Every board seat comes with a responsibility to the people who gave.
We help boards and investment committees establish clear fiduciary processes, responsibilities, and oversight, so the assets entrusted to them are monitored, reported on, and documented with care.
Choose the question closest to yours. We'll show you where it's answered.
A community hospital foundation manages an endowment built by decades of local generosity. Victor chairs its investment committee, whose members include a surgeon, a banker, and a retired teacher. Follow their oversight in six chapters.
An illustrative organization. Names, figures, and details are hypothetical and do not represent an actual client. This page is general information, not legal advice.
The foundation's endowment had grown steadily, but its oversight had grown informally. We helped establish a clear fiduciary process: what the board approves, what the investment committee oversees, and what we monitor and report on their behalf.
Victor's committee brings deep experience from medicine, banking, and education, but few members had overseen an endowment before. We help them understand and carry out their fiduciary responsibilities: acting in the foundation's interest, following its investment policy, and keeping costs reasonable.
After a strong year for stocks, the portfolio had drifted above the stock limit in the foundation's own investment policy. Our monitoring flagged it, we recommended rebalancing, and the committee approved it at its next meeting.
See the difference
Every report shows performance against benchmarks, risk against policy limits, and fees against comparable options. That's how the committee noticed that one bond manager's fees were well above what similar managers charge.
The high-fee bond manager turned out to be a firm where one trustee is a partner. We helped the committee handle it by the book: the relationship was disclosed, the trustee stepped out of related decisions, and the mandate was put out for competitive bids. The manager selected charged less.
Every recommendation, discussion, and decision is recorded in the same way, from the rebalance to the manager search. If an auditor, a donor, or a future board ever asks how a decision was made, the foundation can show them.
Fiduciary responsibility stays with the people your organization has entrusted. Our role is to give them the monitoring, reporting, and records they need to carry it out well.
Bring your investment policy and your most recent committee report. We'll walk through how they line up.
