Oversees the annual independent audit of CFTB to include approving the scope of the audit to be performed, monitoring and reviewing audit conclusions, and reporting those conclusions to the Finance Committee.
Responsible for building and nurturing lasting relationships between donors and CFTB and ensuring that there is a comprehensive new donor development and donor stewardship program.
Responsible for building and nurturing programs for engaging a broad Professional Advisors Network of leading professional advisors in the community who will promote CFTB and encourage and recommend gifts to CFTB through individual and public contacts.
Has the powers and authority of the Board of Trustees to act on urgent matters when there is not sufficient time to hold a special Board meeting. Any action should be subsequently ratified by the Board at the next regularly scheduled meeting.
Supervises the preparation of the budget for CFTB, sets the annual endowments distribution policy, and reviews for Board approval other financial policy proposals that may come to the Committee’s attention.
Responsible for the identification, cultivation, recruitment, nomination and orientation of new Trustees, the continuing education and evaluation of current Trustees, and the administration, legal aspects, and structure of the organization. The Committee also oversees the annual evaluation of the CEO as prescribed by the CEO Evaluation Policy and maintains and implements, if necessary, the CEO Succession Plan.
Reviews, researchs, and considers requests for distribution of Foundation funds, following guidelines set by the Board of Trustees.
Oversees and sets policies for investing the funds and endowments of CFTB, evaluates with the investment consultant the investment results of the various investment managers on a quarterly basis, and authorizes the engagement of investment managers.
Serves as an advisory group to the Board and to the Marketing/Communications staff on the marketing and public relations programs of CFTB.