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.”

“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, 2018: albuquerque community foundation 11,700 albuquerque speech/language/hearing center 10,000 aps title i homeless project 10,000 assistance league of albuquerque 10,000 barrett foundation 10,000 big brothers big sisters 10,000 catholic charities 10,000 children's grief center of nm 10,000 cln kids 10,000 crossroads for women 6,000 enlace comunitario 10,000 escuela del sol montessori 10,000 habitat for humanity 10,000 heading home 10,000 horizons student opportunities 5,000 keshet dance company 8,300 manzano day school 5,000 national dance institute 12,000 new mexico appleseed 10,000 new mexico kids matter, inc. 10,000 new mexico legal aid 10,000 nm philharmonic 10,000 oasis albuquerque enrichment program 10,000 pegasus legal services for children 10,000 planned parenthood of the rocky mountains 5,000 presbyterian ear institute 12,000 rio grande community development corp 10,000 roadrunner foodbank 10,000 saranam 10,000 south valley academy 10,000 southwest creations collaborative 10,000 the new mexico soccer foundation 5,000 ymca of central new mexico 10,000 total 310,000”

“Investment depreciation -237,598”