Governance

At the Ackerman Foundation, transparency and accountability are at the core of everything we do. As a private foundation, headquartered in New York State, we uphold a strong governance structure to ensure the effective and responsible pursuit of our philanthropic mission. Key facets of our governance:

1. Legal Structure: The Ackerman Foundation operates as a non-profit organization incorporated under the laws of New York State. We adhere to the statutes outlined in the New York Nonprofit Corporation Law (N-PCL), which provides the foundational framework for our activities and operations.
2. Board of Directors: Our Board of Directors stands as the guiding force behind our foundation. Comprising individuals with diverse expertise and backgrounds, our board members steer the strategic direction of the Ackerman Foundation, award grants, and ensure alignment with regulatory standards.
3. Governance Policies: The Ackerman Foundation has established robust governance policies to uphold high standards of integrity and accountability. These policies cover areas such as conflict of interest mitigation, investment strategies, grantmaking protocols, and ethical conduct. Adherence to these policies reflects our commitment to transparency and to earning the trust of our stakeholders.
4. Compliance and Reporting: As a tax-exempt entity, we are dedicated to meeting our regulatory obligations. Annually, we submit detailed financial and operational information through filings, such as Form 990-PF to the IRS. Additionally, we comply with reporting requirements stipulated by the New York State Attorney General’s Charities Bureau.

At the Ackerman Foundation, governance is not merely a set of rules but a pledge to excellence and accountability in our operations. Through our governance framework, we endeavor to be diligent stewards of resources and effect positive change in the communities we serve.