2014-05-14T15:04:55-05:00 2013-06-30 LEVERING & HVASTA CPAS LLP PO BOX 400 FALLBROOK CA 920880400 990 2012-07-01 330620685 LEGACY ENDOWMENT THE COMMUNITY FOUNDATION LEGA 7607283304 PO BOX 2710 FALLBROOK CA 920882710 PETER FELIOS 7607283304 2014-05-08 false RICHARD F LEVERING CPA 7607288393 2014-05-09 X 2012 2015-11-30 17:44:51Z MARK HVASTA PO BOX 400 FALLBROOK CA 920880400 5895246 false X LEGACYCOMMUNITYFOUNDATION.ORG X 1994 CA TO ENHANCE AND PRESERVE A HIGHER QUALITY OF LIFE FOR COMMUNITIES BY FACILITATING PHILANTHROPY FOR FAMILIES, INDIVDUALS AND NONPROFITS. 9 9 3 9 0 677485 199560 0 1031726 918986 16645 21040 1725856 1139586 301531 290376 0 76899 69531 0 116 86177 87593 464607 447500 1261249 692086 9661827 10440348 18304 8017 9643523 10432331 TO ENHANCE AND PRESERVE A HIGHER QUALITY OF LIFE FOR COMMUNITIES BY FACILITATING PHILANTHROPY FOR FAMILIES, INDIVDUALS AND NONPROFITS. false false 277436 277436 THE FOUNDATION MAKES GRANTS FROM THE VARIOUS ENDOWMENTS, DONOR-ADVISED, SPECIAL PROJECTS AND PASS-THRU FUNDS THAT IT HOLDS. LEGACY ENDOWMENT...THE COMMUNITY FOUNDATION IS COMMITTED TO IMPROVING THE QUALITY OF LIFE IN THE FALLBROOK AND GREATER SAN DIEGO AREA BY SUPPORTING LOCAL CHARITIES IN THE FOLLOWING AREAS: ARTS/CULTURE, EDUCATION/TRAINING, HEALTH & HUMAN SERVICES, MEDICAL RESEARCH, SENIOR CAUSES AND PROGRAMS FOR THE DISABLED. THE FOUNDATION HAS AN UNDERSTANDING OF THE NEEDS OF THE COMMUNITY AND CAN CONNECT THE DONOR WITH THOSE NON-PROFIT ORGANIZATIONS THAT CAN MEET THOSE NEEDS. 12940 12940 THE FOUNDATION GRANTS SCHOLARSHIPS FOR STUDENTS ATTENDING INSTITUTIONS OF HIGHER EDUCATION AND VOCATION/TECHNICAL EDUCATION INSTITUTIONS. ALL SCHOLARSHIPS ARE PAID DIRECTLY TO THE EDUCATIONAL INSTITUTION. 290376 true true false false false true false false false true false false false false true false true false false false false false false false false false false true false false false false false false false false false false false false false false false false false false false true 5 0 true 3 true false false false false false false false false false false false false false X 9 9 false false false false false false false true true false false true true true true true true true false false CA X PETER FELIOS 7607287262 111 W ALVARADO STREET FALLBROOK CA 92028 X MARK HVASTA 8.00 X X 0 0 0 KAREN ESTES 2.00 X X 0 0 0 PETER FELLIOS 6.00 X X 0 0 0 BILL LEWIS 1.00 X 0 0 0 BRIAN HOBBS 1.00 X 0 0 0 KATHE KLINE 1.00 X 0 0 0 KEN FINSTER 1.00 X 0 0 0 ANDREA GILBERT 1.00 X 0 0 0 WENDE OLIVERIO 1.00 X 0 0 0 false false false 199560 199560 281985 281985 5392661 4755660 637001 637001 637001 TRUSTEE FEE INCOME - CRTS 17040 17040 RENTAL INCOME - SUB LEASE 4000 4000 21040 1139586 21040 918986 290376 290376 62945 62945 6586 6586 11650 11650 14939 14939 21247 21247 2499 2499 19251 19251 4609 4609 LICENCES & FEES 7416 7416 STAFF DEVELOPMENT 1598 1598 PAYROLL PROCESSING 1449 1449 EQUIPMENT RENTAL 1100 1100 1835 1719 116 447500 290376 157008 116 99341 60712 1413114 