Berkeley Divinity School

“The "authority and responsibility" for the budget rests with yale university, which submits the final budget to the berkeley divinity school board in its fiduciary role for acceptance "as an appropriate use of the endowments and gifts of berkeley divinity school".”

“Before the return is filed the dean, director of finance & administration, and the chair of the audit and finance committees review the return and approve for submission. Copies, excluding schedule b, are then shared with the board.”

“The berkeley divinity school conflict of interest policy obligates each officer, trustee, and key employee to promptly disclose any actual or potential conflict of interest as defined in the policy. Each such person must sign a statement annually affirming that he or she has received a copy of the conflict of interest policy, has read and understands the policy, agrees to comply with the policy, and understands that the corporation is charitable and in order to maintain its exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes. In connection with any actual or possible conflict of interest, an interested person must disclose the existence of his or her financial interest and be given the opportunity to disclose all material facts to the director and members of the committee with governing board delegated powers considering the proposed transaction or arrangement. After disclosure of a potential conflict of interest, the interested person is excused from the governing board or committee meeting while the determination of a conflict of interest is made, and is recused from participating in any vote on the matter.”

“Berkeley divinity school, by its affiliation agreement with yale university, is subject to all of the policies and procedures at the university, including human resource compensation and hiring guidelines. These formal policies extend to all employees, regardless of position.”

“Documents are available upon request.”

“The process has not changed from the prior year.”

“An affiliation agreement was signed between yale university and berkeley divinity school. Under the affiliation agreement, berkeley agrees to remit to yale all of its gross income from whatever source derived including its income from endowment and other funds (including restricted endowment funds) and gifts for current use. All such amounts shall be remitted to yale as received. All receipts and all disbursements of berkeley shall be processed by yale with copies to berkeley. The financial and operating objective is to provide a comparatively stable and gradually increasing stream of payments by berkeley to yale. Yale shall hold such surplus, if any, in reserve against future budgetary needs of berkeley. As a result of this agreement, all w-2's and 1099's are reported by yale university.”