1. [NAME OF ORGANIZATION]
Finance & Investment Committee Charter
AUTHORITY
The board of directors has established by resolution a Finance & Investment Committee with
oversight responsibilities as described in this Charter or as additionally requested by the board.
The Charter should be reviewed periodically by the Finance & Investment Committee and
revised, as necessary, in response to the foundation’s needs.
REPORTING AND COMMUNICATIONS
The Finance & Investment Committee chairman shall report the committee activities to the
board on a regular and timely basis. The committee shall have prompt and unrestricted access
to management and all relevant information.
COMPOSTIONAND TERMS OF APPOINTMENT
The Finance & Investment Committee shall consist of not fewer than three directors. The term
of appointment shall be at the discretion of the board of directors and arranged to maintain
continuity and fresh perspective.
MEETINGS
The Finance & Investment Committee shall meet at last once each quarter and additionally as
circumstances require. The agenda and attendees for each meeting shall be determined by the
Finance & Investment Committee chairman.
RESPONSIBILITIES
The Finance & Investment Committee shall be responsible for reviewing and recommending
matters to the full board. These matters shall include:
1. Overseeing organizational financial planning, including reviewing and approving the annual
workplan, operating budget and capital project budgets.
2. Monitoring that adequate funds are available for the plan by reviewing quarterly financial
statements and reports.
3. Investigating and taking proactive measures, if necessary, regarding emerging problematic
financial issues that may come to the committee’s attention.
4. Overseeing financial record keeping.
5. Ensuring that the board receives accurate and complete information.
6. Helping the board to understand financial statements and the general financial situation of
the foundation.
7. Reviewing an investment policy statement (separate document).
8. Performing any other oversight function as requested by the board.
In addition, the committee shall have the authority to carry out the responsibilities assigned to it
in the investment policy statement as amended from time to time.