Bonfils Blood Center Foundation

“Trustees of the bbcf board are appointed/elected by the board of trustees of bbmbc.”

“As the sole corporate member, bbmbc reserves the right of final approval for a limited number of activities as defined in the bylaws.”

“The form 990 was prepared by an independent accounting firm using information provided by the finance team. Members of management review the form 990 and any comments are considered prior to filing the form 990 with the irs.”

“The conflict of interest policy is collected annually from all officers, directors and senior management of the organization. A summary of all responses is created and reviewed by the board of trustees. Each meeting of the board of trustees is started with a request for any updates and/or changes to any individual's policy with regard to conflicts. This is then documented in the meeting minutes.”

“Bbcf has no employees. The supporting staff is employed by bbmbc and any executive compensation is reviewed as follows: an executive compensation packet is presented to the audit/finance committee as part of the annual budget review/approval process. Benchmarking compensation data is provided from the local employment council, national surveys of the blood banking industry and other compensation sources. Data includes annual compensation and proposed merit increases and is documented in the files of the organization. Upon review of the data, the committee carries recommendations to the full board of trustees for review and approval. The packet is kept on file for future reference for the ceo position. An annual performance and compensation review is conducted by a sub-committee with their recommendations ultimately voted upon by the entire board in executive session. This process was last completed in 2015.”

“Bbcf's governing documents, conflict of interest policy and financial statements are not available to the public.”

“Bonfils blood center foundation (bbcf) was fortunate to work with 20 volunteers over the course of 2016. Form 990, part iii, line 3 operationally bonfils blood center foundation ceased 12/31/16 and transferred the majority of its assets to community first foundation with the purpose of creating a donor advised fund to provide long term support to bonfils blood center, a division of blood systems, inc. Any remaining activity in 2017 is to wind down the entity. Form 990, part iii, line 4a bonfils blood center foundation (bbcf) provides philanthropic financial support to belle bonfils memorial blood center (bbmbc). Unless earmarked for a specific program or project, monetary donations provide overall support to bbmbc. In 2016, bbcf contributed $220,805 to bbmbc. Bbcf provided funding for building improvements, vehicles, extended blood typing, job training, equipment and general operating support. In preparation for closing the foundation, bbcf made an irrevocable gift of $4,990,673 to community first foundation for the bonfils blood center donor advised fund. The purpose of the fund is to support the lifesaving operations and programs of bonfils blood center, a division within blood systems, inc.”

“Bbcf does not have any direct employees. All compensation is paid and determined by belle bonfils memorial blood center (bbmbc), a related non-profit organization.”

“Bbmbc is the sole corporate member of bbcf.”

“Adjustment allowance for uncollectible pledges $(13,375)”