Catholic Community Foundation for the Diocese of Phoenix

“The 990 is emailed to the members of our finance and investment committee prior to filing.”

“All directors, members of committees and employees ofthe foundation shall scrupulously avoid any conflict between their own respective interests and the interest of the foundation in any and all actions taken by them on behalf of the foundation. Situations where directors or members derive financial benefits from the board or committee service should be avoided. However, in the event any directors or members of the foundation should have any direct or indirect interest in, or relationship with, any individual or organization which proposes to enter into any transaction with the foundation for the sale, purchase, lease or rental of property or to render or employ services, personal or otherwise, or receive pecuniary consideration from the foundation in the form of a fee or grant, such directors or members shall forthwith give the board of directors of the foundation notice with full factual disclosures, of such interest or relationship and shall thereafter absent themselves during both explicit review of the matter. Officers are required to complete this information during the onboarding process and this information is reaffirmed and updated every august.”

“A formal compensation study is completed every 3 years and is initiated by the compensation committee and approved by the committee and board. A sub-committee of the board ischarged with summarizing the results of comparative salary ranges for the ceo using studies from a local university, form 990s from comparable organizations, and also a salary study completed by a non-profit organization that serves foundations. The results are forwarded to the executive committee to formulate an employment agreement detailing the salary, benefits and duties of the position. Prior to approval of the ceo's contract, the executive committee and board meets in executive session to discuss and decide on the compensation of the ceo and also advises on other staff positions. After that process the board votes on the compensation and the results are then included in the organization's budget which is also approved in total by the board.”

“All information is made available on the ccf website and guidestar. The organization's articles of incorporation, by-laws, financial statements, and form 990 are all available to the public upon request. The organization does not make the conflict of interest policy documents available to the public.”

“Change in split interest agreements -219,552.”