2025-06-30T19:20:35-04:00 2024-12-31 841255164 KUNDINGER CORDER & MONTOYA PC 475 LINCOLN STREET SUITE 200 DENVER CO 80203 990 2024-01-01 311650658 COMMUNITY FOUNDATION OF THE GUNNISON VALLEY COMM 9706418837 525 NORTH MAIN STREET GUNNISON CO 81230 LAUREN KUGLER EXECUTIVE DIRECTOR 9706418837 2025-06-30 true true KRISTIN CALDER P01720813 3035345953 2025-06-30 2024 2025-03-06 01:10:19Z LAUREN KUGLER 525 NORTH MAIN STREET GUNNISON CO 81230 9820111 false X WWW.CFGV.ORG X 1997 CO PROVIDE A CHARITABLE CONDUIT TO IMPROVE THE GUNNISON AREA AS A PLACE TO LIVE. 12 12 5 50 0 1174318 4619376 19281 7709 395383 5193026 0 1588982 9820111 609767 2840215 0 288636 304762 0 57840 226619 355602 1125022 3500579 463960 6319532 15004295 18085161 1276696 1445040 13727599 16640121 TO PROVIDE A PERMANENT ENTITY TO MANAGE RESOURCES TO HELP BUILD COMMUNITY FOR THE BENEFIT OF ALL RESIDENTS OF THE GUNNISON WATERSHED. false false 3060434 2825215 7709 FACILITATE CONTRIBUTIONS AND FUNDING FOR VARIOUS COMMUNITY PROJECTS. 15000 15000 FACILITATE CONTRIBUTIONS FOR SCHOLARSHIPS AND GRANTS. 3075434 true true false false false true false false false true false false false false true false true false false false false false false false false false false true true false false false false false false false false false false false false false false false false false false true 12 0 5 true false false false false false true true false false false false false false false false false X 12 12 false false false false false false false true true false false true true true true true true true true false AL CA CO CT FL GA HI IL KS KY ME MD MA MI MN MS NV NH NJ NM NY NC ND OH OK OR PA RI SC TN VA WA WV WI X X THE ORGANIZATION 9706418837 525 NORTH MAIN STREET GUNNISON CO 81230 LAUREN KUGLER EXECUTIVE DI 40.00 X X 95305 0 7709 DAVE CLAYTON PRESIDENT 0.50 X X 0 0 0 LISA RODMAN VICE PRESIDE 0.50 X X 0 0 0 KATHY FOGO SECRETARY 0.50 X X 0 0 0 COLLEEN HEGEMAN TREASURER 0.50 X X 0 0 0 JASON AMRICH DIRECTOR 0.50 X 0 0 0 BILL BURKE DIRECTOR 0.50 X 0 0 0 MARK EWING DIRECTOR 0.50 X 0 0 0 ANNE HAUSLER DIRECTOR 0.50 X 0 0 0 CAROL JOHNSON DIRECTOR 0.50 X 0 0 0 GARY KEISER DIRECTOR 0.50 X 0 0 0 LEEANN MICK DIRECTOR 0.50 X 0 0 0 ROSE ZEALAND DIRECTOR 0.50 X 0 0 0 95305 7709 false false false 2158729 2460647 8788 4619376 ADMINISTRATIVE FEES 7709 7709 7709 302366 302366 4890660 4890660 4890660 4890660 9820111 7709 5193026 2825215 2825215 15000 15000 103186 9668 77978 15540 167794 65431 91158 11205 14015 5468 7603 944 19767 5584 12262 1921 40120 15875 20887 3358 30354 30354 96492 38182 50234 8076 11716 4636 6099 981 58331 23082 30367 4882 34549 13671 17986 2892 35437 14022 18449 2966 7546 2986 3928 632 PROGRAM EXPENSE 36614 36614 OTHER EXPENSE 4443 4443 3500579 3075434 367305 57840 411336 889428 