2012-05-15T10:42:17-05:00 2011-12-31 521511275 RAFFA PC 1899 L STREET NW SUITE 900 WASHINGTON DC 20036 990 2011-01-01 136068327 COUNCIL ON FOUNDATIONS INC COUN 8006739036 2121 CRYSTAL DRIVE NO 700 ARLINGTON VA 22202 JEFF CLARKE 8006739036 2012-05-18 1 FRANK H SMITH P00639053 2028225000 2012-05-18 2011 2016-02-24 21:20:13Z JEFF CLARKE 2121 CRYSTAL DRIVE NO 700 ARLINGTON VA 22202 20284933 0 X WWW.COF.ORG X 1957 NY TO SERVE THE PUBLIC GOOD BY PROMOTING AND ENHANCING RESPONSIBLE AND EFFECTIVE PHILANTHROPY. 35 34 113 200 22421 8049 10092110 9172971 5694818 7749520 776342 480086 130641 397273 16693911 17799850 117200 14550 0 0 7544450 9562577 0 0 366604 9846231 11809475 17507881 21386602 -813970 -3586752 23550862 18872089 5373539 5506535 18177323 13365554 TO PROVIDE THE OPPORTUNITY, LEADERSHIP, AND TOOLS NEEDED BY PHILANTHROPIC ORGANIZATIONS TO EXPAND, ENHANCE, AND SUSTAIN THEIR ABILITY TO ADVANCE THE COMMON GOOD. 0 0 8909951 7212528 MEMBER SERVICES - THE COUNCIL ENSURES THAT FOUNDATIONS ARE CONNECTED TO HIGH-QUALITY SERVICES ACROSS A BROAD RANGE OF NEEDS. TO THIS END, THE COUNCIL HAS BECOME BOTH A DEVELOPER AND GO-TO SOURCE FOR EDUCATIONAL EXPERTISE AND NETWORKING OPPORTUNITIES RELATED TO CORE FIELD-WIDE ISSUES (E.G., EDUCATIONAL EXPERTISE THAT SUPPORTS THE FIELD'S ABILITY TO ACHIEVE STANDARDS OF STRONG GOVERNANCE AND EFFECTIVENESS IN GRANTMAKING). ADDITIONALLY, THE COUNCIL SEEKS OPPORTUNITIES TO PARTNER WITH THE BROADER NETWORK OF PHILANTHROPIC INFRASTRUCTURE ORGANIZATIONS TO CO-CREATE AND DELIVER HIGH-QUALITY, CO-BRANDED EDUCATIONAL OFFERINGS. 2839138 10750 66862 STRATEGIC COMMUNICATIONS - INCREASE OUTREACH AND COMMUNICATIONS TO MEMBERS, INFRASTRUCTURE PARTNERS, THE FIELD, AND THE MEDIA THROUGH MULTIPLE HIGH-IMPACT COMMUNICATIONS PLATFORMS. THE COUNCIL CAPITALIZES ON 21ST CENTURY TRENDS OF NETWORKING AND KNOWLEDGE MANAGEMENT, INCORPORATING INNOVATIVE USES OF TECHNOLOGY. THIS ENSURES FOUNDATIONS ARE CONNECTED TO ONE ANOTHER (FOR PEER-TO-PEER LEARNING) AND TO EXPERT CONTENT TO ADDRESS THEIR MOST PRESSING NEEDS. 1571012 PUBLIC POLICY - THE COUNCIL IS THE LEADING ADVOCACY ORGANIZATION PROMOTING A POSITIVE VISION FOR PHILANTHROPY, MAKING PHILANTHROPY CONSEQUENTIAL, AND CONVEYING TO INFLUENTIAL PUBLIC LEADERS AND POLICY MAKERS A COMPELLING, CLEAR AGENDA AND CASE FOR ENABLING PHILANTHROPY. THE COUNCIL STRIVES TO ENSURE A POSITIVE LEGISLATIVE AND REGULATORY ENVIRONMENT FOR PHILANTHROPY, AS WELL AS HIGHLIGHT FOR LAWMAKERS THE CRITICAL WORK BEING DONE BY FOUNDATIONS IN COMMUNITIES ACROSS THE COUNTRY. THESE EFFORTS ENTAIL ADVANCING PUBLIC POLICIES ON KEY ISSUES, INCLUDING TAX POLICY. 