Private Foundations

Challenges Facing Private Foundations: Geographic Dispersion

Two young women at a board meeting in front of a global map
 

Increased mobility and improvements in connectivity have resulted in a greater level of geographic dispersion among decision makers at private foundations. This is particularly true among the next generation; in fact, 40 percent of younger family members involved with a family foundation have moved away from the geographic headquarters.

For private foundation boards dealing with this challenge, it is important to consider best practices and answer critical questions prior to evaluating donor requests and establishing a strategy.

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For more information about the SunTrust Foundations and Endowments Specialty Practice, please visit us at suntrust.com/foundationsandendowments or suntrust.com/nonprofitinsights.

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