Endowment Fund Board Charge

The EMGS Endowment fund was created to assure future growth by providing additional, stable, and long-term financial support for the Society’s programs. Usages of this financial support include, but are not limited to, Hollaender Outreach activities and programs. The Endowment Fund Committee manages the EF and is held accountable by the Finance Committee and the Executive Board in alignment with the EMGS mission and vision.

Board Contact

If you would like more information, you can reach out to us here: Endowment Fund Board Contact Form  

Board Membership

The EFB consists of 6 individuals: EFB Chair, Societies immediate Past president, and Past treasurer, three additional Board Members. The EFB will include three additional at large Board Members, who are not members of the Society’s Executive Board. One member of the EFB, excluding the Chair, will serve as the Scribe for a one-year term, with re-appointment being possible during the length of the individual’s Board Member status. The immediate Past President will serve a one-year term. The Past Treasurer will be selected from all past Treasurers by the Society President with approval of the Executive Board and Council. In the event that a past Treasurer is not available, the past Treasurer’s position will become another at large position. Each year the EMGS President shall nominate one or more individuals who have indicated a willingness to serve as EFB Members. Individuals may be reappointed as Board Members, but in no case shall they serve more than two consecutive terms. In the event of a vacancy on the Board, including vacancies occurring as a result of a former officer declining appointment to the Board, the current Society President shall nominate an individual to fill the unexpired term of office. All nominations by the Society’s President shall be subject to ratification by the Executive Board and Council. 

Board Roles and Responsibilities

• Develop, review, revise, and implement policies for fund-raising, oversee the investment of endowment funds in cooperation with the Finance Committee.
• Make recommendations to the Executive Board and Council regarding the use of funds to support the Society’s programs.
• Provide input to the Finance Committee for establishing an investment policy for the EF that is consistent with securing both long-term appreciation of the assets within the EF and safe-guarding the principal and total value of the assets.
• Regularly review the investment performance of the EF and, taking inflation into account, establish a percentage rate for disbursement of funds that will ensure that the funds continue in perpetuity.
• May authorize the creation of sub funds within the EF consistent with needs of the Society/donors/and the United States IRS.
• Annually provide the Finance Committee and Council with information on the funds available along with donor or other instructions for funds.
• Prepares a report on status of EF. This report is reviewed by the Finance Committee, presented to Council, in summary to the Society at the Annual Meeting, then published on the Society’s website.