The Alaska Community Foundation

“- board member dave shaftel has several clients of the shaftel delman law firm that are acf board members. - board member jim palmer currently hold funds at acf, the anchorage fund and the palmer family fund, respectively.”

“The audit committee reviews and approves the 990 prior to submission to the board for final approval.”

“The board has an annual conflict of interest process and board members are required to disclose conflicts of interest and recuse themselves from voting.”

“The process to hire the ceo began with the formation of an executive search committee of the board of directors. That committee worked with an executive search firm. Candidates were sought from across the state and across the country. The committee sought the advice and assistance of the foraker group and the council on foundations and used comparative salary and benefits information provided by both organizations. The process for reviewing executive compensation is guided by the executive committee of the board of directors. A performance review is based on input from all board members and from select staff, funders, donors, and grantees. Input is also received from the president/ceo and state and national compensation surveys are considered by the committee, in order to determine fair and reasonable compensation.”

“The ceo sets the compensation of acf staff based on annual performance reviews, prevailing wage rates as determined by current competitive market commendation rates for similar positions in the alaska non-profit sector and relevant for-profit organizations, and by the compensation survey produced by the council of foundations (which produces an annual grant maker and community foundation salary and benefits report).”

“Acf makes its conflict of interest policy, annual 990, annual report and audited financial statements available to the public on its own website and upon request to any party that requests a copy of the 990 or annual audited financial statements. Acf does not provide irs form 1023 and governing documents to the public, with the exception of major funders or grantors. Acf's articles of incorporation are provided as a public document on the state of alaska's website.”

“Together with our eleven local community foundations, we connect people who care with causes that matter, by encouraging and nurturing philanthropy, and providing donors with grant options that are strategic to their philanthropic objectives. Alaska community foundation (acf) is comprised of more than 2,500 funds and manages approximately $200 million in philantrhopic assets. In the past two decades, acf has awarded more than $200 million in grants to improve the lives of alaskans.”

“INCOME FROM K-1S: RESOURCE LAND FUND V, LP 207,294 PRINCIPAL REAL ESTATE DEBT FUND III LP 78,974 WCP NEWCOLD II (17,717) WCP NEWCOLD II-A 1,076,970 SECONDARY OPPORTUNITIES FUND III, LP (40,786) GOLDENTREE SELECT OFFSHORE FUND 577,587 Total: 1,882,322”