2011-08-01T12:39:51-05:00 2010-12-31 WEBB LORAH & COMPANY PL CPAS 1107 WEST MARION AVE UNIT 115 PUNTA GORDA FL 33950 990 2010-01-01 650455319 CHARLOTTE COMMUNITY FOUNDATION INC CHAR 9416370077 403 SULLIVAN STREET ROOM/SUITE 114 PUNTA GORDA FL 33950 RON OLSEN 9416370077 2011-07-25 true GEOFFREY L LORAH 9416378884 2011-08-01 2010 2016-02-24 21:20:13Z X RON OLSEN 4365904 false X WWW.CHARLOTTECOMMUNITYFOUNDATION.ORG X 1993 FL THE ORGANIZATION EXISTS TO ENHANCE THE QUALITY OF LIFE IN CHARLOTTE COUNTY. THE ORGANIZATION'S MISSION IS TO ADVANCE THE COMMON GOOD BY NURTURING A GIVING COMMUNITY AND CONNECTING PEOPLE WHO CARE WITH CAUSES THAT MATTER. 10 10 2 0 206399 92832 0 -924521 313859 23697 40807 -694425 447498 88436 123114 0 163386 178914 6876 22942 126051 162296 377873 471200 -1072298 -23702 4415810 4363708 11131 12784 4404679 4350924 X THE ORGANIZATION EXISTS TO ENHANCE THE QUALITY OF LIFE IN CHARLOTTE COUNTY. THE ORGANIZATION'S MISSION IS TO ADVANCE THE COMMON GOOD BY NURTURING A GIVING COMMUNITY AND CONNECTING PEOPLE WHO CARE WITH CAUSES THAT MATTER. false false 120115 120114 THE FOUNDATION ADMINISTERS DONOR ADVISED, ENDOWED AND OTHER FUNDS TO PROVIDE SUPPORT FOR GENERAL CHARITABLE PURPOSES AS RECOMMENDED BY THE DONOR AND APPROVED BY THE FOUNDATION'S BOARD OF DIRECTORS. THE FOUNDATION PROVIDED ASSISTANCE TO 28 DIFFERENT ORGANIZATIONS THAT QUALIFIED BASED ON DONOR REQUESTS AND BOARD APPROVALS. 639 NON-PROFIT NETWORK: NEEDS ASSESSMENT SURVEYS ARE SENT OUT TO LOCAL NOT-FOR-PROFIT ORGANIZATIONS TO IDENTIFY THE NEEDS OF SUCH ORGANIZATIONS IN CHARLOTTE COUNTY. SUCH SURVEYS INQUIRE WHETHER THE ORGANIZATION NEEDS ASSISTANCE WITH GRANT WRITING, PLANNING FOR SUSTAINABILITY, AND TRAINING FOR BOARD MEMBERS. THE NON-PROFIT NETWORK ALSO OFFERS TRAINING WORKSHOPS BASED UPON THE SURVEY RESULTS. THE NETWORK ADDITIONALLY OFFERS ACCESS TO A RESOURCELIBRARY AT THE FOUNDATION'S FACILITY WHEREBY LOCAL NOT-FOR-PROFIT ORGANIZATIONS CAN COME TO DO RESEARCH OR EVEN CHECK MATERIALS OUT FOR LATER REFERENCE. THE NETWORK PROVIDES WEEKLY NEWSLETTERS VIA EMIAL AND REGULARLY SCHEDULED LUNCH PROGRAMS. THE NONPROFIT NETWORK CONTINUES TO BE THE ONLY ORGANIZATION IN THE COUNTY THAT PROVIDES EXTENSIVE TRAINING IN MARKETING AND FUNDRAISING TO THE NONPROFIT COMMUNITY. THE NONPROFIT NETWORK PROGRAM IS BASED ON THE ONLY CAPACITY BUILDING STUDY CONDUCTED IN THE CHARLOTTE COUNTY NONPROFITS. 