Does your grantmaking organization have a succession plan in place?
If you’re struggling with succession—or haven’t dealt with this tricky topic on your board—you’re not alone. In our most recent member survey, we learned that 27% of members have completed their plans, 29% are working on one now, and 39% plan to complete theirs in the future.
I probably don’t need to tell you that a sound succession plan approved by your board is very important. Things happen, and simply having a plan in place can make everyone’s life much easier if something were to happen to you or another board member.
When it comes to succession planning, I find that our member organizations usually fall into one of six groups. Where are you, and what will you do about it?
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