2015 New York Community Trust Annual Report

Page 30

MEET OUR BOARD

The People Who Make It Work Job description: Make New York better for everyone

S

ome of the most crucial jobs don’t pay salaries. Serving on the board of The New York Community Trust, for example. Twelve dedicated New Yorkers—selected for their judgment, integrity, and understanding of philanthropic needs—serve as the Distribution Committee of The Trust and as the Board of Directors of Community Funds. They provide an invaluable service to New Yorkers. Six members are nominated by civic authorities representing the public: one by the Mayor of New York City; one by the Chief Judge of the U.S. Court of Appeals for the Second Circuit; one by the Chairman of the Partnership of New York City; one by the Chairman of Lincoln Center for the Performing Arts; one by the President of the Association

of the Bar of the City of New York; and one by the President of the New York Academy of Medicine. The Distribution Committee selects five members, and the President of The Trust is a member by reason of office. The Committee meets five times a year. The Finance and Audit subcommittees monitor The Trust’s financial operations. The Investment subcommittee oversees our assets, establishes asset allocation guidelines, recommends investment advisors and vehicles, and monitors investment performance. The Fund Purposes and Suggestion Review subcommittees assure we honor the intent of each donor’s philanthropy; they review grants suggested by donors to ensure they meet our charitable guidelines. n

Photo by David L. Marcus/The Trust

BOAT BUILDING: Board member Jason Wright (left) chats with Akeem Steer, a participant at Rocking the Boat. With funding and advice from The Trust, this group teaches engineering, woodworking, and environmental science in the South Bronx while teens build boats, restore the Bronx River, and learn to row and sail.

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2015 New York Community Trust Annual Report by The New York Community Trust - Issuu