Trustees United for Justice and Equality
MEMBERSHIP POLICY
As stated in the Articles of Incorporation and Bylaws, Trustees United for Justice and Equality (hereafter referred to as “TU”), is a non-membership organization and shall have no voting members for purposes of Section 5056 of the California Nonprofit Public Benefit Corporation Law. However, TU will solicit supporters and designate such, as non-voting members (hereafter referred to as “Members”) of TU, who meet certain terms and conditions, and who, if accepted and acknowledged by TU, will enjoy the rights and benefits of membership.
The process to qualify as a Member will be (1) submission of an application for membership; (2) affirmative acceptance by the applicant of membership terms and conditions, including, but not limited to, affirmation of the Principles and goals of TU; (3) written notice by TU of acceptance of the applicant to be a TU Member; and (4) payment of annual membership dues. (See the table below for details.)
The Board of Directors has adopted this “Membership Policy” (the “Policy”) to promote membership in TU, to provide more details on the process to qualify as a Member, to govern the terms and conditions for membership of TU, and to provide guidance to TU’s Membership Committee.
Membership Terms and Conditions
TU welcomes individuals and institutions that are committed to our Principles and goals to become Members. TU may accept individuals or institutions in the following categories, who or which complete an Application for Membership and meet all of the following terms and conditions:
• Investors - Including, but not limited to asset owners (pension funds, foundations, endowments) and asset managers (investment banks, private equity firms, real estate firms)• Investment Service Providers - Including, but not limited to investment consultants, law firms, data collection and reporting firms• Strategic Partners - Including, but not limited to unions, nonprofits, and other allied organizations that support TU’s Principles, goals, and work through a monetary contribution, grant, or in-kind contribution• Individuals – Including individuals that personally commit to TU’s Principles, goals, and work Table 1. TU Membership Terms and Conditions
The process to qualify as a Member will be (1) submission of an application for membership; (2) affirmative acceptance by the applicant of membership terms and conditions, including, but not limited to, affirmation of the Principles and goals of TU; (3) written notice by TU of acceptance of the applicant to be a TU Member; and (4) payment of annual membership dues. (See the table below for details.)
The Board of Directors has adopted this “Membership Policy” (the “Policy”) to promote membership in TU, to provide more details on the process to qualify as a Member, to govern the terms and conditions for membership of TU, and to provide guidance to TU’s Membership Committee.
Membership Terms and Conditions
TU welcomes individuals and institutions that are committed to our Principles and goals to become Members. TU may accept individuals or institutions in the following categories, who or which complete an Application for Membership and meet all of the following terms and conditions:
• Investors - Including, but not limited to asset owners (pension funds, foundations, endowments) and asset managers (investment banks, private equity firms, real estate firms)• Investment Service Providers - Including, but not limited to investment consultants, law firms, data collection and reporting firms• Strategic Partners - Including, but not limited to unions, nonprofits, and other allied organizations that support TU’s Principles, goals, and work through a monetary contribution, grant, or in-kind contribution• Individuals – Including individuals that personally commit to TU’s Principles, goals, and work Table 1. TU Membership Terms and Conditions
INVESTORS | INVESTMENT SERVICE PROVIDERS | STRATEGIC PARTNERS | INDIVIDUALS | |
DUES | $5,000.00 | $1,000.00 | $1,000.00 | $100.00 |
Commit to TU’s Principles (expressed on application; Institutional or organizational applications need to be signed by Board Chair, CEO, CIO, or a direct report to CEO/CIO) |
Required |
Required |
Required |
Required |
Agree to abide by TU’s policies and procedures |
Required |
Required |
Required |
Required |
Submit, annually by March 31st, a Board approved enterprise-wide policy on sexual misconduct/harassment |
Required |
Required |
Required | |
Submit annually by March 31st, all dues and required reports |
Required |
Required |
Required |
Required |
Submit annually by March 31st, total assets under management |
Required |
Required |
Required |
*TU reserves the right to waive dues or accept in-kind contributions in lieu of dues.
