Keweenaw Community Foundation

“990 is reviewed by the treasurer, board chairman, and executive director.”

“The conflict of interest policy applies to trustees, volunteer committee members, professional advisory council members and foundation staff. Questionnaires are completed annually describing business, association or organizational relationships as well as any actual or proposed business dealings with the foundation which could create a conflict of material interest or appearance of conflict. The board is responsible for reviewing potential conflicts, but anyone covered by the policy is required to disclose the existence of or potential conflict of interest with any transaction, refrain from personally influencing board action on such a transaction, and recuse themselves from discussion or decisions on the subject transaction.”

“The compensation policy of the foundation includes the review and approval by the board or compensation committee, use of data as to comparable compensation for similar positions and geographic area, and documentation of the executive director review and compensation decisions. The foundation follows a yearly review process for other staff members - none of which fall under the irs definition of "key employee".”

“All policies, governing documents, financial statements, and the form 990, are available to the public upon request.”

“The mission of the keweenaw community foundation is to promote philanthropy, develop and manage permanent endowments from a broad range of donors, and award charitable grants that enhance quality of life in the keweenaw.”

“Land, water, and quality of life through conservation, stewardship and education. 6,427 to little brothers friends of the elderly to assist in the support and companionship of area elderly through medical transportation, meal delivery, firewood, and holiday celebrations. 5,848 to the keweenaw heritage center at st. Anne's used to operate and maintain the historical site. 5,412 to the calumet theatre to assist with building maintenance and aide in providing diverse cultural and artistic opportunities while preserving the historic character of the theatre. Bernard f gaffney memorial scholarship is awarded to a graduating senior(s) at houghton high school. The scholarship is awarded to a student or students who demonstrate need, character, determination, and have a specific goal, the current year scholarships totaled 4,632. 4,000 faith lutheran church scholarships provided to chuch patrons in need of assistance to attend post secondary education.”

“Annual thanksgiving and christmas dinners for the elderly.”

“Unrestricted/pass through funds - 1,500 to state of michigan dnr gems program used to develop a series of intensively managed, walk-in access ruffed grouse hunting areas across the northern lower and upper peninsulas. 2,669 distributed for expenses associated with the annual camp 911 fundraiser. Camp 911 teaches children important lessons, including how to save lives through cpr and other techniques.”

“Change in value of split interest agreements -86,765 direct fundraising expenses 40,996 direct fundraising expenses -40,996 agency endowment expenses 0”