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 available 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 community foundation during the year ended june 30, 2021: abrazos family support services 10,000 assistance league of albuquerque 12,500 big brothers big sisters of central nm 15,000 boys and girls club of cnm 10,000 catholic charities 15,000 children's grief center of nm 10,000 cooperativa korimi 7,500 cuidando los ninos 15,000 enlace comunitario 10,000 explora science center & children museum 10,000 horizons student opportunities for nm 7,500 junior achievement of new mexico 5,000 keshet dance company 10,000 kids cook 10,000 national dance institute of nm 15,000 new mexico kids matter inc. 10,000 new mexico kids can 7,500 oasis albuquerque 15,000 partnership for community action 15,000 pb&j family services, inc 15,000 pegasus legal services for children 10,000 planned parenthood of the rocky mountains 10,000 presbyterian ear institute 15,000 saranam 15,000 silver horizons new mexico, inc. 10,000 southwest creations collaborative 15,000 southwestern indian polytechnic institute 10,000 special olympics 10,000 stem is childs play foundation 5,000 teach for america new mexico 10,000 board member allocation 25,000 total 360,000”

“Investment depreciation -255,139”