Heifer International Foundation

“Hiefer international foundation's (foundation) bylaws were amended to: 1) modify the composition of the foundation's board of trustees. One member of the board of trustees shall automatically be the chair or a member of the executive committee of the board of heifer project international (hpi trustee). Previously, there were two hpi trustees. 2) add an investment committee, nominating committee, audit committee, and governance committee. 3) add conflict of interest language specific to the board of trustees. 4) add treasurer as an officer of the foundation.”

“Heifer international foundation's (foundation) mission is to raise and oversee financial assets to support the work of heifer project international (hpi), an unrelated 501(c)(3) public charity. The foundation's board of trustees shall consist of 9 members - one of which shall automatically be the chair of hpi's board of directors or member of their executive committee.”

“Heifer international foundation distributes a draft copy of the form 990 to a committee of trustees for review prior to filing. After review by the committee, the form 990 is then distributed to the full board of trustees prior to filing.”

“Heifer international foundation's board of trustees operates within a policy governance model with effective written governance and monitoring systems in place regarding the board of trustee's code of conduct, which includes specific conflict of interest statements. Each member of the board of trustees is required to complete, sign and submit a code of conduct form annually in which they indicate compliance with specific conflict of interest statements. These forms are submitted to the board liaison, at the annual meeting of the board of trustees and issues of non-compliance are reported to the board chair. In addition, a report to the full board is included in the monitoring reports regarding compliance by individual trustees and the board as a whole. Matters of concern regarding an individual's non-compliance and/or conflict of interest are addressed by the board chair and brought before the full board when appropriate.”

“Heifer international foundation (foundation) uses an independent compensation consultant for the salary review process. The independent compensation consultant evaluates each position based on the specific job functions. The consultant conducts a market analysis using data from a sample of other similar roles and organizations. From this analysis, the consultant establishes compensation ranges for each position. The foundation uses these compensation ranges, combined with factors such as employee skill level and history with the organization, to set annual compensation. The board of trustees separately conducts an annual evaluation of the chief executive officer (ceo). Based on performance and salary recommendations obtained from the procedures described above, the board determines the appropriate salary for the ceo and contemporaneously documents its deliberations. This process was last completed in 2025.”

“The irs form 990, annual audited financial statements, and an annual report are available at www.heiferfoundation.org. Other governance information is available upon request either in person, by phone call to (833) 904-4483, email request at [email protected], or by written request.”

“DBA: HEIFER FOUNDATION”

“Change in value of split interest obligations -303,115.”

“Heifer international foundation has maintained the same processes from previous years in relation to the oversight of the audit of the financial statements by an independent accountant.”