Public charities and family foundations are completely different entities. But when it comes to mergers, strategic partnerships or even dissolutions, the two share one thing: individuals, either board members or family members, will drive the big decisions. While the report found benefits for the causes served by public charities, several hurdles typically stand in the way of collaboration, let alone mergers. There is a great deal of pride in the name and history.”Yet more so than public charities, which are intended to exist beyond their founders and the current board members, family foundations demand the advice of family members, since most of the foundations do not have the resources for larger staffs. For some, that may be an extreme step, even though family members can still propose grants.

Source: New York Times November 04, 2016 13:35 UTC