Membership Application Review Process
Applications for Membership will be reviewed by the TU Membership Committee. Applicants meeting the terms and conditions for membership will be recommended to the TU Board for approval. Upon approval by the TU Board, applicants will be notified in writing of such approval.
The TU Board reserves the right to approve/disapprove applications.
Continued membership is predicated upon receipt of required annual affirmation or reporting requirements.
Membership Dues
All dues will be used to support the Mission of TU and cannot be designated for any specific activity.
The TU Membership Committee shall annually review the dues structure and may make recommendations to the TU Board to modify the dues structure. Sufficient written notice (60 days) will be made to Members of any changes to the dues structure, before changes are implemented.
Rights and Responsibilities of Membership
There are several advantages of becoming a Member, including: • Investor Members shall be eligible for consideration to serve on the Investor Advisory Committee. All Members shall be eligible for consideration to serve on additional advisory committees; • Members may identify issues for action in support of our work for the Board’s consideration;• Members may engage in other activities in support of our work, such as corporate, investor and legislative engagement and collaboration; • Members may participate in educational activities; • Members shall receive communications and other materials; and • Members may include on their own marketing materials that they are a Member of Trustees United for Justice and Equality.
Although Members are nonvoting members, the Board of Directors will look to the membership for input.
Termination of Membership
The TU Board reserves the right to terminate the membership of any Member without cause and for actions including, but not limited to those that are contrary to TU’s Principles and goals or are in violation of TU policies and procedures. If the membership of a Member is terminated prior to the end of the fiscal year, a prorated portion of dues paid will be refunded to the Member.
Additional Provisions
TU may, separately, solicit funds and donations from donors and establish guidelines and categories of donors which may be distinct from membership in TU.
TU is not obligated to accept a donation from any individual/institution who or which desires to make a donation. TU may accept donations from entities other than Members.
TU Membership Policy will be maintained by the TU Secretary and will be made available to Members at reasonable times, upon reasonable notice.
Membership Application Review Process
Applications for Membership will be reviewed by the TU Membership Committee. Applicants meeting the terms and conditions for membership will be recommended to the TU Board for approval. Upon approval by the TU Board, applicants will be notified in writing of such approval.
The TU Board reserves the right to approve/disapprove applications.
Continued membership is predicated upon receipt of required annual affirmation or reporting requirements.
Membership Dues
All dues will be used to support the Mission of TU and cannot be designated for any specific activity.
The TU Membership Committee shall annually review the dues structure and may make recommendations to the TU Board to modify the dues structure. Sufficient written notice (60 days) will be made to Members of any changes to the dues structure, before changes are implemented.
Rights and Responsibilities of Membership
There are several advantages of becoming a Member, including: • Investor Members shall be eligible for consideration to serve on the Investor Advisory Committee. All Members shall be eligible for consideration to serve on additional advisory committees; • Members may identify issues for action in support of our work for the Board’s consideration;• Members may engage in other activities in support of our work, such as corporate, investor and legislative engagement and collaboration; • Members may participate in educational activities; • Members shall receive communications and other materials; and • Members may include on their own marketing materials that they are a Member of Trustees United for Justice and Equality.
Although Members are nonvoting members, the Board of Directors will look to the membership for input.
Termination of Membership
The TU Board reserves the right to terminate the membership of any Member without cause and for actions including, but not limited to those that are contrary to TU’s Principles and goals or are in violation of TU policies and procedures. If the membership of a Member is terminated prior to the end of the fiscal year, a prorated portion of dues paid will be refunded to the Member.
Additional Provisions
TU may, separately, solicit funds and donations from donors and establish guidelines and categories of donors which may be distinct from membership in TU.
TU is not obligated to accept a donation from any individual/institution who or which desires to make a donation. TU may accept donations from entities other than Members.
TU Membership Policy will be maintained by the TU Secretary and will be made available to Members at reasonable times, upon reasonable notice.
Approved 1.7.21