Overview
The by-laws of the University of Georgia Foundation establish the Board of Trustees and the Executive, Investment, Finance, Nominating and Trusteeship, Development, Student Scholarship and University Initiatives, and Audit and Corporate Governance Committees for the purpose of governing the Foundation.
Executive Committee
The by-laws of the University of Georgia Foundation establish the Board of Trustees and the Executive, Investment, Finance, Nominating and Trusteeship, Development, Student Scholarship and University Initiatives, and Audit and Corporate Governance Committees for the purpose of governing the Foundation.
Investment Committee
The Investment Committee shall constitute a standing committee of the Board and shall meet from time to time to review the investments of the Foundation and make recommendations to the Board of Trustees on all matters pertaining to the investment of the Foundation’s assets. This includes, but is not limited to:
- The selection of financial advisors and investment managers.
- The structure of the Foundation’s investment portfolio.
- Financial institutions and investment vehicles with whom to deposit Foundation funds or with whom the Foundation shall make investments.
Finance Committee
The Finance Committee shall constitute a standing committee of the Board and shall meet from time to time to:
- Review the budget, financial affairs, and financial condition of the Foundation,
- Make recommendations to the Board of Trustees regarding the budget of the Foundation and programs for the acceptance of gifts, the collection of revenue, and the expenditure of resources, and
- Recommend annually to the Board the compensation of any employees of the Foundation, provided that such compensation recommendations shall be presented to the Executive Committee prior to presentation to the Board.
The Treasurer shall serve as the chair and an ex officio, voting member of the Committee.
Nominating and Trusteeship
The Nominating and Governance Committee shall constitute a standing committee of the Board and shall meet from time to time to:
- Recommend to the Board, after consultation with the Chair, candidates for service as Officers, Trustees, and Advisory Trustees,
- Monitor, evaluate, and manage the performance of the Trustees and the Advisory Trustees,
- Monitor all matters involving corporate governance,
- Oversee compliance with ethical standards,
- Make recommendations to the Board for action in governance matters.
No more than one member of the Committee may be an employee of the Board of Regents (other than the Executive Director, who shall serve as a non-voting member of the Committee.)
Development
The Development and Public Affairs Committee shall constitute a standing committee of the Board and shall meet from time to time to provide advice to the Board on the fundraising and communications activities of the Foundation in support of the University’s institutional priorities. The Development and Public Affairs Committee also participates in the identification and cultivation of private fundraising prospects as well as in enlisting volunteers and other support as needed for external initiatives and shall advise and make recommendations to the Board on these activities.
Student Scholarship and University Initiatives
Student Scholarship and University Initiatives policy coming.
Audit and Corporate Governance Committee
The Audit Committee shall meet from time to time to select an accountant or firm of accountants to audit the financial operations of the Foundation and review the audit of the Foundation. A majority of the Committee shall consist of elected Trustees who are not also members of the Finance and Compensation Committee. Notwithstanding anything in the Bylaws to the contrary, employees of the Foundation or the Board of Regents shall not be eligible to serve on the Committee, and no member of the Finance and Compensation Committee shall serve as its chair.