Geneseo Foundation Directors are selected for their distinguished achievements in business, industry, and other professions, along with their commitment to the advancement of Geneseo. While many are from the Rochester area, an increasing number of directors reside in other parts of the country. The directors provide advice and counsel to the Foundation on a broad range of issues and help interpret the needs of the College. In addition, directors appoint the officers of the Foundation, establish the Foundation's operating and investment policies, and approve all budgets and major expenditures of the Foundation
The Board of Directors consists of directors, two ex-officio College voting members (President of the College, and Vice President for College Advancement, who acts as the Executive Director of the Foundation), four ex-officio non-voting members (Chair of the College Council, Chair of the College Senate, Vice President for Administration and Finance, and the President of the Student Association), one non-voting board chair emeritus, and one non-voting member emerita (Professor Emerita).
The following are the standing committees of the corporation: Executive Committee, Audit Committee, Finance Committee, Development Committee and the Committee on the Board. Their membership consists of representatives selected from the Board of Directors.