| FORM 990, PART III, LINE 1, ORGANIZATION MISSION: |
THE PITTSBURGH FOUNDATION WORKS TO IMPROVE THE QUALITY OF LIFE IN THE PITTSBURGH REGION
BY EVALUATING AND ADDRESSING COMMUNITY ISSUES, PROMOTING RESPONSIBLE PHILANTHROPY,
AND CONNECTING DONORS TO THE CRITICAL NEEDS OF THE COMMUNITY. |
| FORM 990, PART VI, SECTION A, LINE 2 |
EDITH SHAPIRA AND TERRY MILLER - BUSINESS RELATIONSHIP WILLIAM GENERETT AND JOHN MCGINLEY
- BUSINESS RELATIONSHIP LAURA KARET AND EDITH SHAPIRA - FAMILY RELATIONSHIP EDITH
SHAPIRA AND PATRICK DOWD - BUSINESS RELATIONSHIP |
| FORM 990, PART VI, SECTION B, LINE 11B |
THE PITTSBURGH FOUNDATION'S DRAFT FORM 990 IS REVIEWED AND APPROVED BY THE AUDIT COMMITTEE.
THE AUDIT COMMITTEE THEN REPORTS TO THE FULL BOARD AT THE BOARD MEETING THAT FORM
990 FOR THE ORGANIZATION AND ITS SUPPORTING ORGANIZATIONS WERE REVIEWED, APPROVED
AND TIMELY FILED. A COMPLETE COPY OF THE FORM 990 IS PROVIDED TO THE BOARD PRIOR TO
FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C |
IN THE FIRST MEETING OF EACH YEAR THE EXECUTIVE ASSISTANT ASKS EVERY BOARD MEMBER,
BOTH CURRENT AND EMERITUS, TO COMPLETE AND RETURN THE FOLLOWING FORMS TO HELP THE
FOUNDATION KEEP THEIR RECORDS, ASSIST MEMBERS EXECUTE THEIR FIDUCIARY RESPONSIBILITIES,
AND ENSURE COMPLIANCE WITH GOVERNING POLICIES, PROCESSES AND PROCEDURES. 1. BOARD
MEMBER DATA SHEET (CONTACT INFORMATION) 2. CONFLICT OF INTEREST 3. IRS REQUIRED DISCLOSURES
4. CONFLICT OF INTEREST DECLARATION WHEN THE COMPLETED FORMS ARE RETURNED, THE EXECUTIVE
ASSISTANT UPDATES THE FOUNDATION'S DATABASE WITH ANY CHANGES TO CONTACT INFORMATION
AND CONFLICTS OF INTEREST. A SUMMARY OF CONFLICTS IS THEN PROVIDED TO THE FOUNDATION'S
PROGRAM COMMITTEE FOR REVIEW AND DISCUSSION. THE EXECUTIVE ASSISTANT KEEPS THE ORIGINAL
FORMS, WHICH ARE DATED AND SIGNED BY EACH BOARD MEMBER, ON FILE. THE FOUNDATION ALSO
ATTEMPTS TO ENSURE THE INFORMATION IS CORRECT DURING THE PROGRAM AND POLICY COMMITTEE
MEETINGS WHERE EACH COMMITTEE MEMBER RECEIVES A LIST OF THEIR CONFLICTS, AS REFLECTED
IN THE FOUNDATION'S DATABASE. THEY ARE ASKED AT THAT TIME TO MAKE ANY CHANGES NECESSARY.
PROGRAM STAFF WILL FORWARD THOSE REVISIONS, IF ANY, TO THE EXECUTIVE ASSISTANT WHO
MAKES THE CHANGES IN THE FOUNDATION'S DATABASE. |
| FORM 990, PART VI, SECTION B, LINE 15 |
THE PROCESS BEGINS WITH A COLLECTION OF COMPARABLE TOTAL COMPENSATION DATA FROM COUNCIL
ON FOUNDATION'S COMPENSATION SURVEY, AND THE LARGER COMMUNITY FOUNDATION COMPENSATION
AND BENEFITS SURVEY, WHICH COLLECTS AND SUMMARIZES COMPENSATION AND BENEFIT DATA FROM
THE 30 LARGEST COMMUNITY FOUNDATIONS, SORTED BY BOTH ASSET SIZE AND GEOGRAPHICAL LOCATION.
AN INTERMEDIATE SANCTIONS REVIEW PACKAGE IS PREPARED FOR THE EXECUTIVE COMMITTEE OF
THE BOARD TO REVIEW. IN ADDITION TO INCLUDING A COMPARABLE SALARY ANALYSIS, THE PACKAGE
OUTLINES THE CEO AND VICE PRESIDENTS COMPENSATION TO FACILITATE THE EXECUTIVE COMMITTEE'S
DETERMINATION AS TO WHETHER THEIR COMPENSATION AND BENEFITS ARE REASONABLE AND APPROPRIATE
COMPARED TO MARKET STANDARDS AND TO ENSURE THAT NO ONE IS RECEIVING AN EXCESS BENEFIT.
AT THE CONCLUSION OF THE REVIEW PROCESS THE COMPENSATION PACKAGES ARE APPROVED BY
THE FOUNDATION'S INDEPENDENT EXECUTIVE COMMITTEE OF THE BOARD. IN THE CASE OF THE
CEO, THE BOARD CHAIR ALSO CONDUCTS AN ANNUAL PERFORMANCE REVIEW OF THE CEO INCLUDING
COLLECTING 360 FEEDBACK FROM KEY STAFF AND BOARD MEMBERS. |
| FORM 990, PART VI, SECTION C, LINE 19 |
THE PITTSBURGH FOUNDATION MAKES ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY
AVAILABLE UPON REQUEST. FINANCIAL STATEMENTS AND THE COMPLETED FORM 990 ARE MADE AVAILABLE
TO THE PUBLIC VIA THE ORGANIZATION'S WEBSITE. |
| FORM 990, PART XI, LINE 9: |
CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 27,784,213. CHANGE IN VALUE OF PERPETUAL
TRUST HELD BY OTHERS 883,662. PENSION VALUATION ADJUSTMENT -514,745. GRANT CANCELLATIONS/REFUNDS
647,322. |
| FORM 990, PART XII, LINE 2C OVERSIGHT OF FINANCIAL STATEMENT AUDIT: |
THE FOUNDATION'S FINANCIAL STATEMENTS ARE AUDITED BY AN INDEPENDENT ACCOUNTING FIRM.
IN ADDITION, THE FOUNDATION HAS A COMMITTEE THAT ASSUMES THE RESPONSIBILITY FOR OVERSIGHT
OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF ITS INDEPENDENT ACCOUNTANT.
THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. |
| FORM 990, PART VII, EMERITUS DIRECTORS: |
THE FOLLOWING MEMBERS SERVE ON THE PITTSBURGH FOUNDATION BOARD OF DIRECTORS AS EMERITI
DIRECTORS BUT HAVE NO VOTING POWERS AT THE MEETINGS OF THE BOARD OF DIRECTORS: ROBERT
P. BOZZONE, JAMES S. BROADHURST, JOANNE BURLEY, PH.D., ESTELLE COMAY ESQ., GREGORY
D. CURTIS, MARY LOU MCLAUGHLIN, PETER F. MATHIESON AND AARON WALTON. |
Attach to Form 990 or 990-EZ.