TY 2020 Form 990 Schedule O

Instrumentl eFile RenderObject ID: 202133089349302248 - Rendered 2024-04-28 TIN: 31-0669700

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
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Attach to Form 990 or 990-EZ.
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Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2020

Open to Public
Inspection

Name of the organization

THE GREATER CINCINNATI FOUNDATION

Employer identification number

31-0669700

Return Reference	Explanation
FORM 990, PART VI, SECTION A, LINE 2	GEORGE VINCENT IS THE BOARD CHAIR OF THE CHRIST HOSPITAL BOARD OF TRUSTEES WHILE MIKE KEATING REMAINS ON THE BOARD AS ITS FORMER PRESIDENT AND CEO.
FORM 990, PART VI, SECTION B, LINE 11B	UPON RECEIPT OF THE COMPLETED FORM 990 FROM CLARK SCHAEFER HACKETT, OUR ACCOUNTING FIRM, MANAGEMENT PROVIDES A COMPLETED COPY OF THE FORM 990 TO ALL MEMBERS OF OUR GOVERNING BOARD PRIOR TO FILING.
FORM 990, PART VI, SECTION B, LINE 12C	THE FOUNDATION HAS EACH BOARD MEMBER COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE EACH YEAR. WHEN A POTENTIAL CONFLICT IS IDENTIFIED, IT IS DISCLOSED TO THE FOUNDATION'S OUTSIDE LEGAL COUNSEL FOR REVIEW. LEGAL COUNSEL MAKES A DETERMINATION IF THERE IS TRULY A CONFLICT, AND IF SO, WHAT THE REMEDY SHOULD BE. THE FOUNDATION'S MANAGEMENT COMPLIES BY FOLLOWING THE GUIDANCE OF OUR OUTSIDE LEGAL COUNSEL.
FORM 990, PART VI, SECTION B, LINE 15	CEO- THE BOARD CHAIR OBTAINS FEEDBACK REGARDING THE CEO PERFORMANCE. DURING THE SECOND QUARTER OF THE YEAR, THE BOARD CHAIR ALSO OBTAINS COMPARATIVE CEO SALARY INFORMATION, COMPENSATION HISTORY, AND ANY PERKS AND BENEFITS INFORMATION FROM THE ORGANIZATION'S CFO. THE EXECUTIVE COMMITTEE REVIEWS THIS INFORMATION AND RECOMMENDS AN APPROPRIATE COMPENSATION PACKAGE TO THE BOARD CHAIR. THE BOARD CHAIR TAKES INTO ACCOUNT THE RECOMMENDATION OF THE EXECUTIVE COMMITTEE AND PRESENTS THE COMPENSATION PACKAGE TO THE CEO. THE BOARD CHAIR THEN NOTIFIES THE CFO OF THE NEW CEO PACKAGE TO GO INTO EFFECT JUNE 1 OF EACH YEAR. OFFICERS- EACH FALL, AN OPERATING BUDGET IS DEVELOPED THAT INCLUDES RECOMMENDED SALARY AND BENEFITS INCREASES FOR OFFICERS. THE BUDGET IS SUBMITTED TO THE BOARD'S FINANCE AND AUDIT COMMITTEE, ALONG WITH ANNUAL COMPETITIVE SALARY INFORMATION. THE FINANCE AND AUDIT COMMITTEE REVIEWS THE INFORMATION AND MAKES A RECOMMENDATION TO THE FULL BOARD TO EITHER ACCEPT THE PROPOSED EXECUTIVE COMPENSATION LEVELS IN THE BUDGET FOR THE NEXT YEAR OR TO MODIFY IT. THE BOARD DECIDES WHETHER TO ACCEPT THE RECOMMENDATION OR MAKE CHANGES AT ITS ANNUAL DECEMBER BOARD MEETING. ANNUAL CHANGES TO COMPENSATION GO INTO EFFECT ON MARCH 1 OF EACH YEAR.
FORM 990, PART VI, SECTION C, LINE 19	THE GCF AUDITED FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST.
FORM 990, PART XI, LINE 9:	CHANGE IN VALUE OF PERP TRUST 391,490.
FORM 990, PART XII, LINE 2C:	THE PROCESS HAS NOT CHANGED.

