Great board meetings are achievable. Following a few legal requirements plus tried-and-true strategies can create an environment and a process for efficient, enjoyable foundation board meetings. Legal requirements For incorporated foundations, different states have different legal requirements for: Notice—States regulate how much notice needs to be given of meetings, and in what format. Typically this... Read More
By following a few simple steps to create an orientation that is both effective and engaging, you can give your new trustees the tools they need. Here’s how. See also the publication Bringing on the Board: Practical Steps for Orienting Foundation Board Members >> Set your goals If you define your goals before designing the... Read More
Whistleblower or antifraud policy regulations now apply to foundations and nonprofits by virtue of the Sarbanes–Oxley Act of 2002. Although the act does not specifically require nonprofits (including private foundations) to develop a written internal policy or procedure, board members and employees must be sure to follow the new law. The new law states there... Read More
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
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
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