Increased Board Diversity

Family foundation boards are becoming more racially and LGBTQ+ diverse, reflecting broader societal shifts.

Themes

The Power of Community and Connection , Values-Driven Consumption

Timeframe

near-term

Subcategories

Corporate Strategy Diversity Equity & Inclusion (DEI)

Impact areas

Foundation Governance Leadership Diversity Representation in Philanthropy

Detailed Analysis

Positive progress is being made in diversifying the leadership of family foundations. The report notes an increase in racial diversity on boards, with greater representation of Black/African American, Hispanic/Latino/Latina/Latinx, and multiracial or multiethnic members. Furthermore, "the number of boards that report at least one member who identifies as LGBTQ has also nearly doubled, to 19%." This increasing diversity is a crucial step towards ensuring that foundation leadership reflects the communities they serve and brings a wider range of perspectives to philanthropic decision-making.

Context Signals

Ongoing societal focus on diversity, equity, and inclusion Increased awareness of the importance of diverse perspectives in decision-making Efforts by philanthropy infrastructure organizations to promote board diversity

Edge

More diverse boards may lead to more equitable and inclusive grantmaking practices. Foundations may become more responsive to the needs of marginalized communities. This trend could inspire greater diversity across the nonprofit sector.

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