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What Boards and Executives Need to Know: Executive Searches

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Board members and staff of philanthropic institutions regularly reach out to CMF to learn more about executive searches. The Ask CMF team has curated the following resources for those engaging with executive search firms or guiding an internally-driven executive search process for a grantmaking organization.

What Boards and Executives Need to Know: Succession Planning

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Board members and staff of philanthropic institutions regularly reach out to CMF to learn more about succession planning. The Ask CMF team has curated the following resources for organizations considering how to plan for a hypothetical or forthcoming transition for executive positions.

What Boards and Executives Need to Know: Foundations

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Board members and staff of philanthropic institutions regularly reach out to CMF to learn more about the various types of grantmaking foundations. At the most basic level, these organizations provide philanthropic support to nonprofits, individuals and other entities through grants, scholarships and other charitable activities.

What Boards and Executives Need to Know: Self-Dealing

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While private foundations have strict rules for self-dealing among disqualified persons, many of these rules are well-established best practices for other grantmakers and public charities. As public charities, all 501(c)(3) organizations are intended to serve the public good and should not be used for private or individual benefit.

What Boards and Executives Need to Know: Conflicts of Interest

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This resource shares helpful information about conflicts of interest relating to the nonprofit and philanthropic sector. Conflicts of interest are of concern for both private foundations and public charities. While self-dealing is strictly prohibited, organizations have the opportunity to manage conflict of interest situations through policies and procedures. The IRS now requires that foundations file a conflict of interest policy with its application materials, if they have adopted one. In practice, receiving exempt status essentially requires that a conflict of interest policy be adopted and submitted.

May 2023 Trustee Roundtable: Mission-Driven Succession Planning

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This on-demand recording features a discussion on mission-driven succession planning. Learn from those who have experienced transitions successfully, lessons learned and gather resources to assist with your organization’s succession planning. This conversation includes Angelique Power, president & CEO of The Skillman Foundation, Ron Hall Jr., vice chair of The Skillman Foundation board, Carol Goss, a former Skillman Foundation president and CEO and current BoardSource trustee, and Monika Kalra Varma, the current president & CEO of BoardSource.

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