§290h–5 Management of Foundation

Summary

Create and run a seven-member board to manage the Foundation. The President picks the seven members with Senate approval and names a chair and a vice chair. Five members must come from private life and two from U.S. agencies that work on African affairs. Members must know and care about community-level development. No more than four board members can belong to the same political party. Members serve six-year terms, but when the board first starts, two members serve two years and two serve four years. If someone leaves early, their replacement finishes that term. Members stay on until their successor is ready. They do not get a salary but can be paid up to $100 per day plus travel when doing Foundation work. More than half the board must be present to act. The board hires a Foundation president and sets the job terms. The president’s pay cannot be higher than level IV of the Executive Schedule under section 5315 of title 5. The board can hire experts and consultants under section 3109 of title 5. The board must set up an advisory council of people who know about African development, which can include African recipients of Foundation grants or loans. The board must consult that council at least once a year. Council members receive no pay but may get travel and other expenses under section 5703 of title 5.