The Golden Rain Foundation (GRF), a not for profit corporation, administers the shared Trust property and facilities owned by the 16 Mutual Corporations. The Boards of the independent Mutual Corporations directly manage each of the sixteen (16) respective Mutuals within Leisure World, Seal Beach. Mutual 17 is the only condominium association. Mutuals 1-16 are cooperative entities.Each of the Mutuals has an elected, volunteer Board of Directors that manage the residential property. It also elects volunteer representation of the Golden Rain Board of Directors.
The Golden Rain Foundation Board makes policy and administers the Trust property for the Mutuals. They also oversee the functions of the approximately 250 persons who are employed by the GRF. There is a full-time Executive Director who oversees the departments serving the community. These departments are: Administration, Community Facilities, Finance, Golden Rain News, Human Resources, IT Services, Mutual Administration, Recreation, and Security.
The GRF Board operates through the Executive Committee and eight standing committees: Architectural Design Review, Communications & IT, Finance, Governing Documents, Mutual Administration, Physical Property, Recreation, and Security, Bus and Traffic. The Committees work to facilitate cooperative community living within Leisure World.
Mission statement: The Golden Rain Foundation provides an enhanced quality of life for our active adult community of Seal Beach Leisure World.