2024-05-15T12:05:02-07:00 2023-06-30 990 2022-07-01 061372107 JEWISH COMMUNITY FOUNDATION OF GREATER HARTFORD INC JEWI 8605237460 333 Bloomfield Avenue Suite D West Hartford CT 06117 Laura Whitney Vice President of Finance 8605237460 2024-05-15 Laura Whitney 999009999 1 1 11 0 AAL2 X 2022 2023-04-26 12:10:37Z Walter L Harrison Interim President 333 Bloomfield Avenue West Hartford CT 06117 36087355 0 X jcfhartford.org X 1993 CT The Jewish Community Foundation promotes philanthropy, manages the Greater Hartford Jewish community's charitable endowment and makes grants to support key community needs and innovations. 15 15 14 60 0 0 10458636 4007527 288107 328639 9457198 4910588 0 0 20203941 9246754 4521507 5036938 0 0 1350698 1454685 0 0 513970 665500 700243 6537705 7191866 13666236 2054888 156326856 167175533 28710328 30826093 127616528 136349440 X The Jewish Community Foundation of Greater Hartford unlocks the trans-formative power of individuals and collective philanthropy to address problems, strengthen community organizations,and provide permanent support for the Jewish Community of Greater Hartford. 0 0 1556609 1556609 0 Community Building. The Foundation awarded grants, mostly in the Greater Hartford area, to support general operations of agencies and programs, meet critical needs for basic human services and support core functions in furtherance of the key strategic objectives designed to strengthen the Jewish community. The largest grantee is the Jewish Federation of Greater Hartford. 843011 843011 0 Human Services and Health. Grants in this program area cover a wide array of services. Programs include services for the disabled, food and hunger alleviation, medical research, case management and counseling, therapy, sports and recreation. Grantees include Jewish Family Services of Greater Hartford, Connecticut Children's Foundation, and the Jewish Association for Community Living. 855197 855197 0 Education. The Foundation supports numerous institutions whose focus is on Jewish education. The largest proportion goes to area Jewish day schools for general operating support, scholarships and curriculum enhancement. Other grants include literacy for at-risk youth, supplemental religious school education, college scholarships and general support of secular secondary and college institutions. Grantees include Solomon Schechter Day School, Kingswood-Oxford School, New England Jewish Academy, Jewish Teen Learning Connection, Achievement First, Loomis Chafee School, Trinity College, Reconstructing Judaism, and Yale University School of Medicine. 2623895 1782121 328639 See Schedule O, Statement 1 Other Programs and Services (Expenses: $2,623,893 including grants of $1,782,121) These include the balance of grants awarded through community grantmaking programs, donor advised program and designated giving in program areas that include Arts and Culture, Social Justice, programs in Israel, Seniors, Religious and Spiritual Development and Outreach. 2623895 1782121 328639 5878712 1 1 0 0 0 1 0 0 1 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 7 0 1 14 1 1 1 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CT X X Laura Whitney-Vice President of FInance Jewish Community Foundation of Grtr Hartford 8607276179 333 Bloomfield Avenue Suite D West Hartford CT 06117 Jacob A Schreiber President and CEO 40 X 226374 0 7637 Rhona H Morgan Vice President Finance (Retired 12/31/22) 40 X 169910 0 45450 Kathryn L Gonnerman Vice President Development 36 X 132885 0 22935 Susan Lotreck Vice President Operations 36 X 131926 0 4779 Michael Elfenbaum Vice President Grants Programs 36 X 115526 0 5423 Laura Whitney Vice President Finance (Effective 1/1/23) 36 X 4248 0 0 Gayle Temkin Chair 4 X 0 0 0 Merrill Kate Mandell Vice Chair 1 X 0 0 0 Gerald B Goldberg Secretary 1 X 0 0 0 Elysa Graber-Lipperman Treasurer 2 X 0 0 0 Jessica Fish Trustee 1 X 0 0 0 Ethan Goldman Trustee 1 X 0 0 0 Walter L Harrison Trustee 1 X 0 0 0 Dana Keller Trustee, ex officio 1 X 0 0 0 Naomi Kleinman Trustee 1 X 0 0 0 Neil Kochen Trustee 1 X 0 0 0 Rachel Rubin