Life Time Foundation

“Only the treasurer, secretary and representative from related party life time, inc. Review the 990 before filing.”

“Prior to board action on a contract or transaction involving a conflict of interest, a director who knows he or she has a conflict of interest and who is in attendance at the meeting shall disclose all facts material to the conflict of interest. Such disclosure shall be reflected in the minutes of the meeting. Each new responsible person shall be required to review a copy of this policy and to acknowledge in writing that he or she has done so. Any such information regarding business interests of a responsible person or a family member shall be treated as confidential and shall generally be made available only to the president, secretary or appropriate committee chair except to the extent additional disclosure is necessary in connection with the implementation of this policy.”

“Life time reviews internal and external comparison data to set compensation rates for our team. Any proposed compensation changes are approved by an executive vice president”

“No documents available to the public”

“Life time foundation programs and activities are guided by the truth that when children are well nourished and take part in safe, fun, enriching physical activity, their minds and bodies have the opportunity to flourish. But for too many of our nation's children, the opposite is true - lack of proper nutrition and activity puts them at risk of chronic physical, cognitive and socio-emotional disease. Life time foundation believes that that truth is unacceptable and works nationwide to help all kids get started on their healthy way of life journey. To do that we collaborate with public k-12 schools, supporting them in serving delicious, nutrition, minimally-processed food in school. Our core programs our collaborative initiatives with those school food leaders - entail: - providing expert guidance related to ingredients in school foods and label analysis. - funding of trainings related to the production of delicious, nutritious, minimally-processed food in schools. - grantmaking related to kitchen and school food system improvement. In addition to our core focus, life time foundation operates life time lifts, a restricted fund that provides emergency assistance to employees of life time, inc. Who experience unexpected financial hardship circumstances that arise outside of their control.”

“While we continued to partner with districts to accelerate the elimination of ingredients of concern from school meals, in 2020 life time foundation, with guidance from our leadership, also supported our partners during the covid-19 crisis, as schools had to pivot to accommodate the unprecedented circumstances. We provided them with funding for essential supplies needed to safely continue to serve students who relied on school food, so their nutritional needs were met. This change is not anticipated to be durable in 2021 and beyond we eagerly look forward to returning all of our focus to our core mission of supporting school food leaders in serving the best food possible in schools. Similarly, in the context of covid-19 the life time lifts employee grant assistance program grew significantly both in terms of restricted contributed revenue and in terms of need and grant applications. As such life time lifts was proportionally a larger component of our work than it has historically been, or than we anticipate it being in the future.”

“Decrease in net assets with donor restrictions -64,571.”