Board of Directors


The FFEF Board of Directors and management is responsible for the operations and activities of the Foundation and is comprised of the following highly-experienced individuals.



Craig B. Welling, Chairman and Director

Craig B. Welling earned his degree from Brigham Young University with a double major in Business Finance and Marketing, and minors in Spanish and Accounting. After completing his education, he managed a family-owned car dealership for 13 years. He currently manages his own successful financial services business of 20 years and holds Series 6, 22, and 63 securities licenses and a life insurance license. Craig serves as a Uinta County Commissioner in Wyoming, and also serves on several community and government boards.



John Phillips, Director

John Phillips earned his undergraduate and law degrees from Brigham Young University. After completing his education, he was a managing partner at Phillips Law Offices for 14 years. He also served as Municipal Court Judge and District Court Commissioner for the Third Judicial District and Uinta County Court in Uinta County, Wyoming. Currently John is a financial advisor in Salt Lake City, Utah, providing investment advice and retirement planning to individuals, corporations, and other entities. He holds Series 7, 63, and 65 securities licenses and a life insurance license.



Donald R. Frakes, Director

Donald R. Frakes earned his undergraduate degree from University of Wyoming and his Doctor of Dental Science Degree from the University of Nebraska. After completing his education in 1990, he set up a successful dental practice in Evanston, Wyoming. Donald serves on several dental association boards and is a member of the American Dental Association and the Wyoming Dental Association.



William Richards Cluny, President and CEO

William Richards (Rick) Cluny is President and Chief Executive Officer of Family Financial Education Foundation. Rick earned his degree in Business Administration from the University of Phoenix. After completing his education, Rick spent 23 years in the banking, finance, and accounting fields followed by 15 years in consumer credit counseling. He is currently an officer and member of the board of directors for several companies, including FFEF, and has been responsible for the Foundation's growth into a highly successful organization.



Sheldon A. Smith, General Counsel

Sheldon A. Smith received his law degree from Brigham Young University and his accounting degree from Weber State University. Sheldon has 21 years of experience in the corporate arena either as an attorney or CPA working for such companies as Coldwell Banker, Whetstone Technologies, and Interactive Learning Systems. As general counsel for FFEF, he is responsible for managing corporate legal matters and ensuring compliance with state and federal licensing and regulatory matters.