Page 7 - April Report2022

New Offices
Resilience
End Notes
We moved into our new office space last Friday. Please make note of the new address:
One N. Clematis Street Suite 307, West Palm Beach, Florida 33401
Financial report re: comparisons
At the most recent Audit and Risk Committee Meeting and the most recent Board Meeting it was pointed out that we should no longer be comparing our Foundation to other Foundations in the $150,000,000 to $250,000,000 range since we are now over $250,000,000. Dick contacted Foundation Financial Officers Group (FFOG) and they guided him toward updating our footnote which now reads “FFOG’s 2020 Admin Costs Survey of 140 grant making foundations found that the average of all 140 foundations surveyed for Charitable Administrative Expenses as % of Average Assets was .95%. In that same survey 31 grant making foundations with assets below $300,000,000 surveyed had an average of 2.05%. Johnson Scholarship Foundation in 2020 was .75%.”
Conflict of Interest Statement for 2022
If you have not already sent your completed Conflict of Interest Statement to the office, please do so. We will publish the full listing for your information in the May Monthly Report.
September 2022 meetings
The September meetings will be September 11th through 13th. Watch for information in coming Monthly Reports as we work out the details of travel to hold our semi-annual Board and committee meetings and visit Sonoma State University in northern California. Our hope is also to be able to schedule an optional site visit to Weingarten Children’s Center outside of San Francisco.
December 2022 meetings
The December meetings have been moved to the second weekend in December. The dinner will be Friday, December 9th. The Grant Program Committee meeting, Compensation Committee meeting, and convening dinner will be Saturday, December 10th. The Disadvantaged Convening will be Sunday, December 11th.
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