Board Policies

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Board policies work in tandem with the foundation’s bylaws or trust document to create the foundation’s structure. Some foundations operate with many board policies; others, with only a few. The number and type of policies that your board creates and follows depends on the size and scope of your foundation and what you need to operate effectively.

A board may choose to set a policy on anything that requires one, and there are several standard policies that many foundations adopt.

Full article includes sample policies.

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