Environmental Defense Fund Incorporated

“Form 990 was prepared by a national accounting firm in conjunction with information provided by edf's finance department and members of senior management. Edf has provided a complete form 990 to its audit chair before filing the form.”

“It is the responsibility of all directors and employees of edf to familiarize themselves with the conflicts of interest policy and to ensure compliance of related parties with it. In addition to the disclosures required by this policy, each director and key employee was provided with a statement to complete and return indicating that they have read, understand and are in compliance with this policy. Directors who knowingly or unknowingly violate the policy are subject to censure or removal at the discretion of the board of directors. Employees who knowingly or unknowingly violate the policy will be subject to disciplinary action, including possible dismissal. All new board members are required to make conflict of interest disclosures.”

“Compensation of the president of edf is determined by the compensation committee which evaluates the compensation of the president of edf who is the highest-ranking employee. The compensation committee of the board of trustees is composed of five members who meet annually to assess the president's performance and compensation. The compensation committee uses the services of an independent compensation consultant to provide demographic and comparative salary information of edf's peer-group, with focus on the president/ceo. The compensation consultant provides information from surveys, public disclosures of other charities and proprietary sources. The committee reviews the information, discusses the findings amongst themselves and not in the presence of the president. The committee has a portion of its meeting where it does discuss compensation and performance with the president, but the decision-making segments of the meeting are held in executive session. The compensation committee is aware of the compensation amounts for other key employees and senior management team members but the decisions governing their compensation are the purview of the president.”

“EDF makes its governing documents, conflict of interest policy and financial statements available as required by law.”

“Rental income is in connection with edf's sublease of a premise to a subtenant. Edf provides no substantial personal services to the lessee and no more than 50% of the rent is for the use of personal property and the property is not debt-financed income or leased to a controlled entity. As a result, the rental income is excluded from unrelated business income under internal revenue code section 512(b)(3).”

“To the most serious environmental problems. We work to stabilize the climate, strengthen the ability of people and nature to thrive and support people's health.”

“Foreign exchange gains (losses)............$(10,877.)”