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 volunteerseach 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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About the Author
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.
Table of Contents
Chapter 1 Introduction Part 2 Part I: Family Foundations in Context Chapter 3 Understanding Family Foundations Chapter 4 Family Philanthropy in North America Part 5 Part II: The Development of the Family Foundation Chapter 6 Choices and Challenges for the Controlling Trustee Foundation Chapter 7 The Collaborative Family Foundation Chapter 8 The Family-Governed Staff-Managed Family Foundation Part 9 Part III: Lessons on Governance and Continuity Chapter 10 Mission and Dream: Inventing and Reinventing the Foundation Chapter 11 Family Dynamics Chapter 12 Developing the Organizational Structure Chapter 13 Preparing for Future Generations Chapter 14 The Promise of Generations of Giving Chapter 15 Appendices Chapter 16 Bibliography