Wisdom & Money is in the process of welcoming new members to our Board of Directors.  We have created the following description to help those considering this role to understand the particular and rather unique way our Board functions.


Wisdom & Money’s Board of Directors and staff work together in a circle to create an organization that embodies its vision and values while staying compliant with the laws that govern Charitable Corporations in the state of California.  Together, we engage the questions, concerns, realities that are part of administering a non-profit organization while practicing Wisdom & Money’s Core Practices.  We offer our time and gifts so that Wisdom & Money can thrive and accomplish its mission. At times, we welcome visitors and potential board members into our meetings.

Wisdom & Money uses specific practices to support the emergence of collective wisdom and to look for consensus.  These practices include the following:


  • Wisdom Practices, such as chanting, contemplative prayer, and Lectio Divina.
  • The Be Present Empowerment Model™
  • Full participation of the staff in conversations
  • Money Practices, such as financial transparency, Living In Gift, making money decisions in community
  • Creativity and Sacred Play


We practice internally what we offer to others, to gain the consistency and sight that comes from practice; in other words, we walk our talk.  Serving on the Wisdom & Money board provides an opportunity to work at the cutting edge of issues of economic transformation in a critical historical moment with a group of people who are committed to doing the work in a way that completely parallels the organization’s vision.    It also provides an opportunity to develop transformative skills that will be helpful to us wherever we work.


All Wisdom & Money staff and volunteers are expected to embody Wisdom & Money’s Core Competencies.  In addition, directors are expected to:

  • Read Board Materials before the Board meetings. A Board Packet will be emailed and placed in the Board Dropbox 5-7 days before the Board meeting.
  • Attend and participate fully in Board Meetings. The Board of Directors meets for two weekend retreats per year and holds two full board conference calls or video conferences. At times, the board adds additional meeting/s, as deemed necessary. Expenses related to Board Meetings, including travel, are paid for by Wisdom & Money.
  • Raise questions
  • Serve on at least one committee of the Board. Most of these meetings will be held by conference call or video conference.
  • Avoid conflicts of interest when making decisions affecting the organization.
  • Stay true to the organization’s mission and to applicable laws when making decisions for the organization.
  • Participate in Wisdom & Money’s practice of Living In Gift, by offering financial and/or in-kind gifts according to his or her discernment.
  • Participate in Wisdom & Money’s fundraising activities
  • Represent Wisdom & Money and its mission publicly, sharing information about Wisdom & Money with his or her personal, professional, and community connections.

Board Responsibilities (this is what the Board of Directors as a whole does)

  1. Determine mission of the organization
  2. Select the Co-Director(s)
  3. Support and evaluate the Co-Director(s)
  4. Ensure effective planning
  5. Monitor and strengthen programs and services
  6. Monitor and strengthen organizational systems.
  7. Monitor and strengthen the organization’s fundraising
  8. Protect assets and provide financial oversight
  9. Build a competent board
  10. Ensure legal and ethical integrity
  11. Enhance the organization’s public standing

Types of Board Members

Directors are elected as either a Class I or Class II Director.  Class I Directors serve for one year and are eligible for re-election with no term limit on the amount of terms served.  Class II Directors serve for a three-year term and can be re-elected to serve for another three years. After that a Class II Director can be elected as a Class I Director or can be re-elected as a Class II Director after one year or more off the board.


Officers are elected annually at the first board retreat of the year and serve one-year terms.

Chair of the Board. The Chair of the Board is responsible for the management, development and the effective performance of the Board of Directors and provides leadership to the Board for all aspects of the Board’s work. The Chair works in partnership with the Co-Directors to create an agenda for Board Meeting; oversee the effective functioning of board committees; support the orientation and onboarding of board members and set goals and objectives for the Board of Directors. The Chair of the Board shall preside at all meetings of the Board of Directors.


President. The President shall be the principal executive officer of the Corporation and, subject to the control of the Board of Directors, shall in general supervise and control all of the business and affairs of the Corporation and shall see that all orders and resolutions of the Board of Directors are carried out. The President shall have authority to sign, execute and acknowledge, on behalf of the Corporation, all deeds, contracts, leases, reports and all other documents or instruments necessary or properly executed in the course of the Corporation’s regular business, or executed under authority of a resolution of the Board of Directors. In general, the President shall perform all duties incident to the office of President and such other duties the Board of Directors may prescribe.


