Marin Community Foundation

“Form 990 is provided to the chief financial & operating officer and vice president for finance for review before filing.”

“All members of the governing board, officers and key employees must review the conflict of interest policy and complete a questionnaire concerning compliance on an annual basis. The forms are reviewed by the corporate secretary and cfo to ensure ongoing compliance and determine whether a conflict exists. All conflicts and potential conflicts are required to be disclosed, and the person is excluded from participating in deliberations and decisions concerning the matter.”

“The president and ceo is the top management official of the organization and his compensation package is reviewed and decided upon annually by the board of trustees. A compensation committee comprised of several independent members of the board of trustees is established annually. As part of this process, the compensation committee prepares a written performance appraisal with input from all board members. Further, the committee compares the president's compensation to that of others in similar positions using various surveys. Every few years, the committee engages an independent executive compensation consultant to evaluate the president's compensation package to determine if the components, as well as, the package as a whole continue to be fair and reasonable. During executive session at the end of the fiscal year, with all board members attending, the committee reports their findings, the overall appraisal, and their recommendation. After review and discussion, the board determines the president and ceo's compensation for the next year. A similar process is used to review the chief financial & operating officers' compensation. Salary adjustments for all other staff, including other officers, are approved by the president and ceo within the budgetary guidelines approved by the board of trustees. Every few years an outside consultant is engaged to review industry and regional surveys to ensure all staff members' compensation levels are fair and reasonable. The last such review was completed in june 2014.”

“Governing documents, conflict of interest policy and financial statements are available to public upon request.”

“Mcf supported the philanthropic involvement of individuals, families, businesses, and organizations in the community through the establishment of unrestricted, donor-advised, field-of-interest, designated beneficiary, and scholarship funds. At the end of fiscal year 2015, mcf administered over 550 component funds and 12 supporting organizations. Ii. Distribution trustee of the leonard and beryl buck trust ("buck trust"): during fiscal year 2015, new grants awarded from the buck trust in support of mcf's goal to create equity of opportunity for every resident of marin totaled $19.8 million. Grants were made to support three strategic initiatives as well as seven community grants areas. The strategic initiatives are: closing the educational achievement gap; increasing affordable housing; and ending the cycle of poverty. Issue areas being supported under the community grants areas were immigrant integration, services for older adults, community health, equity in legal protection, the environment, arts and culture, and social justice. Mcf's research & evaluation department oversaw the creation and ongoing monitoring of outcome measurements and metrics for grants made under the foundation's strategic plan iii. Loans at the end of fy 2015, the community investment loan fund had 21 loans in its portfolio and $11.7 million in principal outstanding. The foundation makes below-market rate loans to nonprofit organizations to meet a number of objectives: to provide investment capital projects and revenue-producing ventures; to encourage the economic independence and stability of nonprofit organizations; to provide alternatives to or augment traditional funding sources; to meet emergency cash flow needs and other situations; and to finance equipment purchases.”

“Change in crt value -251,463.”

“The organization has an audit committee to assume responsibility of the audit, and oversee the whole audit.”