Sandia Foundation

“The organizing documents for the foundation require that 10% of their annual distribution be paid to albuquerque charities. The foundation has hired the albuquerque community foundation (acf) to oversee this effort. Acf receives and reviews grant applications from albuquerque charities and presents those that acf believes to be worthy recipients to the sandia foundation board. The board then selects the actual recipients from the recommendations presented by acf and determines the amount to be given to each of the selected organizations. Acf then handles the actual distribution of the grants to the individual organizations and monitors the recipients to insure that the grants are used for the purpose they were given.”

“The form 990 is reviewed in detail by the foundation's ceo/president and finance director. A copy of the form 990 is then given to each trustee for review.”

“The board and staff are required to read and sign a conflict of interest statement annually. They must identify any potential conflicts of interest of which they are aware at that time and acknowledge that they are responsible to immediately identify any conflict that comes up subsequent to that.”

“The board reviews the ceo/president's performance for the year and determines whether it was satisfactory and if the ceo/president is deserving of an increase in compensation. The board reviews compensation for similar organizations and positions with similar responsibilities to determine the appropriate compensation. The decision to increase compensation is recorded in the minutes. There is no documentation of the discussion and factors considered in the minutes.”

“The board does not currently compensate other officers or key employees.”

“Policies and audited financial statements are avaialable upon request.”

“Two form 8865 attachments were inadvertently not attached to the initial filing.”

“Generate income from real estate and securities investments and distribute funds to the foundation's beneficiaries. The distributions are to dickinson college, the univiersity of new mexico, and albuquerque charities per the will of hugh b. Woodward.”

“List of specific donations made via albuquerque commuity foundation during the year ended june 30, 2017: accion 5,000 albuquerque oasis 7,500 aps title i homeless project 10,000 boys & girls club of central nm 5,000 catholic charities 7,500 cnm foundation 10,000 manzano day school 5,000 menaul school 5,000 national dance institute 10,000 nm philharmonic 7,000 nm soccer foundation 5,000 prosperity works 5,000 wesst 10,000 working classroom 10,000 albuquerque healthcare for the homeless 10,000 arca 7,000 casa esperanza 5,000 children's grief center 10,000 nm appleseed 5,000 nm heart institute foundation 5,000 nm foundation for dental health 10,000 planned parenthood of the rocky mountains 5,000 presbyterian ear institute 5,000 rio grande food project 7,000 ronald mcdonald house 5,000 supportive housing coalition 10,000 the storehouse 10,000 assistance league 5,000 barrett house 10,000 cln kids 3,000 crossroads for women 6,000 enlace comunitario 6,300 new day youth and family services 10,000 nm center on law and poverty 7,500 nm child advocacy networks 7,000 nm legal aid 10,000 pegasus legal services for children 9,000 st. Martin's hospitality 7,500 the rock at noon day 5,000 albuquerque community foundation 16,000 total 298,300”

“Investment depreciation 256,262”