Our Board of Trustees is elected by our member institutions at their annual meeting. The board is responsible for overseeing all aspects of the business and operations, the compensation of our senior officers, and oversight of our business and prospects, including subsidiaries and proprietary assets.
The Common Fund for Nonprofit Organizations and its consolidated subsidiaries including Commonfund Asset Management and Commonfund Capital, Inc. (collectively, “Commonfund”) provides investment management products and related services exclusively to nonprofit organizations, their related entities, pension funds, family offices, and other select long-term investors. Since its inception in 1971, Commonfund has grown into an organization that is one of the largest managers of endowment and nonprofit assets in the world.
The Board is comprised of four different committees that give oversight into different areas of operation.
The Executive Committee is empowered to act for the Board between meetings of the full Board regarding general supervision of The Common Fund for Nonprofit Organizations (TCF) and appoints the membership of the Governance Committee.
The Audit and Risk Management Committee is responsible for supervising the preparation of the financial statements of TCF and of its investment funds, reviewing the statements, and recommending them to the Board of Trustees. It’s also responsible for reviewing the independent risk oversight function of the Commonfund organization.
The Compensation Committee is responsible for reviewing the President’s performance and establishing his/her compensation on an annual basis. The Committee is in charge of receiving and discussing the President’s evaluation with the senior executive team and approving the compensation arrangements of the other administrative officers and senior executives, as well as the fairness and equanimity of employee compensation.
The Governance Committee oversees nominating candidates for the other committees and the Board of Trustees. They evaluate the effectiveness of the Board and assist with resolving any conflicts of interest with the Compensation Committee.