Chapter 12 The governance of foundations
Restricted access

Foundations are a very specific type of nonprofit organization. What distinguishes foundations from many other types of nonprofits, especially in terms of governance, is the role of the founder. The founder’s intent is encapsulated in the foundation’s deed and is thus a guidance that cannot be changed easily. Additionally, grant-making foundations are unique as they do not need to raise money but rather provide financial resources to other organizations. This chapter offers a general overview on foundation governance, including legal and historical fundamentals, different types of foundations, and actors of foundation governance. This includes the recent call for more democratic procedures in foundation governance. Afterwards, major challenges of foundation governance are discussed. Asset allocation, succession planning and conflicts of interest are specific topics for which foundation boards are constantly seeking solutions. Recent methods such as self-assessment and grantee perception should improve the overall functioning of the foundation.

You are not authenticated to view the full text of this chapter or article.

Access options

Get access to the full article by using one of the access options below.

Other access options

Redeem Token

Institutional Login

Log in with Open Athens, Shibboleth, or your institutional credentials

Login via Institutional Access

Personal login

Log in with your Elgar Online account

Login with you Elgar account
Handbook