| FORM 990, PART VI, SECTION A, LINE 1A |
THE EXECUTIVE COMMITTEE ACTS AS A RESOURCE TO THE BOARD AND MCF'S PRESIDENT & CEO WITH THE OBJECTIVE OF PROVIDING ORGANIZATIONAL DIRECTION ON BEHALF OF THE BOARD AND ADVISING THE BOARD ON DECISIONS AND BUSINESS MATTERS RANGING FROM STRATEGIC PLANNING, POLICY, DONOR ENGAGEMENT, GRANTMAKING AND RISK. THE COMMITTEE IS MADE UP OF THE BOARD CHAIR, VICE-CHAIR, PAST BOARD CHAIR, AND COMMITTEE CHAIRS FROM DONOR ENGAGEMENT, INVESTMENT AND GRANTS. |
| FORM 990, PART VI, SECTION B, LINE 11B |
A COPY OF THE FINAL FORM 990 (EXCLUDING SCHEDULE B AND THE DETAIL LISTING OF SCHEDULE I) IS MADE AVAILABLE TO EACH MEMBER OF THE BOARD OF GOVERNORS PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C |
THE ORGANIZATION HAS A POLICY THAT ADDRESSES BOTH CONFLICT OF INTEREST (I.E. BUSINESS OR FINANCIAL INTERESTS) AND DUALITY OF INTEREST (I.E. AFFILIATIONS WITH OTHER NONPROFITS WHICH MAY APPLY FOR GRANTS FROM THE ORGANIZATION.) RESPONSES TO THE CONFLICT OF INTEREST DISCLOSURES ARE REVIEWED BY THE PRESIDENT & CEO, SENIOR MANAGEMENT AND OPERATIONS STAFF. IF CONFLICTS EXIST, THEY ARE NOTED AND DISCLOSED DURING THE BOARD'S DISCUSSION OF ANY APPLICABLE BUSINESS ARRANGEMENT AND THE CONFLICTED PERSON CANNOT VOTE ON THE ARRANGEMENT. NO SUCH CIRCUMSTANCES AROSE DURING 2021. DUALITIES OF INTEREST ARE NOTED AND DISCLOSED DURING THE COMPETITIVE GRANT MAKING PROCESS AND THE CONFLICTED PERSON MUST LEAVE THE ROOM WHEN THE IMPACTED GRANT APPLICATION IS DISCUSSED AND VOTED ON. |
| FORM 990, PART VI, SECTION B, LINE 15 |
THE COMPENSATION OF THE PRESIDENT & CEO IS DETERMINED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF GOVERNORS AND APPROVED BY THE BOARD. INPUTS TO THE PROCESS INCLUDE: THE BOARD'S EVALUATION OF THE PRESIDENT & CEO'S PERFORMANCE, SALARY SURVEYS PUBLISHED BY THE COUNCIL ON FOUNDATIONS, SALARY SURVEYS OF LOCAL NONPROFIT ORGANIZATIONS (IF AVAILABLE), THE PRESIDENT & CEO'S OWN SALARY HISTORY, CURRENT ECONOMIC CONDITIONS AND COST-OF-LIVING DATA, AND THE CURRENT BUDGET CONSTRAINTS OF THE ORGANIZATION. THESE INPUTS, THE PROCESS AND THE FINAL DECISION ARE DOCUMENTED AS PART OF THE PROCESS. THE COMPENSATION OF ALL OTHER EMPLOYEES OF THE ORGANIZATION IS DETERMINED BY THE PRESIDENT & CEO USING SIMILAR INPUTS AND APPROVED BY THE BOARD AS PART OF THE ANNUAL BUDGETING PROCESS. |
| FORM 990, PART VI, SECTION C, LINE 19 |
THE ORGANIZATION'S TRUST AGREEMENT IS MADE AVAILABLE TO EACH FUNDHOLDER AS AN ADDENDUM TO THE FUND AGREEMENT AND IS AVAILABLE TO OTHER INTERESTED PERSONS UPON REQUEST. THE CONFLICT OF INTEREST AND DUALITY OF INTEREST POLICY IS PROVIDED TO INTERESTED PERSONS UPON REQUEST. A CONDENSED FINANCIAL STATEMENT IS INCLUDED IN THE ORGANIZATION'S ANNUAL REPORT; 11,611 COPIES OF THE 2020 ANNUAL REPORT WERE PRINTED AND DISTRIBUTED THROUGHOUT DANE COUNTY IN 2021. A FULL COPY OF THE AUDITED FINANCIAL STATEMENTS IS POSTED ON THE ORGANIZATION'S WEBSITE. |
| FORM 990, PART XI, LINE 9: |
CHANGES IN SPLIT-INTEREST AGREEMENT -83,279. INCREASE IN CASH SURRENDER VALUE OF LIFE INSURANCE 1,174. AMORTIZATION OF LEASE ASSET -2,713. NET CHANGE IN FUNDS HELD FOR OTHER ORGANIZATIONS -5,218,719. |
| FORM 990, PART VI, LINE 9: |
WELLS FARGO INSTITUTIONAL TRUST SERVICES - BUILDING 68 550 SOUTH 4TH STREET MAC: N9310-090 MINNEAPOLIS, MN 55415 |
Attach to Form 990 or 990-EZ.