Richmond Community Foundation

“The finance committee of the rcf board of directors reviewed the form 990 at a formally called meeting of the committee. After thorough review, the finance committee/board treasurer presented the form 990 to the rcf board of directors at a formally called meeting of the board.”

“All employees are required to disclose any conflicts of interest. Officers and directors are required to complete a conflict of interest form at the beginning of each year. Officers and directors of richmond community foundation are asked to maintain independence, objectivity, and confidentiality and to do what a sense of fairness, ethics, and personal integrity dictate even though not necessarily obligated to do so by law, regulation, or custom. Directors and officers serving on the executive committee shall refrain from voting on a proposed grant if they are in a conflict-of-interest situation and, if appropriate, shall withdraw from the meeting.”

“The president/ceo is evaluated annually by the board officers of the rcf. The ceo prepares a written evaluation based on the goals set by the ceo and the officers during the prior year. The officers review the report and then meet with the ceo to discuss the report, provide feedback to the ceo, and set goals for the coming year. Key staff are evaluated annually by their immediate supervisor using a performance management tool. The employee completes the tool, which is then provided to the supervisor who reviews the tool and provides feedback to the employee (written and verbal). The tool is also used to review goals from the prior year and set goals for the coming year. The tool also identifies training needs and opportunities for growth.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available upon request for the same period of time set forth in sec. 6104(d).”

“Rcf took on a major new initiative called the richmond housing renovation program, a housing blight strategy funded by a $3m social impact bond, which was purchased by mechanics bank. Rcf created a separate llc, of which rcf is a single member, to hold the properties while they are being acquired, renovated, and resold.”