1037845 1513759 19757 1000 1000 13237915 15447466 90641 51049 205801 182459 15004295 18085161 55967 35812 1220729 1409228 1276696 1445040 X 2247161 2485230 11480438 14154891 13727599 16640121 15004295 18085161 X 6319532 -2982696 -424314 X false true X true true true X 1649863 2189996 1799344 1174318 4619376 11432897 1649863 2189996 1799344 1174318 4619376 11432897 11432897 196915 195163 88762 334947 302366 1118153 12551050 38668 0.91090 0.88800 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 42 991078 489838 8864793 true true 9029233 549807 1206303 393712 105606 10286015 7889683 120884 1428648 319127 90865 9029223 10318722 -1441693 305124 587741 94481 7889683 9116603 499041 1298883 543351 95731 10275445 5751904 2135762 149082 74831 44886 7917031 0.12930 0.87070 false false AGENCY OBLIGATIONS 1277972 REFUNDABLE ADVANCE 73697 OPERATING LEASE LIABILITY 57559 1409228 6347270 -2982696 -2982696 9329966 30354 459791 490145 9820111 3434748 3434748 30354 35477 65831 3500579 SCHEDULE D, PAGE 2, PART V, LINE 4 ENDOWMENTS, BOTH BOARD AND DONOR RESTRICTED, WILL BE UTILIZED TO FUND THE FOUNDATION'S MISSION BY PROVIDING RESOURCES TO HELP BUILD COMMUNITY FOR THE BENEFIT OF ALL RESIDENTS OF THE GUNNISON WATERSHED. SCHEDULE D, PAGE 4, PART XI, LINE 4B AGENCY CONTRIBUTIONS 25,000 AGENCY INVESTMENT RETURNS 18,351 AGENCY REALIZED GAINS 416,440 SCHEDULE D, PAGE 4, PART XII, LINE 4B AGENCY GRANTS 35,477 true ADAPTIVE SPORTS CENTER PO BOX 1639 CRESTED BUTTE CO 81224 841063447 501C3 9800 ATHLETICS & RECREATI AH HAA SCHOOL FOR THE ARTS PO BOX 1590 TELLURIDE CO 81435 232594045 501C3 25000 ARTS & CULTURE BASIN CLINIC INC 421 WEST ADAMS STREET NATURITA CO 81422 840820573 501C3 50000 HEALTH & HUMAN SERVI BLACK CANYON BOYS & GIRLS CLUB INC 1869 EAST MAIN STREET MONTROSE CO 81401 841508048 501C3 40000 HEALTH & HUMAN SERVI BLUE SAGE CENTER FOR THE ARTS 228 GRAND AVENUE PAONIA CO 81428 841335434 501C3 25000 ARTS & CULTURE CASA - YOUTH AND FAMILY ADVOCACY SE PO BOX 1708 MONTROSE CO 81402 841546403 501C3 72200 HEALTH & HUMAN SERVI CB STATE OF MIND PO BOX 1083 CRESTED BUTTE CO 81224 843477504 501C3 71192 HEALTH & HUMAN SERVI CENTER FOR THE ARTS PO BOX 1819 CRESTED BUTTE CO 81224 742451146 501C3 56250 ARTS & CULTURE 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FRIENDS OF THE PARADISE THEATRE PO BOX 886 PAONIA CO 81428 464780502 501C3 20000 ARTS & CULTURE FRIENDS OF THE WRIGHT OPERA HOUSE PO BOX 886 OURAY CO 81427 262039839 501C3 40000 ARTS & CULTURE GUNNISON ARTS CENTER 102 SOUTH MAIN STREET GUNNISON CO 81230 742325340 501C3 25800 ARTS & CULTURE GUNNISON ARTS CENTER - AGENCY 102 SOUTH MAIN STREET GUNNISON CO 81230 742325340 501C3 29247 ARTS & CULTURE GUNNISON COUNTRY FOOD PANTRY PO BOX 7077 GUNNISON CO 81230 208197462 501C3 95745 HEALTH & HUMAN