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How are donors assured that funds will be spent wisely?

April 26, 2017assured donors funds spent wisely

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How are donors assured that funds will be spent wisely?

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The Foundation employs the services of a CPA who makes sure that the Foundation complies with the stringent IRS requirements regarding the use of funds to keep our tax-free status. The president of the Foundation has an MBA and is a Certified Corporate Cash Manager. He was a contributing editor for the Journal of Cash Management and has managed millions of dollars for national corporations. He is a successful entrepreneur and real estate developer. The Foundation accounting records are open for inspection and are audited by an independent auditor. A substantial portion of the Health & Genetics funds have been deposited with the Canine Health Foundation of the AKC for safekeeping. The Foundation has no members, only a Board of Directors who are not compensated. All funds are utilized to carry out the mission of the Foundation. All expenditures are reviewed by the Board.