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Affiliated foundations can be key assets for trade groups

When Scott Melville became CEO of the Consumer Healthcare Products Association (CHPA) in 2010, he inherited a relatively inactive foundation. He questioned whether its mission was consistent with that of the association.The CHPA Educational Foundation, as it was then known, reported $670,000 in revenue in 2010, compared to $23 million for CHPA itself.“It seems like there are a lot of trade associations, and we had one as well, where you have somewhat dormant foundations, or foundations where it’s unclear why you have one or how aligned they are,” he told CEO Update.“I asked the question, What are we trying to accomplish with our foundation?” Melville said. “And is the… Read More