Philanthrofund Foundation Inc

“The Treasurer and the executive committee are empowered to review and approve the 990 if the full Board cannot due to timing in regards to the filing date. The Board Chair and Executive Director or other designated signatories sign the 990. The 990 form is then circulated electronically to the full board prior to filing.”

“Each pfund director and staff member shall annually complete a disclosure form identifying any relationships, positions or circumstances in which the pfund person in involved that he or she believes could contribute to a conflict of interest. Detailed procedures for monitoring and enforcing the conflict of interest policy are in the written policy.”

“Pfund foundation conducts performance reviews annually. A performance review does not necessarily imply an increase in pay. Pfund foundation is committed in principle to paying market wages insofar as possible. Due to the size and non-profit status of the organization, this may not always be possible. In compensating employees, pfund will consider the following: 1. The employee's relevant education and experience; 2. The employee's on-the-job performance; 3. The compensation of other employees with similar qualifications; 4. The compensation paid by other organizations to employees with the same position and similar qualifications; 5. The employee's overall contribution to the organization; and 6. Pfund foundation's ability to pay. Compensation and benefit reviews happen annually. The executive director shall have sole discretion in determining employee compensation. The executive director's salary and benefits are determined by the board executive committee.”

“Pfund foundation is committed in principle to paying market wages insofar as possible. In compensating employees, pfund will consider the following: 1. The employee's relevant education and experience; 2. The employee's on-the-job performance; 3. The compensation of other employees with similar qualifications; 4. The compensation paid by other organizations to employees with the same position and similar qualifications; 5. The employee's overall contribution tot he organization; and 6. Pfund foundation's ability to pay. The executive director shall have sole discretion in determining employee compensation. The executive director's salary and benefits are determined by the board executive committee.”

“The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request. The foundation's annual financial statements are also posted on the foundation's website, www.pfundFOUNDATION.org.”

“At the end of fiscal year 2017 we began outreach efforts to fund a multi-year initiative we are calling the Better OUTcomes Initiative. This is a concentrated effort to improve the cultural competency and grantmaking of MN-based funders when it comes to supporting LGBTQ people and issues. Through a concerted education campaign we will convene key stakeholders and decision-makers in philanthropy, inviting them to learn more about the issues, opportunities and challenges ripe for funding here in the upper Midwest. We received our first institutional grants to support this new initiative on the cusp of our 2017 fiscal year turning into our 2018 fiscal year (summer of 2017).”