Lithuanian Foundation members convene at the Annual LF Members' Meeting to hear and approve annual reports, to vote on various issues, and to elect the Audit Committee to a one-year term and one-third of the Board of Directors to a three-year term.

The 3-member Audit Committee reviews the corporate books and presents its report at the annual meeting.

The 18-member Board of Directors governs the Foundation between annual meetings. The Board elects its Chairman and Secretary and forms special task committees. Standing committees of the Board include the Finance, By-laws, Grants, and Honorary Committees.

The Board elects the President and confirms the Officers who manage the day-to-day operations of the Foundation.

The Officers appoint Representatives in various communities around the country to coordinate fundraising activities, to recruit new members, and to represent the Foundation at local events.

The awarding of LF grants and scholarships is the repsonsibility of the Grants Committee. The Board appoints four of seven members to the Grants Committee and the remaining three are designated by the Lithuanian American Community, Inc. (LAC). The Grants Committee chair is an LF Director. The Grants Committee reviews applications and makes award decisions by majority vote.

The Scholarship Subcommittee evaluates scholarship applications and recommends scholarship recipients to the Grants Committee.