Committee Structure

Audit Committee
The Audit Committee shall be elected by the Board of Directors
to oversee the Corporation’s audit process, including
communicating with auditors and staff, review of the audit and
management letter process, and recommend to the Board
potential audit firms.

 

 

Committee on Directors
The Committee on Directors shall be elected by the Board of
Directors to screen, recruit, and recommend potential Board
members; recommend to the Board a slate of officers for election;
evaluate the performance of Directors and officers; and be
responsible for orientation and deployment of new Board members.

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Compensation Committee
UMW Foundation Board Chairman, Vice Chairman, Secretary, President of the
University of Mary Washington, and the Chairman of the Operations and Finance Committee.
 

 

Investment Committee   
The Investment Committee shall be elected by the Board of Directors to
manage investments, make asset allocation decisions, make direct
investments, select investment managers, review the investment portfolio
performance, and provide periodic reports to the Board on investment
operations and results.

 

 

Operations and Finance Committee 
The Operations and Finance Committee shall be elected by the Board of Directors to advise on matters such as general fiscal policy and management, budgetary and
financial issues, and personnel issues. This committee oversees the Hospitality Subcommittee, which is charged with oversight of the Hyatt Place Fredericksburg at Mary Washington.

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