TY 2020 Form 990 Schedule O

efile Public Visual Render ObjectId: 202133159349308163 - Submission: 2021-11-11 TIN: 34-1747398

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
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Attach to Form 990 or 990-EZ.
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Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2020

Open to Public
Inspection

Name of the organization

AMERICAN ENDOWMENT FOUNDATION

Employer identification number

34-1747398

Return Reference	Explanation
FORM 990, PART VI, SECTION A, LINE 2	THE FOLLOWING DIRECTORS / OFFICERS HAVE FAMILY RELATIONSHIPS: THOMAS J. TOBIN AND GAIL B. TOBIN
FORM 990, PART VI, SECTION B, LINE 11B	AEF PROVIDES AN ELECTRONIC COPY OF FORMS 990 AND 990-T TO THE BOARD FOR REVIEW AND APPROVAL PRIOR TO FILING OF THE FORMS.
FORM 990, PART VI, SECTION B, LINE 12C	THE BOARD MEMBERS OF AMERICAN ENDOWMENT FOUNDATION ARE GIVEN THE CONFLICT OF INTEREST POLICY ALONG WITH AN ACKNOWLEDGEMENT FORM. THEY ARE REQUIRED TO DISCLOSE IN WRITING ANY CONFLICTS AND SIGN THE ACKNOWLEDGEMENT FORM. THIS IS DONE ANNUALLY DURING THE FIRST BOARD MEETING OF THE CALENDAR YEAR. ANY CONFLICTS ARE VERBALLY DISCLOSED AND DISCUSSED BEFORE A VOTE. DURING THE YEAR, BOARD MEMBERS MUST VOTE ON GRANTS MADE BY AMERICAN ENDOWMENT FOUNDATION AND ARE ASKED IF THERE ARE ANY CONFLICTS BEFORE VOTING. ANY PERSON WITH A CONFLICT WOULD THEN ABSTAIN FROM VOTING.
FORM 990, PART VI, SECTION B, LINE 15	REPORTING TO THE BOARD OF DIRECTORS, THE ADMINISTRATIVE AND HUMAN RESOURCES COMMITTEE IS RESPONSIBLE FOR THE COMPENSATION POLICY AND FOR IMPLEMENTING A UNIFORM, SYSTEMATIC APPROACH TO ESTABLISHING A FAIR AND REASONABLE COMPENSATION STRUCTURE THROUGHOUT AEF THAT IS COMPLIANT WITH INTERMEDIATE SANCTIONS REGULATIONS AND "SAFE HARBOR" PROVISIONS OF THE IRS. AEF ALSO ENGAGED WITH A PROFESSIONAL COMPENSATION CONSULTING GROUP TO EVALUATE ALL AEF EMPLOYEES' COMPENSATION.
FORM 990, PART VI, SECTION C, LINE 19	AVAILABILITY OF DOCUMENTS: AMERICAN ENDOWMENT FOUNDATION MAKES THEIR GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, AND FORM 990 AVAILABLE UPON REQUEST.
FORM 990, PART VII, SECTION A:	ADDITIONAL INFORMATION ABOUT COMPENSATION: CARL ZIPFEL AND AL STRAUSS WERE COMPENSATED BY AMERICAN ENDOWMENT FOUNDATION AS PART-TIME EMPLOYEES. THEY DID NOT RECEIVE COMPENSATION FOR THEIR DUTIES AS DIRECTORS.

Return Reference

Explanation

FORM 990, PART VI, SECTION A, LINE 2

THE FOLLOWING DIRECTORS / OFFICERS HAVE FAMILY RELATIONSHIPS: THOMAS J. TOBIN AND GAIL B. TOBIN

FORM 990, PART VI, SECTION B, LINE 11B

AEF PROVIDES AN ELECTRONIC COPY OF FORMS 990 AND 990-T TO THE BOARD FOR REVIEW AND APPROVAL PRIOR TO FILING OF THE FORMS.

FORM 990, PART VI, SECTION B, LINE 12C

THE BOARD MEMBERS OF AMERICAN ENDOWMENT FOUNDATION ARE GIVEN THE CONFLICT OF INTEREST POLICY ALONG WITH AN ACKNOWLEDGEMENT FORM. THEY ARE REQUIRED TO DISCLOSE IN WRITING ANY CONFLICTS AND SIGN THE ACKNOWLEDGEMENT FORM. THIS IS DONE ANNUALLY DURING THE FIRST BOARD MEETING OF THE CALENDAR YEAR. ANY CONFLICTS ARE VERBALLY DISCLOSED AND DISCUSSED BEFORE A VOTE. DURING THE YEAR, BOARD MEMBERS MUST VOTE ON GRANTS MADE BY AMERICAN ENDOWMENT FOUNDATION AND ARE ASKED IF THERE ARE ANY CONFLICTS BEFORE VOTING. ANY PERSON WITH A CONFLICT WOULD THEN ABSTAIN FROM VOTING.

FORM 990, PART VI, SECTION B, LINE 15

REPORTING TO THE BOARD OF DIRECTORS, THE ADMINISTRATIVE AND HUMAN RESOURCES COMMITTEE IS RESPONSIBLE FOR THE COMPENSATION POLICY AND FOR IMPLEMENTING A UNIFORM, SYSTEMATIC APPROACH TO ESTABLISHING A FAIR AND REASONABLE COMPENSATION STRUCTURE THROUGHOUT AEF THAT IS COMPLIANT WITH INTERMEDIATE SANCTIONS REGULATIONS AND "SAFE HARBOR" PROVISIONS OF THE IRS. AEF ALSO ENGAGED WITH A PROFESSIONAL COMPENSATION CONSULTING GROUP TO EVALUATE ALL AEF EMPLOYEES' COMPENSATION.

FORM 990, PART VI, SECTION C, LINE 19

AVAILABILITY OF DOCUMENTS: AMERICAN ENDOWMENT FOUNDATION MAKES THEIR GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, AND FORM 990 AVAILABLE UPON REQUEST.

FORM 990, PART VII, SECTION A:

ADDITIONAL INFORMATION ABOUT COMPENSATION: CARL ZIPFEL AND AL STRAUSS WERE COMPENSATED BY AMERICAN ENDOWMENT FOUNDATION AS PART-TIME EMPLOYEES. THEY DID NOT RECEIVE COMPENSATION FOR THEIR DUTIES AS DIRECTORS.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2020

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