Jewish Community Foundation

“Management reviews the 990. The executive committee and the internal audit & finance committees receive a copy prior to filing.”

“Statement of certain transactions. As part of the annual report, or as a separate document if no annual report is issued, the corporation shall within one hundred twenty (120) days after the end of the corporation's fiscal year, annually prepare and mail to each director a statement of any transaction or indemnification of the following kind: (a) any transaction (i) in which the corporation, or its parent or subsidiary, was party; (ii) in which an "interested person" had a direct or indirect material financial interest; and (iii) which involved more than $50,000 or was one of several transactions with the same interested person involving, in the aggregate, more than $50,000. For this purpose, an "interested person" is either (i) any director or officer of the corporation, its parent, or subsidiary; or (ii) any holder of more than ten percent (10%) of the voting power of the corporation, its parent, or its subsidiary. The statement shall include a brief description of the transaction, the names of the interested persons involved, their relationship to the corporation, the nature of their interest in the transaction, and, if practicable, the amount of that interest, provided that if the transaction was with a partnership in which the interested person is partner, only the interest of the partnership need be stated. (b) any indemnifications or advances aggregating more than $10,000 paid during the fiscal year to any officer or director of the corporation under these bylaws, unless that indemnification has already been approved by the directors in accordance with these bylaws.”

“The personnel hr committee of the board reviews salary ranges and benefits, then provides recommendations to the finance committee. The finance committee reviews it and recommends it as part of the budget. The board approves the budget. The board, or any authorized committee of the board, shall review and approve the compensation, including benefits, of the president, the treasurer and the chief financial officer, if any, to ensure that each such officer's compensation is just and reasonable. Such review and approval shall occur when the officer is initially hired, whenever the officer's term of employment is renewed or extended, and when the officer's compensation is modified, unless such modification applies to substantially all employees.”

“The organization's governing documents, conflict of interest policy, forms 990, and financial statements are available upon request.”

“The audit oversight process has not changed since the prior year.”