Audit Committee

Group Type: 
Committee

Overarching Committee Mission:

The Audit Committee assists the board of directors in overseeing (a) the selection, retention and performance of Philanthropy New York’s independent auditors; (b) the quality and integrity of Philanthropy New York’s financial reporting; (c) its fiscal controls and tax and regulatory compliance; and (d) compliance with its code of conduct.

Committee Leadership

  • Chair: Jeanne Haws, Chief Operating Officer, Wellspring Advisors, LLC 

Priorities/Goals:

  • Select and retain auditors
  • Review the scope of the audit
  • Review the audit results
  • Review the 990 before filing
  • Annually review compliance with the Conflict of Interest and Whistleblower policies
  • Contribute to the Administrative and Finance policies of Philanthropy New York

Terms:

Members serve a two-year term, commencing in September each year

Key Responsibilities:

Attend three meetings a year in November, February and May. 

  • Read and review the audit plan
  • Read and review the audited financial statements
  • Read and review the 990

Membership:
Philanthropy New York is seeking committee members with a background in accounting, tax and regulatory compliance and operations to join the committee.