The Community Foundation for Greater New Haven

“The board of directors shall consist of fourteen citizens of the united states and residents of the city of new haven, connecticut, or vicinity, selected for their knowledge of the charitable or educational needs of the community. It is a cardinal principle of the foundation that it shall be conducted in the interests of the whole community without regard to race, color, religion, sex or creed, and that to the greatest possible extent all interests, classes and creeds shall be represented on the board of directors. No person holding a salaried public office shall be a member of said board of directors; and if any member of the board of directors shall be appointed or elected to any salaried public office, such member shall thereupon and without any action or proceedings whatsoever cease to be a member of the board of directors. No executive officer of a trustee shall be a member of the board of directors. The board of directors shall be selected, appointed and classified as follows: class 1 - one member by the chief executive of the city of new haven, connecticut. Class 2 - one member by the president or other chief executive officer of the new haven chamber of commerce. Class 3 - one member by the judge of the probate court for the district of new haven, connecticut. Class 4 - one member by the trustees' committee. Class 5 - one member by the president or other chief executive officer of yale university. Class 6 - one member by the president of the new haven county bar association. Class 7 - one member by the trustees' committee. Class 8 - one member by the board of directors by majority vote of all the members serving at the time of such appointment. Class 9 - one member by the board of directors by majority vote of all the members serving at the time of such appointment. Class 10 - one member by the board of directors by majority vote of all the members serving at the time of such appointment. Class 11 - one member by the board of directors by majority vote of all the members serving at the time of such appointment. All appointments of members of the board of directors shall be made atleast thirty days before and not more than ninety days before the expiration of the term of office of the particular member of the committee whose position such appointment is designed to fill.”

“Trustee banks provide governance decisions relative to the spending policy calculation for the funds held at each respective bank.”

“The 990 and audited financial statements are reviewed by the audit committee and board of directors before release and submission to the service and the general public.”

“All staff and board members must sign the conflict of interest policy annually to update any existing affiliations. Conflicts are compiled and maintained by the president of the board and provided to the board when conflict is disclosed. A transaction involving a conflicting interest may be approved only by the affirmative vote of a majority, but no fewer than six, of those members of the board of directors (or a committee thereof duly authorized by the board of directors to give such approval) who do not have a conflicting interest with respect to the transaction.”

“The community foundation for greater new foundation's structured supervisory program is centered on supervisory meetings, which are held with each staff member and his/her supervisor on a regular basis. All managers are expected to set goals with, evaluate, and provide feedback to their employees during the course of these meetings. Near the beginning of the year, employees submit a self-assessment of their performance for the prior year. Managers then do their own performance review of the employee using input from the prior year's meetings as well as the employee's self-assessment; they then meet with their reports to discuss the annual performance review. After this, the senior management team meets to discuss the performance reviews of all members of their departments' the ratings of the employees' performance from the performance reviews and input from the senior leadership team are used in determining merit increases to employees' salaries. The executive committee approves the compensation of the chief executive officer. Compensation of other senior staff is determined by the chief executive officer.”

“Governing documents, conflict of interest policy and financial statements are available to the public upon request.”

“Transfers to organization funds -10,660,469. Change in value of split interest agreements 221,414. Market return - organization funds -13,459,028. Grant cancellation and adjustments 464,929.”