Stewardship Principles for Family Foundations
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Our governing board exercises active fiscal oversight.
Governance - Principle IV.

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The Principle

Our governing board exercises active fiscal oversight.

Underlying Rationale

Foundation governing boards are required by law to pay strict attention to their foundation’s finances. It is also critical to monitor expenses and investments, and it is just as critical to track the effectiveness of grants—even if they meet all legal requirements—to ensure that the foundation’s money is well spent. Exercise active fiscal oversight.