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Mom and Dad are aging but we want to keep them involved. Aunt Sally has been running the foundation forever but the other board members feel it is time for someone else to take over. Uncle John is beginning to get confused. The three sisters in the second generation have been controlling things for years but the next generation wants a chance. Should we have a category of Emeritus board member for our aging members?
There are many different possible motives in the examples above – with different implications for the appropriate roles, rights and responsibilities of Emeritus members.
Whatever your situation, be sure to identify and follow practical guidelines when setting up an Emeritus option for your board and family. Be absolutely clear about the expectations, roles and responsibilities of Emeritus members.
Establishing the option of Emeritus board member will not work for all foundations – or for all individuals – but it can be a useful approach in the right situation. Contact the National Center for additional guidance and to connect with other families that have successfully used this approach.
Read the full article about emeritus board members at the National Center for Family Philanthropy.