Running a foundation, in principle, shouldn’t be that much different from being at the top of, say, a large corporation, but the truth is, there’s a delicate line that you constantly have to be toeing. Because foundations are philanthropic institutions, there are certain expectations about your goals, your operations, and who benefits from the resources you’re expending. Dick Vollet is the President and CEO of the St. Paul’s Hospital Foundation in Vancouver, Canada. Douglas Nelson interviews Dick about how the foundation operates vis-à-vis other similar foundations. From assembling a board to what people expect of philanthropy, Dick and Douglas cover the basics of running a foundation.