Brooklyn Community Foundation

“Prior to filing, all directors will be provided with the prepared form 990 with the exception of schedule b for review and will be encouraged to share concerns and questions with the audit committee and/or staff preparer. In addition, all directors will be invited to attend the audit committee call at which the form (with the exception of schedule b) will be reviewed and discussed with staff management.”

“Annually, all directors and employees complete a conflict of interest disclosure questionnaire which is reviewed by the chief operating officer and shared with the president and governance & nominating committee if issues are noted. Before new directors are elected to the board, the completed questionnaire is similarly reviewed. As potential transactions are considered, directors and employees are required to disclose conflicts, and the conflicted director or employee is excluded from participating in deliberations and decisions concerning the matter. Such disclosures are noted in the meeting minutes.”

“15a. The compensation for the president is reviewed and decided upon annually by the board. As part of the process, a written performance appraisal is conducted and compensation benchmarks from a retained search firm are evaluated. The board approves all salary adjustments in an executive session during which contemporaneous minutes are not recorded. After review and discussion, the board determines the president's compensation for the next year. 15b. Officers as well as other employees receive a performance appraisal from their immediate supervisors. Salary adjustments must be approved by the president and will be given, where appropriate, based upon the performance appraisal and within budgetary limits. Various industry salary surveys are used to assist in determining any adjustments.”

“The foundation makes its governing documents, conflict of interest policy and financial statements available to the public on the foundation's brooklyn community foundation website.”

“The foundation has an employment management agreement with a professional employer organization that provides a comprehensive personnel management system encompassing a broad range of services, including benefits and payroll administration, health, worker's compensation insurance programs, personnel records management, employer liability management, pension, etc.”

“Brooklyn community foundation is on a mission to spark lasting social change, mobilizing people, capital, and expertise for a fair and just brooklyn. Born out of the legacy of independence community bank, a brooklyn institution for more than 150 years, the foundation began in 1998 as a private grantmaker to local nonprofits. A decade later, we transitioned to become a public community foundation the first dedicated to a single new york city borough with an endowment that ensures 100% of all contributions goes directly back to brooklyn. Since 2009, the foundation and its donors have provided over $75 million in grants to more than 300 nonprofits throughout the borough, bolstering vital programs and services while responding to urgent community needs.”

“The wellness and recovery fund grantmaking. Brooklyn community foundation established the wellness and recovery fund from charitable assets that remained after the office of the attorney general (oag) dissolved canarsie a.w.a.r.e., inc. For its participation in a scheme that exploited some of new york's most vulnerable residents and defrauded medicaid. The $2.2 million fund supports organizations working to ensure that those who navigate the difficult road of substance abuse and addiction do so with reliable support that honors their agency and dignity.”