Board and Committees

The Executive Committee coordinates the activities of the foundation board of directors and its committees and exercises powers as delegated by the board. This committee has the authority to act on behalf of the board between board meetings.

The committee duties include:

• Reviewing and evaluating the performance of the board and board committees.
• Establishing and creating charges for task forces and ad hoc committees.
• Monitoring compliance of the Memorandum of Understanding between the foundation and the university.

The Audit Committee oversee the corporation's audit process, including communicating with the auditors and the corporation's staff; review of the audit and management letter process; and recommending potential audit firms.

The Engagement and Philanthropy Committee promotes, supports, and enhances philanthropy on behalf of Ball State University and its donors.

The committee duties include:

• Assisting with the cultivation, education, and stewardship of donors.
• Serving as role models by actively participating in philanthropy activities.
• Educating the board on best practices in engagement and fundraising.

The Finance and Investment Committee advises the foundation board on general fiscal policy, fiscal management, and oversees the management of the foundation's assets.

The committee duties include:

• Approving the foundation's fiscal year operating budget.
• Financial planning, financial reporting, and creating and monitoring internal control and accountability policies.
• Ensuring compliance and developing policies that protect the organization and manage its exposure to risk.
• Developing, reviewing, and recommending changes to the foundation's Investment Policy Statement (IPS).
• Selecting, monitoring, and reviewing the performance of Outsourced Chief Investment Officer (OCIO).

The Governance Committee provides for the foundation board's effectiveness and continuing development.

The committee duties include:

• Providing leadership to the board in assessing its effectiveness.
• Screening, recruiting, and recommending potential directors for board membership.
• Identifying continuing education activities.