Telluride Foundation

“The foundation hires an independent accounting firm to prepare the federal form 990. Upon submission, the draft form 990 is reviewed and approved by the foundation's audit committee memebers and management staff. Once approved, the foundation emails a web link of the federal form 990 to each board member to view before the final copy is submitted to the internal revenue service.”

“On an annual basis, the foundation asks board members and staff to complete a disclosure form which requires them to identify any potential conflicts of interest. After full disclosure, the conflicted foundation associate may be present for discussion of the matter at his or her discretion. An associate shall be allowed to vote on the matter if the conflict is of the same degree as if the associate were a trustee or member of the board of directors of a corporation, which would be advantaged or disadvantaged by the outcome of foundation action or inaction. An associate shall not vote on the matter if the associate's personal financial interest would be advantaged or disadvantaged by foundation action or inaction. In the event there is a breach of this policy or allegation of a breach brought by a foundation associate, the matter shall be reviewed and considered by the executive committee. In its review of the matter, the executive committee shall decide what remedy, if any, is appropriate and which the foundation shall impose. Any party to the matter may appeal the decision of the executive committee to the board of directors, for review, consideration and final decision by the board of directors in a process to be determined by the board of directors, and which decision by the board of directors shall be final.”

“The foundation reviews the performance and determines compensation for the ceo based on an annual performance review survey which was completed by executive committee members, a review of the performance survey results with the ceo and members of the executive committee (including the board chair) and a compensation comparison based review on the industry wide council on foundation or colorado association of funders salary and benefits survey.”

“The foundation's governing documents, conflict of interest policy, federal form 990, and financial statements are available to the public on its website and/or upon request. The federal form 990 can also be found on guidestar to view previously filed federal form 990.”

“Other fees: program service expenses 1,788,253. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,788,253.”

“Telluride foundation po box 4222 telluride, co 81435 employer identification number: 84-1530768 for the year ending december 31, 2018 telluride foundation is making the de minimis safe harbor election under reg. Sec. 1.263(a)-1(f)”