SERVI GUNNISON COUNTY DEPT OF HEALTH & HUMAN SERVICE 220 NORTH SPRUCE STREET GUNNISON CO 81230 GOV 7700 HEALTH & HUMAN SERVI GUNNISON COUNTY JUVENILE SERVICES 200 EAST VIRGINIA AVENUE GUNNISON CO 81230 GOV 11147 EDUCATION GUNNISON COUNTY PIONEER & HISTORICA 803 EAST TOMICHI AVENUE GUNNISON CO 81230 840527500 501C3 9750 HISTORICAL PRES GUNNISON RANCHLAND CONSERVATION LEG 307 NORTH MAIN STREET STE 2H GUNNISON CO 81230 841339198 501C3 5250 ENVIRONMENT GUNNISON SANCTUARY HOUSING INC C/O EDWARD HOWARD PO 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501C3 50000 COMMUNITY DEV KBUT COMMUNITY RADIO PO BOX 308 CRESTED BUTTE CO 81224 742325285 501C3 49250 COMMUNITY DEV KOTO FM 207 NORTH PINE STREET TELLURIDE CO 81435 237317485 501C3 40000 EDUCATION LAKE CITY ARTS COUNCIL 300 SILVER STREET LAKE CITY CO 81235 841238386 501C3 25000 ARTS & CULTURE LIGHTHOUSE PREGNANCY CENTER 223 NORTH IOWA STREET GUNNISON CO 81230 300759390 501C3 9692 HEALTH & HUMAN SERVI LIVING JOURNEYS PO BOX 2024 CRESTED BUTTE CO 81224 341974654 501C3 64100 HEALTH & HUMAN SERVI MOUNTAIN ROOTS FOOD PROJECT PO BOX 323 GUNNISON CO 81230 453815587 501C3 65250 HEALTH & HUMAN SERVI MOUNTAINFILM LTD PO BOX 1088 TELLURIDE CO 81435 841271056 501C3 25000 ARTS & CULTURE NORTH FORK VALLEY PUBLIC RADIO INC 223 GRAND AVENUE PAONIA CO 81428 840755730 501C3 40000 COMMUNITY DEV OH BE JOYFUL CHURCH PO BOX 175 CRESTED BUTTE CO 81224 10000 COMMUNITY DEV ONE TO ONE MENTORING 100 WEST COLORADO AVENUE TELLURIDE CO 81435 841502625 501C3 20000 HEALTH & HUMAN SERVI PALM ARTS INC 721 WEST 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EDUCATION THE TRAILHEAD CHILDREN'S MUSEUM AGENCY PO BOX 1508 CRESTED BUTTE CO 81224 262162713 501C3 6230 EDUCATION TRUE NORTH YOUTH PROGRAM PO BOX 2072 TELLURIDE CO 81435 464789197 501C3 50000 EDUCATION VALLEY FOOD PARTNERSHIP 300 HAP COURT OLATHE CO 81425 204915575 501C3 45000 COMMUNITY DEV VALLEY HOUSING FUND PO BOX 1742 GUNNISON CO 81230 272032108 501C3 50250 COMMUNITY DEV WEST ELK HOCKEY ASSOCIATION PO BOX 1697 GUNNISON CO 81230 262689459 501C3 33600 ATHLETICS & RECREATI WEST END ECONOMIC DEVELOPMENT CORPO 217 WEST MAIN STREET NATURITA CO 81422 901017957 501C3 40000 COMMUNITY DEV WEST END FAMILY LINK CENTER 853 MAIN STREET NUCLA CO 81424 841611156 501C3 50000 COMMUNITY DEV WESTERN COLORADO UNIVERSITY 1 WESTERN WAY GUNNISON CO 81231 846000558 GOV 10000 ATHLETICS & RECREATI 135 1 SCHOLARSHIP 13 15000 SCHEDULE I, PAGE 1, PART I, LINE 2 PART I, LINE 2: EXPLANATION: WITH AN ORGANIZATION'S APPLICATION TO THE COMMUNITY FOUNDATION OF THE GUNNISON VALLEY FOR A GRANT, WE REQUIRE A COPY OF THE ORGANIZATION'S CURRENT CERTIFICATE OF GOOD STANDING FROM THE STATE OF COLORADO OR THAT OF THEIR FISCAL AGENT. STAFF ALSO USES GUIDESTAR "CHARITY CHECK" TO VERIFY