Charities Aid Foundation America

“CAF America's subsidiary, Southampton Row Trust Limited (SRTL), contracts with Charities Aid Foundation (UK) for all day-to-day management activities. All management activities are carried out at the direction and under the supervision of the SRTL Board. CAF America's subsidiary, CAF Canada, contracts with CAF America for administrative and financial activities.”

“CAF America has three members. The members hold an annual meeting where the activities of CAF America and its board are reviewed. CAF Canada has two members including CAF America. SRTL has one shareholder, CAF America.”

“CAF America's members elect directors to the CAF America Board and also have the authority to ask directors to resign. CAF Canada's members elect directors to the CAF Canada Board and also have the authority to ask directors to resign. SRTL Directors may be appointed in accordance with the following provision: the shareholders may appoint a person who is willing to act as a Director for such term as they shall see fit, either to fill a vacancy or as an additional Director; or the Directors may appoint a person who is willing to act as a Director, either to fill a vacancy or as an additional Director for such term as they shall see fit.”

“As noted above, CAF America's members elect directors to the CAF America Board and also have the authority to ask directors to resign. CAF Canada's members elect directors to the CAF Canada Board and also have the authority to ask directors to resign. SRTL shareholders may appoint a person who is willing to act as a Director for such term as they shall see fit, either to fill a vacancy or as an additional Director.”

“A final draft of the Form 990 is circulated to the CAF America Board members before filing. Board members are given the opportunity to ask questions and make comments or recommend changes prior to filing.”

“Members of the Board of Directors and staff are required annually to sign a new conflict of interest disclosure form and list any potential conflicts of interest. All new staff members and consultants are also asked to sign a disclosure form at the start of employment or consultancy for CAF America. The CAF America CEO monitors compliance with the policy and reports to the Board President annually. SRTL and CAF Canada directors and consultants are required to sign a disclosure form at the beginning of their term of office or consultancy.”

“The Board of Directors conducts an annual review of compensation. This includes reviewing compensation surveys for public charities and foundations, comparing CEO compensation in similar sized organizations, in addition to conducting a performance review.”

“CAF America annually files its governing documents, audited financial statements and a list of Board and Trustees with all required States. CAF America's audited financial statements, conflict of interest policy, whistleblower policy, governing documents and IRS Form 990 are provided upon request and are available to view in the office.”

“SRTL maintains its accounting records in British pounds and CAF Canada maintains its records in Canadian dollars, which are their functional currencies. Amounts are translated into US dollars in consolidation. The effect of currency movements between years is reflected in other net assets in the Form 990.”