NBA Players Legacy Fund Inc.

Description of Classes of Members or Stockholders

“Form 990, part vi, line 6 the members of the nba legends foundation are the national basketball association and the national basketball players association. Descriptions of classes of persons and the nature of their rights form 990, part vi, line 7a as members of the nba legends foundation, the national basketball association and the national basketball players association have the authority to elect members of the governing body. Committee with authority to act on behalf of governing body form 990, part vi, question 8b the organization does not have a committee with authority to act on behalf of the governing body. Process used to review form 990 form 990, part vi, line 11b the form 990 is prepared by an outside accounting firm. The form 990 is then reviewed by the vice president of tax of the national basketball association and is made available to the board for review prior to filing. Compensation determination process form 990, part vi, section b, line 15a to determine compensation for the executive director, the national basketball association and the national basketball players association contacted a number of other similar foundations for comparable compensation details. The information was analyzed and discussed during the interview process. Compensation for the executive director of the nba legends foundation was determined based on feedback, data collected from other foundations, the individuals part-time role, and relevant work experience. Avail of gov docs, conflict of interest policy and fin stmts to public form 990, part vi, line 19 the organization provides copies of its form 990 upon request.”