Council-endorsed D&O Insurance Program

Directors & Officers liability insurance provides financial protection for a foundation and its directors, officers, employees, and volunteers in the event of a lawsuit.

Does Your Foundation Need D&O insurance?

A foundation doesn't have to be in the wrong to be sued. D&O insurance protects foundations by covering costs—defense, damages, or settlements— that result from addressing actual or alleged violations in court. About 90 percent of D&O claims are employment-related issues—wrongful termination, harassment, discrimination. About 40 percent of these are straight termination cases. The Council on Foundations endorses the D&O liability insurance program provided through Aon Association Services and underwritten by The Hartford. The Council does not believe that D&O insurance is right for every foundation. Rather, we encourage you to decide, in consultation with your foundation's legal counsel, if D&O insurance is the right choice for your foundation's needs.

Who is eligible for the Council-endorsed D&O insurance program?

The Council-endorsed D&O program is available to all grantmaking foundations as a service to the field. Coverage is available in all states. Brokers can access the Council's D&O program through Aon Association Services. 

Is there a discount for Council members?

A discount is available to grantmakers with current membership in the Council or in one of the participating regional associations of grantmakers in states where the discount is approved.* To find out if your regional association participates, check with your regional association, Aon, or the Council.

How to get started

Download an application and other materials at Aon's D&O website or call Jason Tharpe, program administrator at Aon, at 202-429-8561. To obtain the discount, let Aon know that you are a member of either the Council or a participating regional association. If you have questions for the Council about the program, contact legal@cof.org.