes
147
The FamilyGoverned StaffManaged Foundation
149
The Porter Family Foundation
151
The Increasing Presence of Nonfamily Staff
152
Foundation Size and Staffing Requirements
159
The Successful Transition to a FamilyGoverned StaffManaged Foundation
163
Choosing the StaffManaged Form
167
Family Governance versus Family Management
176
Family Dynamics and Conflict Management
197
Family Dynamics and Leadership Style
201
The Impact of the Foundation on the Family
204
Notes
208
Developing the Organization Structure
209
Constraints on Organizational Performance
212
Asset Management
216
Implementing Improvement in Organization Operations
218
Notes
222
Preparing for Future Generations
223
Five Reasons That Families Avoid Succession Planning
224
Overcoming Resistance
227
Succession and Continuity
233
Notes
236
The Promise of Generations of Giving
237
The Pursuit of Excellence
238
The Future of Generations of Giving
240
Notes
242
Interview Protocol
243
Aggregated Variable List
255
Anonymity Agreement with Participants
259
Additional Tables
261
Bibliography
265
Index
271
About the Authors and the National Center for Family Philanthropy
281
Copyright

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About the author (2004)

Kelin E. Gersick is a leading consultant in the field of family-owned businesses and foundations. He is the author of Generation to Generation: Life Cycles of the Family Business, and from 1989 to 1993 he served as co-editor-in-chief of the Family Business Review.

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