3000 3000 CHARLOTTE COMMUNITY FOUNDATION SCHOLARSHIP PROGRAMS: ENDOWED SCHOLARSHIP PROGRAM: THE CCF, SINCE ITS INCEPTION IN 1995, HAS FOCUSED ON THE REASON FOR ITS EXISTENCE - TO IMPROVE THE QUALITY OF LIFE FOR RESIDENTS IN CHARLOTTE COUNTY. WHAT BETTER WAY TO HELP IMPROVE THE COMMUNITY'S QUALITY OF LIFE THAN TO SUPPORT RESIDENTS IN THEIR DESIRE TO IMPROVE THEMSELVES - TO FULFILL THEIR DREAMS - THROUGH HIGHER EDUCATION. IN 1997, AS EDISON STATE COLLEGE (THEN EDISON COLLEGE) WAS JUST BEGINNING ITS SECOND YEAR IN CHARLOTTE COUNTY, THE CCF BOARD MADE A COMMITMENT TO ESTABLISH AN ENDOWED SCHOLARSHIP FUND FOR RESIDENTS OF CHARLOTTE COUNTY. IN 2000, WHEN FLORIDA GULF COAST UNIVERSITY WAS IN ITS EARLY DEVELOPMENT, THE CCF BOARD AGAIN MADE THE DECISION TO ESTABLISH AN ENDOWED SCHOLARSHIP FUND AT THE NEW UNIVERSITY - STRICTLY FOR RESIDENTS OF CHARLOTTE COUNTY. YOU'LL NOTE THE WORD "RESIDENTS." THESE ENDOWED FUNDS ARE NOT JUST FOR STUDENTS FINISHING HIGH SCHOOL IN CHARLOTTE COUNTY, BUT RATHER FOR ANY "RESIDENTS," NO MATTER THEIR AGES, WHO WISH TO EXPAND THEIR SKILLS AND COMPETENCIES AT ONE OR BOTH OF THESE FINE INSTITUTIONS. IN THE BEGINNING YEARS, THE FOUNDATION HELD ANNUAL GOLF TOURNAMENTS TO PROVIDE REVENUES TO ADD TO THESE TWO SPECIAL ENDOWED FUNDS. MORE RECENTLY, CHARLOTTE COUNTY RESIDENTS HAVE CONTRIBUTED TO THESE FUNDS. LEO WOTITZKY PROGRAM: THE LEO WOTITZKY SCHOLARSHIP FUND WAS ESTABLISHED AS AN ENDOWED FUND BY THE CCF BOARD OF DIRECTORS TO HONOR THE COMMUNITY LEADER AND FOUNDATION'S FIRST CHAIRMAN, LEO WOTITZKY. IT IS NOT A DONOR ADVISED FUND; A MYRIAD OF COMMUNITY MEMBERS, ALONG WITH FRIENDS AND FAMILY MEMBERS HAVE CONTRIBUTED TO THE FUND. A COMPETITIVE PROCESS HAS BEEN ESTABLISHED WITH A BOARD - APPOINTED COMMITTEE OF FOUR COMMUNITY LEADERS, ONE OF WHOM IS THE SON OF LEO WOTITZKY. THE BOARD APPROVES THE PROCESS WHICH INCLUDES: (A) AN EXTENSIVE APPLICATION PROCESS WITH CRITERIA THAT INCLUDES A GRADUATE OF A CHARLOTTE COUNTY PUBLIC HIGH SCHOOL, COMMUNITY SERVICE LEADERSHIP SKILLS, ACCEPTED TO (OR ALREADY ATTENDING AND IN GOOD STANDING) AN ACCREDITED POST-SECONDARY EDUCATION INSTITUTION, AN ESSAY ON FUTURE ASPIRATIONS, AND REFERENCES. (B) MARKETING OF THE SCHOLARSHIP PROGRAM THAT INCLUDES LETTERS TO ALL CHARLOTTE COUNTY PUBLIC SCHOOLS AND THE NEARBY ACADEMIC INSTITUTIONS, ADS IN LOCAL PAPERS, INCLUDING THE STUDENT PAPER, "BUZZ," NOTICES IN TWO LOCAL CHAMBERS OF COMMERCE AND ANNOUNCEMENTS VIA LOCAL RADIO PROGRAMS. (C) ASSESSMENT OF ALL APPLICATIONS USING A DETAILED EVALUATION FORM. ESTABLISHED INTERVIEW PROCESS WHEN COMMITTEE MEMBERS DESIRE ADDITIONAL INFORMATION. COMMITTEE RECOMMENDATION IS GIVEN TO THE CCF BOARD WHO THEN MAKES THE FINAL DETERMINATION FOR THE AWARDS. 