Monday, May 16, 2011

glossary: Trustee

Trustee: A member of an organization’s governing board. (http://www.npgoodpractice.org/)

"The term 'trustee' originally refers to the person who has the fiduciary duty for a charitable trust or a foundation. By tradition, the higher education institutions also tend to refer to their board members as trustees. (http://www.boardsource.org/)

"Trustees are the same as members, directors, regents, or governors, but the term trustee implies more of a custodial function that is appropriate for social-benefit, as opposed to investor-benefit, organizations… [T]he term “trustee”…connotes positive action, as well as action that’s 'in trust' for a higher purpose." (http://nd.alliance1.org/)

"A foundation board member or officer who helps make decisions about how grant monies are spent. Depending on whether the foundation has paid staff, trustees may take a more or less active role in running its affairs." (http://www.foundationcenter.org/)

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