2023-05-15T12:31:11-07:00 2022-06-30 990 2021-07-01 061372107 JEWISH COMMUNITY FOUNDATION OF GREATER HARTFORD INC JEWI 8605237460 333 Bloomfield Avenue Suite D West Hartford CT 06117 Jacob Schreiber President and CEO 8605237460 2023-05-15 1 11 0 AAL2 X 2021 2023-04-26 12:10:37Z Jacob Schreiber President and CEO 333 Bloomfield Avenue West Hartford CT 06117 22826825 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. 16 16 11 76 0 0 4585932 10458636 0 288107 7242468 9457198 203729 0 12032129 20203941 4989450 4521507 0 0 1319501 1350698 0 0 477480 504191 665500 6813142 6537705 5218987 13666236 171916384 156326856 29288819 28710328 142627565 127616528 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 1467531 1467531 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. 893971 893971 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, the Joyce D. and Andrew J. Mandell Jewish Community Center, and the Jewish Association for Community Living. 893686 893686 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, Hebrew High School of New England, Jewish Teen Learning Connection, Rice University, and the Loomis Chafee School. 2088040 1266319 0 See Schedule O, Statement 1 Other Programs and Services (Expenses: $2,088,040 including grants of $1,266,319) 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. 2088040 1266319 0 5343228 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 4 0 1 11 1 1 1 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CT X X Jacob A Schreiber- President & Chief Executive Officer Jewish Community Foundation of Grtr Hartford 8605237460 333 Bloomfield Avenue Suite D West Hartford CT 06117 Jacob A Schreiber President and CEO 40 X 222867 0 33351 Rhona H Morgan Vice President Finance 45 X 159298 0 37859 Kathryn L Gonnerman Vice President Development 38 X 128254 0 17932 Michael Elfenbaum Vice President Grants Programs 36 X 112181 0 5308 Susan Lotreck Vice President Operations 36 X 105749 0 4796 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 Joshua Gottfried 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 0 X 0 0 0 Rachel Rubin Trustee 1 0 X 0 0 0 Cyral Sheldon Trustee 1 0 X 0 0 0 Alan Solinsky Trustee 1 0 X 0 0 0 Julie R Spivak Trustee 1 0 X 0 0 0 Sidney Ulreich Trustee 1 0 X 0 0 0 Robert K Yass Trustee 1 0 X 0 0 0 728349 0 99246 5 0 1 0 Crewcial Partners LLC 810 Seventh Avenue 32nd Floor New York NY 10019 Investment management 130927 1 0 0 0 0 0 10458636 1902367 10458636 Administrative fees from agency accounts 900099 288107 288107 0 0 0 0 0 0 288107 3085125 0 0 3085125 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 8994957 0 2622884 0 6372073 0 6372073 0 0 6372073 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 20203941 288107 0 9457198 4358332 4358332 163175 163175 0 0 0 0 429959 212919 150916 66124 0 0 0 0 733017 289370 187037 256610 26522 11123 7827 7572 79437 28202 23765 27470 81763 34876 23823 23064 0 0 0 0 7290 0 7290 0 41564 0 41564 0 0 0 0 0 0 0 183273 109963 73310 0 19885 983 17919 983 9453 4254 0 5199 40089 17996 10149 11944 102585 43784 29876 28925 0 0 0 0 78553 0 78553 0 0 0 0 0 0 0 0 0 5809 2690 2690 429 0 0 0 0 0 0 0 0 0 0 0 0 31308 0 31308 0 Professional membership fees 7329 3298 3298 733 Marketing and donor outreach 138362 62263 27672 48427 6537705 5343228 716997 477480 0 0 7119692 4683741 500844 1300660 4568 21723 0 0 0 0 12485 12373 0 0 0 0 54303 54303 0 144686369 128671527 19449255 21480571 0 0 0 0 143171 156261 171916384 156326856 47416 55357 764168 812465 0 0 0 0 28164332 27605206 0 0 0 0 0 0 312903 237300 29288819 28710328 X 142360240 127394992 267325 221536 142627565 127616528 171916384 156326856 X 13666236 -28664516 0 0 0 -12757 X 0 1 X 1 0 X 5164051 2477058 2530364 4585932 10458636 25216041 0 0 0 0 5164051 2477058 2530364 4585932 10458636 25216041 5700646 19515395 1017468 1053875 756624 1080001 3085126 6993094 0 0 0 0 0 0 16634 195088 288107 499829 32708964 0 0.59664 0.65243 X Schedule A, Part II, Line 10 Administrative fees from Agency Custodial accounts $288,107 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 197 915 3947164 6511472 2601454 1920053 45675335 81941193 1 1 1 28164331 1597776 2156901 27605206 1 X 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 65548518 1615244 5961833 1667370 -57279 1354439 70161065 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 8724914 F Venture capital 8988262 F Private international equity 3767395 F 21480571 Split interest agreements 237300 237300 X -8656606 -28664516 0 0 -12757 -28677273 20020667 183274 0 183274 20203941 6354431 0 0 0 0 0 6354431 183274 0 183274 6537705 Schedule D, Part IV, Line 1b 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. Thee funds are treated as assets and liabilities on the 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 1,112 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 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 includes 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 The Foundation is classified by the Internal Revenue Service (IRS) as a tax exempt organization exempt from income taxes under Section 501(a)(1) of the Internal Revenue Code as a public charity. Accordingly, no provision for income taxes has been made in the accompanying financial statements. The Foundation files Federal and State of Connecticut income tax returns for unrelated business income, which represent the major tax jurisdictions of the Foundation. Federal and state tax years 2019-2021 remain open under the statues of limitations. Schedule D, Part XI, Line 2d Change in Split Interest Agreements ($12,757) 1 10000 Degrees 1650 Los Gamos Drive Suite 120 San Rafael CA 94903 953667812 501(C)(3) 20000 0 book Scholarships Advancing CT Together 110 Bartholomew Avenue Suite 3050 Hartford CT 06106 223014883 501(C)(3) 6500 0 book Gen operating support American Friends of NATAL 1120 Avenue of the Americas 4th Floor New York NY 10036 201914370 501(C)(3) 13000 0 book Gen operating support and emergency relief American Friends of Orr Shalom 3706 Enterprise Drive Janesville WI 53546 133502817 501(C)(3) 7000 0 book Gen operating support American Jewish Joint Distribution Committee Inc PO Box 4124 New York NY 10017 131656634 501(C)(3) 56000 0 book Emergency relief Anti-Defamation League CT Regional Office 1952 Whitney Avenue Suite 3 Hamden CT 065171209 131818723 501(C)(3) 7680 0 book Gen operating support Berkshire Opera Festival Inc 54 Wendell Avenue Suite 5 Pittsfield MA 01201 471596750 501(C)(3) 12800 0 book Gen operating support Beth David Synagogue 20 Dover Road West Hartford CT 06119 060712261 501(C)(3) 15814 0 book Gen operating support and COVID relief Beth El Temple of West Hartford 2626 Albany Avenue West Hartford CT 061172331 060699241 501(C)(3) 92767 0 book Gen operating support Big Brothers Big Sisters of Connecticut 30 Laurel Street Hartford CT 06106 060850379 501(C)(3) 15000 0 book Gen operating support Chabad East of the River Inc 25 Harris Street Glastonbury CT 060331106 061030000 501(C)(3) 24720 0 book Gen operating support and COVID relief Chabad Friendship Circle 2352 Albany Avenue West Hartford CT 06117 061030000 501(C)(3) 17750 0 book Gen operating support Chabad House of Greater Hartford 2352 Albany Avenue West Hartford CT 06117 061030000 501(C)(3) 32591 0 book Gen operating support Charter Oak Cultural Center 21 Charter Oak Avenue Hartford CT 06106 061026597 501(C)(3) 44239 0 book Gen operating support Colby College 173 Main Street Waterville ME 049019975 010211497 501(C)(3) 7000 0 book Gen operating support Congregation Adath Israel PO Box 337 Middletown CT 064570337 060669110 501(C)(3) 20570 0 book Gen operating support and scholarships Congregation Beth Israel 701 Farmington Avenue West Hartford CT 061191724 060692758 501(C)(3) 72752 0 book Gen operating support Congregation Kol Haverim 1079 Hebron Avenue Glastonbury CT 060330473 222586288 501(C)(3) 25447 0 book Gen operating support and COVID relief Connecticut Children's Foundation 282 Washington Street Hartford CT 06106 060646755 501(C)(3) 8660 0 book Gen operating support Connecticut Coalition to End Homelessness 257 Lawrence Street Hartford CT 06106 061126880 501(C)(3) 10000 0 book Gen operating support Connecticut Public Broadcasting Inc 1049 Asylum Avenue Hartford CT 061052411 060758938 501(C)(3) 5750 0 book Gen operating support Connecticut Voices for Children 33 Whitney Avenue New Haven CT 065101222 061435280 501(C)(3) 10000 0 book Gen operating support Farmington Valley Jewish Congregation Emek Shalom 55 Bushy Hill Road Simsbury CT 06070 066080265 501(C)(3) 27500 0 book Gen operating support Federation Homes Inc 156 Wintonbury Avenue Bloomfield CT 06002 061019012 501(C)(3) 5429 0 book Special programming Gifts of Love 34 East Main Street Avon CT 06001 061309318 501(C)(3) 5250 0 book Special programming Hadassah Hartford Chapter 43 Carlyle Road West Hartford CT 06117 131656651 501(C)(3) 5544 0 book Gen operating support Harold Grinspoon Foundation 