DOC - The Leighty Foundation

The Leighty Foundation
Guidelines for Consideration for Board Membership
This process was developed by the Third Generation and ratified by the Board in June 1996;
revised by the Third Generation and the Board in June 1999 and July 2003, revised by the Board
in June 2005 with input of the advisors; title changed to Guidelines by the Board in June 2010;
revised by the Board in August, 2010.
Board membership is open to direct and adopted descendants of the Founder and their spouses
and life partners.
Threshold for consideration for Board Membership is age 24.
Upon successful completion of some of the following, the Board will consider the person eligible
for Board membership:
 Taking the lead on at least one grant request through the funding process from invitation to
grant evaluation.
 Completing each of the following during the above process or separately: a site visit,
invitation of a grant proposal, review of a grant proposal, presentation of a proposal to the
Board, personal contact with a grantee regarding grant acceptance, evaluation of the grant
 Preparation for and participation in at least one annual Board meeting.
 Attendance at least one conference on family philanthropy.
 Completion of readings selected by the Board and/or the potential Board member.
 Creation of a personal statement of philosophy regarding philanthropy.
All the above may be done in any order. There is no time limit for the completion of the above.
Keep a record of your experiences which will be of personal value and could assist you when
you decide to apply for Board membership.
A potential Board member is responsible for expressing interest in Board membership to a
current Board member and sending a completed Application for Board Membership to current
Board members.
The following options for involvement are open to family members:
 Individual Advisor or Advisor Family Unit Giving: $5000 per year (Board approval
 3rd G Corporate Giving: $5,000 maximum with at least two members of the Third Generation
working together (Board approval required).
 Suggest potential Board contributions.
 Propose grant requests to the Board.
With written request for and prior approval by the Board, advisors may be reimbursed for
expenses to attend educational conferences or meetings regarding philanthropy, attend TLF
Board meetings, or attend site visits.
August 2, 2010, revised May 22, 2014.
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Complete and electronically deliver this form to:,, and
Date: May 22, 2014
1. Write a statement of your personal philosophy of philanthropy.
2. Describe the experience and skills you would bring to the governance and oversight of The
Leighty Foundation as a Board member. (Use TLF Guidelines in answering this question, if you
3. What do you hope to gain from your experience as a board member?
4. List the opportunities and challenges you think TLF may go through in the next 5 years and
how you will participate in steering TLF to or through some of these.
August 2, 2010, revised May 22, 2014.
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For Reference, here is the Job description for a BOARD DIRECTOR.
Position Overview: The Board (currently made up of family members of Founder) is
commissioned to carry out the duties necessary for the governance and oversight of The
Leighty Foundation.
Determine, articulate, and support the mission of the Foundation
Elect the Board and officers; determine the Policies and By-laws of the Foundation;
amend the Articles of Incorporation, as necessary
Retain and evaluate the Executive Director
Assure that the Foundation functions within appropriate legal and fiscal constraints
Review investment policy and opportunities for the Foundation; annually evaluate the
Investment Managers
Attend Board meetings by conference call or in person
Build relationships and collaborate with other funders
Serve as ambassadors for information sharing in the field of philanthropy
Research funding opportunities in areas of interest of the Foundation
Initiate relationships with potential grantees
Conduct site visits
Participate in grantee follow up and evaluation
Serve as advocate for the cause of potential grantees
Engage in lifelong learning in areas of interest and expertise
Assist each other as requested
August 2, 2010, revised May 22, 2014.
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