foundation board
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foundation board
The highest supervisory or administrative body of a foundation. The foundation board oversees management and decides on the strategic direction of the foundation.
Der Stiftungsrat hat über die Vergabe der Fördermittel für das kommende Jahr entschieden.
The foundation board decided on the allocation of funding for the coming year.
The word is made up of 'die Stiftung' (foundation) and 'der Rat' (council/board). Here, 'Rat' does not mean 'advice', but rather 'committee' or 'assembly', similar to 'Stadtrat' (city council).
Der Stiftungsrat besteht aus fünf Mitgliedern.
The foundation board consists of five members.
A 'Stiftungsrat' (foundation board) can 'tagen' (meet), 'beschließen' (decide/pass a resolution), or 'genehmigen' (approve) something. People can 'in den Stiftungsrat berufen werden' (be appointed to the foundation board) or 'Mitglied des Stiftungsrates sein' (be a member of the foundation board).
Der Stiftungsrat tagt zweimal im Jahr, um die Strategie zu besprechen.
The foundation board meets twice a year to discuss the strategy.
A genitive is often used to indicate which organization the foundation board belongs to. The structure is then: 'der Stiftungsrat der [Name der Stiftung]' (the foundation board of [name of the foundation]).
Der Stiftungsrat der Kulturstiftung hat neue Projekte genehmigt.
The foundation board of the cultural foundation approved new projects.
board
'der Vorstand' and 'der Stiftungsrat' both refer to an important body that leads or oversees an organization. 'Der Vorstand' fits companies, associations, and many other organizations, and often manages day-to-day affairs. 'Der Stiftungsrat' belongs specifically to a foundation. It oversees management and decides on important goals of the foundation. The words can be confused because both groups make decisions. A practical rule is: for a foundation, 'Stiftungsrat' is often more precise; for an association or company, it is usually 'Vorstand'.
Der Stiftungsrat entscheidet, welche sozialen Projekte im nächsten Jahr Geld bekommen.
The foundation board decides which social projects will receive money next year.
Am Montag bespricht der Vorstand die Finanzen des Vereins.
On Monday, the board discusses the association's finances.