A significant gift was made to our foundation with the broad criteria of healthcare access and community outreach/benefit. It is a combination endowment/outright gift. We want the foundation board to have oversight of the fund, help define what can come under healthcare access umbrella at the organization and approve what projects/initiatives the money can be used for on an annual basis. Does anyone have a policy document they are willing to share that outlines the parameters of a board designated fund, criteria, etc. and the rules for how the board arrives at a decision?
Terry W. Younglove
Director of Operations and Communications
Northwest Community Hospital Foundation 3040 West Salt Creek Lane, Arlington Heights, IL 60005