Standards and Effective Practices for Community Foundations
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Home > National Standards for U.S. Community Foundations > Standard II. Part G.04

A community foundation's governing body serves without compensation (exclusive of the chief executive officer).
Mission, Structure and Governance - Standard II. Part G.04
The StandardMethodologiesExamplesCurrent Practice AssessmentKey Design ElementsMonitoring & EvaluationOther Resources

The Standard

A community foundation's governing body serves without compensation (exclusive of the chief executive officer).

Underlying Rationale

Draft rationale: Although legal, board compensation, regardless of how minimal, reduces the amount of money available for other philanthropic uses and can result in negative perceptions by the public about the board’s stewardship of charitable funds.

Potential Outcomes

Public trust and confidence in the board’s stewardship is strengthened.


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Please note that these materials were collected prior to the passage of the Pension Protection Act of 2006 so do not necessarily reflect the recent changes in the law. As always, these documents should only be used as a reference in developing your own documents with advice from legal counsel where appropriate. For more information on the Pension Protection Act of 2006, see www.cof.org/hr4.
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