The Foundation office will resume normal business hours on Monday, March 8th.

Governing Documents + Guidelines

Governing Documents

Governance Guidelines

Board positions are, ultimately, a pro bono commitment of service by community volunteers to the Genesee Foundation community members.

The Genesee Board of Directors should oversee, approve and implement the Genesee Foundation’s:

  1. Mission, Values, and Vision.

    • The Mission (or purpose) of a community organization is its long-term (10-20 years), essential reason for existing.

    • The Values are the important, lasting beliefs and ideals intended to guide community behavior, especially the behavior of its leaders.

    • The Vision is a clear, compelling description of what success looks like for the community in the medium-term future.

  2. Long-Range Plan.
    The Long-Range Plan contains the Board’s major initiatives for achieving its overarching goals for the foreseeable future.

  3. Execution of the Strategy.
    The Board should track how successful is is in achieving its overarching goals.

  4. Financial Plans.
    The Board should approve and monitor the community’s financial statements including the detailed budgets and the actual results compared to those budgets utilizing information in the Income Statement, Balance Sheet, cash flows, the reserve fund investment and the Foundation’s banking practices.

  5. Major Expense and Capital Expenditures.
    The Board should set the limits on operational and capital expenditures beyond which Board approval must be secured before expenditures are made by the staff.

  6. Legal Actions.
    The Board should review and approve in advance all significant actions which may have legal ramifications.

  7. Risk Policies.
    The board should review and approve all actions in advance that may involve significant risk to the assets of the community.

  8. Board Committees.
    The Board should create all standing and special committees and review and approve their written charters, members and progress.

X