266037 THESE ARE EXPENSES INCURRED TO ACCOMPLISH THE FOLLOWING FOUNDATION OBJECTIVES: STRATEGIC OBJECTIVES GROW AND PRESERVE CCF'S ENDOWMENT TO ADDRESS CHANGING COMMUNITY NEEDS. EXPAND THE COMMUNICATIONS AND MARKETING PROGRAM TO ENHANCE THE VISIBILITY OF THE FOUNDATION AND ITS ROLE IN BUILDING LEGACIES. ESTABLISH A "PROACTIVE" CULTURE IN GRANT MAKING TO ADDRESS UN-SERVED NEEDS. DEVELOP AND IMPLEMENT PROCEDURES TO IDENTIFY AND MATCH DONORS WITH CRITICAL COMMUNITY NEEDS. ENCOURAGE PROFESSIONAL DEVELOPMENT OF LOCAL NONPROFIT ORGANIZATIONS. DEVELOP AND SUPPORT POLICIES AND PROCEDURES THAT ENSURE BOTH THE IMPLEMENTATION OF CCF'S STRATEGIC PLAN AND CONTINUED IMPROVEMENT OF THE FOUNDATION'S GOVERNANCE STRUCTURE, OPERATIONS, AND COMMUNICATIONS SYSTEMS. 266037 389791 true true false false false true false false false true true false false false true true 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 false true 3 0 false 2 true false false false false false false false false false false false false false false false X 10 10 false false false false false false false true true false false true true true true false false true true false X DEBORAH M RICCI 9416370077 403 SULLIVAN STREET UNIT 114 PUNTA GORDA FL 33950 X RON OLSEN 5.00 X X 0 0 0 BRIAN PRESLEY 5.00 X X 0 0 0 VERNON PEEPLES 2.00 X 0 0 0 ROBIN BAYNE 5.00 X X 0 0 0 HASAN HAMMAMI 2.00 X 0 0 0 DAVID HOLMES 5.00 X X 0 0 0 CONNIE KANTOR 2.00 X 0 0 0 RONALD MONCK 5.00 X X 0 0 0 JIMMY DEAN 2.00 X 0 0 0 MARY BRYSKI 2.00 X 0 0 0 false false false 92832 9972 92832 87367 87367 4144461 437 3918406 226055 437 226492 226492 FUND MANAGEMENT FEES 29980 29980 INVESTMENT INCOME 9646 9646 SALE OF BOOKS 1181 1181 40807 447498 267299 87367 123114 123114 85000 68000 12750 4250 75213 60170 11282 3761 7189 5752 1078 359 11512 9210 1726 576 34143 27314 5121 1708 9550 7640 1433 477 6876 6876 29911 23929 4486 1496 1608 991 556 61 11237 8990 1685 562 26030 16468 8532 1030 8489 3990 3990 509 18430 14744 2764 922 2471 2471 13313 11316 1997 4305 3444 646 215 2809 2248 421 140 471200 389791 58467 22942 242253 31405 1190 111 3420 4620 394541 18319 187817 376222 3979102 3950603 2028 747 4415810 4363708 6811 3464 4320 9320 11131 12784 X 2770906 2610253 1633773 1740671 4404679 4350924 4415810 4363708 -23702 -30053 X false true false X false X 179764 724285 1395661 206399 92832 2598941 179764 724285 1395661 206399 92832 2598941 2598941 147401 79854 109786 74392 97450 508883 3107824 40807 0.83630 0.84230 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 16 16 35859 56973 15680 107434 true true false false false false false 