Trustee 1 X 0 0 0 Cyral Sheldon Trustee 1 X 0 0 0 Tracy Smith Trustee 1 X 0 0 0 Alan Solinsky Trustee 1 X 0 0 0 Julie R Spivak Trustee 1 X 0 0 0 780869 0 86224 5 0 1 0 Crewcial Partners LLC 810 Seventh Avenue 32nd Floor New York NY 10019 Investment management 109648 1 0 0 0 0 0 4007527 1565085 4007527 Administrative fees from agency accounts 900099 328639 328639 0 0 0 0 0 0 328639 2287335 0 0 2287335 0 0 0 0 0 0 0 0 0 0 29463854 0 26840601 0 2623253 0 2623253 0 0 2623253 0 0 9246754 328639 0 4910588 4976438 4976438 60500 60500 0 0 0 0 464839 220150 176029 68660 0 795992 314782 203588 277622 24010 9760 6044 8206 83121 27349 22322 33450 86723 36510 26044 24169 43109 43109 46073 46073 174513 104708 69805 68342 3436 61469 3437 11024 4961 6063 35390 15120 10259 10011 68001 29055 19713 19233 52995 52995 24323 7297 7297 9729 23928 23928 Professional membership fees 5700 2565 2565 570 Marketing and donor outreach 146845 66081 27944 52820 0 7191866 5878712 799184 513970 0 0 4683741 5050559 1300660 349391 21723 27769 0 0 0 0 12373 0 0 0 0 0 54303 54303 0 0 128671527 139982058 21480571 21469560 0 0 0 0 156261 296196 156326856 167175533 55357 8849 812465 511906 0 0 0 0 27605206 29954835 0 0 0 0 0 237300 350503 28710328 30826093 X 127394992 136165477 221536 183963 127616528 136349440 156326856 167175533 X 2054888 6691045 0 0 0 -13021 X 0 1 X 1 0 X 2477058 2530364 4585932 10458636 4007527 24059517 2477058 2530364 4585932 10458636 4007527 24059517 6038682 18020835 1053875 756624 1080001 3085126 2287335 8262961 0 0 0 0 16634 195088 288107 328639 828468 33150946 0.54360 0.59664 X Schedule A, Part II, Line 10 Administrative fees from Agency Custodial accounts $328,639 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 204 939 2430652 1576875 2947799 2089139 48618357 87731083 1 1 1 27605206 4054811 1705182 29954835 1 X 81941193 1576875 7257216 2089139 43760 911301 87731084 94083498 6511472 -12616275 1920053 3067119 1050330 81941193 70327409 2045757 25638002 2668365 289034 970271 94083498 70316409 1702880 750845 2080087 -871013 1233651 70327409 70161065 1334682 2535692 2130134 1159668 1425228 69316409 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 54303 54303 0 0 0 0 0 0 0 F 0 F Private Equity 10226454 F Venture Capital 7576182 F Private International Equity 3666924 F 21469560 0 Split interest agreements 252821 Lease liabilities-operating 97682 350503 X 15750265 6691045 0 0 -13021 6678024 9072241 174513 0 174513 9246754 7017353 0 0 0 0 0 7017353 174513 0 174513 7191866 Schedule D, Part IV, Line 1b As part of its agency program, the Foundation holds, administers and manages certain charitable funds established and owned by beneficiary agencies of the Jewish Federation of Greater Hartford and local synagogues as part of a commingled investment pool. These funds are treated as assets and liabilities on the books of the Foundation. Schedule D, Part IV, Line 2b As part of its agency endowment program, the Foundation holds, administers and manages certain charitable funds established and owned by beneficiary agencies of the Jewish Federation of Greater Hartford and local synagogues as part of a commingled investment pool. These funds are treated as assets and liabilities on the books of the Foundation. Schedule D, Part V, Line 4 The 1,143 charitable funds held by the Foundation are used in accordance with the terms of the gift instruments creating them. Unrestricted community funds help meet the most pressing and changing needs of the community. Decisions about the use of unrestricted community funds rest with the Board of Trustees of the Foundation. Grants from these funds are typically awarded through a competitive grant application process in accordance with Foundation's grant-making guidelines. Grants from donor advised funds are generally made upon the recommendation of donors, after review and approval by the Foundation. Twice each year the Foundation distributes a list of selected funding expressed by donors at the time the gifts were made, requests to fund advisors that include a broad range of charitable projects. These