Destination Home Sv Co Silicon Valley Community Foundation

“The employees of silicon valley community foundation, the supported exempt organization, performed the day to day operations of destination: home sv. The community foundation was reimbursed for these services.”

“There are three classes of directors known as the SVCF directors, Ex Officio directors, and the elected directors. The SVCF directors are appointed by the designator.”

“There are no other committees than the governing board.”

“The form 990 is placed on a secured website or sent by email for the governing body to review and comment prior to 990 filing. Review is verified by email.”

“In connection with any actual or possible conflict of interest, an interested person must disclose to the governing board on an annual basis through the "990 and Conflict of Interest" questionnaire and upon discovery of a potential conflict within 30 days. Via the questionnaires, provided by the General Counsel, the interested person must disclose a list of offices and directorships he or she holds in charitable and business organizations and to identify his or her place of employment or principal business activity as well as the organizations, corporations and other businesses with which each person and his or her spouse or other relative may be affiliated. After disclosure by the interested person of all related financial interests and all related material facts, the board will discuss and make a determination if a conflict of interest exists. In the event the organization is considering a procurement of services from an organization in which an interested person is an officer, director, or is employed, the interested person shall so inform the governing board of the conflict. The interested person may be present during the deliberation to answer questions, but must recuse himself/herself from voting on the procurement.”

“The compensation of the top management official for Destination: Home SV is determined using the same process as its supported organization, Silicon Valley Community Foundation (SVCF). SVCF's process is as follows: The Talent and Culture committee of the Board of Directors of Silicon Valley Community Foundation exercises complete oversight of executive compensation and ultimately approves compensation for top foundation executives. As such, over the last two fiscal years, the Board engaged with executive search firms to identify the current CEO and CFO. As part of the search process, these third-party consultants provided independent compensation studies of salaries of comparable positions of similar complexity at comparable organizations. All discussions and decisions related to executive compensation are recorded in a timely manner in meeting minutes of the Board of Directors, signed by the corporate secretary. The Board of Directors completes a performance review for the CEO annually, which includes a review of compensation and votes to make any adjustments. Performance reviews are documented in writing.”

“The compensation of the other officers for Destination: Home SV is determined using the same process as its supported organization, SVCF. SVCF's process is as follows: The Talent and Culture committee of the Board of Directors of Silicon Valley Community Foundation exercises oversight of compensation for key employees. The independent Board of Directors approves compensation as a component of annual budget. The foundation engages independent, third-party consultants to conduct a compensation study periodically which evaluates data regarding best practices for recruitment, retention, compensation and other incentives. The study includes market rate comparables for comparable positions across other similarly situated community foundations and private foundations. All discussion and decisions related to employee compensation are recorded in a timely manner in meeting minutes of the Talent and Culture committee, signed by its committee chair. All employees are subject to a performance review annually. Performance reviews are documented in writing.”

“The audited financial statements and governing/organizing documents can be reviewed in the office or provided electronically via an emailed link to the document in box, a secure online content management system, upon request. The conflict of interest policy is not made available to the public.”

“Present Value Adjustments for Grants - -50861; Total - -50861;”