First Community Foundation Partnership of Pennsylvania

“During 2019, the by-laws of fcfp were changed as follows: article iii - directors, section 3.2 - election and term of service the terms of service shall be four (4) years beginning may 1 following the annual meeting at which they are elected. No director may serve more than twelve (12) years, except for the president & ceo, who shall be an ex officio director with vote and the chair of the board who may serve until the end of the current term as chair. Following at least a one (1) year break in service, a director may then be re-elected for up to three (3) four (4) year terms. All nominations and elections shall be made by the directors then in office. Article iii - regional advisory boards, section 7.3 - period of service the members of the regional advisory board shall be appointed by resolution of the board of directors. The terms of service shall be four (4) years beginning may 1 following the annual meeting at which they are elected. No regional advisory board member may serve more than eight (8) years. Following at least a one (1) year break in service, a person may then be reappointed to a regional advisory board for up to two (2) four (4) year terms.”

“The first community foundation partnership of pennsylvania's irs form 990 is sent to the board of directors electronically prior to sending it to the internal revenue service.”

“All of the board of directors, officers, employees and committee members and advisory board members are required to complete annually the conflict of interest disclosure statement. Those directors or advisory board members having affiliations with grantee organizations as shown on the current list of conflicts developed from the disclosure statements are noted as abstaining from voting on the grants to those organizations.”

“Process for president/ceo: the board chair and the chair of the governance committee of the first community foundation partnership of pennsylvania confirm the evaluation structure for the year. The president/ceo submits a self-evaluation. The full board and staff participate in a 360 evaluation. The chair of the governance committee presents a summary of the evaluation results to the executive committee. The executive committee reviews compensation salary data from the council on foundations and comparable positions in northcentral pa. The executive committee approves the president/ceo's salary. The board chair and the chair of the governance committee meet with the president/ceo to review the evaluation and salary changes. Process for officers: the president/ceo met with the officers to discuss overall job performance, programming details, and areas that needed to be worked on. The president/ceo reviewed the salary data compiled periodically by the council on foundations. The data was compared to the officer's current salary and benefits.”

“The foundation's conflict of interest policy is in the first community foundation partnership of pennsylvania's bylaws, article viii. The foundation's governing document, its bylaws and articles of incorporation are available on request to the foundation's president/ceo. The foundation distributes an annual report to interested persons which contain financial information.”

“Change in value of split-interest agreements 333,544. Contributions to agency endowments -173,495. Net investment income and gains on agency endowments -648,716. Distributions on agency endowments 200,553. Fees reported on agency endowments 29,169. Gain on beneficial interest in perpetual trusts 337,484. Contributions to split-interest agreements 195,000. Agency endowments investment management fees 12,131.”

“The process has not changed from the previous year.”