and other funding ideas are made available on the Foundation's website. Distributions from designated funds are made to carry out the charitable intentions expressed by donors at the time the gifts were made. Schedule D, Part X, Line 2 Management has analyzed the tax positions taken by the Foundation and has concluded that, as of June 30, 2023 and 2022, there are no uncertain tax positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. If the Foundation had unrelated business income taxes, it would recognize interest and penalties associated with any tax matters as part of the income provision and include accrued interest and penalties with the related tax liability in the statements of financial position. Schedule D, Part XI, Line 2d Other amounts included in line 2d include the change in the value of split interest agreements and life insurance policies. 1 Achievement First 370 James Street Suite 404 New Haven CT 06513 651203744 501(C)(3) 55000 0 book Education Adas Israel Congregation 2850 Quebec Street NW Washington DC 20008 530196563 501(C)(3) 7636 0 book General operating support American Jewish Joint Distribution Committee Inc PO Box 4124 New York NY 10017 131656634 501(C)(3) 30500 0 book Emergency relief Anti-Defamation League CT Regional Office 1000 Lafayette Blvd Suite 402 Bridgeport CT 06604 131818723 501(C)(3) 16250 0 book General operating support Berkshire Opera Festival Inc 54 Wendell Avenue Suite 5 Pittsfield MA 01201 471596750 501(C)(3) 18100 0 book General operating support Beth El Temple of West Hartford 2626 Albany Avenue West Hartford CT 061172331 060699241 501(C)(3) 50029 0 book General operating support Big Brothers Big Sisters of Connecticut 30 Laurel Street Hartford CT 06106 060850379 501(C)(3) 25100 0 book General operating support Capitol Squash 300 Summit Street Hartford CT 06106 272791355 501(C)(3) 7500 0 book General operating support Center for Children's Advocacy 65 Elizabeth Street Hartford CT 06105 061489575 501(C)(3) 10000 0 book Special programming Chabad East of the River Inc 25 Harris Street Glastonbury CT 060331106 061030000 501(C)(3) 8000 0 book General operating support Chabad House of Greater Hartford 2352 Albany Avenue West Hartford CT 06117 061030000 501(C)(3) 123706 0 book General operating support and special programming Charter Oak Cultural Center 21 Charter Oak Avenue Hartford CT 06106 061026597 501(C)(3) 32439 0 book General operating support Circle of Friends 40 King Street Norwalk CT 06851 474152491 501(C)(3) 15000 0 book General operating support Coastal Roots Farm 441 Saxony Road Encinitas CA 92024 471570910 501(C)(3) 10000 0 book General operating support Congregation Adath Israel PO Box 337 Middletown CT 064570337 060669110 501(C)(3) 27888 0 book General operating support and scholarships Congregation Beth Israel 701 Farmington Avenue West Hartford CT 061191724 060692758 501(C)(3) 99950 0 book General operating support and cemetery maintenance Congregation Kol Haverim 1079 Hebron Avenue Glastonbury CT 060330473 222586288 501(C)(3) 9844 0 book General operating support Connecticut Children's Foundation 282 Washington Street Hartford CT 06106 060646755 501(C)(3) 59786 0 book General operating support Farmington Valley Jewish Congregation Emek Shalom 55 Bushy Hill Road Simsbury CT 06070 066080265 501(C)(3) 104075 0 book Capital repairs Federation Homes Inc 156 Wintonbury Avenue Bloomfield CT 06002 061019012 501(C)(3) 7709 0 book Special programming Gifts of Love 34 East Main Street Avon CT 06001 061309318 501(C)(3) 5250 0 book General operating support Girls for Technology 750 Main Street Suite 1210 Hartford CT 06103 465696249 501(C)(3) 10000 0 book Special programming Grace Baptist Church PO Box 664 Windsor CT 06095 371564560 501(C)(3) 13600 0 book General operating support Hadassah Hartford Chapter 43 Carlyle Road West Hartford CT 06117 131656651 501(C)(3) 5254 0 book General operating support Harold Grinspoon Foundation 67 Hunt Street Suite 100 Agawam MA 01001 046685725 501(C)(3) 50000 0 book Special programming Hartford Hospital Corporate and Foundation