Dharma Civilization Foundation has a provision for up to 21 members in its Board of Trustees, as per its by-laws. Currently, the following are the members of the Board of Trustees.
Duties and Responsibilities of the Board of Trustees
The Board of Trustees manage the non-profit Corporation’s property and business affairs, consistent with its stated vision and mission either directly or by Executive Committee, in keeping with the powers and authority of the Board of Governors. The Bylaws of DCF, allow for up to 21 Board of Trustees at any time.
In addition to the duties and powers conferred by law, the Board of Trustees shall have the following powers and duties:
The Board of Trustees shall be responsible for developing the strategies and plans to fulfill the vision and mission of the Corporation.
The Board of Trustees shall prepare the annual budget for the Corporation, either directly or by committee and present it for adoption by both the Board of Trustees and the Board of Governors.
The Board of Trustees shall create strategies and plans for the advancement of the Corporation, either independently or in partnership with the Board of Governors through a joint Committee, and actively participate in funds development for fulfilling the Corporation’s charitable purpose.
The Board of Trustees shall have and maintain custody of the funds and assets of the Corporation.
Subject to the consent of the Board of Governors, as required for amounts in excess of $ 250,000 and funds available at their disposal for disbursement, the Board of Trustees shall have the power to enter into arrangements and contracts with those Educational and other Institutions, as well as individuals and groups which they deem will further the vision and mission of the corporation, and disburse such funds to them.
The Board of Trustees shall be responsible for developing and implementing an investment policy for the assets of the Corporation, selecting appropriate investment advisors and managers, monitoring such investments, making such changes as it deems appropriate and in the best interests of the Corporation, and to otherwise exercise the investment authority of the Corporation.
The Board of Trustees shall have the power to borrow money and incur indebtedness on behalf of the Corporation, and cause to be executed and delivered for the Corporation’s purposes, in the corporate name, promissory notes, bonds, debentures, deeds of trust, mortgages, pledges, hypothecations, and other evidences of debt and securities.
In the event there is no Board of Governors, then the Board of Trustees shall have the powers and duties reserved to the Board of Governors until such time as the Board of Governors is formed and its officers are elected and serving.
