Paulding County Area Foundation

“Section b: question 12 - conflict of interest policy: while the organization does not have a formal written conflict of interest policy, the trustees are aware of the possibility of conflicts of interest and will only proceed if the potential conflicted transaction is deemed to be in the best interest of the foundation. This determination is made without the involvement of the individual(s) that might have the potential conflict.”

“The organization's code of regulations require it to have a minimum of 15 members and a maximum of 55 members. Nominees for membership in the corporation shall be considered based on the person's knowledge of the educational, cultural, civic, moral, public and other charitable needs of paulding county and on the basis of activity in or representation of public institutions, in the area which are concerned with charitable, educational, social welfare and/or natural resources. The purpose being to make the membership generally representative of the public interests in the needs of paulding county.”

“The members annually elect individuals to serve on the board of trustees”

“A copy of the form 990 was provided electronically to the trustees for review prior to filing. The review process involves the trustees reading the form data and narratives for reasonableness and asking questions of the outside accounting firm that prepares the form. This review process is to make the trustees familiar with the information inlcuded in the filing and to confirm reasonableness, not absolute accuracy.”

“Governing documents are available upon request from the organization's director.”

“The paulding county area foundation is dedicated to receiving, growing, and distributing gifts for the benefit of the people of paulding county, ohio. This is accomplished by grants provided to charitable and educational organizations located in or providing benefits to paulding county, ohio.”

“Unrealized losses on investments 11,365”