Explore EWU Foundation Board policies, charters, bylaws and other guidelines.<\/p>\n","protected":false},"author":411,"featured_media":822,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"page-modules.php","meta":{"footnotes":""},"class_list":["post-892","page","type-page","status-publish","has-post-thumbnail","hentry"],"acf":{"blocks":[{"acf_fc_layout":"hero","hero_size":"hero-sm","background_pattern":"","background_type":"","background":{"ID":822,"id":822,"title":"ThenAndNow","filename":"ThenAndNow.jpg","filesize":176667,"url":"https:\/\/test-www.ewu.edu\/give\/wp-content\/uploads\/sites\/18\/2020\/02\/ThenAndNow.jpg","link":"https:\/\/test-www.ewu.edu\/give\/news\/albert-al-watson\/thenandnow\/","alt":"Aerial shot of campus, half black and white original and half new.","author":"423","description":"","caption":"","name":"thenandnow","status":"inherit","uploaded_to":217,"date":"2020-02-28 18:42:32","modified":"2020-02-28 18:42:44","menu_order":0,"mime_type":"image\/jpeg","type":"image","subtype":"jpeg","icon":"https:\/\/test-www.ewu.edu\/give\/wp-includes\/images\/media\/default.png","width":1024,"height":563,"sizes":{"thumbnail":"https:\/\/test-www.ewu.edu\/give\/wp-content\/uploads\/sites\/18\/2020\/02\/ThenAndNow-150x150.jpg","thumbnail-width":150,"thumbnail-height":150,"medium":"https:\/\/test-www.ewu.edu\/give\/wp-content\/uploads\/sites\/18\/2020\/02\/ThenAndNow-300x165.jpg","medium-width":300,"medium-height":165,"medium_large":"https:\/\/test-www.ewu.edu\/give\/wp-content\/uploads\/sites\/18\/2020\/02\/ThenAndNow-768x422.jpg","medium_large-width":768,"medium_large-height":422,"large":"https:\/\/test-www.ewu.edu\/give\/wp-content\/uploads\/sites\/18\/2020\/02\/ThenAndNow.jpg","large-width":1024,"large-height":563,"1536x1536":"https:\/\/test-www.ewu.edu\/give\/wp-content\/uploads\/sites\/18\/2020\/02\/ThenAndNow.jpg","1536x1536-width":1024,"1536x1536-height":563,"2048x2048":"https:\/\/test-www.ewu.edu\/give\/wp-content\/uploads\/sites\/18\/2020\/02\/ThenAndNow.jpg","2048x2048-width":1024,"2048x2048-height":563,"gform-image-choice-sm":"https:\/\/test-www.ewu.edu\/give\/wp-content\/uploads\/sites\/18\/2020\/02\/ThenAndNow.jpg","gform-image-choice-sm-width":300,"gform-image-choice-sm-height":165,"gform-image-choice-md":"https:\/\/test-www.ewu.edu\/give\/wp-content\/uploads\/sites\/18\/2020\/02\/ThenAndNow.jpg","gform-image-choice-md-width":400,"gform-image-choice-md-height":220,"gform-image-choice-lg":"https:\/\/test-www.ewu.edu\/give\/wp-content\/uploads\/sites\/18\/2020\/02\/ThenAndNow.jpg","gform-image-choice-lg-width":600,"gform-image-choice-lg-height":330}},"background_vertical_alignment":"center","mobile_image":false,"background_video":false,"preview_image":false,"text_alignment":"center","text_style":"allcaps","readability_aid":"overlay","intro_title":"","title":"Foundation","bold_title":"Board","content":"","include_cta":false,"button_text":"","button_link":"","button_style":"","give_heading_text":"","give_heading_tag":"h2","give_intro_text":"","give_fund_explorer_url":"\/give\/funds","give_fund_slug":"","give_campaign_code":"","give_default_amount":"","give_button_text":"Continue","give_read_more_link":null,"component_options_toggle":false,"component_options":{"disable_component":false,"nickname":"","identifier":"","navigable":false}},{"acf_fc_layout":"section-nav","menu_id":"11","component_options_toggle":false,"component_options":{"disable_component":false,"nickname":"","identifier":"","navigable":false}},{"acf_fc_layout":"text","module_background_color":"off-white","copy":"
Approved April, 2023<\/p>\n
These Amended and Restated Bylaws shall be effective on the 15th day of June 2021. Approved and adopted by the Governing Board of Directors of the Eastern Washington University Foundation on June 15, 2021.<\/p>\n<\/div>\n
Adopted<\/strong><\/p>\n Amended and Restated<\/strong><\/p>\n Adopted April 12, 2016<\/em><\/p>\n The purpose of the Executive Committee of the Board of Directors of Eastern Washington University Foundation shall exercise all the powers of the full Board of Directors, subject to the direction and control of the full Board of Directors.<\/p>\n Download Executive\u00a0Committee Charter<\/a><\/strong><\/p>\n"},{"label":"Finance and Audit Committee Charter","copy":" Approved June 9, 2020<\/em><\/p>\n The purpose of the Finance and Audit Committee is to assist the EWU Foundation Board of Directors in fulfilling its fiscal oversight responsibilities.