13320101 1 1 0 1 0 0 0 0 0 1 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 52 0 1 113 1 1 1 0 0 0 0 1 1 0 0 0 0 X 35 34 0 0 1 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 AL AK AZ AR CA CT FL GA IL KS KY LA MD MA MI MN MS NH NJ NM NY ND OH OK OR PA RI SC TN UT VA WA WV WI X X SHANNON SCOTT VICE PRESIDENT AND C 8006739036 2121 CRYSTAL DRIVE 700 ARLINGTON VA 22202 CAROL S LARSON 8.50 X X 0 0 0 KEVIN K MURPHY 8.50 X X 0 0 0 WILLIAM W GINSBERG 8.50 X X 0 0 0 SHERECE WEST 8.50 X X 0 0 0 AKHTAR BADSHAH 8.50 X 0 0 0 MICHAEL JOHN BALAOING ESQ 8.50 X 0 0 0 C DAVID CAMPBELL 8.50 X 0 0 0 ANN CRAMER 8.50 X 0 0 0 DINAH DITTMAN 8.50 X 0 0 0 GEORGE E ESPY 8.50 X 0 0 0 DAVID ETZWILER 8.50 X 0 0 0 THERESA FAY-BUSTILLOS 8.50 X 0 0 0 SHARNA GOLDSEKER 8.50 X 0 0 0 CAROL GOSS 8.50 X 0 0 0 TERI HANSEN 8.50 X 0 0 0 ANTONIA HERNANDEZ 8.50 X 0 0 0 REGINALD JONES 8.50 X 0 0 0 DANIEL LEE 8.50 X 0 0 0 LANCE E LINDBLOM 8.50 X 0 0 0 SHERRY P MAGILL PHD 8.50 X 0 0 0 TERRY MAZANY 8.50 X 0 0 0 JOSHUA MINTZ 8.50 X 0 0 0 JUDY JOLLEY MOHRAZ PHD 8.50 X 0 0 0 RICHARD L MOORE 8.50 X 0 0 0 WENDA WEEKS MOORE 8.50 X 0 0 0 JOAN M PRINCE PHD 8.50 X 0 0 0 RONALD B RICHARD 8.50 X 0 0 0 SHERRY RISTAU 8.50 X 0 0 0 CARLA ROBERTS 8.50 X 0 0 0 DIANA R SIEGER 8.50 X 0 0 0 NINA STACK 8.50 X 0 0 0 CHET TCHOZEWSKI 8.50 X 0 0 0 MARTA TELLADO 8.50 X 0 0 0 RICHARD WOO 8.50 X 0 0 0 STEVE GUNDERSON - UNTIL 83111 35.00 X X 431363 0 19804 JEFF CLARKE 35.00 X 109106 0 4792 STEVEN SIESSER - UNTIL 22511 35.00 X 47311 0 3079 KISHA DIMBO 35.00 X 219810 0 24960 JANNE GALLAGHER 35.00 X 250940 0 19260 BEVERLY BARNES - UNTIL 9211 35.00 X 185575 0 13881 ANDREW SCHULZ 35.00 X 170822 0 12004 MATTHEW NELSON 35.00 X 155553 0 14883 KELLY SIMONE 35.00 X 138109 0 10234 RENEE BRANCH 35.00 X 143405 0 20468 RACHEL J MOSHER-WILLIAMS 35.00 X 140777 0 23127 STEPHANIE POWERS 35.00 X 126386 0 12730 2119157 0 179222 11 0 1 0 ROCHELLE COLCLOUGH 3407 ASHLEY VIEW DRIVE CHARLOTTE NC 28213 CONFERENCE CONSULTING 212515 PARTNERS INTERNATIONAL PO BOX 759024 BALTIMORE MD 212759024 IT SUPPORT 207310 CAPLIN AND DRYSDALE ONE THOMAS CIRCLE NW SUITE 1100 WASHINGTON DC 20005 LEGAL 168353 LARSON ALLEN LLP PO BOX 643637 CICINNATI OH 452643637 ACCOUNTING SERVICES 161379 RAFFA PC 1899 L ST NW SUITE 900 WASHINGTON DC 20036 AUDIT SERVICES 152177 10 6158806 3014165 335139 9172971 MEMBERSHIP DUES 900099 4602200 4602200 CONF. REGIST./EXHIBIT 900099 3062991 2592861 470130 PUBLICATIONS 900099 66862 66862 HONORARIA AND FEES 900099 17467 17467 7749520 353430 353430 2611739 2485083 126656 126656 126656 MISCELLANEOUS 900099 316104 316104 OFFICE RENTAL INCOME 900099 31338 31338 CONFERENCE ROOM RENTAL 900099 27410 27410 22421 22421 397273 17799850 7279390 22421 1325068 10750 10750 3800 3800 