The overarching obligation of the Board is to ensure that the Foundation’s resources and capacities are deployed in ways that benefit and achieve the mission of the Foundation, and to ensure that all decisions made are for the overall good of the Foundation and are consistent with its mission and values. As the highest leadership body of the Foundation and to satisfy its fiduciary duties, the Board is responsible for:
- Determining the mission, values, and purposes of the organization
- Supporting strategic and organizational planning
- Ensuring strong fiduciary oversight and financial management
- Enhancing the Foundation’s public image by serving as ambassadors for the organization’s work
- Selecting and evaluating the performance of the CEO
- Assessing its own performance as the governing body of Missouri Foundation for Health
Candidates/Nominations for the 2020 Board recruitment cycle will be accepted until November 20, 2020.
View the specifications link above to learn how to apply.
Serving on the Board requires a significant time commitment. There are usually six to seven Board meetings each year, typically lasting three to four hours each. Additionally, all directors serve on one or more of the standing Board committees, many of which meet regularly. Learning and social opportunities, including an annual two-day retreat, are offered throughout the year. It is expected that a typical director will devote approximately eight hours per month to Board-related activities, depending on committee assignments.
Regular attendance at all Board and committee meetings is expected. Although Board and committee meetings are typically held at the Foundation’s headquarters office in St. Louis, virtual attendance is also allowed.
Qualifications, Experience, and Personal Characteristics
It is the intention of the organization to build a strong pipeline of candidates for Board succession purposes over the next several years, and it is a goal that the Board represents the gender, racial, cultural, geographic, and ethnic diversity of the MFH region.
Only individuals who are at least 18 years of age and a resident within the MFH service area are eligible, and no director shall be a compensated officer, agent, or employee of any federal or state governmental authority whatsoever, excepting those of state institutions of higher education.
2020 Board recruitment cycle:
This year, the Board will fill six open seats. Currently, two incumbents are eligible to reapply. The Board will hold its election in December, and new directors will attend their first meeting in January of 2021.
Candidates must possess:
- Demonstrated core leadership attributes;
- A recognized reputation for integrity and competence;
- Ability to understand and appreciate the roles and responsibilities of a philanthropic foundation;
- Interest, concern, and commitment to accomplishing the Foundation’s overall mission, purposes, and goals;
- An adherence to the Foundation’s core values;
- Commitment to devote the time necessary to fulfill Board responsibilities and regularly attend meetings; and
- At least one of the following:
- Diversity – Candidates who would help the board more fully represent the diversity of the MFH region. As such, we encourage people of color, individuals within the LGBTQ+ community, differently abled individuals to apply. Likewise, we encourage individuals residing in rural areas of Missouri to express interest.
- Corporate leadership – Leadership experience in a for-profit or nonprofit environment.
- Institutional investment – Expertise derived from experience working with or governing endowments, retirement plans, foundations, public funds, trust companies or other institutional investment arenas.
- Health insurance industry – Knowledge of and experience in the health insurance industry, with a familiarity of the massive changes prompted by regulations, financing models and other factors that impact the industry.
- Criminal justice – An understanding of the criminal justice system and how the current system can impact the overall health of communities.
- Lived experience – First-hand knowledge of how inequities and health disparities can limit the ability for individuals and communities to thrive.
Although previous board experience is not a requirement, it is important that Board members appreciate the difference between the operational responsibilities of management and the governance role of the board.
Compensation and Terms:
Directors serve for terms of three years and can reapply for a second three-year term. The terms of five board members expire each year.
Although Directors serve without pay, they will be reimbursed for reasonable travel expenses associated with attendance at MFH meetings and events. Additionally, the Foundation will cover registration fees and reasonable travel expenses to attend one professional conference per year that is related to the mission and work of MFH.