Common use of Finance Committee Clause in Contracts

Finance Committee. The Finance Committee shall be responsible for reviewing and recommending the Foundation’s budgets and reviewing the forecasts; advising and assisting the Foundation Board with investment management policy and activities as specified in the Investment Operations Manual; providing oversight of the Foundation’s expenditure of donated funds; and reporting its findings and conclusions to the Foundation Board. The Committee shall also provide to the Foundation Board such comments and recommendations as it deems appropriate concerning the financial condition of the Foundation. The Committee shall be appointed annually by the Foundation Board and consist of the Treasurer, the Vice President Development, Vice President Programs and three additional members of the Foundation Board of Directors. The Treasurer shall chair the Committee and report regularly to the Foundation Board on Committee activities.

Finance Committee. The Finance Committee shall be responsible for reviewing and recommending the Foundation’s budgets and reviewing the forecasts; advising and assisting the Foundation Board with investment management policy and activities as specified in the Investment Operations Manual; providing oversight of the Foundation’s expenditure of donated funds; and reporting its findings and conclusions to the Foundation Board. The Committee shall also provide to the Foundation Board such comments and recommendations as it deems appropriate concerning the financial condition of the Foundation. The Committee shall be appointed annually by the Foundation Board and consist of the Treasurer, the Vice President Development, Vice President Programs Grants and three additional members of the Foundation Board of Directors. The Treasurer shall chair the Committee and report regularly to the Foundation Board on Committee activities.