67 Hunt Stree Suite 100 Agawam MA 01001 046685725 501(C)(3) 50000 0 book Library international fund Hartford Foundation for Public Giving 10 Columbus Blvd 8th Floor Hartford CT 06106 060699252 501(C)(3) 6100 0 book Endow 21 Hartford Hartford Hospital Corporate and Foundation Support 80 Seymour Street Hartford CT 061019960 060646668 501(C)(3) 6249 0 book Education Hartford Stage 50 Church Street Hartford CT 06103 060790484 501(C)(3) 11600 0 book Gen operating suppport Hartford Symphony Orchestra 166 Capitol Ave Hartford CT 06106 060637319 501(C)(3) 8800 0 book Gen operating suppport Hebrew Immigrant Aid Society PO Box 97077 Washington DC 200907077 135633307 501(C)(3) 14600 0 book Gen operating support and emergency relief Hebrew Senior Care Inc One Abrahms Boulevard West Hartford CT 061171525 060646672 501(C)(3) 99331 0 book Gen operating support and capital repairs inSIGHT Through Education PO Box 33054 Palm Beach Gardens FL 33420 273388434 501(C)(3) 10000 0 book Gen operating support Integrated Refugee and Immigrant Services 235 Nicoll Street New Haven CT 06511 060653044 501(C)(3) 10000 0 book Emergency relief Jewish Association for Community Living 34 Jerome Avenue Suite 109 Bloomfield CT 06002 061068312 501(C)(3) 74751 0 book Gen operating support and capital repairs Jewish Family and Children Services of Phoenix 4747 N 7th Street Suite 100 Phoenix AZ 85014 860096781 501(C)(3) 7500 0 book Gen operating support Jewish Family Services of Greater Hartford 333 Bloomfield Avenue Suite A West Hartford CT 06117 060653062 501(C)(3) 297024 0 book Gen operating support, programming, and capital repairs Jewish Federation of Greater Hartford 333 Bloomfield Avenue Suite C West Hartford CT 06117 060655482 501(C)(3) 1231796 0 book Gen operating support, programming, cemetary maintenance, and emergency relief Jewish Federation of Greater Washington 6101 Executive Blvd North Bethesda MD 20852 530212445 501(C)(3) 10000 0 book Gen operating support Jewish Federation of the Berkshires 196 South Street Pittsfield MA 01201 042131409 501(C)(3) 11000 0 book Gen operating support and emergency relief Jewish Historical Society of Greater Hartford 333 Bloomfield Avenue Suite B West Hartford CT 06117 061217339 501(C)(3) 38322 0 book Gen operating support Jewish Social Service Agency 200 Wood Hill Road Rockville MD 20850 530196598 501(C)(3) 40000 0 book Programming Jewish Teen Learning Connection 333 Bloomfield Avenue Suite C West Hartford CT 06117 061329245 501(C)(3) 50095 0 book Gen operating support and programming JFACT Fund Inc 40 Woodland Street Hartford CT 06105 061491945 501(C)(3) 21170 0 book Gen operating support and programming Joyce D and Andrew J Mandell Jewish Community Center 335 Bloomfield Avenue West Hartford CT 061171543 060662142 501(C)(3) 179416 0 book Gen operating support and programming Klingberg Family Centers 370 Linwood Street New Britain CT 06052 061487342 501(C)(3) 10000 0 book Gen operating support Mikveh Bess Israel of West Hartford 61 North Main Street West Hartford CT 06107 912154619 501(C)(3) 30000 0 book Gen operating support New England Jewish Academy 300 Bloomfield Avenue West Hartford CT 06117 061455973 501(C)(3) 109925 0 book Gen operating support and scholarships Northeastern University 716 Columbus Avenue Suite 402 Boston MA 02120 041679980 501(C)(3) 10000 0 book Programming Playhouse Theatre Group Inc 244 Park Road West Hartford CT 06119 264840125 501(C)(3) 11000 0 book Gen operating support Reconstructing Judaism 1299 Church Road Wyncote PA 19095 231710675 501(C)(3) 58000 0 book Programming Rice University Development and Alumni Relations PO Box 1892 Houston TX 772511892 741109620 501(C)(3) 101000 0 book Scholarship Saint Francis Hospital and Medical Center Foundation Inc Development Office 95 Woodland Street Hartford CT 061051299 061008255 501(C)(3) 9500 0 book Programming and research Schoke Jewish Family Service of Fairfield County 196 Greyrock Place Stamford CT 06901 061130830 501(C)(3) 7500 0 book Programming Solomon Schechter Day School of Greater Hartford 26 Buena Vista Road West Hartford CT 06107 060873657 501(C)(3) 173506 0 book Gen operating support, scholarships, programming Syracuse University Dept 116244 PO Box 5211 Binghamton NY 13902 150532081 501(C)(3) 25000 0 book Capital Temple Beth El Portland 400 Deering Avenue Portland ME 04103 010228396 501(C)(3) 12500 0 book Cemetary maintenance Temple Beth Hillel of South Windsor 20 Baker Lane South Windsor CT 06074 