NBA Players Legacy Fund Inc.

Description of Classes of Members or Stockholders

“FORM 990, PART VI, LINE 6 THE MEMBERS OF THE NBA PLAYERS LEGACY FUND INC. 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 PLAYERS LEGACY FUND INC., 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, PART VI, LINE 11B THE FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM. THE FORM 990 IS THEN REVIEWED BY THE TAX DEPARTMENT OF THE NATIONAL BASKETBALL ASSOCIATION IN CONJUNCTION WITH THE TREASURER OF THE NBA PLAYERS LEGACY FUND. MONITORING AND ENFORCEMENT OF COMPLIANCE WITH CONFLICT OF INTEREST POLICY FORM 990, PART VI, LINE 12C ON AN ANNUAL BASIS, EVERY PERSON WHO CURRENTLY IS A DIRECTOR, OFFICER, MEMBER OF SENIOR MANAGEMENT, OR WHO OTHERWISE HAS THE ABILITY TO EXERCISE SUBSTANTIAL INFLUENCE OVER THE ORGANIZATION, IS REQUIRED TO COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE DISCLOSING ANY ACTUAL, POTENTIAL OR APPARENT CONFLICTS, AND AFFIRMING THAT THEY HAVE READ, UNDERSTAND, AND HAVE AND WILL CONTINUE TO ADHERE TO THE CONFLICT OF INTEREST POLICY. IF THE BOARD OR ANY COMMITTEE OF THE BOARD HAS REASONABLE CAUSE TO BELIEVE THAT A COVERED PERSON HAS FAILED TO COMPLY WITH THE CONFLICT OF INTEREST POLICY, THE BOARD RESERVES THE RIGHT TO FURTHER INVESTIGATION AS MAY BE WARRANTED IN THE CIRCUMSTANCES. 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 ORGANIZATIONS FOR COMPARABLE COMPENSATION DETAILS. THE INFORMATION WAS ANALYZED AND DISCUSSED DURING THE INTERVIEW PROCESS. COMPENSATION FOR THE EXECUTIVE DIRECTOR OF THE NBA PLAYERS LEGACY FUND INC. WAS DETERMINED BASED ON FEEDBACK, DATA COLLECTED FROM OTHER ORGANIZATIONS, 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. FORM 990, PART XI, LINE 9 Reduction in grants payable as of 5/31/23, as three grantees failed to fulfill requirements necessary to receive funding: $17,500”