EVENTS OF NOTE

Pamela Maksy, Financial Services Manager and Treasurer at GMA Foundations addressed the role of the trustee as fiduciary at a recent Associated Grantmakers Workshop.

She outlined what the role entails and explain how trustees can interact with their investment, tax, and legal advisors to exercise “due diligence” in safeguarding the foundation’s assets.  She also covered the basic requirements of record keeping. Continue Reading »

ARTS SPOTLIGHT

“Giant Red Squirt Gun” was created by first year University of Cincinnati students as part of an exercise about scale and the creation of giant toys.

This project was supported by the NLT Foundation as part of Cincinnati’s Clifton Cultural Arts Center’s 2010-11 Outdoor Sculpture Installation, “Waterworks.”

Photo by Helen Adams Photography.

In many ways, private foundations and public charities are joined at the hip. Not only do they share space in the pages of the IRS Cumulative List of Organizations, their governance models, relying on a strong and capable board of directors, are often identical.

“The Directors’ Dozen,” by Shirin Philipp and Richard Shaul-Yauder of Foley Hoag LLP, provides a useful and highly readable checklist for board members. GMA Foundations has staffed the Foley Hoag Foundation since 1982.

To read the checklist, click here.