Santa Fe Community Foundation

“The independent accounting firm conducting the audit will prepare the form 990 based on the audit workpapers and additional form 990 schedules provided by the foundation staff. The independent accounting firm will review the line items of the form 990 with the finance committee to approve the form 990. Upon approval by the finance committee, a public inspection copy of the form 990 is shared with each board member before the form 990 is filed. The form 990 will then be filed with the internal revenue service and the state of new mexico.”

“The purpose of the santa fe community foundation (sfcf) conflict of interest policy is to ensure that the deliberations and the decisions of sfcf are made in the interests of the organization and protect the interests of sfcf. Sfcf's grant decisions and vendor contracts will be entered into without bias or favoritism on the part of any responsible person. The procedures set forth in the conflict of interest policy are designed to help responsible persons identify situations that present potential conflicts of interest and to provide sfcf with a procedure for independent review and, when appropriate, approval of a transaction in which a responsible person has or may have a conflict of interest. This policy is intended to supplement, but not replace any provision of the new mexico nonprofit corporations act, n.m.s.a. 1978 sections 53-8-1 et. Seq., as such laws shall be amended from time to time (the "act"). In the event that there is a conflict between this policy and the act, the provisions of the act shall control. The sfcf governance committee has the authority to administer and monitor compliance with this policy. The sfcf governance committee shall require a statement from each director, officer and committee member not less frequently than once a year setting forth all business and other affiliations which relate in any way to the business and other activities of the foundation. The sfcf governance committee shall periodically consider whether and how this policy should be revised or amended to better meet its objectives. In connection with any periodic review conducted by the foundation to ensure that it operates in a manner consistent with its charitable purposes, the sfcf governance committee shall report on the matters referred to it and their resolution. Each responsible person shall be required to review a copy of this policy and to acknowledge in writing that he or she has done so. Any such information regarding business interests of a responsible person or a family member shall be treated as confidential and shall generally be made available only to the president or appropriate committee chair except to the extent additional disclosure is necessary in connection with the implementation of this policy.”

“The santa fe community foundation board of directors leadership approves the compensation arrangements for the president and ceo. A dedicated ceo evaluation committee of the board is charged with the ceo performance review process throughout a 12-month period and then makes compensation arrangements accordingly. Compensation arrangements are initially grounded in the council on foundations annual salary survey aligning with ceo compensation benchmarks of other community foundations in similar assets-under-management category. The ceo evaluation committee has the discretion to consider other market factors when making a final determination on compensation arrangements. The organization maintains contemporaneous documentation of the decisions. This process is conducted annually. The president & ceo approves the final compensation arrangements for staff members of the santa fe community foundation. This process is informed by annual performance reviews structured by human resources and implemented by supervising managers. Compensation arrangements are grounded in the council on foundations annual salary survey aligning with staff position compensation benchmarks of other community foundations in similar assets-under-management category as a starting point. All foundation staff positions are categorized by job functions outlined within the council on foundations annual salary survey.”

“Governing/organizing documents are available upon request at the santa fe community foundation office. The conflict of interest policy is available at the santa fe community foundation office. All new board members must sign off on receipt of the policy. Yearly, all board members must sign off on the receipt of the policy. Yearly, all board members and key staff are to complete the questionnaire noted in the policy. The audited financial statements are available at the santa fe community foundation office. The audited financial statements and the public inspection copy of the form 990 are posted on the santa fe community foundation website.”

“Additionally, the foundation offers a comprehensive philanthropic platform to accomplish positive change in our communities that includes: - building and managing endowment funds, to award grants - helping nonprofits operate more effectively - convening area residents to discuss issues of critical importance to the community, and - providing leadership for key community initiatives out of reverence for this unique place we call home, the santa fe community foundation values: - equity: we recognize the systemic injustice in our community and commit to prioritzing equity and belonging in how we operate and the work we do. - perseverance: while responsive to immediate challenges, we stay committed to long-term strategies and investments that strengthen our region's capacity to navigate social, economic, and ecological change. - listening: as a trusted learning organization, we initiate and engage in authentic, respectful dialogue to understand, include, and respond to the rich diversity of voices and ideas in our region. - generosity: we strive to expand the understanding and practice of philanthropy and to engage the generosity of wealth, knowledge, and spirit of all people in northern new mexico. When community needs arise beyond our field of interest areas or geographic footprint, the foundation may respond with appropriate leadership efforts, programmatic activities, or investment initiatives.”

“Change in split interest agreements -4,098. Book tax difference agency fund adjustment -711,486. Adjustment for las vegas nm impact 110,433.”