| Form 990, Part VI, Section A, line 4 |
During the period covered by this tax return, the Foundation approved amendments to its Bylaws. The amended Bylaws effectuated the following changes: a) No Director shall serve for more than two consecutive three-year terms, unless by the vote of the Board of Directors and Electors a sitting board member may be appointed to serve an additional year. b) No Regional Advisor shall serve for more than two consecutive three-year terms, unless by a vote of the Board of Directors a sitting regional advisor may be appointed to serve an additional year. |
| Form 990, Part VI, Section A, line 6 |
The Board may from time to time establish Regional Advisory Boards that serve as the Foundation's principal presence in key geographic areas that it serves. Regional Advisors advance the mission and goals of the Foundation. Together with the then current members of the Board of Directors, members of the Regional Advisory Boards act as Electors of the Board of Directors. The Foundation's governing documents reserve special rights and powers for the Electors. |
| Form 990, Part VI, Section A, line 7a |
The Foundation has Electors, a special class of individuals who influence the membership of the Foundation's governing body and Board of Directors. Electors include members of the governing body and regional advisors. Directors shall be elected by a majority vote of the Electors at a meeting called for that purpose or by ballot. The term of office for any Director shall be three years. No Director shall serve for more than two consecutive three-year terms unless by the vote of the Board of Directors and Electors a sitting board member may be appointed to serve an additional year. The Governance and Nominating Committee shall consist of the Chairperson of the Board of Directors and/or the Vice Chairperson and at least three (3) other members from the Foundation's Board of Directors. After receipt and consideration of comments by the Board of Directors and Regional Advisory Board Chairs, the Governance and Nominating Committee shall present a final slate of Board of Director nominees to the Electors for vote at a meeting of the Foundation or by ballot in accordance with the procedures set forth in the Organization's Bylaws. |
| Form 990, Part VI, Section A, line 7b |
The Foundation has electors who may influence the governance decisions of the Organization. Electors include members of the governing body and regional advisors. The Electors hold final approval of Governance and Nominating Committees. The Governance and Nominating Committee assists the Board of Directors and its Chairperson with its oversight and governance responsibilities. The Governance and Nominating Committee shall advise the Board Chairperson regarding Board of Directors and committee membership and leadership; board development, education and orientation; amendments to the Bylaws; and other matters of governance. The Governance and Nominating Committee shall be responsible for preparing a slate of candidates for election to the Board of Directors, and shall present the proposed slate to the current Board of Directors and Regional Advisory Board Chairs for review and comment. Additionally, the Electors, by a two-thirds majority vote (as deemed appropriate and consistent with all applicable laws and the Organization's governing documents), may: 1. Amend the Articles of Agreement or Bylaws of the Foundation in order to maintain deductibility of gifts to the Foundation for federal income, gift, and estate tax purposes for donors and their estates and in order to maintain the federal income tax exemption of the Foundation as an organization exempt under Section 501(c)(3) of the Internal Revenue Code and its classification as a public charity; to conform to and with any provision or provisions of the laws of the State of New Hampshire and the United States; and in such other respects, consistent with the objectives and purposes of the Foundation, as the Electors may from time to time find necessary; 2. Direct transfer of all Foundation funds to a new foundation organized for exclusively charitable purposes and with provisions consistent with those of the Articles of Agreement and these Bylaws; and 3. Dissolve this Foundation. |
| Form 990, Part VI, Section B, line 11b |
A copy of the Form 990 is provided to and reviewed by the audit committee. After review and finalization, a copy is provided to each board member prior to filing the final form. |
| Form 990, Part VI, Section B, line 12c |
All Board Members and staff receive the written conflict of interest policy which clearly defines what constitutes a conflict. Each person is asked to document and sign a statement recording his or her personal conflicts. These forms are updated annually. In addition, during grant making discussions, those who have a conflict with the organization being discussed are asked to remind others of their conflicts. Those with a declared conflict are not eligible to discuss or vote on grant making for those organizations with which they have a conflict, although they may respond to questions of fact. |
| Form 990, Part VI, Section B, line 15 |
The process for determining compensation for the Foundation's President includes an annual review by the Board of the President's performance. The executive committee of the Board reviews comparability data including survey information provided by an independent compensation consultant. The committee presents a recommendation to the Board. The Board discusses the president's performance as well as the compensation recommendation. After deliberation, there is a board vote. The Chair of the Board prepares contemporaneous documentation of the discussion and vote. The members of the Board as well as the executive committee are independent. The process for determining compensation for senior management of the Foundation includes an annual performance review by the president. The president reviews comparability data including survey information provided by an independent compensation consultant and makes compensation decisions within the compensation program and structure as approved by the Board. The president prepares contemporaneous documentation of the discussion which includes the written and signed performance evaluation and compensation form showing salary range. |
| Form 990, Part VI, Section C, line 19 |
The Foundation's Form 990 and audited financial statements are available to the public on the Foundation's website. They are also available upon request. The by-laws and conflict of interest policy are available to the public upon request. |
| Form 990, Part XI, line 9: |
Change in value of split interest agreements 1,854,878. |
| Form 990, Part XII, line 2c: |
The audit committee oversees the audit of the financial statements and selects an independent auditor. The process has not changed from the prior year. |
| Form 990, Part IX, Fundraising Allocation: |
The basis on which fundraising expenses are allocated is based on the rationale for allocating joint costs under SOP 98-2. Staff job functions are analyzed to determine the percentage that should be allocated to program services, management & general, and fundraising based on the work performed by each staff member. Expenses are then allocated to program, management, and fundraising based on time spent on each function. If an expense is directly attributable to a specific function it is charged directly rather than allocated. All fundraising costs are internal; no external paid professional fundraising groups are used. NHCF is not a solicitation-based organization. NHCF fundraising activity is focused on potential donors with the capacity to make relatively large contributions and/or bequests. This type of fundraising activity generally incurs lower costs as a percent of money raised than programs that aim for a large number of small dollar contributions. It is proportionally less expensive to raise large gifts than small ones. NHCF fundraising costs do not vary significantly from year to year, however contribution totals do vary depending upon relationship stage with donors, maturity of trusts, receipt of bequests, and other variables. |
Attach to Form 990 or 990-EZ.