1512707 656629 795057 61021 6735131 4144639 2512996 77496 156112 110483 43575 2054 626106 468148 151640 6318 532521 308426 215188 8907 372545 337348 35197 270207 270207 60110 60110 4255913 2608284 1552128 95501 51433 6903 39530 5000 1416397 651415 758459 6523 112448 52055 60393 1484423 878067 544360 61996 621122 480014 136425 4683 2110023 1989793 116378 3852 730144 431896 267754 30494 66068 39081 24228 2759 MAINTENANCE 134669 24500 110169 AUTHORS AND SPEAKERS 96589 95012 1577 LICENSE FEES 22700 22700 LOSS ON DISPOSAL 4526 4526 158 158 21386602 13320101 7699897 366604 307 418 1713492 1110899 1924890 662680 41336 129353 232438 295693 6326226 2856458 3603943 3469768 14353986 11920777 1527360 1066229 153110 216272 23550862 18872089 1144823 1852969 859511 574837 3369205 3078729 5373539 5506535 X 13994668 9958852 3984050 3208097 198605 198605 18177323 13365554 23550862 18872089 X -3586752 -1225017 X 0 1 1 X 0 X 15673205 15474885 14242352 10092110 9172971 64655523 15673205 15474885 14242352 10092110 9172971 64655523 3780290 60875233 1543924 985751 625005 356827 412178 3923685 23694 23694 36169 43772 166817 69574 316104 632436 69235338 24786168 0.87930 0.89360 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 13783 60874 74657 21301478 21376135 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 67208 45839 85888 74657 273592 250000 250000 250000 250000 1000000 1500000 59106 45268 70607 13783 188764 269128 -10199 258929 255041 25399 11312 269128 221197 47740 13896 255041 623724 -85532 316995 221197 0.00000 0.76700 0.23300 0 0 2815704 958509 1857195 3510522 1897949 1612573 3469768 TIFF MULTI-ASSET MUTUAL FUND 1066229 F 1066229 DEFERRED RENT AND CONSTRUCTION ALLOWANCE 2929334 CAPITAL LEASE OBLIGATIONS 149395 3078729 17799850 21386602 -3586752 -1225017 -1225017 -4811769 16574833 -1225017 -1225017 17799850 0 17799850 21386602 0 21386602 0 21386602 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE ANNUAL EARNINGS ON THE ROBERT W. SCRIVNER AWARD ENDOWMENT ARE RESTRICTED TO THE SCRIVNER AWARD PROJECT EXPENSES. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE COUNCIL REVIEWS AND ASSESSES ALL ACTIVITIES ANNUALLY TO IDENTIFY ANY CHANGES IN THE SCOPE OF THE ACTIVITIES AND REVENUE SOURCES AND THE TAX TREATMENT THEREOF TO IDENTIFY ANY UNCERTAIN TAX POSITIONS. FOR THE YEAR ENDED DECEMBER 31, 2011, NO PROVISION FOR INCOME TAXES WAS MADE FOR THE COUNCIL AS THE COUNCIL HAD NO SIGNIFICANT NET UNRELATED BUSINESS INCOME AND DID NOT IDENTIFY ANY UNCERTAIN TAX POSITIONS REQUIRING RECOGNITION OR DISCLOSURE IN THESE FINANCIAL STATEMENTS. 