1338368 26150 153461 29218 1423419 1202006 23837 148892 36367 1338368 419523 1198080 256220 159377 1202006 1.00000 false false false 190470 190470 37150 37150 26921 18319 8602 140000 140000 376222 447498 471200 -23702 -136951 -136951 -160653 310547 89104 89104 221443 226055 226055 447498 471200 471200 471200 INTENDED USES FOR ENDOWMENT FUNDS SCHEDULE D, PAGE 2, PART V, LINE 4 THE PRIMARY PURPOSE OF THE ENDOWMENT FUNDS ADMINISTERED BY THE FOUNDATION IS TO SUPPORT THE PROGRAMS AND SERVICES OF THE DONOR ENTITY AND TO ADHERE TO THE THE ENTITY'S MISSION AS DESCRIBED IN ITS BYLAWS OR ORGANIZATIONAL DOCUMENTS. FOR INDIVIDUALS ESTABLISHING ENDOWMENT FUNDS, SUCH FUNDS ARE ADMINISTERED IN ACCORDANCE WITH THE TERMS OF THE ENDOWMENT FUND AGREEMENT WITH THE FOUNDATION. DISTRIBUTIONS FROM ENDOWMENT FUNDS ARE MADE IN ACCORDANCE WITH FOUNDATION POLICIES, CONSIDERING REQUESTS FROM THE DONOR ENTITY OR INDIVIDUAL. LIABILITY UNDER FIN 48 FOOTNOTE SCHEDULE D, PAGE 3, PART X THE FOUNDATION HAS ADOPTED THE PROVISIONS OF ACCOUNTING STANDARDS CODIFICATION (ASC) 740, INCOME TAXES, WHICH PRESCRIBES A COMPREHENSIVE MODEL FOR THE RECOGNITION, CLASSIFICATION AND DISCLOSURE OF UNCERTAIN TAX POSITIONS. MANAGEMENT BELIEVES THAT APPROPRIATE SUPPORT EXISTS FOR THE POSITIONS TAKEN ON THE FOUNDATION'S TAX RETURNS, BOTH WITH THE U.S. INTERNAL REVENUE SERVICE (IRS) AND THE STATE OF FLORIDA DEPARTMENT OF REVENUE. THEREFORE, NO ACCRUAL FOR TAX LIABILITIES RELATED TO SUCH TAX POSITIONS HAS BEEN MADE. SHOULD INTEREST EXPENSE AND/OR PENALTIES BE ASSESSED BY THESE TAXING AUTHORITIES, THE FOUNDATION WOULD RECOGNIZE THESE COSTS AS OPERATING EXPENSES. DURING THE YEAR ENDED DECEMBER 31, 2010, THE FOUNDATION DID NOT INCUR INTEREST EXPENSE AND/OR PENALTIES RELATED TO INCOME TAXES. THE FOUNDATION'S FEDERAL AND STATE INCOME TAX RETURNS COULD GENERALLY BE SUBJECT TO EXAMINATION FOR THREE YEARS AFTER THE FILING DATE OF SUCH TAX RETURNS. THE FOUNDATION HAS NOT BEEN NOTIFIED OF ANY TAX RETURN EXAMINATIONS. RECONCILIATION OF CHANGES - OTHER SCHEDULE D, PAGE 4, PART XI, LINE 8 BOOK TAX DIFFERENCE 1,813 UNREALIZED LOSSES ON ASSETS -138,691 REALIZED GAINS ON FINANCIAL STATEMENTS 225,982 GAIN/LOSS ON DISPOSAL OF ASSETS -226,055 REVENUE AMOUNTS INCLUDED IN FINANCIALS - OTHER SCHEDULE D, PAGE 4, PART XII, LINE 2D BOOK TAX DIFFERENCE 1,813 UNREALIZED LOSSES ON ASSETS -138,691 REALIZED GAINS ON FINANCIAL STATEMENTS 225,982 REVENUE AMOUNTS INCLUDED ON RETURN - OTHER SCHEDULE D, PAGE 4, PART XII, LINE 4B GAIN/LOSS ON DISPOSAL OF ASSETS 226,055 SUPPLEMENTAL FINANCIAL INFORMATION SCHEDULE