The Philanthropy Committee is a standing committee established at the discretion of the board until the board dissolves it.

 

• The Committee shall consist of at least 2 member individuals, with an assigned board member as Chair, liaison, and/or member. 

• The Committee is responsible for investigating alternative ways our surplus funds can be used to fulfill our mission to Keep Art Alive.

• The Committee shall provide the Board with detailed recommendations that identify recipients, such as schools and/or established programs with reasons for their selection.   

• The Committee shall also investigate the viability of the establishment of a yearly scholarship program for high school seniors intending to major in a Visual Fine Arts subject, how to sustain it yearly, as well as criterium for selecting the recipient. 

• The Committee Chair is appointed by the President after soliciting recommendations from the Board. 

• The Chair of the Committee is responsible for regular communications with the assigned board liaison (if the liaison does not participate in the Committee meetings regularly).

• The Committee will provide content, in specific format, as noted in the Communication procedures, to the Communication Committee for their use.

• The Chair of the Committee shall prepare and present a written update of activities, events, funds, and other responsibilities or requests at each MRAG board meeting. If the Chair is unable to present the committee report to the board, the Chair is required to designate a substitute to attend the board meeting in their place. Should the Chair be unable to find a replacement, the board liaison will present the Committee report.

• The Chair of the Committee shall review and approve all receipts and disbursements for the areas of Committee responsibility using the forms provided.

• The Chair of the Committee shall review monthly the financial reports provided by the Treasurer for MRAG as a whole and for the respective areas of Committee responsibility. Any comments should be directed to the Treasurer.

• The Chair of the Committee shall review the monthly Statement of Budget Compared to Actual each month to identify any Budget overages related to expenditures specifically before they occur. Any anticipated overages should be brought to the attention of the Board for discussion and resolution. 

• The Chair of the Committee, working in collaboration with the Board Liaison shall, at the end of the year, prepare a Budget for the areas of Committee responsibility.