1 COMMUNITY FOUNDATIONS NATIONAL STANDARDS BOARD 2121 CRYSTAL DRIVE SUITE 700 ARLINGTON VA 22202 270448505 501(C)(3) 10750 WEBSITE ASSISTANCE 1 0 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE COUNCIL PROVIDES GRANTS TO ORGANIZATIONS THAT ADVANCE THE FIELD OF PHILANTHROPY. GRANT RECIPIENTS ARE REQUIRED TO SIGN A GRANT AGREEMENT THAT CLARIFIES THE PURPOSE OF THE AWARD, THE GRANT PERIOD, THE PAYMENT CONDITIONS, THE USE AND RESTRICTIONS OF USE OF THE FUNDS AND THE PAYMENT SCHEDULE. THE AGREEMENT ALSO REQUIRES THAT THE GRANTEE MAINTAIN ADEQUATE RECORDS TO ALLOW CONFIRMATION OF THE APPROPRIATE USE OF THE GRANT FUNDS. THE COUNCIL ALSO REQUIRES THE GRANTEE TO MAKE ITS BOOKS AND RECORDS AVAILABLE FOR INSPECTION. X X X X 1 0 0 0 0 0 0 0 0 STEVE GUNDERSON - UNTIL 83111 306342 0 0 0 125021 0 12250 0 7554 0 451167 0 0 0 KISHA DIMBO 219810 0 0 0 0 0 6733 0 18227 0 244770 0 0 0 JANNE GALLAGHER 250940 0 0 0 0 0 11776 0 7484 0 270200 0 0 0 BEVERLY BARNES - UNTIL 9211 126112 0 0 0 59463 0 6410 0 7471 0 199456 0 0 0 ANDREW SCHULZ 170822 0 0 0 0 0 8839 0 3165 0 182826 0 0 0 MATTHEW NELSON 155553 0 0 0 0 0 7792 0 7091 0 170436 0 0 0 RENEE BRANCH 143405 0 0 0 0 0 7250 0 13218 0 163873 0 0 0 RACHEL J MOSHER-WILLIAMS 140777 0 0 0 0 0 7157 0 15970 0 163904 0 0 0 PART I, LINE 4A DURING THE YEAR ENDED DECEMBER 31, 2011, STEVE GUNDERSON, PRESIDENT AND CEO, AND BEVERY BARNES, VP OF COMMUNICATION AND MARKETING RECEIVED SEVERANCE PAYMENTS OF $125,021 AND $59,463, RESPECTIVELY. X SOFTWARE 1 335139 FMV 0 0 0 FORM 990, PART VI, SECTION A, LINE 4 THE BOARD OF DIRECTORS AMENDED THE COUNCIL'S BYLAWS IN DECEMBER, 2011 TO REQUIRE BOARD MEMBERS TO OFFER THEIR RESIGNATION AS A BOARD MEMBER IF THEIR PRIMARY COUNCIL MEMBER AFFILIATION CHANGES. FORM 990, PART VI, SECTION A, LINE 6 THE COUNCIL HAS TWO CLASSES OF MEMBERSHIP WHICH ARE VOTING MEMBERS AND ASSOCIATE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A EACH VOTING MEMBER WHO IS IN GOOD STANDING 50 DAYS BEFORE A MEETING OF THE COUNCIL QUALIFIES AS A MEMBER OF RECORD FOR THAT MEETING, AND SHALL BE ENTITLED TO ONE VOTE AT SUCH MEETING. APPROXIMATELY ONE-THIRD OF THE DIRECTORS (OTHER THAN EX-OFFICIO BOARD MEMBERS) SHALL BE ELECTED EACH YEAR TO SERVE FOR THREE YEARS. THE ELECTION OF DIRECTORS SHALL TAKE PLACE AT THE ANNUAL MEETING OF THE MEMBERS, OR AT A SPECIAL MEETING CALLED FOR THAT PURPOSE. THE ELECTION OF DIRECTORS SHALL BE BY VOICE VOTE UNLESS A VOTING MEMBER, SECONDED BY FIVE ADDITIONAL VOTING MEMBERS, SHALL CALL FOR A SECRET BALLOT; ALL SECRET BALLOTS SHALL BE BY NON-CUMULATIVE VOTING. THE PRESIDING OFFICER OF THE MEETING SHALL APPOINT INSPECTORS FOR THE ELECTION. THE INSPECTORS SHALL LIST ALL CANDIDATES VALIDLY NOMINATED IN DESCENDING ORDER ACCORDING TO THE VOTES CAST FOR EACH, AND SHALL DECLARE ELECTED