CHARITABLE STATUS, IRS DEDUCTIBILITY CODE, AND DEDUCTIBILITY LIMITATIONS; IRS BUSINESS MASTER FILE DATA-IDENTIFY SUPPORTING ORGANIZATIONS AND, WHERE AVAILABLE, TYPE OF SUPPORTING ORGANIZATION IN COMPLIANCE WITH THE PENSION PROTECTION ACT OF 2006; IDENTIFY NONPROFITS WHOSE TAX EXEMPT STATUS HAS BEEN REVOKED UNDER THE PENSION PROTECTION ACT FOR FAILURE TO FILE ANNUAL RETURNS FOR THREE CONSECUTIVE YEARS; AND TO IDENTIFY NONPROFITS WHOSE TAX- EXEMPT STATUS HAS BEEN REVOKED FOR REASONS OTHER THAN FAILURE TO FILE AND LINK DIRECTLY TO INTERNAL REVENUE BULLETINS IN WHICH THE REVOCATIONS WERE ANNOUNCED. GRANT PROPOSALS ARE REVIEWED BY STAFF, NOTES ARE WRITTEN REGARDING ABOVE-MENTIONED STATUS WITH THE STATE AND THE IRS. ADDITIONALLY, STAFF REVIEWS THE PROPOSAL TO DETERMINE IF THE REQUEST MEETS THE ORGANIZATION'S STATED MISSION AND IS WITHIN THE GRANTING GUIDELINES OF THE FOUNDATION. APPLICATIONS ARE SUBMITTED ELECTRONICALLY AND ARE REVIEWED BY STAFF AND THEN BY THE GRANTS COMMITTEE, MEMBERS OF WHICH ARE EXPECTED TO REVIEW EACH PROPOSAL PRIOR TO THE REVIEW MEETING. THE MEMBERS OF THE GRANTS COMMITTEE REPRESENT VARIOUS COMMUNITIES WITHIN OUR VALLEY AS DETERMINED BY GEOGRAPHY, AGE, BACKGROUND, INTERESTS, SKILLS AND AGE. MEMBERS OF THE COMMITTEE ARE CHOSEN AND/OR APPOINTED FROM RECOMMENDATIONS OF BOTH BOARD AND STAFF. THE COMMITTEE FIRST DISCLOSES ANY CONFLICTS THEY MIGHT HAVE WITH ANY OF THE APPLICATIONS THAT WILL BE DISCUSSED AND THAT IS NOTED. THE COMMITTEE THEN DISCUSSES THE APPLICATION BEFORE THEM AND THEN RATES THE PROPOSAL ON THE FOLLOWING CRITERIA: NEED, MISSION, WHAT DIFFERENCE THE PROGRAM WILL MAKE IN THE COMMUNITY, REALISTIC BUDGET, ABILITY TO CARRY OUT THE PROGRAM AND THEIR EVALUATION CRITERIA. ANYONE WITH A CONFLICT (FOR A PARTICULAR AGENCY REQUESTING A GRANT)ABSTAINS FROM THE RATING PROCESS. THE SMAPPLY SOFTWARE PRODUCES A LIST OF GRANT REQUESTS RANKED IN ORDER OF THE GRANT COMMITTEE'S SCORES FOR EACH ORGANIZATION. THE RANKED LIST IS GIVEN TO THE REVIEW COMMITTEE AND IT ISREVIEWED, FURTHER DISCUSSION ENSUES AND A RECOMMENDATION IS PREPARED FOR THE FOUNDATION BOARD TO REVIEW AND ACT UPON. THE RATING/RANKING PROCESS SIMPLIFIES THE DECISION-MAKING PROCESS AND ENABLES THE COMMITTEE TO SEE CLEARLY WHERE THE ORGANIZATION RANKS OVERALL IN THE MIX AND MAKES IT EASIER TO ATTACH DOLLAR FIGURES FOR RECOMMENDATION TO THE BOARD. THE COMMITTEE REVIEWS PROPOSALS ONCE A YEAR AND MAKES RECOMMENDATIONS TO THE BOARD AT THE FIRST MEETING FOLLOWING THE REVIEW DAY FOR THOSE ORGANIZATIONS THEY BELIEVE MERIT FUNDING AND THOSE ENTITIES THAT THE COMMITTEE RECOMMENDS FOR DECLINATION. THE BOARD MAKES THE FINAL DECISIONS ON GRANT RECIPIENTS. AGENCIES THAT ARE BEING DENIED ARE NOTIFIED PRIOR (BY A DAY) THAN THOSE WHO ARE RECEIVING SUCCESSFUL PROPOSAL