Board selection, training, roles, and responsibilities

A Steadying Hand: The Critical Role of Non-family Board Members

Posted on October 16, 2015 by Susan Packard Orr

This special Passages Issue Brief written by NCFP Distinguished Fellow Susan Packard Orr describes the various skills, expertise, and perspectives that non-family board members can provide, as well as some of the common challenges for families seeking to add their first non-family board members, and tips for how to set clear expectations for this role… Read More

Trustee Position Description sample

Posted on August 20, 2015 by Anonymous

_______ FoundationPosition Description Position Title: TRUSTEE Reports to: Fellow Trustees Date: June 2008 Function:The mission of the _____ Foundation, a family foundation, is to improve the quality of life through grants to charitable organizations. Trustees are responsible for the governance of the Foundation and report to the Directors. Trustees are organized into grant groups and committees.  Responsibilities:1. Defining and overseeing… Read More

R. Howard Dobbs, Jr. Foundation Trustee Responsibilities

Posted on August 20, 2015 by Jr. Foundation, The R. Howard Dobbs Jr. Foundation

R. Howard Dobbs, Jr. Foundation Trustee Responsibilities ARTICLE THREE Board of Trustees 3.1 Authority and Responsibility of the Board of Trustees. (a) The supreme authority of the Foundation and the government and management of the affairs of the Foundation shall be vested in the Board of Trustees; and all the powers, duties, and functions of the Foundation conferred by the… Read More

Code of ethics (anonymous sample)

Posted on August 20, 2015 by Anonymous

________ Foundation Policies and Procedures Code of Ethics Background In June 2008, the Trustees of the ________ Foundation agreed to be guided by the Council on Foundations’ Stewardship Principles for Family Foundations. These principles, which were closely reviewed one-by-one by the Executive Committee, spelled out best practices in governance, ethics and accountability, and family legacy. One of the best practices… Read More

Investment Committee Job Description (Lipscomb Family Foundation)

Posted on August 10, 2015 by Anonymous

The Investment Committee is responsible for the oversight of the Foundation assets. The Committee is comprised of three members selected from the Board. The Committee is responsible for defining the investment objectives and policies for the Foundation’s assets, subject to the overall guidelines set forth in this Policy. It is expected that the objectives and policies described in the investment… Read More

Conflict of Interest Policy Template

Posted on August 7, 2015 by National Center for Family Philanthropy

This Policy is to protect the interests of The ______ Foundation by: (i) preventing the personal interest of Members, Directors, Officers, Employees or Independent Contractors from interfering with the performance of their duties to the Foundation and (ii) avoiding any inappropriate personal financial, professional or political gain on the part of such persons at the expense of the Foundation. … Read More

Statement of Director Expectations

Posted on August 7, 2015

As members of the Board of Directors of The ____________ Foundation, we recognize and confirm our fiduciary obligations to the Foundation. We have ultimate authority and responsibility for the Foundation’s strategies, policies, procedures and operations. As part of this responsibility, we have established expectations for the members of the Board. In keeping with our fiduciary duty, we commit ourselves to… Read More

The Rockefeller Brothers Fund: Executive Committee Charter policy

Posted on August 7, 2015

Bylaws, Article VIII, Section (a) states:There shall be an executive committee of the Board consisting of the chair and up to seven but no less than six other trustees elected by the vote of a majority of the entire Board at the annual meeting each year. The chair of the executive committee shall be the chair of the Board. A… Read More

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