Thank you for agreeing to serve as an advisory board member for a project of Tides. We are pleased to introduce you to Tides fiscal sponsorship for hundreds of nonprofit projects nationwide and to help you understand the unique role you play in advancing your project's mission.
To understand the importance of the roles of each governing body at Tides, it is important to have familiarity with the term "fiduciary". The duties of a fiduciary include both loyalty and reasonable care of the assets within custody.
All of the fiduciary's actions are performed for the advantage of the beneficiary. In a nonprofit, the "community" served is the beneficiary of all donated charitable dollars. In the Tides model, Tides Board of Directors and project Advisory Board (AB) members both hold fiduciary responsibility. The Tides board is responsible for compliance with all governmental, financial, and employment laws and regulations. The project advisory boards are caretakers of the project mission and are responsible for supporting the project and its director, maintaining project financial sustainability and ensuring project impact Tides directors and project AB members are covered under the same directors and officers insurance policy. Each AB member is required to fill out this form and sign our Conflict of Interest Disclosure Form
Tides goal is to help your project develop a strong and enthusiastic team of advisors. You can arrange for consultations on any board issue throughout the year, and Tides can provide written materials to support you in your role. Please take advantage of Tides AB development resources, consultations and webinar trainings offered monthly by web conference.
The responsibilities are critical to our relationship. Each project director and AB member should review this form
and detailed responsibilities. Each AB member must sign. Please contact your Advisor at Tides if anything is unclear.