227487 435652 7713720 10152149 9661827 10440348 18304 8017 18304 8017 X 85261 77045 1402143 3878112 8156119 6477174 9643523 10432331 9661827 10440348 692086 96722 X false true true false X 946000 105149 165261 677485 199560 2093455 946000 105149 165261 677485 199560 2093455 2093455 295806 319618 253688 295952 281985 1447049 32801 17277 16501 16645 21040 104264 3644768 21040 0.57440 0.57130 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10 16 192989 6571 44000 246376 1098954 9333376 true true 8686475 1700 914339 246376 105389 9250749 8575635 646011 -185190 238376 111605 8686475 7261345 94846 1591336 259692 112200 8575635 6678092 10458 839904 162228 104881 7261345 7190781 939000 -1288042 100000 63647 6678092 1.00000 false false CHARITABLE CONTRIBUTIONS PENDING 8017 8017 965473 96722 186316 283038 682435 457151 457151 1139586 493405 137764 137764 355641 91859 91859 447500 REVENUE AMOUNTS INCLUDED IN FINANCIALS - OTHER SCHEDULE D, PAGE 4, PART XI, LINE 2D CRT INCOME REPORTED ON CRT TAX RETURNS 85,795 TRUSTEE FEE INCOME RECLASS 100,521 REVENUE AMOUNTS INCLUDED ON RETURN - OTHER SCHEDULE D, PAGE 4, PART XI, LINE 4B DONOR ADVISED FUND INCOME REPORTED ON TAX RETURN 457,151 EXPENSE AMOUNTS INCLUDED IN FINANCIALS - OTHER SCHEDULE D, PAGE 4, PART XII, LINE 2D CRT EXPENSES REPORTED ON CRT TAX RETURNS 57,232 TRUSTEE FEE EXPENSE RECLASS 80,532 EXPENSE AMOUNTS INCLUDED ON RETURN - OTHER SCHEDULE D, PAGE 4, PART XII, LINE 4B DONOR ADVISED FUNDS EXPENSES REPORTED ON TAX RETURN 91,859 true ELIZABETH HOSPICE 500 LA TERRAZA BLVD 130 ESCONDIDO CA 92025 3 34606 CHARITABLE FALLBROOK FOOD PANTRY 1042 S MISSION RAOD FALLBROOK CA 92028 3 10000 CHARITABLE FALLBROOK LAND CONSERVANCY PO BOX 2701 FALLBROOK CA 920882701 3 5933 CHARITABLE FALLBROOK MUSIC SOCIETY PO BOX 340 FALLBROOK CA 920880340 3 29555 CHARITABLE FALLBROOK MUSIC SOCIETY PO BOX 340 FALLBROOK CA 920880340 3 35000 CHARITABLE FALLBROOK PEOPLE TO PEOPLE 1094 S MAIN AVE FALLBROOK CA 92028 3 7000 CHARITABLE FOUNDATION FOR SENIOR CARE 135 SOUTH MISSION ROAD FALLBROOK CA 92028 3 20000 CHARITABLE REINS PO BOX 1283 BONSALL CA 92003 3 10000 CHARITABLE SONRISE CHURCH OF FALLBROOK 463 S STAGECOACH LANE FALLBROOK CA 92028 11203 RELIGOUS ST MADELINE SOPHIE'S CENTER 2119 EAST MADISON AVENUE EL CAJON CA 92019 3 102139 CHARITABLE EXPLANATION ON VOLUNTEERS AND TYPES OF SERVICES OR BENEFITS FORM 990, PAGE 1, PART I, LINE 6 ALL BOARD MEMBERS AND OFFICERS ARE VOLUNTEERS. ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 FORM 990, PAGE 6, PART VI, LINE 11B A SELECT MEMBER OF THE BOARD IS ASSIGNED TO REVIEW FORM 990 FOR ACCURANCY AND COMPREHENSIVENESS. THE FORM 990 IS THEN PRESENTED TO THE BOARD OF DIRECTORS FOR THEIR APPROVAL BEFORE IT IS SIGNED BY AN OFFICER OF THE ORGANIZATION AND FILED. ENFORCEMENT OF CONFLICTS POLICY FORM 990, PAGE 6, PART VI, LINE 12C THE DIRECTORS OF LEGACY ENDOWMENT OWE A DUTY OF LOYALTY TO THE ORGANIZATION WHICH REQUIRES THAT IN SERVING LEGACY ENDOWMENT THEY ACT, NOT IN THEIR PERSONAL