Who can serve on the board of directors of a private or family foundation?
The founder/donor(s) may serve on the board and choose the other directors, who are often members of the donor’s family, trusted advisors, friends or employees. Family foundation boards are often used as a way of involving the children and grandchildren of donors in the charitable activities of the family. LKM works with younger family members to develop their philanthropic interests and helps them to become effective board members. LKM assists the board in taking an active role in articulating the foundation’s philanthropic goals and developing its strategies.