D, PAGE 4, PART XIV DURING 2010, THE FOUNDATION ACQUIRED LAND IN DOWNTOWN PUNTA GORDA, UPON WHICH THE FOUNDATION INTENDS TO BUILD ITS FUTURE HOME. THE PRELIMINARY DESIGN OF THE PERMANENT CHARLOTTE COMMUNITY FOUNDATION INCLUDES TWO BUILDINGS JOINED BY A COURTYARD. ONE BUILDING IS FOR DAILY OPERATIONS AND ONE WILL BE USED FOR EDUCATION. AT DECEMBER 31, 2010 CONSTRUCTION OF THE NEW BUILDING HAD NOT YET BEGUN. UNTIL THIS BUILDING PROJECT IS COMPLETE, THE FOUNDATION WILL CONTINUE TO LEASE OFFICE SPACE IN DOWNTOWN PUNTA GORDA. true VIRGINIA B ANDES VOLUNTEER COMMUNIT 21450 GIBRALTER DRIVE PORT CHARLOTTE FL 33952 650958642 3 32291 AMERICAN RED CROSS 866 TAMIAMI TRAIL SUITE 8 PORT CHARLOTTE FL 33953 530196605 3 6100 CHARLOTTE CO HABITAT FOR HUMANITY 1750 MANZANA AVE PUNTA GORDA FL 33950 592870908 3 12840 DOCTORS WITHOUT BORDERS 333 7TH AVENUE FL 2 NEW YORK NY 100015126 133433452 3 9840 TEAM PUNTA GORDA 252 W MARION AVE 121 PUNTA GORDA FL 339504435 202375899 3 7500 VISUAL ARTS CENTER ENDOWMENT TRUST 210 MAUDE ST PUNTA GORDA FL 339503359 263606606 3 7000 PUNTA GORDA HISTORIC MURAL SOCIETY PO BOX 510506 PUNTA GORDA FL 33951 650563402 3 7500 25 3 SECOND ACHIEVEMENT DESCRIPTION FORM 990, PAGE 2, PART III, LINE 4B WEEKLY NEWSLETTERS VIA EMIAL AND REGULARLY SCHEDULED LUNCH PROGRAMS. THE NONPROFIT NETWORK CONTINUES TO BE THE ONLY ORGANIZATION IN THE COUNTY THAT PROVIDES EXTENSIVE TRAINING IN MARKETING AND FUNDRAISING TO THE NONPROFIT COMMUNITY. THE NONPROFIT NETWORK PROGRAM IS BASED ON THE ONLY CAPACITY BUILDING STUDY CONDUCTED IN THE CHARLOTTE COUNTY NONPROFITS. THIRD ACHIEVEMENT DESCRIPTION FORM 990, PAGE 2, PART III, LINE 4C SCHOLARSHIP FUND FOR RESIDENTS OF CHARLOTTE COUNTY. IN 2000, WHEN FLORIDA GULF COAST UNIVERSITY WAS IN ITS EARLY DEVELOPMENT, THE CCF BOARD AGAIN MADE THE DECISION TO ESTABLISH AN ENDOWED SCHOLARSHIP FUND AT THE NEW UNIVERSITY - STRICTLY FOR RESIDENTS OF CHARLOTTE COUNTY. YOU'LL NOTE THE WORD "RESIDENTS." THESE ENDOWED FUNDS ARE NOT JUST FOR STUDENTS FINISHING HIGH SCHOOL IN CHARLOTTE COUNTY, BUT RATHER FOR ANY "RESIDENTS," NO MATTER THEIR AGES, WHO WISH TO EXPAND THEIR SKILLS AND COMPETENCIES AT ONE OR BOTH OF THESE FINE INSTITUTIONS. IN THE BEGINNING YEARS, THE FOUNDATION HELD ANNUAL GOLF TOURNAMENTS TO PROVIDE REVENUES TO ADD TO THESE TWO SPECIAL ENDOWED FUNDS. MORE RECENTLY, CHARLOTTE COUNTY RESIDENTS HAVE CONTRIBUTED TO THESE FUNDS. LEO WOTITZKY PROGRAM: THE LEO WOTITZKY SCHOLARSHIP FUND WAS ESTABLISHED AS AN ENDOWED FUND BY THE CCF BOARD OF DIRECTORS TO HONOR THE COMMUNITY LEADER AND FOUNDATION'S FIRST