061242570 501(C)(3) 10296 0 book Gen operating support Temple Chai 4645 East Marilyn Road Phoenix AZ 85032 942381671 501(C)(3) 7500 0 book Gen operating support Temple Emanu El Dallas 8500 Hillcrest Road Dallas TX 75225 750808773 501(C)(3) 25000 0 book Capital Temple Sinai 41 West Hartford Road Newington CT 06111 066011131 501(C)(3) 27121 0 book Gen operating support Temple Sinai Brookline 50 Sewall Avenue Brookline MA 02446 042123667 501(C)(3) 7390 0 book Gen operating support and programming The Bridge Family Center Inc 1022 Farmington Avenue West Hartford CT 06107 237013563 501(C)(3) 6350 0 book Gen operating support The Community Foundation for Greater New Haven 70 Audubon Street New Haven CT 065101248 066032106 501(C)(3) 200000 0 book Community building The Connecticut Agricultural Experiment Station 123 Huntington Street New Haven CT 06511 463092102 501(C)(3) 10000 0 book Gen operating support The Emanuel Synagogue 160 Mohegan Drive West Hartford CT 06117 060675032 501(C)(3) 41224 0 book Gen operating support and COVID relief The Hole in the Wall Gang Camp 555 Long Wharf Drive New Haven CT 06511 061157655 501(C)(3) 5600 0 book Gen operating support The Loomis Chaffee School 4 Batchelder Road Windsor CT 06095 060653119 501(C)(3) 175000 0 book Gen operating support, scholarships, programming Trinity College Development Office 300 Summit Street Room TC243 Hartford CT 06106 060646927 501(C)(3) 12631 0 book Programming Universities Allied for Essential Medicines 641 S Street NW Washington DC 20001 010833168 501(C)(3) 15000 0 book Gen operating support University of Connecticut Foundation Inc 2390 Alumni Drive Unit 3206 Storrs CT 062693206 066070722 501(C)(3) 12750 0 book Programming and scholarship University of Connecticut Hillel Trachten Zachs Hillel House 54 N Eagleville Road Storrs CT 06268 066071635 501(C)(3) 33106 0 book Gen operating support University of Hartford Hillel 200 Bloomfield Avenue Park River Ground Floor West Hartford CT 06117 060731360 501(C)(3) 11484 0 book Gen operating support Upstate Medical College Alumni Association 750 E Adams Street Setnor Academic Building Suite 1510 Syracuse NY 13210 166038703 501(C)(3) 10250 0 book Scholarships Voices of Hope 20 Waterside Drive Suite 100 Farmington CT 06032 814736138 501(C)(3) 28952 0 book Gen operating support and programming Watkinson School Development Office 180 Bloomfield Avenue Hartford CT 061051096 060655136 501(C)(3) 5500 0 book Gen operating support and scholarships World Central Kitchen 655 New York Avenue 6th Floor Washington DC 20001 273521132 501(C)(3) 12000 0 book Gen operating support and emergency relief Yale University School of Medicine Office of Development Box 7611 New Haven CT 065190611 060646973 501(C)(3) 50000 0 book Research Young Israel of West Hartford 2240 Albany Avenue West Hartford CT 06117 222568510 501(C)(3) 8725 0 book Gen operating support and COVID relief 80 0 Education and Related Activities 32 97200 0 Israel and Oversees 12 65975 0 Schedule I, Part I, Line 2 The Foundation has established process to monitor grants to ensure that they are used for proper purposes and are not other wise 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 by 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 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 216133 0 10000 0 4399 0 4284 0 21402 0 256218 0 0 Rhona H Morgan Vice President Finance 162250 0 2500 0 1978 0 6394 0 24035 0 197157 0 0 Schedule J, Part I, Line 1a Annual membership in Tumble Social 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 Trustees, provided that persons with conflicts of interest are not involved in this 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. X 36 1902367 AVG MKT VALUE 0 0 1 0 Form 990, Part III, Line 4d Other Programs and Services (Expenses: $2,088,040 including grants of $1,266,319) 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 Form 990 was distributed to the full Board of Trustees on the board portal prior to filing. Schedule B is available upon request. 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) specifies 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 and members of their families associated with the Foundation to be alert to situations in which a conflict interest could arise. The Foundation 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 themself 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 the 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 ($12,757)