Support 80 Seymour Street Hartford CT 061019960 060646668 501(C)(3) 8378 0 book General operating support and special programming Hartford Stage 50 Church Street Hartford CT 06103 060790484 501(C)(3) 16700 0 book General operating support Hebrew Immigrant Aid Society PO Box 97077 Washington DC 200907077 135633307 501(C)(3) 6500 0 book General operating support and emergency relief Hebrew Senior Care Inc One Abrahms Boulevard West Hartford CT 061171525 060646672 501(C)(3) 111402 0 book General operating support inSIGHT Through Education PO Box 33054 Palm Beach Gardens FL 33420 273388434 501(C)(3) 13000 0 book General operating support Jewish Association for Community Living 34 Jerome Avenue Suite 109 Bloomfield CT 06002 061068312 501(C)(3) 85586 0 book General operating support Jewishcolorado 300 S Dahlia Street Denver CO 80246 010831698 501(C)(3) 11500 0 book Special programming Jewish Community of Greater Stowe 1189 Cape Cod Road Stowe VT 05672 030351208 501(C)(3) 10000 0 book General operating support Jewish Family and Children Services of Phoenix 4747 N 7th Street Suite 100 Phoenix AZ 85014 860096781 501(C)(3) 7500 0 book General operating support Jewish Family Services of Greater Hartford 333 Bloomfield Avenue West Hartford CT 06117 060653062 501(C)(3) 439178 0 book General operating support and special programming Jewish Federation of Greater Hartford 333 Bloomfield Avenue West Hartford CT 06117 060655482 501(C)(3) 1402899 0 book General operating support, programming, cemetery maintenance, and emergency relief Jewish Federation of Greater Portland 6680 SW Capitol Highway Portland OR 97219 930386825 501(C)(3) 14000 0 book Special programming and emergency relief Jewish Federation of Palm Beach County 1 Harvard Circle Suite 100 West Palm Beach FL 33409 590948696 501(C)(3) 25360 0 book General operating support Jewish Historical Society of Greater Hartford 333 Bloomfield Avenue West Hartford CT 06117 061217339 501(C)(3) 46601 0 book General operating support Jewish Social Service Agency 200 Wood Hill Road Rockville MD 20850 530196598 501(C)(3) 20000 0 book Special programming Jewish Teen Learning Connection 333 Bloomfield Avenue West Hartford CT 06117 061329245 501(C)(3) 38917 0 book General operating support and special programming JFACT Fund Inc 40 Woodland Street Hartford CT 06105 061491945 501(C)(3) 21115 0 book General operating support and special programming Joyce D and Andrew J Mandell Jewish Community Center 335 Bloomfield Avenue West Hartford CT 061171543 060662142 501(C)(3) 229828 0 book General operating support and special programming Kingswood-Oxford School 170 Kingswood Road West Hartford CT 06119 060646688 501(C)(3) 70000 0 book Scholarship MEOR Boston 26 Snow Street Brighton MA 02135 204394106 501(C)(3) 5250 0 book General operating support Mikveh Bess Israel of West Hartford 61 North Main Street West Hartford CT 06107 912154619 501(C)(3) 15000 0 book Special programming Moishe House 441 Saxony Road Encinitas CA 92024 262599786 501(C)(3) 6000 0 book Special programming New England Jewish Academy 300 Bloomfield Avenue West Hartford CT 06117 061455973 501(C)(3) 95465 0 book General operating support, special programming, and capital repairs Northeastern University 716 Columbus Avenue Suite 402 Boston MA 02120 041679980 501(C)(3) 10000 0 book Education Operation Smile 3641 Faculty Boulevard Virginia Beach VA 234538000 541460147 501(C)(3) 25000 0 book General operating support Planned Parenthood of Delaware 625 N Shipley Street Wilmington DE 19801 510066725 501(C)(3) 10000 0 book General operating support Playhouse Theatre Group Inc 244 Park Road West Hartford CT 06119 264840125 501(C)(3) 10750 0 book General operating support Reconstructing Judaism 1299 Church Road Wyncote PA 19095 231710675 501(C)(3) 40000 0 book Special programming Rockefeller Philanthropy Advisors Inc 90 Church Street New York NY 100087082 133615533 501(C)(3) 50000 0 book Strategic planning Saint Francis Hospital and Medical Center Foundation Inc Development Office 95 Woodland Street Hartford CT 061051299 061008255 501(C)(3) 