Financial Responsibility Policy

The Weingart Foundation (the Foundation) is committed to complete financial reporting and strong financial stewardship. To that end, the Foundation has an integrated system of internal controls, which includes a series of checks and balances designed to maintain an accurate and transparent accounting of our operational activities. Additionally, the Foundation is committed to full compliance with all state and federal statutes, rules and regulations by all employees and members of the Board of Directors.

Reporting Procedure. The Foundation encourages its constituents – including employees, grantees, grantseekers, or others affiliated with the Foundation – to report concerns about the Foundation’s financial operations to the Chair of the Audit Committee (213-688-6310). These concerns could include allegations of fraud or a violation of state or federal statutes by any Foundation employee. Individuals making such reports may request anonymity. The Chair of the Audit Committee will investigate and provide a written response to the individual who has raised these concerns within 30 working days of having received the written complaint.

The State of California Attorney General’s Office also provides a Whistleblower Hotline (800) 952-5225 to report suspected illegal activities or when an employer is in violation of state or federal statutes, rules or regulations. The Attorney General will refer your call to the appropriate governmental authority for investigation and possible prosecution.

No retaliation. The Foundation strongly disapproves of and will not tolerate any form of retaliation against any employee or other constituent who reports concerns in good faith regarding the Foundation’s operations. An employee or other constituent who has made a report of suspicious conduct and who subsequently believes he or she has been subjected to retaliation should immediately report it to the Chair of the Audit Committee.

Posting of this policy. This policy is to be posted in the Foundation’s offices, on the Foundation’s website and will be communicated regularly to the entire staff.