New Canaan Community Foundation Inc

“The executive committee shall consist of not less than three directors, including the chair. The chair shall serve as chair of the executive committee. Subject to any prior limitations imposed by the board, the executive committee shall have the power to transact all regular business of the corporation during the interim between the meetings of the board, and its actions shall have the same force and effect of action of the board, provided, however, the executive committee may not: (i) fill vacancies on the board, the governance and board development committee or any committee with the power to act on behalf of the corporation; (ii) adopt, amend or repeal these bylaws; (iii) approve a plan of merger; (iv) approve a sale, lease, exchange or other disposition of all or substantially all, of the property of the corporation except as provided in section 33-1101(e)(5) of the act; or (v) approve a proposal to dissolve.”

“The full board reviews the form 990 prior to filing, but with donor information redacted.”

“Each year, the president & ceo collects information from the current board of directors and volunteers about their involvement and leadership in other local nonprofit organizations. Any potential conflict of interest with an organization seeking grant funds from nccf is noted, and a board member or volunteer will be asked to excuse themselves from discussions or decisions about the applicant if there is determined to be a conflict of interest, such as serving on the boards of both organizations. Officers and employees are also required to annually disclose conflicts if any exist.”

“The president & ceo's annual performance review is conducted by the executive committee, under the direction of the chair of the board; information is reviewed about compensation of other nonprofit employees in the industry and the region; the entire board approves the compensation expenses in the operating budget, and the executive committee manages any adjustments to the president & ceo's compensation. Other employees' performance reviews are conducted annually by their direct supervisor. Information is reviewed about compensation of other nonprofit employees in the industry and the region; the entire board approves the overall operating budget, which includes employee compensation expenses, which is based on lcoal compensation data. The process described here was last completed in 2025.”

“Documents are available for public inspection in the foundation's office, and this availability is mentioned in our annual report and on our website. We also share financial information on guidestar.”