The Board of Directors develops a variety of policies related to the governance of the Foundation. These policies include the following:
- Compensation for Irvine's three staff officers — the President, the Treasurer and the Corporate Secretary — is set by the Board of Directors. The board relies on annual benchmarks of salary and benefits for comparable positions nationwide. Comparative data include salary and benefits information published annually by the Council on Foundations and the Foundation Financial Officers Group, and regional information such as the annual survey commissioned by the Foundation Administrators of California. The total compensation of staff officers includes deferred compensation and benefits, consistent with the policies that govern all Irvine employees. Annual compensation information for the staff officers is reported in our federal tax returns,
- Our Conflict of Interest Policy is designed to ensure that our employees and directors act on behalf of Irvine without regard to their personal affiliations or self-interest.
- Our Financial Responsibility Policy is designed to provide an open and anonymous channel for employees to contact senior management and the Board of Directors to report questionable financial procedures or transactions within the Foundation.
- Our Policy on Political Activities is designed to ensure the Foundation’s compliance with federal tax laws that prohibit private foundations from taking positions on legislation and engaging in other political activities.
We welcome your
on our governance policies or on other aspects of our operations.