ACKNOWLEDGEMENTS. THOSE WHO ARE GRANT RECIPIENTS MUST SIGN A SIMPLE AGREEMENT WITH THE FOUNDATION THAT STATES THEY WILL USE THE GRANT FUNDS FOR THE PURPOSE(S) STATED IN THEIR PROPOSALS OR REMAINING MONIES WILL BE RETURNED TO THE FOUNDATION PRIOR TO RECEIVING THEIR GRANT CHECKS. THE AGREEMENT IS VERY SPECIFIC ABOUT COMPLIANCE WITH THE PATRIOT ACT AND STATES: "IN COMPLIANCE WITH EXECUTIVE ORDER 13224 OF THE UNITED STATES' PATRIOT ACT, THIS GRANT WILL NOT BE USED TO SUPPORT NAMED TERRORIST ORGANIZATIONS OR THOSE WHO MAY BE OTHERWISE ASSOCIATED WITH TERRORISTS. THE COMMUNITY FOUNDATION OF THE GUNNISON VALLEY ACKNOWLEDGES THAT "SUPPORT" DOES NOT INCLUDE NON-VIOLENT ACTIVITIES INTENDED TO PROTECT OR PROMOTE CONSTITUTIONAL RIGHTS." THEY ARE ALSO REMINDED THAT A NARRATIVE AND FINANCIAL REPORT WILL BE DUE AT THE END OF THE GRANT TERM. (THIS INFORMATION IS ALSO INCLUDED IN THE GRANT GUIDELINES.) STAFF REVIEWS REPORTS TO SEE THAT THE FUNDING WAS USED FOR THE PURPOSES FOR WHICH IT WAS GRANTED. WE HAVE HAD OCCASION TO REQUEST THE RETURN OF GRANT FUNDS BECAUSE OF OUR DILIGENCE IN KNOWING WHAT IS HAPPENING WITH THE NONPROFITS IN OUR VALLEY, THOSE WE HAVE FUNDED AND THOSE WE HAVE NOT, AND WE HAVE HAD OCCASION TO REQUEST MORE THOROUGH REPORTS WHEN THERE WAS A QUESTION ABOUT HOW THE GRANT FUNDS WERE USED. WHEN A DONOR RECOMMENDS A GRANT FROM A DONOR ADVISED FUND ALL DUE DILIGENCE STEPS ARE FOLLOWED; HOWEVER, THERE IS NO COMMITTEE PROCESS. THE EXECUTIVE DIRECTOR HAS THE DELEGATED AUTHORITY TO AUTHORIZE DAF RECOMMENDATIONS UP TO AND INCLUDING 25,000 WITHOUT SUBMITTING TO COMMITTEE; GRANTS ARE REPORTED TO THE BOARD AT REGULARLY SCHEDULED MEETINGS. A REPORT IS MADE TO THE BOARD AT THE NEXT REGULARLY SCHEDULED MEETING ALONG WITH THE DONOR ADVISED GRANTS PROVED BY THE EXECUTIVE DIRECTOR. ANY RECOMMENDATION FOR MORE THAN 25,000 IS REVIEWED AND APPROVED, IF IN COMPLIANCE WITH FOUNDATION GUIDELINES, BY THE BOARD OF DIRECTORS. THE BOARD OF THE COMMUNITY FOUNDATION OF THE GUNNISON VALLEY SHALL ANNUALLY APPOINT ALL MEMBERS OF EACH SCHOLARSHIP AND GRANT SELECTION COMMITTEE AFTER RECEIVING BASIC INFORMATION ABOUT WHY THE INDIVIDUAL IS QUALIFIED TO BE ON THE COMMITTEE. THE ADVISORY PRIVILEGES OF THE DONOR AND ANY PERSON DESIGNATED BY THE DONOR ARE PERFORMED EXCLUSIVELY IN SUCH PERSON'S CAPACITY AS A MEMBER OF THE COMMITTEE. A DONOR OR RELATED PARTY MAY SERVE ON A SELECTION COMMITTEE, BUT NO COMBINATION OF THE DONOR AND PERSONS DESIGNATED BY THE DONOR (OR PERSONS CONSIDERED TO BE RELATED PARTIES TO SUCH PERSONS) MAY CONTROL, DIRECTLY OR INDIRECTLY, THE COMMITTEE AND THEY MAY NOT CONSTITUTE A MAJORITY OF THE COMMITTEE. A DONOR MAY SUGGEST SOME MEMBERS OF THE COMMITTEE BUT THE FOUNDATION HAS THE POWER TO ACCEPT OR REJECT ANY SUGGESTIONS. A DONOR SERVING IN AN ADVISORY