Donor Confidence
It is the goal of the Board of Directors of the PMP Research Foundation that donors have the highest level of confidence when making contributions to the Foundation.
It is our intention to provide you with that confidence by sharing the following information. If you have any questions or concerns, please don't hesitate to email any of our Board Members.
In addition to complying with all IRS filing requirements, the PMP Research Foundation operates under the following accounting and operational control procedures to manage the Foundation's assets:
Segregation of Duties: One individual processes donations, adds donor information to our database, and sends out an acknowledgement of the donation to the donor for tax purposes. A separate individual makes the bank deposits. The bank statements and donor database are made available to the Foundation’s Finance Committee for review, including a CPA who is responsible for ensuring all donations are itemized and all funds are accounted for. The CPA will also file the Foundation's IRS 990 tax return to ensure all financial activities are in compliance with federal requirements.
Conflict of Interest Policy: The Board of Directors has adopted an IRS recommended, but not required, Conflict of Interest Policy wherein they agree that they will neither benefit individually nor from a business perspective when conducting Foundation business.
Compliance with FASB Accounting Rules: The Foundation utilizes an industry standard accounting software for small organizations. All records are reviewed regularly by our CPA.
Safe, Secure Payment Processor: The Foundation selected a webhost that processes all online donations through Paypal, the most trusted, largest and most cost-effective processor of online payments in the U.S. No financial information is processed or retained on our website.
Investment Policy: Our Board of Directors has adopted an Investment Policy recommended by our Finance Committee that provides for prudent investment of the Foundation’s assets.