6500 0 book General operating support Shalom Hartman Institute of North America 475 Riverside Drive Suite 1450 New York NY 10115 133014387 501(C)(3) 6000 0 book General operating support Solomon Schechter Day School of Greater Hartford 26 Buena Vista Road West Hartford CT 06107 060873657 501(C)(3) 229792 0 book General operating support and special programming Temple Chai 4645 East Marilyn Road Phoenix AZ 85032 942381671 501(C)(3) 7500 0 book General operating support Temple Sinai 41 West Hartford Road Newington CT 06111 066011131 501(C)(3) 17474 0 book General operating support Temple Sinai Brookline 50 Sewall Avenue Brookline MA 02446 042123667 501(C)(3) 12080 0 book General operating support The Bridge Family Center Inc 1022 Farmington Avenue West Hartford CT 06107 237013563 501(C)(3) 6000 0 book General operating support The Community Foundation for Greater New Haven 70 Audubon Street New Haven CT 065101248 066032106 501(C)(3) 100000 0 book Community building The Connecticut Hospice Inc PO Box 783 Branford CT 06405 060878822 501(C)(3) 10000 0 book General operating support The Emanuel Synagogue 160 Mohegan Drive West Hartford CT 06117 060675032 501(C)(3) 26580 0 book General operating support and capital repairs The Loomis Chaffee School 4 Batchelder Road Windsor CT 06095 060653119 501(C)(3) 137000 0 book General operating support and scholarships Trinity College Development Office 300 Summit Street Hartford CT 06106 060646927 501(C)(3) 26171 0 book General operating support and special programming Trinity College Hillel Zachs Hillel House 74 Vernon Street Hartford CT 06106 521844823 501(C)(3) 5737 0 book General operating support United States Holocaust Memorial Museum 60 E 42nd Street Suite 1000 New York NY 10165 521309391 501(C)(3) 5550 0 book General operating support Universities Allied for Essential Medicines 641 S Street NW Washington DC 20001 010833168 501(C)(3) 10000 0 book General operating support University of Connecticut Foundation Inc 2390 Alumni Drive Unit 3206 Storrs CT 062693206 066070722 501(C)(3) 14000 0 book Education University of Connecticut Hillel Trachten-Zachs Hillel House 54 N Eagleville Road Storrs CT 06268 066071635 501(C)(3) 46068 0 book General operating support and special programming University of Hartford Hillel 200 Bloomfield Avenue Park River Ground Floor West Hartford CT 06117 060731360 501(C)(3) 40971 0 book General operating support University of Pennsylvania - The Penn Fund 2929 Walnut Street Suite 300 Philadelphia PA 19104 231352685 501(C)(3) 9500 0 book Scholarship and special programming UpStart Bay Area Jed Snerson 330 Prospect Ave Brooklyn NY 11215 263094076 501(C)(3) 20000 0 book Education Voices of Hope 20 Waterside Drive Suite 100 Farmington CT 06032 814736138 501(C)(3) 33562 0 book General operating support and special programming Watkinson School Development Office 180 Bloomfield Avenue Hartford CT 061051096 060655136 501(C)(3) 5500 0 book Scholarship Yale University School of Medicine Office of Development Box 7611 New Haven CT 065190611 060646973 501(C)(3) 40000 0 book Research Young Israel of West Hartford 2240 Albany Avenue West Hartford CT 06117 222568510 501(C)(3) 7131 0 book General operating support Zero The End of Prostate Cancer 201 N Union St Mailbox 110 Alexandria VA 22314 593400922 501(C)(3) 10000 0 book Special programming 79 0 Education and Related Activities 5 12500 0 Israel and Overseas 8 48000 Schedule I, Part I, Line 2 The Foundation has established processes to monitor grants to ensure that they are used for proper purposes and are not otherwise diverted from their intended use. The processes vary somewhat based on the source of the grant funds. Unrestricted Community Funds: Once a discretionary grant from unrestricted funds is approved, a letter agreement outlining the terms and conditions of the grant is sent to the grant recipient. It must be signed by the chief executive officer and volunteer head of the recipient's governing board. These grants are approved on the basis of a proposal as submitted. The recipient of any grant from the