Srcf Supporting Organization

“The sole designator of the organization is sacramento region community foundation.”

“The sole designator, sacramento region community foundation, elects the organization's board of directors.”

“The sole designator must approve amendments to the organization's governing documents and significant transactions.”

“Form 990 is prepared by a firm of certified public accountants and reviewed by management prior to filing.”

“Form 990, part vi, section b, line 12c:conflict of interest disclosure forms are completed by all board members and volunteers annually. Covered persons are made aware of any conflicts of interest and monitor gift, grant and vendor payables activity throughout the year for any receipts or disbursements which may create conflicts of interests or would be otherwise prohibited. In conducting the affairs of the organization, duality or conflict of interest shall be presumed when a person to whom this policy applies or a member of his or her immediate family serves as a treasurer, officer, staff member or holder of more than ten percent of corporate stock of an affected organization or firm, has a formal affiliation or interest in an affected organization or firm, or could expect financial gain or loss from a particular decision. Before a board or volunteer committee member begins his or her service with the foundation, he/she shall file with the ceo of the organization a list of his or her principal business activities, as well as involvement with other charitable and business organizations, vendors or any other affiliations that might produce a conflict of interest. That list will be updated annually.in addition to the disclosure required by the previous paragraph, each member is under an obligation to the organization, to his or her fellow staff or volunteers, and to the community served by the organization to inform the organization of any position he or she holds or of any business or a vocational activity that may result in a possible conflict of interest or bias for or against a particular grantee, action or policy, at the time such grant, action or policy is under consideration by the board or any volunteer committee of the organization. Any duality or possible conflict of interest on the part of any member shall be disclosed to the chair of the board, in the case of volunteers, or the ceo, and made a matter of record as soon as the issue in question is raised and a possible conflict is known. When the board or committee is to decide upon an issue about which a member has an unavoidable conflict of interest, that member shall physically absent herself or himself without comment from not only the vote, but also from the deliberation, unless directly requested by the chair of the board or relevant committee to provide factual information or answer factual questions that may assist the board or committee in making a wise decision. In no case shall that member vote on such matter or attempt to exert personal influence in connection therewith. Disclosure and abstention shall be recorded in the minutes of the meetings at which the issue is discussed and decided. In any situation not specifically covered by the previous sections of this policy, members shall consider carefully any potential conflict of their personal interests with the interests of the organization and refrain from any action that might be perceived as an actual or apparent conflict of interest.”

“The governing documents & conflict of interest policy are made available by written request to the organization. The audited financial statements are posted on the sacramento region community foundation's website.”