The important work of the SEG Foundation is carried out through the leadership of five standing committees, providing business guidance and ensuring our financial well-being.
The primary function of the Audit Committee is to assist the Foundation Board in fulfilling its oversight responsibilities by: Reviewing audited financial reports, appropriate US tax forms, and other financial information of the Foundation; Reviewing and assessing compliance with the Foundation’s policies and procedures; Reviewing the independence and performance of the Foundation’s independent auditors; and Providing an open avenue of communication among the independent auditors, SEG staff, and the Foundation Board. The Chair and members of the Audit Committee shall be appointed by the Foundation Board Chair.
The primary focus of the Development Committee is to assist the Foundation Board in guiding and overseeing the Foundation’s fundraising activities by: Overseeing development and implementation of the Foundation’s fundraising plan; Reviewing and developing fundraising policies and procedures; and Overseeing, evaluating, and participating in ongoing fundraising and stewardship activities. Members of the Development Committee need not be members of the Foundation Board. The Chair and members of the Development Committee shall be appointed by the Foundation Board Chair.
- Development Committee is divided into six sub-committees with focused areas of fundraising:
- Campaign Strategy & Planning
- Annual Giving
- Corporate Giving
- Major Gifts
- Planned Giving
- Special Events
The Executive Committee shall have the responsibility for acting on behalf of the Foundation Board, serves as liaison with Foundation assigned staff, handles urgent issues, conducts periodic reviews of Foundation directors, oversees donor/volunteer special awards, and reviews all complaints/concerns received by or in regard to the Foundation. The Committee shall serve as the Gift Acceptance Committee for the Foundation. The Chair, Vice-chair, and Treasurer shall constitute all of the members of the Executive Committee.
The Finance/Investment Committee is responsible for overseeing the management of Foundation assets assuring compliance with the requirements and practices of UPMIFA and the Foundation’s Investment Policy Statement. The Committee is also responsible for providing a regular and ongoing review of the Foundation’s financial status, including progress toward fundraising goals. The Treasurer of the Foundation Board shall serve as the Chair of the Finance/Investment Committee unless otherwise designated by the Foundation Board Chair. Members of the Finance/Investment Committee shall be appointed by the Foundation Board Chair.
The Nominating Committee is responsible for ongoing reviews and recommendations to enhance the quality and future viability of the Foundation Board. It focuses on the following five areas, with specific duties dependent on the Foundation Board’s needs at any specific time, as well as evolving practice: Board roles and responsibilities, Board compensation, Board knowledge, Board effectiveness, and Board leadership. The Chair and members of the Nominating Committee shall be appointed by the Foundation Board Chair.
SEG Executive Director
SEG Foundation Managing Director
All SEG Foundation Board of Director members are unpaid volunteers and do not receive any compensation from the SEG Foundation or SEG.
The SEG Foundation does not have a paid CEO. The Chair and Vice Chair of the Board of Directors fulfill many of the duties traditionally performed by a CEO. Neither position receives any compensation for these services.