Board Liaison for Foundations

Governance guides for community foundations

Written for the board of a foundation that stewards a permanent endowment for its community. General information, not legal or investment advice — confirm specifics against your governing documents and counsel.

• 5 min read

  Endowment oversight and spending policy

  How a community foundation board oversees its endowment: the prudence standard under UPMIFA, setting a spending policy, handling underwater funds, the investment policy statement, and documenting it all.

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• 4 min read

  What a community foundation board is responsible for

  What a community foundation board is responsible for: stewarding a permanent endowment, investment and spending oversight, grantmaking, donor-advised funds and variance power, and the fiduciary duties unique to a foundation.

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