Trust Uart 7 Uwo Mary a Falvey F/B/O Guild of St Elizabeth

“The Trust's Board of Trustees, composed of Michelle Santiago, David Hines, and John Beliveau, also represent the Board of Trustees of two other tax-exempt organizations: Trust U/A 6 U/W/O Mary A. Falvey for Visiting Nurse Assn of Boston (EIN 04-6036229) and Trust U/A 5 U/W/O Mary A. Falvey for American Lung Assn of MA, Inc. (EIN 04-6036228). In addition to their shared services on these Trusts' respective boards, Ms. Santiago, Mr. Hines, and Mr. Beliveau each shared a business relationship with each other during this tax year.”

“The original and copies of the annual Form 990, as prepared by the accounting firm Baker Newman & Noyes, is submitted to the Trustees for their review and approval prior to filing with the IRS. Any comments, questions, or concerns by the Trustees are raised and addressed before the original signed form is filed.”

“The Trustees are subject to the Conflict of Interest policy established by the Trustees. The Trustees resolve that no Trustee shall participate in any discussion or vote on any matter in which he or she or a member of his or her immediate family has potential conflict of interest due to having material economic involvement regarding the matter being discussed. When such a situation presents itself, the Trustee must announce his or her potential conflict, disqualify himself or herself, and be excused from the meeting until the discussion is over on the matter involved. The Trustees are obligated to make inquiry if such conflict appears to exist.”

“When applicable, compensation to the Trustees is based on the advisory fee schedule established by H.M. Payson & Co, the independent entity that provides custody and investment management to the Trust. However, for the year covered by this Form 990, the Trust did not directly compensate any outside trustees; The Trust only paid only H.M. Payson & Co for advisory, fund management, and fiduciary duties during this tax year.”

“The Organization makes its governing documents, conflict of interest policy, and financial statements avaialble to public upon request to the extent required by applicable state and Federal law.”