Secretary. The Secretary operates as the custodian of the organization’s records.  Specifically, the secretary shall: (a) Ensure that Board meeting minutes are taken, approved by the Co-Directors and submitted to the Board; (b) Sign final approved minutes and upload them to the official digital file; (c) Sign official legal documents as needed; (d) Keep board digital files in order (board actions, changes to governance); (e) in general, perform all duties and exercise such authority as from time to time may be delegated or assigned to the Secretary by the President or by the Board of Directors.


Treasurer:  The Treasurer has responsibility for oversight of the organization’s finances.   Specifically, the treasurer oversees management of the organization’s accounts, budget preparation, timely filing of taxes, fundraising intention setting and plans, and financial reporting.  The Treasurer reports on the financial condition of the Corporation as may be required by law or by the Board of Directors; ensures that appropriate review of the organization’s finances occurs; and in general performs all of the duties incident to the office of Treasurer and has such other duties and exercises such other authority as from time to time may be delegated or assigned to the Treasurer by the President or by the Board of Directors.  The Treasurer works with the Co-Directors, accountant and other staff in the performance of these duties.

The Board Chair and President must be members of the Board of Directors.

Board Committees

Committees can include people who are not members of the Board of Directors.

The Board Leadership Committee facilitates the convening and work of the Board of Directors Circle. 

  1. Hold, monitor and discern big picture work of staff and board
  2. Ensure that tasks are properly assigned to committees, and that committees have what they need to do their work
  3. Coordinate planning of board meetings and prepare agendas
  4. Ensure that information is shared between staff, Board Chair this committee and Board

The Co-Directors and Board chair will always serve on this committee. Other staff or board members are invited for specific meetings as needed.

The Organizational Culture Committee ensures that policies related to the people in the organization align with its vision and values.

Consult with Co-Directors around Human Resources, including

  • Implementation and updating of human resources policies and procedures
  • New staff hires
  • Orientation and onboarding of new staff

Support of Co-Directors

  • Annual reflection for Co-Directors
  • Ongoing leadership development of co-directors

Ongoing development of the Board of Directors

  • Serve as Nominating Committee for Board officers and new Board members.
  • Orientation and onboarding of new board members
  • Ongoing leadership development

Co-Director 1 is always a member of this committee.

The Alliance Committee ensures that participation in organizational partnerships and personal/unofficial alliances of Staff and Board are rooted in W&M’s mission, vision and practices. We are committed to bringing alignment between our attitudes and behaviors particularly around class, race and gender, and to our commitment to wellbeing for all as we engage with money as a doorway to spiritual transformation.

  • Oversees Wisdom & Money’s participation in organizational partnerships and collaborations.
  • Co-discernment with Staff and Board about their personal participation with aligned organizations that are not in official partnership with W&M.

The Living In Gift Committee ensures that money flows through Wisdom & Money in alignment with our vision, mission and values.

  • Assists the Treasurer in all aspects of her/his responsibilities, including:
    • Preparing budgets for Board approval;
    • Reviewing financial reports for presentation to the Board;
    • Overseeing the audit process
  • Prayerfully holds the fundraising intentions of the organization
  • Oversees fundraising efforts.
    • Ensures there is a development plan
    • Stays updated on activities/income

Co-Director 2 and the Treasurer are always members of this committee.

The Communications Committee ensures that Wisdom & Money’s communications tools effectively provide support, encouragement and inspiration for the ongoing journey with money and bring public visibility to our work, inviting new people to join us.  This is a staff committee to which board members are invited.   The Committee’s role is to:

    1. Develop short and long-term vision for our communications
    2. Ensure communications activities are coordinated and serve clear goals
    3. Clarify appropriate strategies for meeting our goals
    4. Provide support to each other in completion of communications tasks
    5. Evaluate the effectiveness of various communications

The Program Committee ensures that Wisdom & Money’s programs effectively serve our mission of supporting people of wealth and people from the culture of wealth in engaging with money as a doorway to spiritual transformation.  This is a staff committee to which board members are invited.   The Committee’s role is to:

  • Develop short and long-term visions for Wisdom & Money programs
  • Support the development of new programs
  • Strengthen the integration of practices into our various programs
  • Evaluate the effectiveness of our programs
  • Provide support to each other in completion of program tasks



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