Oh Wise Listers-

Quick board scenario for your review.

A long standing museum has a board of 25.  Less than half of those members are active financial contributors, only 3 of which give $5,000 or less annually.  There is no suggested or required board contributions.  The board understands that growing the endowment is ideal for financial security.  The board proposes a solution to the internal lack of contributions - create a sub-organization with its own board that financially contributes to the museum, it's buildings, and other programs run by the main board.  

Question: Does anyone have any experience with this type of solution?

Thank you!
Jessica

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