Community Foundation Donor Directed Fund

“A limited number of unrelated current and former directors have business relationships with each other, such as serving on common boards and having ownership interests in the same business entities. With the exception of standard business accounts held at local banks, none of the entities through which these directors have business relationships engaged in any transactions with the organization.”

“The organization's vice president works closely with the cfjh auditors to prepare both the cfjh form 990 and the organization's form 990. The vice president and the cfjh audit committee subsequently review the organization's final draft for accuracy and completeness. Prior to filing the form 990, the vice president provides a copy to the directors. To facilitate its review, the vice president walks through the form 990 final draft at a board meeting, highlighting any items of note or changes from the prior year and addressing any questions that arise.”

“The organization utilizes officers and employees of the cfjh, and accordingly all cfjh policies and procedures are followed. As part of cfjh policies and procedures all organization staff, directors and committee members complete a conflict of interest policy & disclosure form annually. The form includes a copy of the conflict of interest policy and form for disclosing any potential conflicts. The forms are collected and reviewed by the organization's vice president. Potential staff conflicts must be approved by the organization's executive committee. Board members and committee members self regulate and monitor each other, along with staff input. Any individuals with a conflict of interest are prohibited from participating in deliberation and voting. Indviduals with conflicts recuse themselves when necessary, with such action noted in meeting minutes.”

“The organization utilizes officers and employees of the cfjh, and accordingly all cfjh policies and procedures are followed. As part of cfjh policies and procedures the cfjh president's performance and compensation are reviewed at least annually by the cfjh compensation committee. Compensation is based upon the cfjh approved compensation philosophy and includes a review of the council on foundation's annual salary survey, the most recent nonprofit salary survey for jackson hole, and current knowledge of compensation levels for leaders of other local nonprofits. The achievement of agreement upon goals for the prior year, both quantitative and qualitative in nature driven by our long-range plan, is also taken into consideration. The compensation committee recommends any merit bonus for the prior year and compensation for the coming year to the executive committee for approval. All board members have an opportunity to review and discuss the executive committee's compensation recommendations during board meeting executive sessions. Compensation for the vice president is determined and approved by the president using a similar format.”

“The organization's form 990 is available upon request from the organization and on guidestar. Its availability is noted on the cfjh website and in the cfjh annual report. The cfjh consolidated audited financial statements are available upon request and are posted on the cfjh website. The governing documents, form 1023 and conflict of interest and other board approved policies for the organization are also available upon request.”

“The organization's board of directors delegates authority to the executive committee to act on its behalf. The executive committee is comprised of six to eight board members elected annually by the board to serve as board officers. In practice, the full board votes on all matters the executive committee determines to be controversial or financially material to the organization.”

“As a type i supporting organization of the community foundation of jackson hole, the donor directed fund's operations are governed by the community foundation of jackson hole's policies and fully administered by its staff. The donor directed fund is audited as a component of the consolidated financial statements of the community foundation of jackson hole and its supporting organization, and stand alone financial statements are not issued.”