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FORM 990, PART VI, SECTION A, LINE 1A | THE EXECUTIVE COMMITTEE IS THE OFFICERS AND COMMITTEE CHAIRS ALONG WITH THE UNIVERSITY PRESIDENT AND BOARD OF TRUSTEES' DESIGNEE. THE FOUNDATION BYLAWS GIVE THE EXECUTIVE COMMITTEE AUTHORITY TO ACT FOR THE BOARD OF DIRECTORS BETWEEN MEETINGS, EXCEPT FOR CHANGING THE ARTICLES OF INCORPORATION OR BYLAWS OR APPOINTING DIRECTORS. |
FORM 990, PART VI, SECTION B, LINE 11B | THE COMPLETED FORM 990 IS PREPARED BY AN INDEPENDENT CPA FIRM AND IS REVIEWED BY THE AUDIT COMMITTEE, EXECUTIVE DIRECTOR, AND CFO PRIOR TO FILING WITH THE IRS. |
FORM 990, PART VI, SECTION B, LINE 12C | FOUNDATION BOARD MEMBERS ARE SUBJECT TO A CONFLICT OF INTEREST POLICY, AND ARE REQUIRED TO ANNUALLY REVIEW THE POLICY AND DISCLOSE ANY POTENTIAL CONFLICTS. IF A CONFLICT IS DISCLOSED, THE EXECUTIVE DIRECTOR AND CHAIR OF THE COMMITTEE DISCUSS IT WITH THE DIRECTOR AND DETERMINE HOW IT SHOULD BE HANDLED. BOARD PRACTICE IS THAT A DIRECTOR WITH A CONFLICT WOULD ABSTAIN FROM VOTING OR DISCUSSING THE RELEVANT MATTER. KEY EMPLOYEES ARE SUBJECT TO THE UNIVERSITY'S CONFLICT OF INTEREST POLICY. |
FORM 990, PART VI, SECTION B, LINE 15 | COMPENSATION FOR OFFICERS AND KEY EMPLOYEES IS DETERMINED UNDER THE HUMAN RESOURCE POLICIES OF THE UNIVERSITY. THE FOUNDATION RELIES ON THE UNIVERSITY TO ESTABLISH THE COMPENSATION OF THE EXECUTIVE DIRECTOR AND CFO. |
FORM 990, PART VI, SECTION C, LINE 19 | GOVERNING DOCUMENTS AND FORM 990 ARE ON THE FOUNDATION'S WEBSITE AND ARE AVAILABLE UPON REQUEST. THE CONFLICT OF INTEREST POLICY IS NOT MADE AVAILABLE. |
FORM 990, PART XI, LINE 9: | CHANGE IN GIFT ANNUITY -116,832. |
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