Rose Community Foundation

“The Form 990, including all required schedules, is provided to the Board of Trustees (all of which are voting members) prior to being filed with the IRS. The Foundation asks the members to submit any questions or comments regarding the Form 990 by the date the return is to be filed. The Foundation's Form 990 is prepared by an independent CPA firm, and the Foundation conducts a thorough review of the return prior to being filed with the IRS. The CFO and staff perform a detail review of all amounts and disclosures in the return and then present an overview of the return to the President & CEO and the Audit Committee. The return will be amended if any changes are deemed necessary as a result of this process.”

“A detailed, written description of each conflict of interest and the procedures followed to clear the conflict are provided annually to the Audit Committee for review. On an annual basis, the Audit Committee makes a report to the Board of Trustees with respect to all the current and material actual or potential conflicts of interest known to them and of any actions that have been taken or that they recommend be taken to ensure compliance with this policy.”

“On an annual basis, Chair of the Board of Trustees presents his/her assessment of the President & CEO's performance as compared to the goals and objectives that were established at the beginning of the year. Based on the conclusions of this assessment, along with comparative salary information on both a local and national level from both formal and informal surveys, the Board Chair recommends a salary level to be taken to the Board of Trustees for approval. This practice was updated in 2019. Other officers are generally budgeted at 3% along with all other salaries and then determined by the CEO by evaluating performance as compared to the goals and objectives that were established at the beginning of the year.”

“The Foundation's Conflict of Interest Policy, 990, and financial statements are available upon request as well as posted on the Foundation's website at www.rcfdenver.org.”

“In 2018, the board of trustees of Rose Foundation approved a plan to merge with its operating entity, Rose Community Foundation with Rose Community Foundation as the surviving entity. The merger was been approved by the IRS on December 4, 2018 and a Statement of Merger was filed with the Secretary. On December 31, 2018, a terminating distribution of all of the assets of Rose Foundation transferred to Rose Community Foundation, together with an acceptance by Rose Community Foundation of those assets and an assumption of specified liabilities (e.g., multi-year grant obligations) of Rose Foundation, followed by the dissolution of Rose Foundation. The transfer is reflected on the 990 as an extraordinary decrease in contributions and revenue from the prior year.”

“In January 2020, Rose Community Foundation released a new strategic plan that will chart our path forward. Along with continued grantmaking in the region's Jewish community, the Foundation will dedicate funds to achieving the following three goals: 1. Advancing equity and justice 2. Fostering an inclusive and engaged Greater Denver 3. Increasing resources dedicated to strengthening the region We will lean into the unique roles afforded to us as a community foundation: our ability to support donor philanthropy and be a catalyst to grow the charitable resources dedicated to strengthening our region, and the opportunity to support and leverage policy and advocacy work in pursuit of our mission. In addition to the impact goals above, the plan also includes four organizational goals that will position us to implement the work. Our refreshed mission, vision and values statements further clarify our inspirations and aspirations in serving the community: Mission: To advance inclusive, engaged and equitable Greater Denver communities through values-driven philanthropy Vision: A thriving region strengthened by its diversity and generosity Values: Justice, equity, diversity & inclusion, empathy, generosity, transformation through collaboration and community”

“Agency Contributions -8,722,944. Agency Distributions and Expenses 7,874,169.”