AS DIRECTORS IN ACCORDANCE WITH RANK IN THE VOTING THAT NUMBER OF VALID NOMINEES REQUIRED TO FILL ALL VACANCIES ON THE ENTIRE BOARD OF DIRECTORS. DIRECTORS SHALL BE ELECTED BY A PLURALITY OF THE VOTES CAST AT A MEETING OF THE MEMBERS ENTITLED TO VOTE IN THE ELECTION. FORM 990, PART VI, SECTION A, LINE 7B UNDER NEW YORK STATE LAW, VOTING MEMBERS OF THE COUNCIL HAVE THE RIGHT TO APPROVE ANY PLAN OF MERGER OR CONSOLIDATION AND/OR PLAN FOR DISSOLUTION AND DISTRIBUTION OF ASSETS. FORM 990, PART VI, SECTION B, LINE 11 ALL FINANCIAL AND NARRATIVE INFORMATION IN THE FORM 990 IS REVIEWED BY THE FOLLOWING STAFF AND THE AUDIT COMMITTEE: EXECUTIVE VICE PRESIDENT AND COO, CHIEF FINANCIAL OFFICER, GENERAL COUNSEL, AND THE PRESIDENT AND CEO. THE FINANCIAL INFORMATION IS COMPARED TO THE AUDITED FINANCIAL STATEMENTS WHICH IS REVIEWED BY THE FULL BOARD AND THE AUDIT COMMITTEE. THE FEDERAL FORM 990 IS PROVIDED TO THE FULL BOARD BEFORE THE 990 IS SUBMITTED TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C COUNCIL BOARD MEMBERS, OFFICERS AND KEY EMPLOYEES MUST ANNUALLY DISCLOSE, IN FULL, THE NAME OF EACH BUSINESS OR NONPROFIT ORGANIZATION THAT HAS OR REASONABLY EXPECTS TO HAVE ANY MATERIAL INTEREST IN ANY PROPOSED OR EXISTING CONTRACT, TRANSACTION OR ARRANGEMENT WITH THE COUNCIL ON FOUNDATIONS AND IN WHICH HE/SHE, HIS/HER SPOUSE OR ANY MEMBER OF THEIR IMMEDIATE FAMILY IS A MEMBER, DIRECTOR, OFFICER, EMPLOYER OR PARTNER. BOARD MEMBERS, OFFICERS AND KEY EMPLOYEES ARE GIVEN A FORM EACH YEAR FOR THIS PURPOSE AND MUST EITHER CHECK A BOX THAT THEY ARE NOT AWARE OF ANY CONFLICT THAT MUST BE DISCLOSED OR MUST ATTACH A LETTER DESCRIBING ANY INTERESTS THAT MUST BE DISCLOSED. COUNCIL STAFF FOLLOWS UP WITH BOARD MEMBERS, OFFICERS AND KEY EMPLOYEES AS NECESSARY TO MAKE SURE THAT ALL FORMS ARE EXECUTED AND RETURNED. IN ADDITION TO THE ANNUAL DISCLOSURE, THE COUNCIL'S CONFLICT OF INTEREST POLICIES FOR BOARD AND STAFF, WHICH ALL BOARD MEMBERS, OFFICERS AND KEY EMPLOYEES MUST SIGN EACH YEAR, PROVIDES THAT BOARD MEMBERS, OFFICERS AND KEY EMPLOYEES HAVE A CONTINUING OBLIGATION TO REPORT CONFLICTS AND MUST PROMPTLY REPORT ANY CONFLICT THAT HAS NOT PREVIOUSLY BEEN REPORTED. BOARD MEMBERS THAT ARE DEEMED TO HAVE A CONFLICT OF INTEREST BASED ON THE ABOVE PROCESSES MUST ABSTAIN FROM PARTICIPATING IN THE VOTE. OFFICERS AND KEY EMPLOYEES ARE NOT PERMITTED TO PARTICIPATE IN A DECISION REGARDING WHICH THEY HAVE A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15A THE COUNCIL CONTRACTS A CONSULTANT FIRM TO CONDUCT A MARKET ANALYSIS, WHICH RECOMMENDS COMPENSATION ADJUSTMENTS FOR THE PRESIDENT AND CEO. THE CONSULTANT'S RECOMMENDATIONS ARE THEN FORWARDED TO THE EXECUTIVE