ClimateWorks Foundation (“CWF”) is a U.S.-based 501(c)(3) public charity with a global mission to end the climate crisis by amplifying the power of philanthropy. Since our founding in 2008, we’ve collaborated with foundations, NGOs, and climate leaders around the world to tackle climate change on a global scale. We have awarded over $1.8 billion in grants to more than 850 organizations that advance climate solutions around the world. We have helped grow the field of climate philanthropy to where it stands today, establishing infrastructure, global networks, and momentum for continued growth. Our collaborative global programs and services scale solutions and produce results that are bending the emissions curve.
ClimateWorks is governed by a Board of Directors (the “Board”) that includes leaders of some of the world’s most reputable philanthropic, academic, and business institutions active in efforts to tackle climate change. The primary purpose of the Audit Committee is to assist the Board of CWF regarding the selection and termination of an independent auditor, assure the ongoing independence of the auditor, and review the auditor’s report.
The key responsibilities of the Audit Committee are:
Audit Committee terms/participation
CWF’s Audit Committee Members will serve a three-year term and will then be eligible for re-appointment for up to two additional terms. Committee meetings are typically held at least three times per year by video conference (so there is flexibility in where members are based). There is a great opportunity to build relationships with members of the Board as part of serving on the Audit Committee. The Committee is comprised of both volunteer outside members and members of the Board. Committee members are invited to attend Board sessions regarding the audit and are extended further invitations to Board meetings and events.
Qualifications
Selected Committee members will have the following qualifications:
o applying generally accepted accounting principles and preparing financial statements for a U.S.-based organization
o internal controls and procedures for financial reporting
o audit committee functions
Service on CWF’s Audit Committee is without remuneration, except for administrative support, travel, and accommodation costs in relation to the Committee member’s duties.