Sacramento Region Community Foundation

“The sole power of the Executive Committee is to decide on matters that, in the judgment of the Board Chair or any two members of the Executive Committee, pertain to donor need and are urgent such that it cannot wait until the next board meeting. The Executive Committee is composed of the Board Chair, Vice Chair, Secretary, Treasurer, immediate Past Chair and one other director selected by the Board.”

“Staff, with the assistance of the organization's accounting firm, prepares the return. The accounting firm reviews the return and prepares a final draft for the governing board for review. Any questions/issues from the board are addressed and adjusted on the return, as necessary. Upon final approval, the accounting firm prepares the final return for staff filing.”

“Conflict of interest disclosure forms are completed by all board members, staff and volunteers annually. Staff is made aware of any conflicts of interest and monitor gift, grant and vendor payables activity throughout the year for any receipts or disbursements which may create conflicts of interest or would be otherwise prohibited.If conducting the affairs of the foundation, duality or conflict of interest shall be presumed when a person to whom this policy applies or a member of his or her immediate family serves as a trustee, officer, staff member or holder of more than ten percent of corporate stock of an affected organization or firm, has a formal affiliation or interest in an affected organization or firm, or could expect financial gain or loss from a particular decision. Before a staff, board or volunteer committee member begins his or her service with the Foundation. He/she shall file with the CEO of the Foundation a list of his or her principal business activities, as well as involvement with other charitable and business organizations, vendors or any other affiliations that might produce a conflict of interest. That list will be updated annually.In addition to the disclosure required by the previous paragraph, each member is under an obligation to the Foundation, to his or her fellow staff or volunteers, and to the community served by the Foundation to inform the Foundation of any position he or she holds or of any business or a vocational activity that may result in a possible conflict of interest or bias for or against a particular grantee, action or policy, at the time such grant, action or policy is under consideration by the board or any volunteer committee of the Foundation. Any duality or possible conflict of interest on the part of any member shall be disclosed to the chair of the board, in the case of volunteers, or the CEO, in the case of staff members, and made a matter of record as soon as the issue in question is raised and a possible conflict is known. When the board, committee or staff is to decide upon an issue about which a member has an unavoidable conflict of interest, that member shall physically absent herself or himself without comment from not only the vote, but also from the deliberation, unless directly requested by the chair of the board or relevant committee to provide factual information or answer factual questions that may assist the board or committee in making a wise decision. In no case shall that member vote on such matter or attempt to exert personal influence in connection therewith. Disclosure and abstention shall be recorded in the minutes of the meetings at which the issue is discussed and decided. In any situation not specifically covered by the previous sections of this policy, members shall consider carefully any potential conflict of their personal interests with the interests of the Foundation and refrain from any action that might be perceived as an actual or apparent conflict of interest.”

“The CEO compensation is benchmarked against both local like-size nonprofit organizations such as the United Way, and sector information using comparative data of 30 community foundations compiled annually by the League of California Community Foundations. Further, the board chair and immediate past chair are responsible for conducting an annual review which is tied to the organization's strategic goals of leadership, asset development, visibility and operational excellence and based on the outcomes of a comprehensive business plan. Any adjustment in CEO salary is included in the annual budget presented to the board and documented in the minutes as part of the budget discussion. That adjustment is then further discussed based on the review mentioned above with the entire board as part of an executive session. The minutes of that meeting reflect that an executive session was held for the express purpose of discussing CEO compensation.”

“The governing documents and conflict of interest policy are made available by written request to the Foundation. The Foundation's audited financial statements are available on our website.”

“Other program services 4:”

“Change in value of split interest agreements = $1485346”

“Thanks to the generosity of its donors who are pivotal partners in its work to transform and enrich California's capital region, the Foundation's annual grant awards to nonprofit organizations from its charitable funds have grown from over $272,000 in 1983 to more than $14 million in 2022, including $5 million in grants to the Community Foundation of San Joaquin. The Foundation's grants have totaled more than $200 million since the Foundation's inception, making us, alongside our fundholders, a leading Grantmaker in the region. Guided by our mission, we are moving the capital area forward in the areas where we know strategic philanthropy can be a catalyst for change. For the past seven years, we have led efforts, through four Strategic Initiatives: 1) to grow local giving and build nonprofit capacity, 2) close gender and racial gaps in access to higher education, 3) strengthen the food system that feeds our region's hungry, and 4) foster a vibrant creative ecosystem. Our leadership in these areas reflects our vision for a flourishing Sacramento region, one marked by inclusivity and equity, and pride in our community.”

“In 2022, the Foundation provided robust training and collaboration opportunities to over 700 participating nonprofits. As a result, 30,700 donors made more than 54,000 gifts through Mighty Cause, the online database that powers Big Day of Giving, and raised $13.4 million during the 2022 giving day.LISTOS California Statewide Grant Program: Leveraging funding from the state and local philanthropy, this project helps raise the profile of disaster preparedness in the Greater Sacramento region by deploying disaster preparedness materials to vulnerable populations with key social vulnerability factors located in areas at moderate to high risk from natural hazard. The Foundation partnered with eight local nonprofits and granted $250,000 in funding to support disaster training and resources to vulnerable and diverse populations. To date, over 9,000 residents in Sacramento County have been served as part of this effort. Guided by our mission, this work is intended to strengthen neighborhoods by increasing disaster preparedness, response, recovery, and mitigation capabilities across the region.”

“The Capital Area Promise (CAP) Scholars program, the Foundation's program to increase college completion rates among local students who are traditionally underrepresented in higher education, pairs strategic, need based scholarships with college readiness services that promote college attainment and completion, the Foundation and its partners aim to help more young people overcome barriers to success and achieve their college goals. In 2021, the Foundation awarded 142,000 in scholarships to 62 CAP Scholars. In total the Sacramento Region Community Foundation awarded 403 scholarships totaling over $1 million.”

“Leadership Statement: Together with our fundholders, the Foundation is proud to elevate philanthropy and its impact in our region. For nearly 40 years, the Foundation has helped our collective giving make the greatest positive impact throughout the four counties we serve: El Dorado, Placer, Sacramento, and Yolo. We do this by focusing on the underlying causes of local challenges, seeking solutions with lasting results, and supporting the organizations that tend to the vital needs of the capital area - after all, creating the conditions for meaningful transformation is our specialty at the Foundation. With your support, the Foundation is proud to elevate philanthropy and its impact in our region. If you believe as we do that working together to forge upstream solutions is the best way to strengthen our region, join our work and learn more at www.sacregcf.org.”