Abundance Foundation

“The Foundation delegates many functions by contract to Third Plateau ("TP"), a philanthropic management and advisory services firm that provides the Foundation a range of management and administrative services and back office support, including accounting and tax preparation, purchasing insurance and risk management, mailing address and phone, administrative and vendor management, grants administration and program support. The Foundation's directors approved payment of $75,000 to TP for services in 2024.”

“Persons Who Elect Directors: Under the By-laws and California Public Benefit Nonprofit Corporation Law, the Foundation's designators elect the Foundation's directors.”

“The Foundation's designators approve any By-law amendment. All other governance issues are made by the full Board of Directors.”

“Form 990 including all schedules and attachments, are sent to the directors and members of the board in draft form seeking review and comments, along with a transmittal e-mail calling their attention to sections of the form most likely to be of interest to members of the public and potential donors.”

“The Abundance Foundation is a small organization so relationships which could give rise to conflicts are easily identifiable. In 2011, a form requesting information on conflicts resulting from any family or business relationship was sent to and completed by members of the board and corporate officers with a request to advise other members of the board of any changes that may occur in subsequent years. This form was updated by all directors and officers in 2021. If such a relationship is reported or known, the directors follow the procedures of the Conflict of Interest Policy which directs full disclosure of all facts and circumstances, consideration by the board of the nature and seriousness of the conflict and makes a decision whether to enter into the transaction and, if so, to ensure the terms of the transaction are appropriate. The potentially interested person must recuse him or herself from any decision which could benefit him or her personally.”

“The independent members of the Board consult with legal Counsel, review compensation surveys and materials complied by Counsel, and confer with individuals working in the nonprofit field to determine a reasonable salary for the CEO based on the job description and professional credentials required.”

“The full Board consults with legal Counsel, reviews compensation surveys and materials complied by Counsel, and confers with individuals working in the nonprofit field to determine a reasonable salary for the CEO based on the job description and professional credentials required.”

“No documents other than Forms 990 and 1023 are available to the public.”

“Available upon request.”