Return Reference

Explanation

FORM 990, PART VI, SECTION A, LINE 2

GEORGE VINCENT IS THE BOARD CHAIR OF THE CHRIST HOSPITAL BOARD OF TRUSTEES WHILE MIKE KEATING REMAINS ON THE BOARD AS ITS FORMER PRESIDENT AND CEO.

FORM 990, PART VI, SECTION B, LINE 11B

UPON RECEIPT OF THE COMPLETED FORM 990 FROM CLARK SCHAEFER HACKETT, OUR ACCOUNTING FIRM, MANAGEMENT PROVIDES A COMPLETED COPY OF THE FORM 990 TO ALL MEMBERS OF OUR GOVERNING BOARD PRIOR TO FILING.

FORM 990, PART VI, SECTION B, LINE 12C

THE FOUNDATION HAS EACH BOARD MEMBER COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE EACH YEAR. WHEN A POTENTIAL CONFLICT IS IDENTIFIED, IT IS DISCLOSED TO THE FOUNDATION'S OUTSIDE LEGAL COUNSEL FOR REVIEW. LEGAL COUNSEL MAKES A DETERMINATION IF THERE IS TRULY A CONFLICT, AND IF SO, WHAT THE REMEDY SHOULD BE. THE FOUNDATION'S MANAGEMENT COMPLIES BY FOLLOWING THE GUIDANCE OF OUR OUTSIDE LEGAL COUNSEL.

FORM 990, PART VI, SECTION B, LINE 15

CEO- THE BOARD CHAIR OBTAINS FEEDBACK REGARDING THE CEO PERFORMANCE. DURING THE SECOND QUARTER OF THE YEAR, THE BOARD CHAIR ALSO OBTAINS COMPARATIVE CEO SALARY INFORMATION, COMPENSATION HISTORY, AND ANY PERKS AND BENEFITS INFORMATION FROM THE ORGANIZATION'S CFO. THE EXECUTIVE COMMITTEE REVIEWS THIS INFORMATION AND RECOMMENDS AN APPROPRIATE COMPENSATION PACKAGE TO THE BOARD CHAIR. THE BOARD CHAIR TAKES INTO ACCOUNT THE RECOMMENDATION OF THE EXECUTIVE COMMITTEE AND PRESENTS THE COMPENSATION PACKAGE TO THE CEO. THE BOARD CHAIR THEN NOTIFIES THE CFO OF THE NEW CEO PACKAGE TO GO INTO EFFECT JUNE 1 OF EACH YEAR. OFFICERS- EACH FALL, AN OPERATING BUDGET IS DEVELOPED THAT INCLUDES RECOMMENDED SALARY AND BENEFITS INCREASES FOR OFFICERS. THE BUDGET IS SUBMITTED TO THE BOARD'S FINANCE AND AUDIT COMMITTEE, ALONG WITH ANNUAL COMPETITIVE SALARY INFORMATION. THE FINANCE AND AUDIT COMMITTEE REVIEWS THE INFORMATION AND MAKES A RECOMMENDATION TO THE FULL BOARD TO EITHER ACCEPT THE PROPOSED EXECUTIVE COMPENSATION LEVELS IN THE BUDGET FOR THE NEXT YEAR OR TO MODIFY IT. THE BOARD DECIDES WHETHER TO ACCEPT THE RECOMMENDATION OR MAKE CHANGES AT ITS ANNUAL DECEMBER BOARD MEETING. ANNUAL CHANGES TO COMPENSATION GO INTO EFFECT ON MARCH 1 OF EACH YEAR.

FORM 990, PART VI, SECTION C, LINE 19

THE GCF AUDITED FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST.

FORM 990, PART XI, LINE 9:

CHANGE IN VALUE OF PERP TRUST 391,490.

FORM 990, PART XII, LINE 2C:

THE PROCESS HAS NOT CHANGED.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2020

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