Developing a Purpose-aligned Budget for Family Foundations

A yearly budget can appear rather cut and dry, but depending on who makes decisions about the budget and how these choices are made, there will be wide-ranging implications for the philanthropy’s grantmaking and spending policies. Budget decisions should also be informed by the collective values and purpose of a philanthropy, and not just the financial aspects. What are the questions you ask when developing your budget and allocating resources, and who is permitted to weigh in on these decisions? What are you trying to accomplish, and what do you need to spend to reach those goals? What are the different types of capital available to use towards your social impact goals? And is your family thinking critically about perpetuity and lifespan? As a follow up to the September 14th webinar, Operationalizing Equity Practices, learn how your budgeting process can be used to further your philanthropic purpose and equity commitments.

This National Center for Family Philanthropy (NCFP) webinar is a free benefit of MCF membership. Log-in details will be provided in your confirmation email.