CHAIRMAN, LEO WOTITZKY. IT IS NOT A DONOR ADVISED FUND; A MYRIAD OF COMMUNITY MEMBERS, ALONG WITH FRIENDS AND FAMILY MEMBERS HAVE CONTRIBUTED TO THE FUND. A COMPETITIVE PROCESS HAS BEEN ESTABLISHED WITH A BOARD - APPOINTED COMMITTEE OF FOUR COMMUNITY LEADERS, ONE OF WHOM IS THE SON OF LEO WOTITZKY. THE BOARD APPROVES THE PROCESS WHICH INCLUDES: (A) AN EXTENSIVE APPLICATION PROCESS WITH CRITERIA THAT INCLUDES A GRADUATE OF A CHARLOTTE COUNTY PUBLIC HIGH SCHOOL, COMMUNITY SERVICE LEADERSHIP SKILLS, ACCEPTED TO (OR ALREADY ATTENDING AND IN GOOD STANDING) AN ACCREDITED POST-SECONDARY EDUCATION INSTITUTION, AN ESSAY ON FUTURE ASPIRATIONS, AND REFERENCES. (B) MARKETING OF THE SCHOLARSHIP PROGRAM THAT INCLUDES LETTERS TO ALL CHARLOTTE COUNTY PUBLIC SCHOOLS AND THE NEARBY ACADEMIC INSTITUTIONS, ADS IN LOCAL PAPERS, INCLUDING THE STUDENT PAPER, "BUZZ," NOTICES IN TWO LOCAL CHAMBERS OF COMMERCE AND ANNOUNCEMENTS VIA LOCAL RADIO PROGRAMS. (C) ASSESSMENT OF ALL APPLICATIONS USING A DETAILED EVALUATION FORM. ESTABLISHED INTERVIEW PROCESS WHEN COMMITTEE MEMBERS DESIRE ADDITIONAL INFORMATION. COMMITTEE RECOMMENDATION IS GIVEN TO THE CCF BOARD WHO THEN MAKES THE FINAL DETERMINATION FOR THE AWARDS. ALL OTHER ACHIEVEMENTS DESCRIPTION FORM 990, PAGE 2, PART III, LINE 4D THESE ARE EXPENSES INCURRED TO ACCOMPLISH THE FOLLOWING FOUNDATION OBJECTIVES: STRATEGIC OBJECTIVES GROW AND PRESERVE CCF'S ENDOWMENT TO ADDRESS CHANGING COMMUNITY NEEDS. EXPAND THE COMMUNICATIONS AND MARKETING PROGRAM TO ENHANCE THE VISIBILITY OF THE FOUNDATION AND ITS ROLE IN BUILDING LEGACIES. ESTABLISH A "PROACTIVE" CULTURE IN GRANT MAKING TO ADDRESS UN-SERVED NEEDS. DEVELOP AND IMPLEMENT PROCEDURES TO IDENTIFY AND MATCH DONORS WITH CRITICAL COMMUNITY NEEDS. ENCOURAGE PROFESSIONAL DEVELOPMENT OF LOCAL NONPROFIT ORGANIZATIONS. DEVELOP AND SUPPORT POLICIES AND PROCEDURES THAT ENSURE BOTH THE IMPLEMENTATION OF CCF'S STRATEGIC PLAN AND CONTINUED IMPROVEMENT OF THE FOUNDATION'S GOVERNANCE STRUCTURE, OPERATIONS, AND COMMUNICATIONS SYSTEMS. ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 FORM 990, PAGE 6, PART VI, LINE 11B THE FOUNDATION'S BOARD OF DIRECTORS RECEIVED AND REVIEWED THE FORM 990 BEFORE FILING. ENFORCEMENT OF CONFLICTS POLICY FORM 990, PAGE 6, PART VI, LINE 12C STATEMENT OF GENERAL POLICY ON CONFLICTS OF INTEREST: THIS POLICY RECOGNIZES THAT BOTH REAL AND APPARENT CONFLICTS OF INTEREST AND DUALITIES OF INTEREST (HEREINAFTER REFERRED TO AS "CONFLICTS") SOMETIMES OCCUR IN THE COURSE OF CONDUCTING THE CORPORATION'S DAILY AFFAIRS. A CONFLICT AS USED IN THIS