Foundation must agree to use the funds awarded for the specific project and in accordance with the budget submitted as part of the grant application. Grant funds are disbursed upon presentation of paid invoices accompanied by the Foundation's Grant Payment Request Form. The Foundation requires periodic progress reports until the completion of the project, and funding may be withheld if the recipient fails to make progress towards the intended project goals. The Foundation also requires the submission of a final report on the grant, which includes a detailed accounting of how the funds were expended compared to the original budget. Any requests for a modification in use of funds must be submitted in writing to the Foundation for approval in advance. Funds not used in the manner specified in the letter agreement may be retained by the Foundation or be approved for reallocation by the Foundation. Grants awarded but unpaid are cancelled. The grant recipient must agree to notify the Foundation of any change in its exempt status and any change that may be proposed by the IRS. Donor Advised Funds: Foundation staff reviews all grant recommendations and follows additional due diligence procedures to assure that grants are made to qualified charities for proper purposes and impermissible material benefits to donors are not present. Grant recommendations are processed and approved or denied in accordance with the Foundation's Donor Advised Fund Guidelines. All grants from donor advised funds are reported to the Board of Trustees on a quarterly basis. Grants to qualified charities made for general operating support are paid once the grant has been approved. Grants to qualified charities made for specific projects are paid after the recipients demonstrate the funded project was completed and submit paid invoices accompanied by the Foundation's Grant Payment Request Form. Grants awarded but unpaid are cancelled. Designated Funds: Grants from designated funds are paid to qualified charities in accordance with the terms of the applicable gift instruments. Foundation staff confirms the tax-exempt status and legal existence of charitable beneficiaries of grants before grants are paid to them. Grants for scholarships are paid directly to the institution the student is attending. Payment of scholarship awards is conditioned upon proof of enrollment and, where appropriate, receipt of a transcript for the most recently completed semester, as well as satisfaction of any other ongoing qualifications for the scholarship. X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 Jacob A Schreiber President and CEO 222200 0 3400 0 774 0 6893 0 744 0 234011 0 0 Rhona H Morgan Vice President Finance (Retired 12/31/22) 167942 0 1500 0 26628 0 6590 0 12700 0 215360 0 0 Kathryn L Gonnerman Vice President Development 131969 0 5000 0 180 0 5235 0 13436 0 155820 0 0 Schedule J, Part I, Line 1a Annual social membership at Tumblebrook Country Club for Donor Outreach. Schedule J, Part I, Line 3 The Foundation has adopted a policy for setting the compensation for its chief executive, officers, and other key employees. The policy is designed to ensure that the Foundation's executive compensation arrangements are reasonable. It includes three key components: (1) review and approval of compensation by a committee designated by the Board of Trustees, provided that persons with conflicts of interest are not involved in this review or approval; (2) use of comparable compensation data for similarly qualified persons in functionally comparable positions at similarly situated organizations; and (3) contemporaneous documentation and record-keeping with respect to the deliberations and decisions. X 41 1565085 AVG MKT VALUE 0 1 0 Form 990, Part III, Line 4d Other Programs and Services (Expenses: $2,623,893 including grants of $1,782,121) These include the balance of grants awarded through community grantmaking programs, donor advised program and designated giving in program areas that include Arts and Culture, Social Justice, programs in Israel, Seniors, Religious