The following fact sheet explains the role and the responsibilities of a fiduciary within a community foundation. This will give examples of who takes on the role of fiduciary in your organization and what some of the challenges they will face could be. It also shares a code of conduct for fiduciaries to follow.
Evaluation is an important tool that your foundation can use to demonstrate its accountability, improve its performance, increase its abilities for obtaining funds or future planning, and fulfill the organizational objectives.
Why succession planning? What would happen to your community foundation if your ED/CEO is unable to be at work for 3 months? What would happen to your community foundation if your ED/CEO left with minimum notice? What would happen to your community foundation if your ED/CEO, who had led your organization for many years, decides…
A fund agreement is an important part of the work within a community foundation. As an agreement between the donor and the community foundation it ensures that: The charitable gift is used to further the mission and charitable objects of the foundation and includes appropriate consideration of donor interests and objectives. There is clarification of…
Why is this checklist so critical? One of the key roles of the board of a community foundation relates to their fiduciary responsibility, which is the duty to exercise reasonable care when he or she makes a decision as a steward of the organization. One of their roles as stewards is to reduce risks and…
Board recruitment for a community Foundation is a fundamental process that must be undertaken to ensure that the vision and mission are adhered to, that the assets of the Foundation are protected and used appropriately, and that the reputation of the Foundation is upheld.
The board, through the Secretary’s position, often carries out the task of managing Board operations. However, once a community foundation has employees, these tasks often become staff tasks or tasks shared with the Secretary.
Committees – you can love ‘em or leave ‘em, especially if they are not serving any useful purpose and wasting people’s time. Committees are often viewed as inefficient and unproductive but are still one of the main tools for making decisions in most organizations.
Risk comes from not knowing what you`re doing. Risk is like fire: if controlled, it will help you; if uncontrolled, it will rise up and destroy you.
What is decent work? Decent Work is a term coined by the International Labour Organization (ILO) to describe what good work looks like - fair, stable, and productive. The term inspires both movement building around good work and actions across various levels - organizational, network and policy - to make decent work a reality. Decent…