Reinventing the foundation board
Updated roles and responsibilities can maximize the financial potential of philanthropy
Trustee talking points
- Philanthropy is growing in importance as health care transforms toward new models. As it does, health care organizations need to re-examine the role of their foundation board.
- Health care foundations have a singular purpose: raising money for their supported health care organization.
- To do this, foundation board members need to be keyed in to their organization’s strategy and willing to engage in the work of development.
- To bolster development efforts, board members should back a targeted use of charitable funds, create an environment to support high performance and connect others in the community to the organization.