Strategic Alignment Underway
The Foundation and Federation Boards met on November 1 to discuss a pathway to strategically align both organizations. A working group will explore organizational structure and governance, and a Memorandum of Understanding (MOU) is being crafted to align both entities under the direction of a single leader to whom professional staff will report. Provisions to assure the preservation of unrestricted endowments, special purpose funds, and to honor donative intent will also be a pillar of the MOU document. The Federation and Foundation Boards will vote on the MOU on December 6. If approved, a search firm will be engaged to find the ideal leader.