J Warren and Lois Mcclure Foundation Inc

“Barbara benedict and rebecca henry have a family relationship.”

“The vermont community foundation performs customary management duties on behalf of the governing body.”

“There are no committees with authority to act on behalf of the board of directors.”

“Management will review the form 990 and related schedules and provide a copy of the tax return to all board members.”

“The foundation has established a conflict-of-interest policy and a confidentiality policy. This policy is implemented as follows: a) annually, the vp of operations and administration (vpoa) reviews the conflict-of-interest policy and confidentiality policy with vcf staff as part of its annual employee handbook updates. The policies are discussed, and staff complete the acknowledgement form indicating understanding of the policy. As part of this process, if staff identify any potential conflicts, there are guidelines and procedures provided in the policy. This data is used to ensure that the foundation is independent in its decision making. Every staff member is required to complete the forms. B) annually, the board reviews the policies with each director returning the signature of understanding page along with a list of identifying conflicts. Vp of finance provides a summary to audit committee to ensure conflicts are disclosed and proper abstaining occurs. C) new staff and board members are informed of these policies as part of their orientation materials and return the acknowledgement of understanding and potential conflicts to human resources. D) at each board meeting, board members disclose any conflicts and abstain from voting and/or leave the meeting as appropriate.”

“The chair of the board of directors reviews the executive director's salary annually. The chair uses a robust review process of the executive director's performance, including interviewing key staff and external stakeholders. Working with the vpoa and vice-chair, the chair reviews annual salary survey data from various sources (e.g. Council on foundations and comparable vermont based non-profits) to benchmark the salary range and/or any adjustments. A third party conducts a comparative market analyses every two years for all roles. Salary ranges are set and communicated with staff through a regular performance management program. The process described here was last completed in 2024.”

“The foundation was audited as part of the consolidated financial statements of the vermont community foundation, its supported organization.”

“The foundation has no formal policy surrounding the public availability of its governing documents, nor has it ever received a request for such documents. As the foundation is part of a consolidated set of financial statements, no stand alone financial statements exist. The consolidated audited financial statements are available at www.vermontcf.org.”

“Returned prior year grants 70,607.”