and Spiritual Development, and Outreach. Form 990, Part VI, Section B, Line 11b A draft IRS Form 990 was prepared by the Foundation's CFO and was distributed to the President and CEO, the Audit Committee chair, and the Foundation's independent auditors for review and comment. A draft of the complete Form 990 was distributed to full Board of Trustees on the board portal prior to filing. Form 990, Part VI, Section B, Line 12c The Foundation has adopted a code of ethics and conflict of individuals within the Foundation covered by the policy that: (1) defines conflicts of interest; (2) defines individuals within the Foundation covered by the policy; (3) facilitates disclosure of information that may help identify conflicts of interest and potential conflicts; and (4) specified procedures to be followed in managing conflicts of interest. Each year the Foundation distributes its Code of Ethics and Conflict of Interest Policy to its Board of Trustees, members of its Audit, Budget and Finance, and Investment Committees, and staff, along with an annual disclosure statement. The completed statements are collected and kept in a locked file. It is the responsibility of trustees, committee members, staff members (and their families) associated with the Foundation to be alert to situations in which a conflict of interest could arise. The Foundation's Conflict of Interest policy requires disclosure of financial and other interests prior to any discussion of the matter under consideration and mandates abstention from decision-making actions when a potential for conflict exists. The Board or committee whose member may have a conflict has the right to review and discuss the matter of a conflict or potential without the affected individual being present. Trustees and committee members who believe that someone may have violated the Foundation's conflict of interest policy are directed to express their concern to the Chair of the Audit committee or to the Chair of the Board of Trustees. Staff would report the issue to the Foundation's President. Steps would then be taken to determine whether a conflict or the potential for conflict exists, and whether to: (1) take no action; (2) assure full disclosure to the Board, committee or others; (3) ask the individual to recuse themselves from participation in discussions or decision making concerning the matter at hand; or (4) ask the individual to resign from their position or, if the individual refuses to resign, become subject to possible removal in accordance with the Foundation's bylaws. The Foundation's President and CFO monitor proposed and ongoing transactions for conflicts of interest and would disclose them to the Chair of the Audit Committee and Chair of the Board of Trustees in order to deal with potential or actual conflicts, whether discovered before or after the transaction has occurred. Form 990, Part VI, Section B, Line 15 The Foundation has adopted a policy for setting compensation for its chief executive, officers, and "key employees". The policy is designed to ensure that the Foundation's executive compensation arrangements are reasonable. It includes three key components: (1) review and approval of compensation by a committee designated by the Board of trustees, provided that persons with conflicts of interest are not involved in their review or approval; (2) use of data as to comparable compensation for similarly qualified persons in functionally comparable positions at similarly situated organizations; and (3) contemporaneous documentation and record keeping with respect to the deliberations and decisions. Form 990, Part VI, Section C, Line 19 The Foundation publishes its audited statements on its website. The Foundation's Certificate of Incorporation is available through the office of the Secretary of the State of Connecticut. Its code of ethics and conflict of interest policy and bylaws are published on its website. Form 990, Part XI, Line 9 Change in market value of Split Interest Agreements ($50,272) and change in cash surrender value of life insurance $37,251.