CAPACITY WILL BE ASKED TO DISCLOSE ANY FAMILY OR EMPLOYMENT RELATIONSHIPS EXISTING WITH OTHER COMMITTEE MEMBERS. A DONOR CAN BE AN INDIVIDUAL, A DECEASED PERSON, A CHARITY OR OTHER NONPROFIT ORGANIZATION, A CORPORATION OR OTHER BUSINESS, A PROFESSIONAL OR ALUMNI GROUP, OR OTHER ENTITY. DAN TREDWAY MEMORIAL EXCELLENCE IN TEACHING AWARD IN THE ORIGINAL FUND AGREEMENT, THE REVIEW COMMITTEE FOR THE DAN TREDWAY MEMORIAL EXCELLENCE IN TEACHING AWARD WAS REQUIRED TO BE ANONYMOUS ALTHOUGH THE MEMBERS MAY HOLD SPECIFIC POSITIONS IN THE SCHOOL DISTRICT, (SUPERINTENDENT, WINNER FROM PREVIOUS YEAR, TEACHER REPRESENTATIVES FROM SPECIFIC SCHOOLS, ETC) MANY CHANGE EACH YEAR. IN ORDER TO COMPLY WITH CURRENT LAW, AND TO MAINTAIN DONOR INTENT, THE BOARD OF THE FOUNDATION HAS GIVEN THE AUTHORITY TO THE EXECUTIVE DIRECTOR TO ASSURE COMPLIANCE WITH THE PENSION PROTECTION ACT. THE NAMES OF THE COMMITTEE ARE PLACED IN THE FILE AND THE EXECUTIVE DIRECTOR AFFIRMS THAT DUE DILIGENCE WAS PERFORMED TO ENSURE THAT THE COMMITTEE COMPOSITION IS AS INTENDED AND IN COMPLIANCE WITH THE LAW AND THE COMMITTEE REMAINS ANONYMOUS TO THE PUBLIC. PART IV - ADDITIONAL SUPPLEMENTAL INFORMATION EXPLANATION: ADDED TO DUE DILIGENCE PROCESS TO COMPLY WITH THE 2006 PENSION PROTECTION ACT: IF AT ANY TIME A GRANT RECOMMENDATION IS FOR AN ORGANIZATION THAT OTHER THAN A 501(C)(3), ADDITIONAL RESEARCH AND ASSESSMENT WILL BE UNDERTAKEN (EXPENDITURE RESPONSIBILITIES) TO DETERMINE THE EXACT TAX-EXEMPT CLASSIFICATION OF THE ORGANIZATION. AS NECESSARY, THE EXECUTIVE DIRECTOR WILL CONDUCT A PRE-GRANT INQUIRY TO DETERMINE IF THE PURPOSE FOR WHICH THE GRANT IS BEING RECOMMENDED IS CHARITABLE, THE GRANTEE IS ABLE TO PERFORM THE PROPOSED ACTIVITY, THE GRANTEE MAINTAINS SEPARATE ACCOUNTS FOR CHARITABLE AND NON-CHARITABLE FUNDS, AND THE FOUNDATION WILL REQUIRE THAT FOLLOW-UP REPORTS BE PROVIDED ON THE USE OF THE GRANT RECEIVED. IF THOSE REQUIREMENTS ARE SATISFIED, THE BOARD MAY CONSIDER THE RECOMMENDATION. AT THIS TIME, GRANTS TO SUPPORTING ORGANIZATIONS ARE NOT ALLOWED FROM DONOR ADVISED FUNDS AT THE CFGV. IF OUR POLICY REGARDING SUPPORTING ORGANIZATIONS SHOULD CHANGE, ANY CONTROL OR CONNECTION TO THE DONOR ADVISOR OR HIS APPOINTEE WILL ALSO BE IDENTIFIED AND DISCLOSED AT THAT TIME. SINCE THE RECOMMENDED GRANTEE WOULD NOT BE WITHIN THE TAX CLASSIFICATIONS THE FOUNDATION WISHES TO SUPPORT THROUGH ITS DONOR-ADVISED FUND PROGRAM, AND SINCE THESE SPECIAL EXPENDITURE RESPONSIBILITIES REQUIRE ONGOING EFFORT AND STAFF ATTENTION, THE BOARD MAY DECLINE THE GRANT RECOMMENDATION AT ANY POINT. THE ADVISOR WILL, OF COURSE, BE NOTIFIED PROMPTLY AND ALTERNATE CHOICES DISCUSSED. FORM 990, PART VI THE FOUNDATION'S FINANCIAL GUIDELINES CALL FOR REVIEW OF THE FORM 990 BY THE BOARD PRIOR TO SUBMISSION. THE