Purpose:
To oversee and grow the association’s endowment fund to support long-term financial stability.
Responsibilities:
- Monitor endowment performance.
- Recommend investment strategies.
- Develop fundraising initiatives.
- Ensure compliance with financial policies.
Membership:
- 3–5 members with financial or fundraising experience, including a chair.
- Term: 3 years.
- Board liaison: Treasurer
Meetings:
Semi-annual meetings or as needed.
Reporting:
Financial report to the Executive Board quarterly/annually.
Decision-Making:
Consensus or majority vote for major initiatives.
Deliverables:
Annual endowment performance report.