Junior Boards

When a group of Smith family members1 meets twice a year as a board to discuss investments and grantees for their family foundation, much of the procedure appears routine. The members talk about stocks in which some of their foundation's money might be invested. They arrange site visits to assess potential grantees. And they debate their investment portfolio's performance. But this meeting is different

When a group of Smith family members1 meets twice a year as a board to discuss investments and grantees for their family foundation, much of the procedure appears routine. The members talk about stocks in which some of their foundation's money might be invested. They arrange site visits to assess potential grantees. And they debate their investment portfolio's performance.

But this meeting is different than what you'd find at other foundation boards. The talk stays rather b

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