COMMITTEE WHICH RECOMMENDS THE COMPENSATION FOR THE PRESIDENT AND CEO TO THE FULL BOARD WHICH DETERMINES THE FINAL COMPENSATION. THE COUNCIL PERIODICALLY CONDUCTS COMPENSATION STUDIES FOR SENIOR MANAGEMENT POSITIONS. FORM 990, PART VI, SECTION C, LINE 19 THE COUNCIL'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS, AND THE FEDERAL FORM 990 ARE AVAILABLE ON THE COUNCIL'S WEBSITE AND UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -1,225,017. PART VI, SECTION A, LINE 1: THE EXECUTIVE COMMITTEE IS CHAIRED BY THE BOARD CHAIR AND COMPOSED OF SEVEN TO ELEVEN DIRECTORS, INCLUDING THE BOARD OFFICERS, AS WELL AS THE CHAIRS OF THE REMAINING COMMITTEES OF THE BOARD, PLUS SUCH OTHER DIRECTORS APPOINTED BY THE BOARD CHAIR, IN CONSULTATION WITH THE PRESIDENT AND CEO, AND APPROVED BY THE BOARD. IN ADDITION, THE PRESIDENT AND CEO SERVES ON THE COMMITTEE EX OFFICIO WITHOUT A VOTE. ALL OF THE MEMBERS OF THE EXECUTIVE COMMITTEE ARE ON THE GOVERNING BODY OF THE BOARD OF DIRECTORS OF THE COUNCIL ON FOUNDATIONS. THE EXECUTIVE COMMITTEE HAS THE FOLLOWING RESPONSIBILITIES AS LISTED IN THE EXECUTIVE COMMITTEE CHARTER: -ACTS AS A LIAISON TO THE PRESIDENT AND CEO, PROVIDING COUNSEL, FEEDBACK AND SUPPORT AND, TOGETHER WITH THE PRESIDENT AND CEO, ESTABLISHES THE CHIEF EXECUTIVE'S GOALS FOR THE FOLLOWING YEAR. -ENSURES DEVELOPMENT AND IMPLEMENTATION OF A STRATEGIC PLAN AND ITS ALIGNMENT WITH THE OPERATING BUDGET. -RESOLVES URGENT AND SENSITIVE ISSUES WHEN NEEDED BETWEEN FULL BOARD MEETINGS, IN CONJUNCTION WITH THE PRESIDENT AND CEO. -ANNUALLY FACILITATES AN ASSESSMENT OF THE PRESIDENT AND CEO'S PERFORMANCE AND COMPENSATION, AND PRESENTS RECOMMENDATIONS TO THE FULL BOARD. -ESTABLISHES AN EXECUTIVE SEARCH PROCESS FOR A PRESIDENT AND CEO, AS NEEDED. AS SPECIFIED IN THE BYLAWS OF THE COUNCIL ON FOUNDATIONS, THE EXECUTIVE COMMITTEE CANNOT AMEND BYLAWS, ELECT OR REMOVE BOARD MEMBERS, HIRE OR FIRE THE CHIEF EXECUTIVE, APPROVE THE CHIEF EXECUTIVE'S COMPENSATION, APPROVE OR CHANGE THE AUDIT OR ANNUAL BUDGET, OR CHANGE THE STRUCTURE OF THE BOARD OR THE ORGANIZATION. ALL OF THESE POLICY DECISIONS MUST BE CONSIDERED AND APPROVED BY THE FULL BOARD OF DIRECTORS. FORUM OF REGIONAL ASSOCIATIONS OF GRANTMAKERS 2121 CRYSTAL DRIVE 700 ARLINGTON VA 22202 522122029 STRENGTHEN THE ABILITY OF REGIONAL ASSOCIATIONS TO FULFILL THEIR MISSION. VA 501(C)(3) LINE 11 N/A 0 COMMUNITY FOUNDATIONS NATIONAL STANDARDS BOARD 2121 CRYSTAL DRIVE 700 ARLINGTON VA 22202 270448505 ADMINISTER THE NATIONAL STANDARDS ACCREDITATION PROCESS. VA 501(C)(3) LINE 11 N/A 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 COMMUNITY FOUNDATIONS NATIONAL STANDARDS BOARD N 92040 FAIR MARKET VALUE