Even small foundation boards can benefit from developing an investment committee with just a few members, so it is clear who is leading the charge. Investment committees are also helpful in providing a clear mandate to outside managers and consultants.
Read more about investment committees, including tips on selecting members and holding meetings. You may even suggest that your investment committee create an investment dashboard like the one shared at the end of the linked article to keep the full board up to speed on your investment allocations and performance.