IFTF’s Grants Administration Committee manages the IFTF grantable fund. This fund is provided by the organization to support independent projects which forward IFTF’s mission.
The amount of the grantable fund will be determined on an annual basis by the IFTF Board of Directors.
The Committee shall be granted all powers granted to the Board of Directors relevant to these operations except:
The Committee shall be restricted to only those activities that are consistent with IFTF’s tax exempt status.
The Committee shall:
The IFTF Board of Directors may add or remove tasks from time to time.
The Committee shall consist of at least three members. The Board of Directors shall always have at least two representatives on the committee. The Committee shall ensure adequate membership to carry out the tasks specified in the section titled “Responsibilities”.
The initial membership of the Committee shall be appointed by the Board of Directors. Members shall serve for 1 year terms. There shall be no limit to the number of terms any member may serve.
One person shall be appointed the Grants Administration Committee Chair and will coordinate the activities of the other members. The Chair will be responsible for reporting activities to the Board of Directors.
Members of the Committee shall be nominated by the Committee. New members shall be elected by a majority vote of the Committee. Any member can be removed by a majority vote of the Committee. At any time, a member can be added, removed, or replaced by the Board of Directors. In the event of the death, resignation, or removal of a member, the Committee shall elect a new member.
The committee must meet at least once per year. Meetings may be held through any mutually agreed-upon channel. The Committee shall provide a report of all recent operations at least once every three months.
The Committee shall serve until dissolved by the Board of Directors.