Greensboro Day School develops the intellectual, ethical, and interpersonal foundations students need to become constructive contributors to the world. We are dedicated to cultivating a principled community of learners that welcomes diversity, including age, culture, gender, race, faith, sexual orientation, socioeconomics, and ability. Greensboro Day School is in alignment with the National Association of Independent Schools (NAIS), utilizing the NAIS Principles of Good Practice for Independent School Trustees and the Board of Trustees.
The Board of Trustees is responsible for oversight and control of the business and affairs of the School. The Bylaws provide that the School shall have not less than nine or more than twenty-nine trustees. Trustees are elected to three-year terms, may serve a maximum of two consecutive terms, and are divided into classes so that the terms are staggered.
The Bylaws require that the School have a Chair of the Board, a Chair-elect or Vice Chair, a Secretary, a Treasurer, and a Head of School. The Bylaws designate the Chair as the principal executive officer of the School. The Secretary is charged with overseeing notice of board meetings, minutes of meetings, and the records of the School. The Treasurer is designated as the chief financial officer with responsibility for supervision of the funds and securities of the School and preparation of an annual statement of the School's assets and liabilities as of the close of each fiscal year.
The Board of Trustees meets approximately 5 times during the School year. The Board is self-perpetuating, which is typical of most independent schools. This means that the Board identifies prospective new trustees via a process managed by the Committee on Trustees. The Board is committed to selecting Trustees who bring diverse talent and background and offer a strong desire to serve the School. The Bylaws provide that the Board of Trustees may have committees to assist with management of the business and affairs of the School. Below are the Board Committees whose membership includes non-trustees, along with each Committee’s purpose.
Advancement Committee
The Advancement Committee of the Board of Trustees of Greensboro Day School provides oversight of programs related to fundraising, stewardship, alumni relations, and communications efforts, and advises and consults with the Board on matters in these areas.
Buildings and Grounds Committee
The Buildings and Grounds Committee provides information and advice to the administration of Greensboro Day School concerning the physical plant of the school including structures, grounds, maintenance, and security. The work of this committee is consistent with the mission of the School, and the committee reports to the Board of Trustees.
Finance Committee
The Finance Committee provides financial leadership and guidance to the administrators of Greensboro Day School to assist them in operating the School in a fiscally responsible manner, and to the Board of Trustees in support of the mission statement and strategic and long-term goals.
Investment Subcommittee (of Finance Committee)
The Investment Committee serves as a subcommittee of the Finance Committee. The Committee supports the School’s relationship with its investment consultant and evaluates comparative endowment benchmark data points for spending rates, portfolio performance, and allocation strategies. The Investment Committee also supports the School’s relationship with its ERISA consultant and reviews the 403 (b) plan structure and ERISA compliance. The Investment Committee evaluates and assesses the service agreement with the School’s retirement consultant to ensure they are providing GDS employees with the tools and educational sessions necessary to understand and assess their retirement planning choices, thus providing the School with maximum fiduciary protection.