Page 523 - 2026 Chapter Directory

the same year. If the financial records are not made available
to the Audit Committee within 30 days of the dates above, the
Audit Committee shall notify the Board of Directors and request
assistance.

Board of Directors may request an internal review at any time
deemed necessary.

B. The Bylaws Committee shall propose needed changes in the
bylaws, consider changes recommended by foundation
members, and formulate the same for circulation and action. The
parliamentarian shall serve as its chairman.
C. The Fundraising Committee shall raise funds through
programs, solicitations, and other means, so as to fund the
foundation’s scholarships, gifts, and expenses while, at the same
time, establishing a permanent endowment.
D. The Investments Committee shall maximize the return of
such of the foundation’s assets as are available for investment
while ensuring safety of principal. The Investments Committee
shall work with the Funds Allocation Committee to determine
what amounts available for investment may be committed short-
term, intermediate-term, and long-term.
E. The Funds Allocation/Financial Planning Committee shall
prepare a proposed itemized budget for the foundation each
year, which budget shall cover a one-year period or such shorter
period, as the board may direct. The foundation budget will be
submitted at the meeting in November and voted upon at the
January meeting. Members must be notified by U.S .mail or
electronic in advance of the meeting. This committee shall also
prepare a cash flow analysis to determine what portion of the
foundation’s assets shall be available for investment and work
with the Investments Committee to determine over what period
of time amounts may be invested.
F. The Guidelines Committee shall establish and maintain
guidelines for raising funds, making gifts, and awarding
scholarships.

Ivy Educational & Charitable Foundation Page 37
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