Buckner Foundation Inc

“Adoption of amended and restated bylaws: fundraising and related activities were a function of buckner foundation (bf) prior to 2016. Bf adopted amended and restated bylaws on july 14, 2016 which became effective on july 31, 2016. The new bylaws eliminate fundraising and related activities and state the purpose of the organization to include the following activities, all for the benefit of the supported organizations of buckner foundation: i) receive, hold in trust, manage, convey and dispose of property, both real and personal; ii) issue charitable gift annuities; iii) encourage the making of gifts and bequests; iv) hold, manage and invest endowment and other funds; and v) make periodic distributions.”

“The board of directors for buckner children & family services, buckner retirement services, and buckner adoption and maternity services (supported organizations of buckner foundation) each elect 1/3 of the board of trustees of buckner foundation.”

“The finance committee appoints a finance committee member, familiar with and qualified in accounting matters, to review and discuss the tax forms with staff. Upon approval of this review, the tax form is sent to the full board prior to the filing of the form.”

“Trustees and officers are required to submit a statement of disclosure upon appointment to the board and thereafter annually. The purpose of this statement is to provide a mechanism for the disclosure of any actual or potential conflict(s) of interest. Any actual or potential conflicts that arise between annual statement submissions are required to be communicated as soon as possible in writing to the general counsel. The conflict of interest policy (coi) is explained at the time of issuance for signature. The coi defines disqualified persons and potential conflicts. Any conflicts that arise are reviewed by the board outside of the presence of the individual(s) involved.”

“Compensation decisions for the executive jobs are based on relevant compensation survey data, evidenced jobholder performance and available resources. The chairman of the board of trustees of buckner international, a related entity, in consultation with the trustees is responsible for setting the compensation for the president/ceo job. The board chair coordinates with the human resources consultant to conduct a formal evaluation of the job performance of the president/ceo. The evaluation involves feedback from the president/ceo, his direct reports and the trustees. That data is reviewed by the board members and a report is reviewed with the president/ceo during his annual job performance evaluation meeting. This meeting occurs during the last 6 months of each year. For all other executive job holders, survey data is provided to the president/ceo for determining compensation.”

“Governing documents, conflict of interest policy, and financial statements are available for review by request. They may be reviewed at the corporate office or may be sent by mail.”

“Average hours and reportable compensation: compensation reflects total compensation paid by the organization and does not reflect payment for service as officers. Average hours per week are an estimate of the hours spent in the capacity of officer. David slover was employed by buckner foundation from january - march 2016 and then buckner international from april - july 2016. Therefore, he has compensation and hours in both entities.”

“Net transfers to related organizations -160,028.”