Board committees and advisory committees are common structures that boards establish to better manage the foundation. Board committees comprise board members and can make certain decisions on behalf of the full board. Advisory committees often include non-board members, although at least one board member should be involved too. Advisory committees exist to provide recommendations; they... Read More
A records retention policy is a simple written document—one or two pages—that summarizes your procedures for storing, organizing, purging, archiving, and protecting foundation documents and fulfilling public reporting requirements. A records retention policy typically includes the following information: What documents you store and how long you store them Where you store different types of documents:... Read More
Basic requirements for board composition generally are reflected in a foundation’s bylaws or trust document. You’ll also want to consider the qualities you want in individuals who serve on your board. It is helpful to describe the expectations of board members in a position description. Bylaws or trust document requirements Every state has basic requirements... Read More
At its core, CEO evaluation involves two basic steps: defining the CEO’s job responsibilities and checking back at a later point to determine if the responsibilities were met. Keep in mind: Although formal evaluation is an important component of a good working relationship, it is not a substitute for ongoing communication. CEOs need feedback year... Read More
Board policies work in tandem with the foundation’s bylaws or trust document to create the foundation’s structure. Bylaws or the trust document are legally binding and based in state law; policies also are considered binding, but they are less likely to be backed by force of law and are easier to amend (e.g., usually by... Read More
Regular performance evaluations—at least once a year—can help staff improve their work. The board evaluates the foundation’s lead staff person (i.e., executive director, foundation administrator, CEO). In turn, the lead staff person evaluates other staff members and consultants (as applicable). In some cases, staff members evaluate themselves and then compare their assessments with their supervisor.... Read More