Morris Community Foundation DBA Community Foundation of Grundy County

“The Foundation's audit report and Form 990 are reviewed by the Audit Committee of the Bourd of Directors, before filing.”

“Each year after the Foundation's annual meeting, at which the Board of Directors elects and re-elects members, conflict of interest disclosure statements are distributed and signed by Board members. The statements are then kept on file in the Foundation's office.”

“Before the Executive Director's annual review, the Executive Committee of the Board meets to review the salaries of comparable CEO's in the area, as well as to review an annual CEO compensation survey produced by the Council on Foundations. These reviews are used as guidance to determine the salary for the Executive Director for the coming year.”

“In 2014, the Council on Foundations confirmed that the Morris Community Foundation has met the requirements for the Council's national standards and has permission to use the phrase "confirmed in compliance with the Council on Foundation's National Standards" in its marketing materials. In order to be confirmed as "in compliance" the Morris Community Foundation adopted, implemented, and proved existence of a variety of policies, procedures, documents, and actions to assure that the Foundation operates in a transparent, public, charitable, and impartial manner.Documents, policies, procedures, and proof of actions that were submitted to the Council on Foundations for national standards compliance include, but are not limited to:-Bylaws-Articles of Incorporation-Public policy on availability of 990, audit, and other documents-Nomination process for Board of Directors-Governing Board affiliations and diversity-Mission statement-Annual budget, Form 990, audit report, and annual report-Conflict of interest policy, Board signature sheets, and disclosure-Corporate minutes-Policies *Investment Policy *Conflict of Interest Policy, including disclosure forms and Board signatures *Gift Acceptance Policy *Confidentiality Policy *Due Diligence Policy-Investment performance review-CEO job description and performance review-Marketing materials-Disclosure documents-Sample fund agreements, including sample Donor-Advised Funds agreements-Gift Acknowledgement procedure and sample letter-Policy to assure that donor intent is met-Evidence of fund statements-List of funds-Grant guidelines and proof of dissemination-List of recent grants-Proof of donor education-Proof of donor participation-List of community issues and actions undertaken by the Foundation”

“Investment fees netted with revenue = -$35123”