<\/p>\n Download Finance and Audit Committee Charter<\/a><\/strong><\/p>\n"},{"label":"Governance & Nominating Committee Charter","copy":" Approved June 16, 2015<\/em><\/p>\n The purpose of the Governance and Nominating Committee of the Board of Directors of Eastern Washington University Foundation is to provide the Board with the director resources that permit the Board to exercise its responsibilities for foundation governance at the highest level of excellence.<\/p>\n Download Governance and Nominating Committee Charter<\/a><\/strong><\/p>\n"},{"label":"Investment Committee Charter","copy":" Rev. May 24, 2011<\/em><\/p>\n The Investment Committee has overall responsibility for the operation and administration of the Portfolio.<\/p>\n Download Investment Committee Charter<\/a><\/strong><\/p>\n"},{"label":"Eagle Grants Committee Charter","copy":" Rev. Nov. 19, 2020<\/em><\/p>\n The Eagle Grants Committee Charter<\/em>\u00a0Committee has overall responsibility for the management and disbursement of grant funds allocated to support the efforts of faculty and staff and provide opportunities for development and research.<\/p>\n Download Eagle Grants Committee Charter<\/strong><\/a><\/p>\n"}],"component_options_toggle":true,"component_options":{"disable_component":false,"nickname":"Committee Charters","identifier":"committee-charters","navigable":false}},{"acf_fc_layout":"accordion-with-notes","module_background_color":"white","accordion_position":"left","title":"Fees Policy","notes":" Last reviewed and approved by the EWU Foundation Board of Directors on June 13, 2023.<\/p>\n Download Fees Policy PDF<\/a><\/p>\n","include_spacing":true,"expanded":false,"sections":[{"label":"Purpose","copy":" In accordance with the standards of care and prudence within the Uniform Prudent Management of Institutional Funds Act (UPMIFA), this document outlines the endowment distribution and service fees related to the EWU Foundation (\u201cFoundation\u201d) Endowment Pool and service fees for other noted Foundation accounts. This policy supersedes any prior adopted policies.<\/p>\n The EWU Foundation operating budget comes from four (4) sources:<\/p>\n The EWU Foundation strives to utilize a prudent fee structure to fund the cost of operations and provide support to the University. Similar to peer practice, administrative fees are used to fund the tasks associated with pursuing, managing and investing the various types of funds held by the Foundation. These fees provide essential support necessary to EWU Foundation\u2019s overall operation. The fee structure and rates are reviewed annually by the EWU Foundation Finance Committee and approved by the EWU Foundation Executive Committee.<\/p>\n"},{"label":"Endowed Funds Distribution & Assessment","copy":" The distribution rate will be reviewed by the EWU Foundation Finance Committee and approved by the EWU Foundation Executive Committee annually in the fall of each year, balancing the two opposing claims – the need for current students, and the obligation to preserve and grow the endowment for future students.<\/p>\n The distribution rate will be calculated monthly as a percentage of the fair market value using a three year rolling average of the unit value. This will be determined December 31, allowing financial aid and departments time to plan the use of the funds that will be available the following July 1. EWU Foundation practice does not allow for distribution from endowed accounts that are \u201cunderwater\u201d.<\/p>\n Earnings available for expenditure will be transferred into a holding account and, if not allocated immediately, will be invested with the Foundation\u2019s short-term investments. If not allocated by the end of the year, the remaining distribution will be added to respective account\u2019s principal, unless the endowment agreement specifies otherwise.<\/p>\n Distribution from new endowment funds may begin only after the fund has reached the minimum amount required and has been invested for a full twelve months prior to the first distribution assessment in December.<\/p>\n A service fee is assessed to the Foundation endowment. The fee amount will be reviewed by the EWU Foundation Finance Committee and approved by the EWU Foundation Executive Committee annually in the fall of each year and will be assessed quarterly. This calculation will be based on the 36 month rolling average of the endowment\u2019s market value. For the December calculation the fee assessment will happen after earnings identified for distribution have been removed but not yet allocated.\n
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Endowment Distributions & Fees Policy<\/h3>\n
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