The Foundation is governed by the Foundation Board, which consists of senior executives of Bank Julius Baer and external experts. The Board designs the Foundation's strategic focus and policies. In quarterly meetings, the Board selects the projects to be supported and defines fund allocation and duration of project support. The Foundation's Management heads the operations of the Foundation. [...] Along with the evolution of the Foundation's philanthropic strategy, its governance is evolving too: With external expertise, the Foundation is introducing quantitative data analysis to make project outcomes more measurable for evidence-based decision making. Consequently, the Foundation increases its focus on publishing our findings and success cases more visibly to other stakeholders and the public. The Foundation also improves its digital communication with project partners, implementing AidImpact as a central co-working platform for centralised and efficient collaboration.