AAUW Board Position Description

Board Finance Vice Chair

AAUW’s mission is to advance gender equity for women and girls through research, education, and advocacy. For more information, please visit www.aauw.org.

Position Summary

The finance vice chair serves as the treasurer of AAUW, chair of the Finance Committee, and chair of the
Investment Committee. There is no financial compensation for service as finance vice chair, but
reasonable expenses associated with service in this position are reimbursable in accordance with
AAUW’s Travel and Meals Policy.

Responsibilities

  • Manage, with the Finance Committee, the board’s review and action related to the board’s
    financial responsibilities
  • Manage, with the Investment Committee, the board’s review and action related to the board’s
    oversight of AAUW’s long-term funds and investment advisors
  • Work with the CEO, CFO and as appropriate other senior leadership to ensure that appropriate
    financial reports are made available to the board on a regular and timely basis
  • Monitor and keep the board informed of the flow of AAUW funds and financial health of the
    organization
  • Participate actively with the CEO and CFO, and as appropriate the board chair, in the
    development of the AAUW budget and AAUW Action Fund budget annually and presentation of
    the budgets to the appropriate board for approval
  • Serve as custodian of the title deeds, business papers, and the bonds and other securities
    belonging to the AAUW, with the approval of the board of directors
  • With approval of the board of directors, make special arrangements with a recognized financial
    institution(s) regarding investments in securities and their safekeeping
  • Oversee the organization’s annual 990 filing
  • Provide financial advice to states and branches on request and assist with state and branch 990
    questions and issues
  • Perform the duties of board chair in cases in which the board chair and vice chair are unable to serve
  • Treat AAUW as a top philanthropic priority by making an annual stretch financial gift based on individual capacity
  • Help ensure 100% board member participation in meeting philanthropic goals by actively encouraging annual contributions commensurate with board members’ individual capacity
  • Identify, qualify, cultivate, solicit and steward AAUW donors, and promote a culture of philanthropy to fellow board members
  • Assist in such matters as may be delegated by the board chair or the board of directors

Qualifications

  • Prior service as financial officer of a nonprofit or for-profit organization
  • Understanding of the necessity for ensuring the integrity of financial controls and reporting
  • Understanding of financial accounting and best practices for nonprofit organizations
  • Competence in understanding financial markets and their application to nonprofit organizations
  • Knowledge of the financial regulatory environment
  • Ability to understand and explain detailed financial statements
  • Experience with organizational strategic planning
  • Ability to organize/adjust time commitment to AAUW as needed to meet organizational need

Information on board responsibilities, expectations of board members, and how and when to apply to
the board can be found at https://www.aauw.org/resource/national-state-and-branch-leadershippositions/.

AAUW acknowledges and honors the fundamental value and dignity of all individuals and seeks a
diverse membership, workforce, leadership team and board of directors. AAUW affirms there shall be
no barriers to full participation in this organization on the basis of gender, race & ethnicity, age,
nationality, religion, disability, sexual orientation, sexual identity, geographical location, and socioeconomic status.

Updated March 2019


Related

AAUW Bylaws

Governance history, policies, and procedures for managing the organization and conducting AAUW’s affairs.

National, State, and Branch Leadership Positions

Understand the responsibilities of all AAUW board members and volunteer leaders.

AAUW Board of Directors

Directory of leaders responsible for the governance of our 501(c)(3) nonprofit corporation.