Step 1: Define Goals, We start with a clean slate, an unbiased and independent view. We engage the board members in an open dialogue with one goal in mind - add significant value by first listening, probing and clarifying. Within the first step of our process we will revisit your mission statement, investment policy statement and administration policies & procedures (including compliance monitoring, grant processing and regulatory issues). However, the purpose of the first conversations is for us to help you redefine and confirm the macro goals, needs and priorities of the organization. For Private Family Foundations we recommend the board be comprised of representatives of all the families' generations. We have found that early participation in the family foundation promotes responsible growth and learning for the younger members of the family.
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