Annual Reports The Foundation for Excellence is an independent 501(c)3 non-profit support corporation. Its accounting policies conform to U.S. generally accepted accounting principles (GAAP) as applicable to nonprofit entities. Audited financial information is presented in the FFE's Annual Reports. 2022 FFE Annual Report(PDF, 336KB)2021 FFE Annual Report(PDF, 622KB)2020 FFE Annual Report(PDF, 3MB)2019 FFE Annual Report(PDF, 4MB)2018 FFE Annual Report(PDF, 5MB)Audited Financial Statements 2022(PDF, 330KB)Audited Financial Statements 2021(PDF, 554KB)Audited Financial Statements 2020(PDF, 665KB)Audited Financial Statements 2019(PDF, 551KB)Audited Financial Statements 2018(PDF, 589KB)
Articles of Incorporation, Policies, and Bylaws FFE's Bylaws, Policies, and Articles of Incorporation outline its purpose and how it operates. These documents are always available for public review. FFE Articles of Incorporation(PDF, 2MB)FFE Bylaws(PDF, 3MB)FFE Policies and Descriptions(PDF, 505KB)
Budget Documents After the FFE budget is approved by the Board of Directors, it is included in the City of Kalamazoo's annual budget. FFE investments are subject to the same scrutiny as all other public spending and must be approved by the City Commission as part of the City's budget process. 2023 FFE Budget Transmittal Memo(PDF, 224KB)2023 Draft FFE City Budget(PDF, 112KB)2022 FFE Budget Transmittal Memo(PDF, 278KB)2021 FFE Budget Transmittal Memo(PDF, 272KB)2021 FFE Budget Presentation to City Commission, October 5, 2020(PDF, 6MB)2020 FFE Budget Transmittal Memo(PDF, 204KB)
Founding Documents The Foundation for Excellence was officially created in 2017 after nearly a year-long public process, including multiple steps of review and approval by the Kalamazoo City Commission. Documents from this process are available here for review.This includes several draft versions of documents to provide transparency into how this process was conducted. Final and approved versions of documents are available under the appropriate headings on this page. FFE Fact Sheet, July 2016(PDF, 268KB)Future Revenue Options Presentation, Special City Commission Meeting, July 28, 2016(PDF, 616KB)Lake Research Partners FFE Survey, August 2016(PDF, 369KB)City Commission Work Session Presentation, FFE MOU, October 24, 2016(PDF, 1MB)Council of Michigan Foundations Letter, October 14, 2016(PDF, 133KB)FFE Memorandum of Understanding City Commission Agenda Report, October 18, 2016(PDF, 157KB)Proposed MOU, October 25, 2016(PDF, 106KB)City Commission Work Session Presentation, January 23, 2017(PDF, 1MB)Draft Summary of Potential IK2025 Goals, January 2017(PDF, 107KB)Draft FFE Bylaws and Articles of Incorporation, July 24, 2017(PDF, 3MB)City Commission Work Session Presentation, Proposed Bylaws and Articles of Incorporation, July 24, 2017(PDF, 861KB)Revised FFE Articles of Incorporation, August 4, 2017(PDF, 5MB)Revised FFE Bylaws, August 4, 2017(PDF, 8MB)Proposed FFE Bylaws, August 17, 2017(PDF, 387KB)Resoultion Authorizing the Creation of FFE, August 21, 2017(PDF, 63KB)Draft FFE Articles of Incorporation, August 17, 2017(PDF, 207KB)FFE Statement of Donor Intent, August 23, 2017(PDF, 520KB)Memo-Processes-for-Appointing-City-Commissioners-to-Boards-Commissions-Committees-September-26-2017.pdf(PDF, 84KB)City-Commission-Agenda-Report-Recommendation-for-Selection-Process-for-Commission-Directors-to-Foundation-for-Excellence-Board-of-Directors-November-30-2017.pdf(PDF, 26KB)
Investment Subcommittee Agendas & Minutes Minutes and Agendas for the FFE Investment Subcommittee are available below. Minutes and agendas for the FFE Board of Directors, Executive Committee, and Finance Committee are available through the Civic Clerk platform: https://kalamazoomi.civicclerk.com/web/home.aspx. November 30, 2022 Investment Subcommittee Meeting Agenda(PDF, 156KB)August 24, 2022 Investment Subcommittee Meeting Minutes(PDF, 1MB)August 24, 2022 Investment Subcommittee Meeting Agenda(PDF, 155KB)May 25, 2022 Investment Subcommittee Meeting Minutes(PDF, 2MB)February 23, 2022 Investment Subcommittee Meeting Minutes(PDF, 316KB)December 1, 2021 Investment Subcommittee Meeting Minutes(PDF, 1MB)December 1, 2021, Investment Subcommittee Meeting Agenda(PDF, 140KB)August 25, 2021, Investment Subcommittee Meeting Minutes(PDF, 2MB)August 25, 2021, Investment Subcommittee Meeting Agenda(PDF, 139KB)May 26, 2021, Investment Subcommittee Meeting Minutes(PDF, 1MB)
Newsletters The Foundation for Excellence publishes an annual newsletter every year to share stories about impact and investments during the year. Newsletters are mailed to all households in the city and available to view online. 2021 Newsletter(PDF, 14MB)2020 Newsletter(PDF, 3MB)