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. 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 santa fe community foundation board of directors leadership approves the compensation arrangements for the president and ceo. Compensation arrangements are initially grounded in the council on foundations annual salary survey in conjunction with aligning with executive compensation benchmarks of other community foundations in similar assets-under-management and staffing levels. The ceo evaluation function of the executive committee has the discretion to consider other market factors when making a final determination on compensation arrangements. The organization maintains documentation of the decisions, and 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 implemented by supervising managers. Compensation arrangements are grounded in the council on foundations annual salary survey in conjunction with aligning with staff position compensation benchmarks of other community foundations in similar assets-under-management and staff levels as a starting point. All foundation staff positions are categorized by job functions outlined within the council on foundations annual salary survey wherever possible.”

“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. The audited financial statements and the public inspection copy of the form 990 are posted on the santa fe community foundation website.”

“Book tax difference agency fund adjustment 9,778. Change in split interest agreements -13,953.”