POLICY REFERS ONLY TO PERSONAL, PROPRIETARY INTERESTS OF THE PERSONS COVERED BY THIS POLICY AND THEIR IMMEDIATE FAMILIES AND NOT TO PHILOSOPHICAL OR PROFESSIONAL DIFFERENCES IN OPINION. CONFLICTS OCCUR BECAUSE THE MANY PERSONS ASSOCIATED WITH THE CORPORATION SHOULD BE EXPECTED TO HAVE AND DO IN FACT GENERALLY HAVE MULTIPLE INTERESTS AND AFFILIATIONS AND VARIOUS POSITIONS OF RESPONSIBILITY WITHIN THE COMMUNITY. SOMETIMES A PERSON WILL OWE IDENTICAL DUTIES TO TWO OR MORE ORGANIZATIONS CONDUCTING SIMILAR ACTIVITIES. CONFLICTS ARE UNDESIRABLE BECAUSE THEY POTENTIALLY OR APPARENTLY PLACE THE INTERESTS OF OTHERS AHEAD OF THE CORPORATION'S OBLIGATIONS TO ITS CORPORATE PURPOSES AND TO THE PUBLIC INTEREST. CONFLICTS ARE ALSO UNDESIRABLE BECAUSE THEY OFTEN REFLECT ADVERSELY UPON THE PERSONS INVOLVED AND UPON THE INSTITUTIONS WITH WHICH THEY ARE AFFILIATED, REGARDLESS OF THE ACTUAL FACTS OR MOTIVATIONS OF THE PARTIES. HOWEVER, THE LONG-RANGE BEST INTERESTS OF THE CORPORATION DO NOT REQUIRE THE TERMINATION OF ALL ASSOCIATION WITH PERSONS WHO MAY HAVE REAL OR APPARENT CONFLICTS IF A PRESCRIBED AND EFFECTIVE METHOD CAN RENDER SUCH CONFLICTS HARMLESS TO ALL CONCERNED. THEREFORE, THE CORPORATION'S AFFIRMATIVE POLICY SHALL BE TO REQUIRE THAT ALL ACTUAL OR APPARENT CONFLICTS BE DISCLOSED PROMPTLY AND FULLY TO ALL NECESSARY PARTIES AND TO PROHIBIT SPECIFIED INVOLVEMENT IN THE AFFAIRS OF THE CORPORATION BY PERSONS HAVING SUCH CONFLICTS. COVERAGE OF THIS POLICY: THIS POLICY SHALL APPLY TO THE DIRECTORS, OFFICERS, AGENTS AND EMPLOYEES OF THE CORPORATION, INCLUDING ADVISORY COUNCIL MEMBERS, OFFICE VOLUNTEERS, AND INDEPENDENT CONTRACTOR PROVIDERS OF SERVICES AND MATERIALS. THE CORPORATION'S MANAGEMENT SHALL HAVE THE AFFIRMATIVE OBLIGATION TO PUBLICIZE PERIODICALLY THIS POLICY TO ALL SUCH PARTIES. DISCLOSURE OF ALL CONFLICTS: EACH PERSON TO WHOM THIS POLICY APPLIES SHALL DISCLOSE ALL REAL AND APPARENT CONFLICTS, WHICH HE/SHE DISCOVERS OR HAS BROUGHT TO HIS/HER ATTENTION IN CONNECTION WITH THE CORPORATION'S ACTIVITIES. "DISCLOSURE" AS USED IN THIS POLICY SHALL MEAN PROVIDING PROMPTLY TO THE APPROPRIATE PERSONS A WRITTEN DESCRIPTION OF THE FACTS COMPRISING THE REAL OR APPARENT CONFLICT. ALL DISCLOSURE NOTICES RECEIVED HEREUNDER SHALL BE NOTED FOR THE RECORD IN THE MINUTES OF THE MEETING OF THE BOARD OF DIRECTORS. PROSCRIBED ACTIVITY BY PERSONS HAVING CONFLICTS: WHEN A DIRECTOR, OFFICER, AGENT OR EMPLOYEE BELIEVES THAT HE/SHE OR A MEMBER OF HIS/HER IMMEDIATE FAMILY MIGHT HAVE OR DOES HAVE A REAL OR APPARENT CONFLICT, HE SHALL, IN ADDITION TO