Three key considerations for community foundation board members
As a community foundation board member, what keeps you up at night? Are you worried about your foundation’s level of spending each year? Or perhaps you feel that your foundation is taking on unnecessary risks in its efforts to support the overall mission? Or maybe you’re concerned about whether you have adequate in-house resources to help you fulfill your fiduciary responsibilities? Ensuring you are up to date on best practices for fulfilling your duties is crucial.
In this short article, we provide some guidance on three issues that are key to your success:
- Board engagement
- Managing spending
- Risk management