The Barbara Bush Foundation for Family Literacy is a 501(c)3 public charity which means that the majority of our funds come from donations from the public. Thus, we are committed to accountability, efficiency and transparency, and pledge to be good stewards of the funds entrusted in us by our generous donors. We are one of only 112 nonprofits in education receiving the platinum rating by GuideStar for our transparency and focus on results.
While the full board is ultimately responsible for the fiduciary health of the organization, there are 3 committees which dive deep into our finances:
The Audit committee – meets to review our 990 and audit. It works hard to tell our story through finances.
The Finance committee – meets quarterly to review our projections, recommends action to keep us grounded in our core financial beliefs such as paying for performance, and limiting overhead costs, and in a nutshell, helps us to think strategically on leveraging our limited funds for the greatest possible returns in programs and policy.
The Investment committee – meets quarterly to ensure that we are following our conservative Investment Policy Statement. The committee makes recommendations on our investment percentages, reviews managers, and makes quarterly recommendations to the full board.
A few things as an investor or partner you may wish to know about us:
We have an Investment Fund of which we take 4% annually to cover fundraising expenses. Thus your donation goes directly to support programs, with a required percentage for administrative overhead for costs like an audit and our banking fees.
We believe in transparency and do not accept anonymous donations.
We do not share donors’ contact information.
We appreciate your time, and will do our best to communicate with you in the style you prefer.