Trusteeship and the Management of Foundations

Trusteeship and the Management of Foundations

Donald R. Young
Wilbert E. Moore
Copyright Date: 1969
Published by: Russell Sage Foundation
Pages: 168
https://www.jstor.org/stable/10.7758/9781610445665
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  • Book Info
    Trusteeship and the Management of Foundations
    Book Description:

    Offers two extended essays by two eminent social scientists on trusteeship and foundation management. The first essay, by Dr. Moore, reflects the author's long interest in the relations between the economy and the society. He examines trusteeship as a combination and interrelation of three main principles: custodial relations, lay control, and the law of trusts. Dr. Young's essay, the longer and more pragmatic of the two, applies these principles to the actual management of philanthropic foundations. Dr. Young draws upon his experience as a president of two social science foundations in his discussion of both the old and new "proprietary" foundations.

    eISBN: 978-1-61044-566-5
    Subjects: Business, Sociology

Table of Contents

  1. Front Matter
    (pp. i-ii)
  2. Preface
    (pp. iii-vi)
    Donald R. Young and Wilbert E. Moore
  3. Table of Contents
    (pp. vii-viii)
  4. Trusteeship: A Combination of Institutional Principles
    (pp. 1-36)
    Wilbert E. Moore

    Trust is an essential ingredient of enduring human relations. In its simplest and most general form it consists in a more or less realistic confidence in fulfilled expectations: that persons will behave according to the appropriate rules governing organizations and relations, that roles will be properly played, that responsibilities will be met.

    Trust, then, commonly involves mutuality of expectations, and often reciprocity in services. Among friends, reciprocity of expectations may be very general, any given claim on a trusted relationship requiring no precisely counterbalancing claim but only the assurance that, should need arise, an appropriate request would be honored. Trust...

  5. Trustees and Foundation Management
    (pp. 37-152)
    Donald R. Young

    The evolution of the law, lore, and customary practices of trusteeship provides both a tangle of technical rules and a very considerable area of discretion for trustees, the custodians of assets destined for the benefit of others. The discretionary powers and privileges will inform this entire essay, along with debatable issues and dubious practices. The discussion that follows will range over a variety of subjects that relate to the proper, and improper conduct of philanthropic foundations. Attention will be given first to the characteristics and responsibilities of trustees in their custody and care of funds entrusted to their management and...

  6. Index
    (pp. 153-158)