Amherst H Wilder Foundation

“The board of directors has an executive committee with authority to act on its behalf. It also has board committees that have been delegated specific responsibilities and authority to act on behalf of the full board. Committee authority to act is limited to those areas specifically delegated to them. Directors and non-directors are assigned to a committee based on their expertise and interest. The board chair recommends committee assignments to the full board for approval.”

“The form 990 is prepared by the foundation's auditors with assistance from financial services and corporate compliance staff, other departments may be called upon to provide additional information or assistance as required. Preparation of the form 990 begins after completion of the foundation's june 30 fiscal year-end audit. The controller reviews thoroughly, and provides copies of the draft to compliance director and cfo. The draft is then given to finance/investment/audit committee for their review/approval. Then to the full board for their approval.”

“It is the policy of the foundation to identify, address and actively manage issues of actual, potential and perceived conflicts of interest involving all trustees, officers, and employees. Covered individuals are required to complete, and update as needed, an annual conflict of interest disclosure form. Any potential conflict involving a member of board, corporate officer, senior management or key employee is reviewed by the chair of the board, the president and the compliance director. When an appearance of impropriety or actual conflict of interest exists, appropriate action is taken, which varies depending upon the particular facts. The individual involved in the conflict situation works cooperatively with the appropriate foundation personnel to achieve a resolution of the conflict issues in the best interests of the foundation. This may include removing the individual from a position of decision-making authority with respect to the conflict situation or other more serious actions, depending upon the nature of the conflict. If the conflict involves a contract or agreement being entered into, the conflict must be disclosed and the steps taken to address the conflict documented. This documentation is provided and kept on file in the corporate compliance department.”

“The executive committee set forth that the organization would obtain and use appropriate compensation data to set executive compensation levels that are aligned with the organization's mission and values. Annually, the finance, investment and audit committee of the board discusses results of a recent review of officer compensation related to fiscal year salary ranges. The ranges are determined by using comparable market data. Through this process, the pay range for the president/ceo position is determined and recommended by the finance, investment and audit committee of the board to the full board for approval. After the fiscal year base pay salary range is approved for the position the executive committee reviews the market salary analysis and recommends market pay movement for the president for approval by the board of directors. The president's performance review is also conducted annually in a separate process, reviewed by the executive committee, and approved by the board of directors. The process includes a clear determination of the performance objectives for the current fiscal year and a review and analysis of the performance objectives outcomes following the end of the fiscal year. The method used for determining the compensation levels for all officers of the organization, with the exception of the president, is subject to review by the finance, investment and audit committee and approval by the board of directors. In determining reasonable compensation, consideration is given to the amount ordinarily compensated for like services, by like enterprises (whether taxable or tax exempt), and under like circumstances. The process described here was last completed in 2025.”

“The foundation makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“Expanded the mental health clinic to a second location in april 2025. Wilder clinic east is the location's name.”

“Loss on interest rate swap adjustment -4,978. Pension additional minimum liability 898,102.”

“The process for oversight and selection of an independent accountant has not changed from the prior year.”