Organization > Committees > Financial Advisory
Financial Advisory Committee
The Committee is responsible for:
- Assisting the Treasurer in maintaining surveillance over the funds and investments of the Association with the goal of steadily increasing the assets while providing funds.
- Ensuring that the Association maintains a reserve fund equal to 6 months of current operating expenses.
- Reviewing and revising, at least annually, the Association’s strategy for long-term financial growth and stability with the goal of hiring a management firm to perform the daily operations of the Association.
- Investigating for the Treasurer investment vehicles for the Association; the Treasurer will submit the recommendations of the committee to the Executive Board for approval.
- Working with the Development Committee to ensure that funds raised by that Committee are appropriately allotted or invested.
- Ensuring that the Investment Policy and the Treasurer’s Manual are reviewed and updated regularly.
Chair: Jane Darcovich, University of Illinois at Chicago
Members:
Maureen Burns, IMAGinED Consulting
Allan T. Kohl, Minneapolis College of Art & Design
Billy Kwan, Metropolitan Museum of Art
Cathie Lemon, Phoenix Art Museum
Ann Woodward, Johns Hopkins University
VRA Executive Board Liaison:
Billy Kwan, Metropolitan Museum of Art
