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Halloran Philanthropies

Conversation Around Fiduciary Duties of Trustees

Summary:

Assist a foundation that funds social impact organizations by having a conversation around fiduciary duties of trustees.

Jurisdiction(s): U.S.
About the Organization: Halloran Philanthropies was founded by Harry Halloran Jr., Adriana Fernandes-Halloran and Tony Carr, through their trailblazing contributions to the formation of the global impact ecosystem. They support an impact community that listens to its innovators, changemakers and stakeholders. As a funding partner, Halloran Philanthropies provides the flexibility necessary to put ideas into practice.
Legal Entity Type: Nonprofit/Charity
SDG(s): Affordable and Clean Energy, Clean Water and Sanitation, Climate Action, Decent Work and Economic Growth, End Poverty, Gender Equality, Good Health and Well Being, Industry Innovation and Infrastructure, Life Below Water (conservation and sustainability), Life on Land (sustainability of ecosystems), Partnerships to achieve the Goals, Peace, Justice, and Strong Institutions, Quality Education, Reduced Inequalities, Responsible Consumption and Production, Sustainable Cities and Communities, Zero Hunger
Legal Issue(s):

The Executive Director of Halloran Philanthropies is hoping to have a discussion with an attorney with a rich understanding of the fiduciary duties of trustees of foundations. He feels that many trustees today are not as involved/familiar with the communities they serve, and are therefore less effective. The Executive Director would like to understand the background of the laws, how they were written, and what it would look like if we “went back to the basics.” Ultimately, he would like to have a conversation around returning to the spirit of the regulations and holding philanthropy accountable. This is a request for a high-level conversation/consultation and not attached to a specific project request.