Inland Northwest Community Foundation

“A business relationship exists amongst the individuals reported in part vii as they serve as officers and directors of a related tax-exempt organization.”

“The form 990 is prepared by an outside accounting firm based on information provided by the cfo. A copy of the draft 990 and schedules are supplied to the cfo and ceo prior to the review and approval by the finance committee. Any comments are considered and a copy is provided to the whole governing board prior to filing form 990 with the irs.”

“Each fiscal year a conflict of interest questionnaire is completed by board members and management. Responses are reviewed by the board for possible conflicts. Any potential conflict of interest is recorded in the minutes of the board meeting. If it is demonstrated that a board or committee member has a conflict, they are excused from voting on a motion where it is preceived a conflict exists.”

“A compensation committee comprised of members of the board of directors set the ceo's compensation annually using comparative data from salary surveys and form 990 data from other organizations.”

“Innovia foundation posts their returns and policies on their website for public inspection.”

“The finance committee has oversight over the annual audit”

“In the fall of 2019, the donor-advisor of a fund at innovia foundation submitted grant recommendations totaling $7,500 for an organization that was recognized by the internal revenue service (irs) as a 501(c)(3) public charity. This organization, the vdare foundation, is known to have a mission and engage in practices that are contrary to the values and mission of innovia and the communities we serve. This was the sixth year that the donor-advisor of this fund had recommended a grant to this organization, and at the time of the requests, innovia did not have a policy in place to deny grant recommendations to this irs-recognized nonprofit organization. On april 2, 2020, innovia's board of directors formally adopted an anti-hate policy that made it clear to donor-advisors that contributions to organizations that foster hate would no longer be funded by donor-advised funds at innovia. It was regrettable that the adoption of this policy occurred after the funding request that is reported on schedule i this year, but the application of this policy has strictly prohibited similar funding after the date of adoption. As an example, in mid-2020 our due diligence process flagged a grant recommendation as a potential hate group. We requested that a third party evaluate the organization and the comprehensive review found that the organization's activities violated the innovia anti-hate policy. The donor was unaware of this activity, and when presented with the research, withdrew the grant request. We continue our work, both internally and with the entire sector, to stem the philanthropic funding of groups that promote hate. Our new mission, vision and values statement is reflective of our commitment to diversity, equity and inclusion. This framework influences everything we do at innovia, from policy development to grantmaking, and other practices that can serve all members of our community. For more additional information on innovia foundation's strategic framework, please see: https://innovia.org/news/strategic-framework/”