How Are We Structured?
Q:How do we organize for success?
A:Keeping it simple. Our process includes:
- Three foundation board meeting per year;
- Our Investment Advisor as an integral member of all board meetings;
- Devoting one third of the board meeting agenda to reviewing existing portfolio performance and discussion of potential SMSIs;
- Quarterly portfolio reviews with our investment advisor;
- A personal commitment of Foundation Directors, Investment Advisor, and Philanthropic Advisor to identify, investigate and share potential SMSI investments on an on-going basis; and
- Maintaining a small board and core team to allow us to make quick decisions
Q:What are the roles and responsibilities of our team?
A:We are a couple managing our small family foundation without any full-time staff assistance. We believe in a virtual team approach and rely on a combination of our active involvement and our partners input to help us to achieve our foundations goals.
Foundation Directors are responsible for:- Articulating and advocating the mission and programs of the foundation;
- Researching the market place for SMSI opportunities with an emphasis on Program Related Investments; and
- Evaluating SMSI investments from a mission and program perspective.
- Providing overall philanthropic guidance
- Researching the market place for SMSI opportunities with an emphasis on Program Related Investments; and
- Evaluating SMSI investments from a mission and program perspective.
- Researching the market place for SMSI opportunities with an emphasis on Mission Related Investments, Social Component and Sustainability Investments;
- Evaluating SMSI investments from a financial perspective; and
- Ensuring that proposed investments fit into the current asset allocation strategy.