FOUNDATION MANAGEMENT：INNOVATION AND RESPONSIBILITY AT HOME AND ABROAD

Foundation Management represents the only single-volume reference to cover tried and true and emerging financial planning and management issues-in both the domestic and foreign sectors-affecting philanthropic foundations. A companion to Frank Ellsworth and Joe Lumarda's From Grantmaker to Leader: Emerging Strategies for 21st Century Foundations, this comprehensive survey not only provides practitioners with a better understanding of the changing financial, legal, and international landscape, but also delivers targeted operational management strategies. Topics covered include:

• European foundations
• Nongovernment organizations in Asia
• U.S. and Mexican relations foundations
• The relationship between the IRS and philanthropic foundations
• The roles of lawyers, accountants, and investment professionals

Extensive interviews with key industry insiders supplement the commentary throughout. Trustees, CEOs, CFOs, members of investment committees, tax and estate-planning professionals, and program officers will find Foundation Management to be an indispensable resource.

Introduction.

SECTION ONE: EXPORTING PHILANTHROPY: THE GROWING PRESENCE OF AND RELATIONSHIP WITH FOUNDATIONS ABROAD.

Chapter 1. Emerging Legal Issues in International Philanthropy (J. Peebles).

Chapter 2. The Old and New Traditions of European Foundations (The European Foundation Centre).

Chapter 3. Philanthropic Foundations in East Asia (B. Baron).

Chapter 4. Bolstering Border Philanthropy: United States and Mexico Join Forces to Combat an Array of Problems (G. Williams).

SECTION TWO: MORE THAN SITTING ON MONEY: THE GENTLE BALANCE OF PRUDENCE, GROWTH AND MISSION.

Chapter 5. The Process of Investment: Stakeholder Negotiations (R. T. Hill and C. T. Cross).

Chapter 6. Assets, Investment, and Prudence (J. Kearns).

SECTION THREE: THE TRUSTED COUNSEL: THE CHANGING RULES AND ROLES OF ADVISORS.

Chapter 7. The Role of Counsel in Foundations: Choices, Beginnings, and Service (R. Cafferata).

Chapter 8. The IRS Eyes the Foundation World (D. Mancino).

Chapter 9. Beyond the Numbers: A View from the Accountant (D. Cornwell, et al.).

Afterword: Artists Beware (F. Nicholas).

Index.