Plan Your Giving Structure
Once you complete the legal and organizational steps to set up your foundation, it’s time to hire staff and build out your programs. Our experience shows that it’s best to hire a dedicated person – don’t ask an employee to do this work in addition to his or her regular job. However, do leverage the experience, insight and resources of employee volunteers through an employee volunteer council or in an informal capacity. As you get started, a single foundation executive can oversee various program components. Over time, you may want to dedicate someone for each program.
The most common programs include volunteer programs, grants programs, employee giving programs and product donations. Many of these programs are unique to the companies, employees and executives of the organizations that run them.