INTERESTS OR IN THE INTERESTS OF OTHERS, BUT RATHER SOLELY IN THE INTEREST OF LEGACY ENDOWMENT. DIRECTORS MUST HAVE UNDIVIDED ALLEGIANCE TO LEGACY ENDOWMENT'S MISSION AND MAY NOT USE THEIR POSITIONS AS DIRECTORS, INFORMATION THEY HAVE ABOUT LEGACY ENDOWMENT, OR LEGACY ENDOWMENT'S PROPERTY, IN A MANNER THAT ALLOWS THEN TO SECURE A PECUNIARY BENEFIT FOR THEMSELVES, OTHER ORGANIZATIONS OR THEIR RELATIVES. THE CONDUCT OF PERSONAL BUSINESS BETWEEN ANY DIRECTOR AND LEGACY ENDOWMENT IS PROHIBITED. BUSINESS TRANSACTIONS OF LEGACY ENDOWMENT IN WHICH A DIRECTOR HAS AN INTEREST SHALL NOT BE PROHIBITED, BUT THEY SHALL BE SUBJECT TO CLOSE SCRUTINY. SUCH PROPOSED TRANSACTIONS SHALL BE REVIEWED CAREFULLY TO DETERMINE THAT THEY ARE IN THE BEST INTEREST OF LEGACY ENDOWMENT AND THEY WILL NOT LEAD TO CONFLICT OF INTEREST. FOR THE PURPOSE OF THIS POLICY, A DIRECTOR HAS AN INTEREST IN A PROPOSED TRANSACTION IF HE/SHE HAS A SUBSTANTIAL FINANCIAL INTEREST IN IT, OR HAS A SUBSTANTIAL FINANCIAL INTEREST IN ANY ORGANIZATION INVOLVED IN THE PROPOSED TRANSACTION, OR HOLDS A POSITION AS TRUSTEE, DIRECTOR, GENERAL MANAGER, OR PRINCIPAL OFFICER IN ANY SUCH ORGANIZATION. PRIOR TO THE START OF ANY NEGOTIATIONS, OR CONSIDERATION OF A GRANT REQUEST BY THE ORGANIZATION, DIRECTORS WILL MAKE FULL DISCLOSURE TO THE BEST OF THEIR KNOWLEDGE OF ANY DUAL INTEREST IN A PROPOSED TRANSACTION BY SUBMITTING A REPORT TO THE PRESIDENT OR OTHER OFFICER DESIGNATED BY THE BOARD TO HANDLE SUCH MATTERS, SUPPLY ANY REASONS WHY THE TRANSACTION MIGHT NOT BE IN THE BEST INTEREST OF LEGACY ENDOWMENT. IN MATTERS REQUIRING PRIOR APPROVAL OF THE BOARD OF DIRECTORS, THE PRESIDENT OR OTHER OFFICER SHALL FORWARD COPIES OF THIS DISCLOSURE REPORT TO THE BOARD BEFORE ITS APPROVAL. A DIRECTOR WITH A DUAL INTEREST IN A PROPOSED TRANSACTION SHALL NOT VOTE ON THE MATTER AND, DEPENDING UPON THE CIRCUMSTANCES, MAY BE EXCLUDED FROM ANY DISCUSSION OF THE MATTER. A DIRECTOR SHALL NOT USE INSIDE INFORMATION OF LEGACY ENDOWMENT FOR HIS/HER PERSONAL BENEFIT, OR USE SUCH INSIDE INFORMATION OR HIS/HER POSITION AS DIRECTOR TO THE DETRIMENT OF LEGACY ENDOWMENT. INSIDE INFORMATION IS INFORMATION OBTAINED THROUGH THE DIRECTOR'S POSITION THAT HAS NOT BECOME PUBLIC INFORMATION. EACH DIRECTOR HAS A DUTY TO PLACE THE INTERESTS OF LEGACY ENDOWMENT FOREMOST IN ANY DEALINGS INVOLVING THE ORGANIZATION AND HAS A CONTINUING RESPONSIBILITY TO COMPLY WITH THE REQUIREMENTS OF THE POLICY. ON AN ANNUAL BASIS, EACH DIRECTOR IS REQUIRED TO COMPLETE A DIRECTOR DISCLOSURE STATEMENT. COMPENSATION PROCESS FOR TOP OFFICIAL FORM 990, PAGE 6, PART VI, LINE 15A THE PRESIDENT CARRIES OUT AN ANNUAL PERFORMANCE REVIEW FOR THE EXECUTIVE DIRECTOR AND RECOMMENDS THE LEVEL OF COMPENSATION TO THE BOARD OF DIRECTORS. GOVERNING DOCUMENTS DISCLOSURE EXPLANATION FORM 990, PAGE 6, PART VI, LINE 19 FORM 990 IS AVAILABLE UPON REQUEST AND ON LEGACY ENDOWMENT'S WEBSITE. ALL OTHER GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST TO THE GENERAL PUBLIC.