Although most foundations choose to not compensate board members for routine board service—creating or revising foundation policies, overseeing foundation operations, attending board meetings, and more—one size does not fit all. For some small foundations, culture and assumptions, or specific strategies and rationales, lead the board to compensate its members.
This publication reviews:
- The laws and rules that govern board compensation
- Ways to manage the inherent conflicts of interest
- Compensating board members for routine service
- Compensating board members as professional advisors
- Compensating board members providing staff services
- Reviewing your board compensation policies and packages
- Examples from the field
Help your board carry out a thoughtful discussion about board compensation, craft a policy that fits your foundation’s unique outlook and circumstances, and, if you decide to compensate, set a process for determining a reasonable compensation level.