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Membership Eligibility

FFOG MEMBERSHIP ELIGIBILITY

Size of Organization Eligible for Membership

Membership in FFOG is open to the staff of organizations defined below if the organization has at least $200 million in investable assets.

Private Foundations

Financial and investment professionals of large private foundations are eligible for membership. FFOG members are typically employees of independent or family private foundations or private operating foundations that have investment funds allocated among multiple asset classes and engage external investment managers to manage those assets.

“Private foundations” are tax-exempt charitable entities that do not qualify as public charities under the federal tax code. Private foundations file a federal tax form 990-PF, while public charities file form 990.

Other Non-Profit Organizations

FFOG will also consider for membership financial and investment professionals of large public charities or social welfare organizations that are funded primarily by investment returns from an endowment which has investment funds allocated among multiple asset classes and engages external investment managers to manage those assets. Organizations with a high percentage of revenue from investment returns and a low percentage of income from contributions, grants or earned income will be considered for membership.

Public charities and social welfare organizations are 501(c)(3) or 501(c)(4) entities that file a federal tax form 990.

Private Foundations Served by Family Offices

Some private foundations are “staffed” by professionals employed by the family office of the donor or by a management company, rather than directly by the foundation. If the family office or management company provides services only to the donor and donor’s family and the affiliated private foundation, employees of the family office or management company are eligible to become FFOG members. If the family office or management company provides financial or investment services to any other entities, the staff is not eligible for FFOG membership.

Categories of Membership

FFOG has two categories of membership, Regular Members and Affiliate Members. Learn more about the membership categories below, or proceed to the membership application.

Questions?

If you would like to ask questions about eligibility for FFOG membership before completing an application, send an email to info@ffog.org.

Regular Members

To be a Regular Member, you must:

  1. be the most senior financial officer or investment officer of the private foundation, working directly with the CEO, board and/or investment committee of your foundation
  2. be a full-time staff member
  3. not be engaged in these activities as an independent contractor, consultant, agent, or external advisor.

Both the chief financial officer and the chief investment officer of the same foundation may be Regular Members if the roles are filled by more than one person.

For very large foundations, those with more than $1 billion in assets, senior members of the investment or financial staffs (those who have the experience and skills to move into a CIO or CFO position) are also eligible to be Regular Members. 

Regular Members enjoy all of the benefits of FFOG membership, including an invitation to attend the semi-annual FFOG meetings.

Regular Members can sponsor Affiliate Members from their foundation.

Proceed to Membership Application

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Affiliate Members

Affiliate Members can only be added once a foundation has a Regular member. They are typically the finance and investment professional staff members who report to Regular Members.

To be an Affiliate Member, you must:

  1. be sponsored by a Regular Member from your foundation,
  2. be an employee of the foundation,
  3. be involved with investments, treasury, accounting, tax, human resources, technology or administrative functions at that foundation, and
  4. not be engaged in these activities as an independent contractor, consultant, agent, or advisor.

An Affiliate Member may attend the semi-annual FFOG meetings if a foundation's Regular Member is unable to attend. Affiliate Members have full access to the FFOG website.

Proceed to Membership Application

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Financial Commitments of Membership

Annual dues are collected to cover the costs of maintaining the website, distributing survey results, and other administrative costs.

Regular Member dues are $1,550 per year. Affiliate Member dues are $425 per year.

Registration fees for the semi-annual meetings are set at a level to cover the meal and facility costs associated with those meetings. Members cover their own transportation and hotel costs to attend meetings.

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Other Commitments of Membership

Participate in Surveys  The usefulness of the periodic surveys conducted by FFOG depends on full member participation. The surveys are designed and conducted, and the results are compiled by members who volunteer a great deal of their time. Participation in the three major surveys - investments, admin costs and compensation - is an expected part of FFOG membership.

Maintain Confidentiality  To maintain FFOG as a "safe" forum where members feel free to share expertise and experiences, members are expected to keep all FFOG information and communications confidential. While FFOG members can use generic information from FFOG surveys, discussions, meetings, etc. within their own foundations, FFOG members never distribute FFOG material to non-members or betray the confidence of their fellow members. All members are expected to sign a confidentiality agreement and renew this commitment annually.

Volunteer Time  FFOG is a volunteer-driven organization which relies heavily upon the willingness of its members to serve as directors, officers and committee members.

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