MAKING THE REQUIRED DISCLOSURE, ABSTAIN FROM MAKING MOTIONS, VOTING, EXECUTING AGREEMENTS, OR TAKING ANY OTHER SIMILAR DIRECT ACTION ON BEHALF OF THE CORPORATION WHERE THE CONFLICT MIGHT PERTAIN, BUT SHALL NOT BE PRECLUDED FROM DEBATE OR OTHER SIMILAR INVOLVEMENT ON BEHALF OF THE CORPORATION. WHEN ANY PERSON REQUESTS IN WRITING, OR UPON ITS OWN INITIATIVE, THE BOARD AT ANY TIME MAY ESTABLISH FURTHER GUIDELINES CONSISTENT WITH THE INTERESTS OF THE CORPORATION FOR THE RESOLUTION OF ANY REAL OR APPARENT CONFLICTS. COMPENSATION PROCESS FOR TOP OFFICIAL FORM 990, PAGE 6, PART VI, LINE 15A THE CHARLOTTE COMUNITY FOUNDATION'S CHIEF EXECUTIVE OFFICER FOR THE FOUNDATION IS REVIEWED ON A YEARLY BASIS, ON OR ABOUT THE ANNIVERSARY DATE OF EMPLOYMENT. THE CHAIRMAN SELECTS A TASK FORCE CONSISTING OF MEMBERS OF CCF'S EXECUTIVE COMMITTEE, ALONG WITH ANY OTHER BOARD MEMBERS, TO BOTH REVIEW THE PERFORAMANCE OF AND MEET WITH THE CEO TO DISCUSS THEIR ASSESSMENT AND EXPECTATIONS FOR FUTURE ENGAGEMENT. THE COMMITTEE FIRST MEETS INDEPENDENTLY OF THE CEO TO IDENTIFY ANY SPECIFIC ISSUES/CONCERNS. THE DISCUSSION WILL TAKE INTO ACCOUNT ANY INFORMATION THAT THE CEO WISHES TO PROVIDE TO THE COMMITTEE. AREAS TO BE ADDRESSED INCLUDE SUCH JOB RESPONSIBILITIES AS PLANNING, OPERATIONS, GOVERNANCE, PUBLIC RELATIONS, DEVELOPMENT AND MARKETING, LINKAGES WITH OTHER FUNDRAISING AND PHILANTHROPIC GROUPS, FISCAL MANAGEMENT, GRANT MAKING, INVESTMENT MANAGEMENT AND FUNDRAISING. IN ADDITION, GOALS AND/OR OBJECTIVES ESTABLISHED IN THE PREVIOUS YEAR ARE REVIEWED ALONG WITH AREAS REQUIRING IMPROVEMENT AND/OR ACCOMPLISHMENTS. THE COMMITTEE THEN MEETS WITH THE CEO TO DISCUSS OUTCOMES OF THEIR INDEPENDENT ASSESSMENT. DURING THE DISCUSSION, NEW GOALS, AS APPROPRIATE, ARE ADDRESSED AND AGREED UPON BY ALL PARTIES. COMPENSATION FOR CEO IS MADE AFTER AN ANNUAL REVIEW OF PERFORMANCE MADE BY CHAIRMAN AND VICE-CHAIRMAN. THEIR RECOMMENDATION IS THEN SENT TO BE APPROVED BY THE ENTIRE CCF BOARD. THE CEO IS HIRED ON A ONE YEAR CONTRACT PERIOD, TO BE RENEWED BY THE MUTUAL AGREEMENT OF BOTH PARTIES. COMPENSATION PROCESS FOR OFFICERS FORM 990, PAGE 6, PART VI, LINE 15B THE CEO CONDUCTS AN ANNUAL PERFORMANCE REVIEW WITH KEY EMPLOYEES ON THEIR ANNIVERSARY DATE OF HIRE. BASED ON OVERALL PERFORMANCE (GOALS ARE ESTABLISHED IN ADVANCE) THE CEO AND TREASURER MAKE A RECOMMENDATION TO CHAIR. THIS IS THEN PASSED ALONG TO THE FULL CCF BOARD FOR THEIR APPROVAL. GOVERNING DOCUMENTS DISCLOSURE EXPLANATION FORM 990, PAGE 6, PART VI, LINE 19 THE GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.