We have never had a claim in forty years. Why now?

DAF growth and successor-generation transitions are producing disputes across the field that prior decades did not. Coverage prices your future, not your past — and clean history keeps it inexpensive.

Does D&O cover fund-agreement disputes?

Governance claims arising from administration decisions are the target exposure; terms vary and we negotiate definitions with foundation-specific language.

What about the investment committee?

Committee members are insured persons under a properly structured D&O; investment-policy adherence is the defense we make sure the paper supports.

What does underwriting need?

Assets, fund composition, staff, governance documents, and history — one application to carriers with foundation appetite.

Community Foundations Insurance: EPL, D&O & Management Liability

Why community foundations face employment claims

Small professional staffs with long tenures make any termination conspicuous; separations of senior program officers draw age and retaliation allegations sharpened by community visibility.

Compensation-equity comparisons across a small team are easy to assemble and hard to rebut without structured pay practices.

Beyond EPL: the rest of the management liability picture

Fund-agreement interpretation is the signature exposure: donor families dispute successor-advisor rights, variance-power exercises, and spending policies — claims aimed at trustees. Investment-committee decisions in down markets draw fiduciary-adjacent governance claims. Explore D&O insurance, cyber liability, and fiduciary liability, or start with employment practices liability.

What a claim can look like

Illustrative scenario

Heirs of a founding donor dispute the foundation’s exercise of variance power redirecting a dormant fund, alleging the board ignored donor intent. The fund agreement and minutes are the entire case.

Illustrative scenario

A program officer terminated in a restructuring alleges the reorganization was engineered to remove staff who questioned a board member’s grant to an affiliated nonprofit. Conflict-of-interest records set the tone.

Scenarios are illustrative composites, not descriptions of actual claims or outcomes. Whether any claim is covered depends on the policy issued.

What carriers will ask about your foundation

Assets under administration and fund-type mix
Staff count and tenure profile
Fund-agreement templates and variance-power history
Conflict-of-interest and investment-oversight practices
Three-year claims history
Gross annual revenue and payroll

One application. Multiple A-rated carriers.

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Frequently asked questions

We have never had a claim in forty years. Why now?: DAF growth and successor-generation transitions are producing disputes across the field that prior decades did not. Coverage prices your future, not your past — and clean history keeps it inexpensive.
Does D&O cover fund-agreement disputes?: Governance claims arising from administration decisions are the target exposure; terms vary and we negotiate definitions with foundation-specific language.
What about the investment committee?: Committee members are insured persons under a properly structured D&O; investment-policy adherence is the defense we make sure the paper supports.
What does underwriting need?: Assets, fund composition, staff, governance documents, and history — one application to carriers with foundation appetite.

Provident Financial Group is an independent insurance agency, not a carrier. We place coverage for community foundations in New Jersey, New York, Connecticut, Vermont, Ohio, Pennsylvania, Michigan, Kansas, North Carolina, South Carolina, the District of Columbia, Virginia, Maryland, Delaware, Georgia, Florida, Texas, California, Kentucky, Massachusetts, Indiana, Nevada, and Arizona.