Foundation Transparency

La Crosse Community Foundation has adopted numerous policies and procedures to guarantee how we conduct our business is not only legal, but ethical. The Foundation's accreditation by National Standards for U.S. Community Foundations affirms we operate using the best practices known for philanthropy. 

Our policies and procedures include:

Records retention. The destruction and/or rentention of financial and other transactional records is important. Our board has adopted a policy to ensure we maintain a record of our activities as required by law.

Finance and Investment Committee. A committee of board members with strong backgrounds in accounting and finance work closely with our staff and auditors to oversee accounting and financial reporting as well as internal controls. This committee also reviews Foundation investment performance quarterly, reviewing managers and recommending changes in strategy and direction as necessary. 

Wistleblower policy. Board members, committee members, staff and other vendors are required to report unethical, dishonest or fradulent activity. These complaints will be thoroughly investigated, and the reporter will be protected from retribution.

990 and audit. The Foundation completes a 990 and independent audit each year. These documents are available for public inspections. The 990 is posted below, and the audit can be requested from our office. 

Conflicts of interest. Each year, our board members, committee members and staff are required to sign a conflict of interest statement, which discloses any potential conflicts they may have with the Foundation. Further, board and committee members are not allowed to vote on items in which they have a known conflict.

Confidentiality. Board members, committee members and staff are required to sign a confidentiality agreement each year. Confidential information is defined as any information or material which is proprietary or which is not generally known outside of the Foundation - including, but not limited to, financial and marketing data, donor or grantee information and other information that may be deemed sensitive. 

Foundation Documents

Further information, including audit, investment managers and fee schedules are available upon request.

401 Main St., Ste. 205
La Crosse, WI 54601
Phone: (608) 782-3223
           
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