
Episode #2
Redefining Board Purpose and Fiduciary Duty with Gabriela Alcalde
Today the Sewall Foundation board’s primary purpose isn’t to protect their portfolio and assets. It’s to steward the foundation’s values. But that wasn’t always the case. In this episode, Gabriela Alcalde, executive director of the Sewall Foundation, shares how the board evolved its definition of fiduciary duty and adopted a board purpose statement that puts community and mission impact first. Tune in to hear the tangible steps they’ve taken as an organization and new practices they’ve adopted like ‘fist to five’ voting and open board recruitment, and how these changes are shaping the ways they show up for their communities today and into the future. References & Resources Mares kicks off the episode with a question inspired by TGP’s Evolutions Exercise , a tool designed by our senior advisors. Gabriela shares Sewall Foundation’s Definition of Fiduciary Duty . Gabriela mentions that the board now votes using the Fist to Five method.





