| FORM 990, PART VI, SECTION A, LINE 1A |
EXCEPT AS PROHIBITED BY STATUTE, THE EXECUTIVE COMMITTEE SHALL HAVE AND MAY EXERCISE ALL OF THE AUTHORITY OF THE BOARD OF TRUSTEES. THE EXECUTIVE COMMITTEE CONSISTS OF OFFICERS OF THE BOARD WHO ARE NOT EMPLOYEES OF THE CORPORATION, AND IF THE IMMEDIATE PAST CHAIR IS STILL A MEMBER OF THE BOARD OF TRUSTEES, THE IMMEDIATE PAST CHAIR OF THE BOARD. IF THE IMMEDIATE PAST CHAIR IS NO LONGER A MEMBER OF THE BOARD, THE CHAIR OF THE BOARD OF TRUSTEES MAY APPOINT ANOTHER TRUSTEE TO SERVE ON THE EXECUTIVE COMMITTEE IN HIS OR HER PLACE. THE CHAIR MAY ALSO APPOINT OTHER TRUSTEES, WHO ARE NOT OFFICERS, TO SERVE ON THE EXECUTIVE COMMITTEE. IN ADDITION, THE PERSON HOLDING THE POSITION OF THE PRESIDENT OF THE CORPORATION SHALL BE AN EX OFFICIO, NONVOTING MEMBER OF THE EXECUTIVE COMMITTEE. MEETINGS OF THE EXECUTIVE COMMITTEE MAY BE CALLED BY OR AT THE REQUEST OF THE CHAIR OF THE BOARD OF TRUSTEES OR ANY TWO COMMITTEE MEMBERS. |
| FORM 990, PART VI, SECTION B, LINE 11B |
THE 2022 FORM 990 IS SENT TO THE AUDIT COMMITTEE MEMBERS FOR REVIEW. THE FORM 990 IS ALSO MADE AVAILABLE TO ALL BOARD OF TRUSTEES THROUGH A SECURED WEBSITE. THE AUDIT COMMITTEE MEMBERS VOTE TO RECOMMEND APPROVAL TO THE BOARD, AND THE BOARD APPROVES FORM 990 PRIOR TO BEING FILED WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C |
THE CONFLICT OF INTEREST FORM MUST BE COMPLETED BY EACH BOARD MEMBER ANNUALLY. IF THERE IS A CONFLICT OF INTEREST DURING A MEETING OR VOTE, THE BOARD MEMBER WITH THE CONFLICT WILL RECUSE HIMSELF/HERSELF FROM THE VOTE OR THE ENTIRE MEETING, IF NECESSARY. THE TREASURER AND THE CEO MAKES SURE THAT ALL COMMITTEE MEMBERS COMPLY WITH THE CONFLICT OF INTEREST POLICY. |
| FORM 990, PART VI, SECTION B, LINE 15 |
AT ITS REGULARLY SCHEDULED MEETING EACH YEAR, THE FINANCE COMMITTEE MEETS IN EXECUTIVE SESSION AND REVIEWS, DISCUSSES, AND APPROVES THE COMPENSATION FOR THE CEO AND CFO. THE COMMITTEE LOOKS AT COMPARABLE COMPENSATION FROM NUMEROUS SOURCES: COMMUNITY FOUNDATIONS AROUND THE COUNTRY, LOCAL PRIVATE FOUNDATIONS, LOCAL NONPROFIT ORGANIZATIONS, AND LOCAL BUSINESSES. THE COMMITTEE ALSO CONSIDERS THE PAST PERFORMANCE OF THE CEO AND CFO AND THE SALARIES OF OTHER DENVER FOUNDATION EMPLOYEES. FOLLOWING THE COMMITTEE'S DECISION, THE CEO AND CFO ARE INFORMED OF THE APPROVED COMPENSATION SO IT CAN BE INCORPORATED INTO THE ADMINISTRATIVE BUDGET FOR THE COMING YEAR. THE OTHER KEY EMPLOYEE COMPENSATION IS DETERMINED BY THE CEO WITH AFFIRMATION FROM THE FINANCE COMMITTEE. THE FINANCE COMMITTEE MAINTAINS WRITTEN SUBSTANTIATION OF THE PROCESS. |
| FORM 990, PART VI, SECTION C, LINE 19 |
THE DENVER FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART XI, LINE 9: |
CHANGES IN VALUE OF CHARITABLE TRUSTS -1,871,803. UBTI FROM INVESTMENT PARTNERSHIPS -760,451. DISCOUNT ON NOTES RECEIVABLE -84,289. |
Attach to Form 990 or 990-EZ.