Collier Community Foundation Inc.

“Per the community foundation's by-laws, in the interval between board meetings, the executive committee has and may exercise all the powers of the board except that it cannot adopt, amend or repeal the by-laws or fill vacancies on the board or any committee. All actions by the executive committee are reported to the board at the meeting following such action. During the 2023 fiscal year, this committee had 5 members.”

“The audit committee reviews the form 990 with staff from both the foundation and the auditing firm before it is presented to the board. The foundation's auditor then reviews the form 990 and related documents with the board before the form 990 is filed with the irs.”

“The community foundation has governance and ethics policies that include confidentiality, conflict of interest and whistleblower policies. Annually, each board member is required to disclose potential and actual conflicts of interest as well as sign off that they understand and will adhere to these polices. The foundation's governance committee handles all ethics, confidentiality, whistleblowers and conflict of interest complaints and shares these investigations with the full board. Board members with any conflict must recuse themselves from voting on grants to any related party identified to be a conflict. Any board member with a conflict with any investment firm that the foundation retains cannot vote on any matters related to that firm or be a member of the investment committee.”

“The community foundation of collier county's executive committee is charged with the role of the compensation committee. The committee is responsible for the annual evaluation and compensation of the president and ceo. The committee uses the evaluation process along with third party salary surveys such as the council on foundation's grantmaker's salary survey to determine appropriate compensation levels. In addition, the committee reviews executive compensation reported on irs form 990 of other area nonprofits. The executive committee uses the performance evaluations to determine the achievement level of bonus payments. The executive committee determines the salary of the ceo based on third party salary surveys. A formal evaluation was completed in june 2023. Compensation of key employees is determined by the president & ceo after a review of their performance and accomplishments, a review of comparable compensation data obtained from independent resources and an analysis of budget limitations.”

“The financial statements are available on the organization's website and the governing documents and conflict of interest policy are avilable by request during business hours.”

“Donor services the foundation currently manages over 750 funds established by charitable individuals, corporations and organizations. These funds provide both donor directed grants and grants that address the community's needs and issues. These funds include, among others, donor advised funds, field of interest funds, scholarship funds, designated funds and nonprofit agency funds. Fund assets are managed professionally with oversight from an investment advisory committee to sustain grantmaking and community leadership into the future. Our team of philanthropic experts can provide information on the many nonprofits located in collier county. We also maintain an online directory of nonprofits that provide services to the citizens of collier county. This directory assists donors in identifying the organizations they might be interested in supporting. The foundation also provides customized community needs reporting to our fund holders and research to assure that all beneficiaries are qualified charities as recognized by the internal revenue service. We coordinate all acknowledgments for the funds and document all grants. Services also include providing detailed grant evaluations, quarterly fund statements of all activities of the fund, including grantmaking, contributions and investment return. If the donor desires, the foundation provides on-line fund management through our donorcentral program. Finally, the foundation provides planned giving services to our donors and can help guide them through the process in order to ensure their philanthropic legacy. The foundation is committed to providing excellent services to all of our donors.”

“Community grantmaking the community foundation of collier county is accredited by and complies with the national standards for u.s. Community foundations. These standards represent a community foundation's commitment to going above and beyond federal and state requirements to demonstrate accountability and excellence to communities, policymakers, and the public. In its grantmaking, the foundation operates a broad grants program to multiple nonprofit grantees. The foundation awards some grants from its discretionary resources through an open, competitive process that addresses the changing needs of the community. In fy22 the grantmaking focus areas were: arts & environment, education & employment, healthcare & mental health, human services, and capacity-building grants for small nonprofits. Grants were also made to nonprofits for covid-19 relief. In order to create a positive impact, the foundation selects its focus areas and grantees based on community needs and gaps in services as identified by the data contained in an annual vital signs report and the community needs assessment. Moreover, the foundation strives to mobilize community resources by engaging donors and other funders to co-invest in the grant and/or scholarship process. The grantmaking program includes over 60 scholarship opportunities to support students of all ages. The foundation performs due diligence to ensure that grants are used for intended purposes and to assess the impact of its grantmaking.”

“Women's foundation of collier county fund the women's foundation of collier county (wfcc) has over $1.3 million in net assets at the community foundation of collier county. The mission of the women's foundation of collier county is to alleviate unmet needs and empower women and girls in collier county. Started in 1996, the women's foundation grants are primarily focused on disadvantaged girls, women as caregivers and at-risk senior women. In fy22, programs consisted of: the power of the purse event, the junior women of initiative mentoring program, and the wfcc grantmaking program.”

“Change in value of beneficial interest -212. Change in value of split interest & annuity obligaiton 35,715.”