Colleges and Universities of the Anglican Communion

“The corporation has two classes of members, institutional members and individual members, and the associates. Each institutional member shall be a college or university associated by history and tradition with the Anglican Communion. The associates shall be individuals who support the purpose of the corporation and who are elected as associates by the board of trustees.”

“Institutional members elect voting trustees during annual meeting of members. Voting trustees shall be elected by a plurality of votes cast by the institutional members. Voting trustees must be affiliated with an institutional member of the corporation.”

“The Bylaws of the organization may be adopted or repelled in whole or in part by the affirmative vote of two-thirds of the institutional members of the organization. Any Trustee may be removed with or without cause at any time by action of the institutional members of the corporation.”

“A draft of the Form 990 prepared by the CPA's is sent to the General Secretary for review. Each Board Member is provided an electronic copy of the Form 990 for review. Once all comments and/or questions are addressed, the Form 990 is signed by the General Secretary and filed with the IRS.”

“Trustees are required to complete and sign the general conflict of interest disclosure statement at the beginning of each term of service on the board and annually thereafter. If any matter comes before the board in such a way as to give rise to conflict of interest, the affected directors shall make known the potential conflict and after answering any questions posed by other trustees to such matter. The organization discloses the transaction and the voting details in its minutes. This includes the names of the persons present for discussion and voting, the content of the discussion, including any alternatives to the discussion and a of any votes taken. The organization also documents the process it undertook to verify that the transaction is fair. Staff members should disclose in writing all instances of actual or potential conflict of interest and through the General secretary, make them known to the board. Staff members should not take part in deliberations or decisions in which perceived personal benefit could occur.”

“Salaries are reviewed after annual performance evaluations by the Board. The Board sets the compensation of the General Secretary's and approves that of the Administrator.”

“The organization makes its Form 990 available for public inspection as required under section 6104 in the Internal Revenue Code. The return is posed on Guidestar.org and other similar types of websites. In addition, the financial statements, conflict of interest policy, Form 990, Form 1023, and By-laws are also available upon written request or by calling the organization directly.”

“Change in beneficial interest in perpetual trust of a permanently restricted asset.”