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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 | THE AUDIT COMMITTEE OF AEF REVIEWS THE 990 AND RECOMMENDS APPROVAL TO THE BOARD OF DIRECTORS. THE FULL BOARD THEN REVIEWS AND APPROVES THE FILINGS. |
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. |
FORM 990, PART VI, SECTION B, LINE 15 | REPORTING TO THE BOARD OF DIRECTORS, THE HUMAN RESOURCE AND COMPENSATION 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: AL STRAUSS WAS COMPENSATED BY AMERICAN ENDOWMENT FOUNDATION AS A PART-TIME EMPLOYEE. HE DID NOT RECEIVE COMPENSATION FOR HIS DUTIES AS A DIRECTOR. |
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