St David'S Foundation Community Fund

“Rodney bond and barbara porter, independent directors on the board of the reporting organization, both serve as directors on the board of a related organization, st. David's foundation impact fund gp, llc.”

“The sole member of the reporting organization, st. David's foundation, has the right to elect members of the governing body and to approve some decisions of that body.”

“All positions on the board of directors of the reporting organization must be filled by its sole member, st. David's foundation. The board of directors of the reporting organization may not elect or appoint, whether periodically or when vacancies arise, any members of its governing body.”

“The authority of the board of directors of the reporting organization is limited with respect to the following actions, each of which may be taken only with prior written approval of the organization's sole member, st. David's foundation: 1) amendment or restatement of the organization's articles of incorporation or bylaws; 2) merger, consolidation, or dissolution of the organization or establishment of any subsidiary of the organization; 3) sale, conveyance, lease, exchange, pledge or mortgage of all or substantially all of the organization's assets; 4) sale, conveyance, lease, exchange, pledge or mortgage of any real property in which the organization has an interest; 5) sale, conveyance, lease, exchange, pledge or mortgage of any personal property in which the organization has an interest with a fair market value exceeding $100,000; 6) acquisition or purchase of any real or personal property for consideration with a fair market value exceeding $100,000, unless such acquisition was previously budgeted; 7) execution and delivery of any contract which requires the expenditure of the organization of more than $100,000 unless such expenditure was previously budgeted; 8) adoption of the annual budget of the organization; 9) establishment of or amendment to articles of incorporation or bylaws of any legal entity in which the organization is a partner, participant, joint venturer, controlling shareholder, or sole member, and subsidiary thereof; 10) guarantee of any debt of the organization; 11) selection of the independent accountant for the organization's annual audit.”

“Each board member receives a copy of the final form 990.”

“The reporting organization annually verifies compliance with the conflicts of interest policy. The individuals covered by this policy include the officers and directors. The persons covered by this policy are required to annually disclose or update on a form provided by the organization their interests that could give rise to conflicts of interest. For each interest disclosed, determination will be made whether to: (a) take no action; (b) assure full disclosure; (c) ask the person to recuse from participation in related discussions or decisions within the organization; or (d) ask the person to resign from his or her position in the organization or, if the person refuses to resign, become subject to possible removal in accordance with the organization's removal procedures.”

“To establish the compensation of the organization's top management officials, the reporting organization took its outside consultant's 2011 report and updated it with publicly available support data, including cost of living adjustments and comparable salaries for similar positions. Without participation of the officials under consideration, the board determined and approved compensation based on the updated 2011 consultant's report. This process was undertaken to determine 2014 compensation on december 10, 2013.”

“The reporting organization's governing documents and conflict of interest policy are available to the public upon request. Please contact jim ries at 512-879-6603.”

“The reporting organization's previous program service of providing grants to improve health and healthcare in central texas is now conducted by a related organization, st. David's foundation. The reporting organization's previous program of paying for discounted eye exams and eye glasses for low income central texans is now conducted by a related organization, st. David's foundation.”

“The reporting organization's financial statements were audited by an independent accountant as part of consolidated financial statements. The consolidated financial statements included st. David's foundation, st. David's community health foundation holdings, st. David's foundation community fund, st. David's community health foundation initiatives, st. David's foundation impact fund, lp and st. David's foundation impact fund gp, llc.”