Community Foundation for the Fox Valley Region Inc.

“The organization has 12 to 22 members. The term of each member shall be three years. At each annual meeting of the members, the members elect one-third of the members. Members affirm the election of the board of directors and approve significant decisions of the board. Members do not share in the income of the organization or the net assets upon the organization's dissolution.”

“Election of the board of directors is affirmed by vote of a majority of the members present and voting.”

“Members approve significant decisions of the board of directors such as amendments to the bylaws and articles of incorporation.”

“The chairperson of the audit and budget committee/treasurer and the vice president of finance will review for reasonableness and approve the filing of the form 990 and the wisconsin annual report on an annual basis. The entire audit and budget committee will review and approve for filing annually. The form 990 is distributed to the entire board of directors prior to filing.”

“On an annual basis, directors and employees are required to complete a conflict of interest questionnaire describing their relationships and their family relationships with other entities doing business with the community foundation and all related orgainizations. If votes are taken relating to any of these entities, board members with disclosed relationships are automatically treated as having abstained from the voting. A community foundation granting committee can not approve a grant to an organization that employs a family member of anyone on the granting committee.”

“The executive committee of the board of directors is responsible for reviewing the performance of the president/ceo and setting his/her compensation on an annual basis. The president/ceo is responsible for reviewing performance and setting compensation for the other officers of the foundation. The executive committee is responsible for approving the total amount of compensation for the entire foundation staff to be included in the annual budget. The council on foundations conducts an annual salary survey defining salary ranges for specific staff positions. The community foundation uses this data to determine compensation for officers. The goal of the foundation is to pay at mid-point or above for comparable positions so as to retain talented employees. The executive committee approval is documented in their minutes and the total salary budget is approved by the board as part of the budget approval process. The vice president of finance & administration (who is responsible for payroll administration) is notified of the new compensation for the president/ceo directly by the board chairperson each year.”

“Requests for the following documents can be sent to: executive assistant community foundation for the fox valley region, inc. 4455 w. Lawrence st. Appleton, wi 54914 -application for recognition of exemption under section 501(c)(3)(form 1023) -irs determination letter -articles and by-laws -conflict of interest policy the community foundation for the fox valley region inc. (supported organization) publishes its consolidated audited financial statements, annual report and competitive grant guidelines on its website at www.cffoxvalley.org.”

“GRANT RETURNS 45,799.”