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Abstract: 

Board members control family foundations and are charged with responsibility under federal and state law for the effective operation of those foundations. Anyone joining a nonprofit board—whether a family foundation or public charity—should be concerned about personal liability. One of the best ways to manage liability is to use a checklist. The three checklists presented here provide guidance for new board members (to be reviewed before they agree to join the family foundation board), existing board members (to review their annual participation in foundation activities), and for the board as a whole (to review the foundation manager’s operations compliance).

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