| EXPLANATION FOR FORM 990, PAGE 2, PART III, LINE 4d |
|
TO PROVIDE GENERAL SUPPORT FOR THE VARIOUS CHARITIES. |
| DESCRIPTION OF REASONABLE EFFORTS UNDERTAKEN |
FORM 990, PAGE 6, PART VI, LINE 2 |
ROBIN C HAYES AND WILLIAM C CANNON JR ARE COUSINS |
| FORM 990, PAGE 6, PART VI, LINE 11-DESCRIPTION OF PROCESS FOR REVIEW |
|
WELLS FARGO AS CO-TRUSTEE IS RESPONSIBLE FOR THE PREPARATION OF FORM 990 BASED ON THE FINANCIAL DATA CONTAINED IN OUR RECORDS. UPON COMPLETION, A COPY OF FORM 990 IS FORWARDED TO LEGAL REPRESENTATIVES OF THE GOVERNING BODY AND THE CO-TRUSTEES FOR REVIEW AND APPROVAL. ONCE APPROVED BY THOSE PARTIES, FORM 990 IS THEN FILED WITH THE FEDERAL TAXING AUTHORITY BY THE REGULATORY DEADLINE. |
| EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 12c |
|
THE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY BY ALL MEMBERS OF THE GOVERNING BODY. |
| DESCRIPTION OF PROCESS FOR DETERMINING COMPENSATION |
FORM 990, PAGE 6, PART VI, LINE 15b |
THE FEE AND COMPENSATION ARRANGEMENT FOR THE CANNON TRUST 1 IS DETERMINED BY THE TRUSTEES. VARIOUS BASIS POINTS ARE USED TO ARRIVE AT THE COMPENSATION OF THE CORPORATE TRUSTEE AS WELL TWO MEMBERS THE BOARD OF TRUSTEES WHO RECEIVE COMPENSATION.. |
| DESCRIPTION FOR MAKING DOCUMENTS PUBLIC |
FORM 990, PAGE 6, PART VI, LINE 19 |
THE ORGANIZATION MAKES ITS GOVERNING DOCUMENT,FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE UPON REQUEST. THE AVAILABILITY OF THIS INFORMATION IS COMMUNICATED TO GRANTEES BY A LETTER EACH YEAR AND AN ADVERTISEMENT IS PLACED ANNUALLY IN A LOCAL NEWSPAPER. |
| EXPLANATION FOR FORM 990, PART XI, LINE 9 |
|
Mutual Fund Tax Effective Date Before TYE $25.84, Mutual Fund Posting Date After TYE $ -80.94 Roc Basis Adjustment -$664,039.20 , Accrued Interest Paid Differ TY Effectuve Current TY-4,668.61, Sales with loss posting next ty efffective-$2,701.82, Rounding$-24.91 |
Attach to Form 990 or 990-EZ.