Jewish National Fund -Keren Kayemeth Leisrael- Inc

“The members of the organization are the directors of JNF-USA, a 501(c)(3) related organization. FORM 990 PART VI, SECTION A, LINE 7A: The members of the Corporation have the right to elect the directors of the corporation and amend the organization's by-laws.”

“The form 990 was prepared by a nationally renowned accounting firm in conjunction with the organization's financial department. Before filing, the form 990 is reviewed by management and distributed to the board of directors for review and comment. If any issues should arise, it is discussed with the cfo. If there are changes, it is recirculated to the board of directors for approval.”

“The jewish national fund's ("jnf") conflict of interest policy exists to protect jnf and assist the staff, volunteers, and members of its governing entities in making ethical decisions that benefit jnf as a whole, not just a particular individual or parties associated with jnf. This policy is intended to supplement, but not replace any applicable state laws that govern conflicts of interest. As a publicly funded organization, the ethical conduct must be of the highest standards. Not only should actual conflict of interest be avoided but also the appearance of, perception of, or potential for a conflict of interest as a person associated with jnf, there is duty to disclose, on an annual basis or when a situation arises, other obligations that might prevent one from acting in the best interest of jnf and then remove oneself from discussions, actions, votes or other activities in relation to the conflict should an issue arise that could be potential conflict of interest, there is a duty to jnf to notify a superior, or a governing entity chair, of the situation. The appropriate parties would investigate and make a determination depending upon their determination, the party may be asked to remove his/herself from participation in discussions or votes related to the conflict or potential conflict. The potential conflict of interest will be investigated by the appropriate parties if it relates to a member of the governing entity, or the senior staff, then it will be turned over to the administration committee that is not involved in the conflict if it involves a member of the staff or a volunteer, a committee and other appropriate senior staff will make the determination. Once the committee has made its determination and presents alternatives, the parties involved may be asked to- abstain from voting on the action - remove yourselves from any discussion relating to the conflict - refrain from discussing the issue with other coworkers, volunteers or governing entity so as not to influence their actions - consider other actions, depending on the situation conflict of interest statements are completed yearly by all personnel and are review by management to monitor possible conflicts.”

“Jnf has adopted procedures to ensure that the compensation it pays to its top executive (russell robinson) and the rest of its management team and staff is commensurate with the industry in which it serves. The ceo's compensation is determined by jnf's compensation committee after reviewing various performance based metrics and the compensation of similarly situated executives at peer institutions. Jnf last conducted a compensation study for mr. Robinson in 2017 and utilized those recommendations to determine his compensation. All compensation decisions are memorialized in the compensation committee meeting minutes. For all other individuals reported on the form 990, compensation is determined by the ceo. Jnf's budget & finance committee determines the annual salary budget which must then be approved by the full board of directors. The ceo utilizes the annual budget compensation pool to determine salary increases for all jnf employees (inclusive of the executives).”

“Upon request, the organization will make available only those documents required to be disclosed under the public inspection laws.”

“Amounts unavailable for general expenditures within one year, due to: Restricted by donors with purpose restrictions $18,341,531 Restricted by donors with time restrictions 46,059,184 Restricted by donors in perpetuity 11,054,614 ----------------------------------------------------------------------- Tot Amts Unavailable for General Expenditures W/in 1 Year $75,455,329 Amounts unavailable to management without Board's approval: Board Designated for Boruchin Israel Advocacy Center 126,632,232 Board Designated for JNF Initiatives Fund 64,405,815 Board Designated for Buildings Fund 3,332,913 ----------------------------------------------------------------------- Tot Amts Unavailable to Management W/out Board's Approval $194,370,960 ----------------------------------------------------------------------- Total FIN. ASSETS AVAILABLE TO MGMT. FOR GENERAL EXPENDITURE $73,424,253 --------------------------------------------------------------------- NET ASSETS $414,142,717 Liquidity Management The Organization maintains a policy of structuring its financial assets to be available as its general expenditures, liabilities, and other obligations come due. Additionally, the Organization has Board Designated net assets without donor restrictions that, while the Organization does not intend to spend these for purposes other than those identified, the amounts could be made available for current operations, if necessary.”

“Change in value of split interest agreements .....$2,321,810”