Columbia College Foundation

“THE ORGANIZATION DOES NOT COMPENSATE ANY INDIVIDUALS. THEREFORE, THIS QUESTION HAS BEEN intentionally MARKED NO.”

“The Executive Committee is responsible for overseeing the development of governing policies and procedures, which must then go before the Board for approval.”

“A copy of the form 990 is provided to the board via email. The form 990 is also reviewed by the college and foundation staff before it is filed.”

“ALL BOARD MEMBERS ARE REQUIRED TO COMPLETE AN ANNUAL DISCLOSURE THAT IS MAINTAINED IN THE FOUNDATION OFFICE. THE BOARD SECRETARY IS RESPONSIBLE FOR OVERSEEING THAT THIS PROCESS IS ADEQUATELY FOLLOWED BY FOUNDATION STAFF. ALL NEW BOARD MEMBERS MUST COMPLETE AN ANNUAL DISCLOSURE UPON JOINING THE BOARD AS PART OF THEIR INTRODUCTORY PACKETS. IN ADDITION, BOARD AGENDAS NOW INCLUDE A STATEMENT REMINDING DIRECTORS THAT IT IS THEIR RESPONSIBILITY TO DISCLOSE ANY CONFLICTS THAT MIGHT ARISE GIVEN THE ITEMS LISTED IN THE AGENDA. In the instance of a potential conflict of interest, an interested person must fully disclose all material facts regarding his or her financial or ethical interest and must be given the opportunity to disclose this information to the staff and Board members considering the proposed transaction or arrangement. After full disclosure of the interest and all material facts relating to it, and after any discussion with the staff member or Board of Directors regarding the interest, the affected staff or Board member shall leave the Board or Committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining disinterested Board or Committee members shall decide if a conflict exists. If a Board member discloses an interest and the Board or one of its committees determines a conflict of interest exists, the following procedures shall be followed in regard to the transaction involving the conflict: a. The Interested Board member shall abstain from voting on the matter in which the conflict of interest exists. b. The Board President or Committee Chairperson may, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. After exercising due diligence, the Board of Directors or appropriate committee shall determine whether the Foundation can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. If a more advantageous transaction or arrangement is not reasonably possible, the Board of Directors or appropriate committee shall determine by a majority vote of the disinterested Board Members whether the transaction or arrangement involving the conflict of interest is just and reasonable and in the Foundation's best interest. In conformity with the above determination, it shall make its decision as to whether to enter into the transaction or arrangement.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public through the organization's website and upon request to the foundation office.”

“Columbia College Foundation (the "Foundation") serves to support and enhance the educational excellence of Columbia College. The Foundation provides the community the opportunity to assist and invest in the development of comprehensive educational resources at Columbia College. Columbia College is a part of the Yosemite Community College District (the "District"), and provides higher education instruction in the surrounding area. Although there is a relationship between the Foundation and the District, the relationship does not formally meet the formal definition of related organization.”