AUDIT COMMITTEE MAKES A PRESENTATION TO THE BOARD AT A REGULAR BOARD MEETING OR VIA ELECTRONIC COMMUNICATION PRIOR TO FILING THE DOCUMENT. FORM 990, PAGE 6, PART VI, LINE 11B FORM 990, PART VI, SECTION B, LINE 11B: THE FOUNDATION'S FINANCIAL GUIDELINES CALL FOR REVIEW OF THE FORM 990 BY THE BOARD PRIOR TO SUBMISSION. THE AUDIT COMMITTEE MAKES A PRESENTATION TO THE BOARD AT A REGULAR BOARD MEETING PRIOR TO FILING THE DOCUMENT FORM 990, PAGE 6, PART VI, LINE 12C FORM 990, PART VI, SECTION B, LINE 12C: EACH JANUARY, EVERY MEMBER OF THE BOARD AND STAFF ARE GIVEN BOTH THE CONFLICT OF INTEREST AND DISCLOSURE POLICIES TO REVIEW AND EACH FILLS OUT A NEW CONFLICT OF INTEREST AND DISCLOSURE FORM AND SIGNS THOSE FORMS. AT MEETINGS, MEMBERS ARE FREQUENTLY ASKED IF THERE ARE CONFLICTS OR AND ANY CONFLICT IS NOTED IN THE MINUTES. WHEN A CONFLICT EXISTS, THE PERSON WITH THE CONFLICT MAY TAKE PART IN THE CONVERSATION BUT MAY NOT VOTE ON THE ISSUE AT HAND. THIS FOUNDATION IS VERY SENSITIVE TO EVEN THE PERCEPTION OF A CONFLICT.IN GRANT AND SCHOLARSHIP REVIEWS, IF THERE IS A CONFLICT OF INTEREST, THE PERSON LEAVES THE ROOM DURING DISCUSSION AND DOES NOT VOTE. FORM 990, PAGE 6, PART VI, LINE 15A FORM 990, PART VI, SECTION B, LINE 15: THE GOVERNANCE AND FINANCE COMMITTEES REVIEW COMPENSATION OF SIMILAR SIZE ORGANIZATIONS USING INTERNET AND PUBLISHED DATA; THEY THEN LOOK AT OTHER NONPROFITS IN OUR SERVICE AREA, DETERMINE WHAT OUR BUDGET LIMITATIONS ARE AND RECOMMEND TO THE BOARD A NUMBER FOR THE COMPENSATION OF THE EXECUTIVE DIRECTOR. FORM 990, PAGE 6, PART VI, LINE 15B FORM 990, PART VI, LINE 15B - COMPENSATION REVIEW & APPROVAL PROCESS THE GOVERNANCE AND FINANCE COMMITTEES REVIEW COMPENSATION OF SIMILAR SIZE ORGANIZATIONS USING INTERNET AND PUBLISHED DATA; THEY THEN LOOK AT OTHER NONPROFITS IN OUR SERVICE AREA, DETERMINE WHAT OUR BUDGET LIMITATIONS ARE AND RECOMMEND TO THE BOARD A NUMBER FOR THE COMPENSATION OF THE EXECUTIVE DIRECTOR. FORM 990, PAGE 6, PART VI, LINE 17 MICHIGAN, MINNESOTA, MISSISSIPPI, NEVADA, NEW HAMPSHIRE, NEW JERSEY, NEW MEXICO, NEW YORK, NORTH CAROLINA, NORTH DAKOTA, OHIO, OKLAHOMA, OREGON, PENNSYLVANIA, RHODE ISLAND, SOUTH CAROLINA, TENNESSEE, VIRGINIA, WASHINGTON, WEST VIRGINIA, WISCONSIN FORM 990, PAGE 6, PART VI, LINE 19 FORM 990, PART VI, SECTION C, LINE 19: THE FOUNDATION MAINTAINS A PUBLIC BOOK WITH GOVERNING DOCUMENTS, AUDITS AND FORM 990 THAT ARE AVAILABLE TO THE PUBLIC AND PUBLISHES ITS STATEMENT OF ACTIVITIES ON THE WEBSITE AND IN THE ANNUAL REPORT. THE WEBSITE DIRECTS INTERESTED PARTIES TO GUIDESTAR FOR THE FULL 990. FORM 990, PART XI, LINE 9 AGENCY CONTRIBUTIONS -25,000 AGENCY INVESTMENT RETURNS -18,351 AGENCY REALIZED GAINS -416,440 AGENCY GRANTS 35,477 AGENCY CONTRIBUTIONS/GRANTS, NET 0 TOTAL -424,314