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 shareholder may appoint a person who is willing to act as a Director for such term as it 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's shareholder may appoint a person who is willing to act as a Director for such term as it shall see fit, either to fill a vacancy or as an additional Director. The SRTL shareholder may remove the Directors.”

“Form 990 is prepared internally by CAF America finance staff under the direction of the CFO. Upon review and acceptance of the draft Form 990 by the CEO, 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 and annually thereafter. 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 and annually thereafter.”

“The Board of Directors conducts an annual review of CEO 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, independently audited consolidated financial statements and a list of Board of 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 on the Form 990.”