North Carolina Community Foundation Inc.

“The form 990 is reviewed and approved by the executive committee prior to filing. A complete copy is made available to the board.”

“Officers, trustees and key employees are required at least annually to disclose interests that could give rise to conflicts. Individuals covered under the conflict of interest policy are required to sign an annual disclosure statement. The foundation also provides a checklist to help identify real or potential conflicts. Documentation is maintained of actual and potential conflicts. In the event a conflict arises during the year, the foundation's conflict of interest policy requires that the individual not participate in deliberations and decisions regarding the transaction and abstain from voting. In some circumstances, the individual may be asked to leave the room when the matter is being discussed. The conflict is documented in the minutes of the foundation.”

“The foundation's independent executive committee reviews comparability data for the ceo annually. The decision on the amount of compensation is documented contemporaneously in the meeting minutes of the foundation. The comparability data is obtained from executive compensation amounts reported on the irs 990's and nonprofit sector compensation surveys of similar sized foundations. In addition the compensation for all employees are annually reviewed based on those compensation surveys.”

“The foundation makes its governing documents, conflict of interest policy, and audited financial statements available to the public immediately upon request through the foundation's office. Summarized financial statements are in the annual report which is widely distributed to the public via mailings and is available on the foundation's website at www.nccommunityfoundation.org.”

“Purpose statement and program service accomplishments who we are: the nccf is the single statewide community foundation serving north carolina and was created in 1988 to build capacity through philanthropy. The nccf administers nearly 1,300 component funds established to provide long-term support of a broad range of our donors' philanthropic goals, including community needs, nonprofit organizations and scholarships across north carolina, with an emphasis on underserved areas. An important component of the nccf's mission is to ensure that rural philanthropy has a voice at local, regional and national levels. For more information, visit nccommunityfoundation.org. Nccf mission: our mission is to inspire north carolinians to make lasting and meaningful contributions to their communities. We succeed through a unique statewide network of affiliates that leverages the collective power of local leadership to effect meaningful change throughout north carolina. We build partnerships to strengthen our state through measurable, sustainable strategies that benefit all citizens. Our commitment to excellence supports stewardship through our transparency, integrity and accountability. What we do: for donors: during our fiscal year ending march 31, 2020, donors gave over $57 million to the nccf to help carry out their charitable goals and intentions. The nccf offers its donors many vehicles to help them achieve their charitable objectives, including: unrestricted funds scholarship funds field of interest funds designated funds donor-advised funds named funds organizational endowment funds corporate funds nccf operating funds methods of giving can include cash gifts, securities, real estate, testamentary gifts, life insurance and charitable remainder or lead trusts. By pooling funds and leveraging the power of aggregate fund administration, the nccf enables donors to maximize the impact of their gifts and ensures permanent resources for specific charities and causes. The nccf also helps to ensure that local dollars stay local. Additional benefits to nccf donors include: choice permanence tax deductions security public accountability commemoration simplicity and convenience value for communities: as of march 31, 2020, the nccf partnered with 57 affiliate foundations to provide resources for local needs across the state. These community affiliates are able to utilize the legal entity and administrative infrastructure of the statewide nccf. Community affiliates are comprised of local advisory board members whose primary roles are to inspire local philanthropy, conduct grantmaking, and serve as catalysts and conveners for pressing community needs. The nccf provides staff support, technical assistance, record-keeping and database management as well as expertise in the areas of investments, legal matters, boardsmanship, community leadership, marketing and public relations. Sponsored programs: women in philanthropy: through the establishment of giving groups and networks, women in communities across the state can direct their charitable interests in focused, purposeful and strategic ways. Like volunteerism, philanthropy is a collective endeavor. However, because these funds are more strategic in approach, they allow members to address issues and problems at the source. The nccf continues its long history of supporting women as philanthropists and has worked to establish women's giving groups to serve communities throughout the state while continuing to the build the statewide women's fund of north carolina. North carolina network of grantmakers: the north carolina network of grantmakers is a membership organization of foundations, corporate-giving programs and donor-advised funds that grant to north carolina charitable causes. The network's primary purposes are to serve as a forum for sharing information, lessons learned and experiences; and to facilitate cooperation and collaboration among north carolina grantmakers. The network helps north carolina”

“Unrealized gain(loss) - csv 32,820. Change in value split interest 282,734.”