N Y Police and Fire Widows & Childrens Benefit Fund Inc.

“EACH BOARD MEMBER OF THE ORGANIZATION IS REQUIRED TO ANNUALLY DISCLOSE ANY CONFLICT OF INTEREST THAT ARISES BY VIRTUE OF THEIR BOARD SERVICE. THE FUND MONITORS COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY THROUGH AN ANNUAL QUESTIONNAIRE/DISCLOSURE STATEMENT THAT IS DISTRIBUTED TO THOSE INDIVIDUALS. POTENTIAL CONFLICTS ARE INVESTIGATED IMMEDIATELY. The organization's conflict of interest policy places an affirmative obligation on each Director, Officer and Employee to disclose any conflict of interest, potential conflict of interest or appearance of a conflict of interest to the Chairman or President in advance of entering into, or consummating, the transaction giving rise to such conflict of interest, potential conflict of interest, or appearance of a conflict of interest. If the individual involved in the conflict of interest, potential conflict of interest or appearance of a conflict of interest is present at the meeting at which such conflict is discussed, he or she may participate in the fact-gathering portion of the meeting but may not participate during the deliberations or vote and is excused from the meeting during such deliberations and vote.”

“THE DIRECTOR OF DEVELOPMENT is THE ONLY PAID EMPLOYEE. Her compensation is reviewed annually by the chairman, president, treasurer, and/or secretary, and members of the executive committee of the fund. THE FUND REVIEWS MARKET DATA FOR SIMILAR POSITIONS IN SIMILARLY SITUATED ORGANIZATIONS AND WRITTEN DOCUMENTATION OF THE DECISION MAKING PROCESS IS KEPT ON FILE.”

“The organization's financial statements are posted on www.guidestar.org, on the organization's website, and are available from the organization upon request. All organizational documents, including the conflict of interest policy and governing documents are available from the organization upon request.”

“THE PURPOSE OF THE FUND IS TO PROVIDE FINANCIAL ASSISTANCE TO THE FAMILIES OF NEW YORK CITY POLICE OFFICERS AND FIREFIGHTERS WHO HAVE BEEN KILLED IN THE LINE OF DUTY. AFTER THE EVENTS OF SEPTEMBER 11, 2001, THE FUND ALSO BEGAN TO PROVIDE FINANCIAL ASSISTANCE TO FAMILIES OF PORT AUTHORITY OF NEW YORK AND NEW JERSEY POLICE OFFICERS AND NEW YORK CITY EMERGENCY MEDICAL SERVICE PERSONNEL KILLED IN THE LINE OF DUTY. FORM 990, PART VI, SECTION B, LINE 11 THE ORGANIZATION'S FORM 990 WAS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM IN CONJUNCTION WITH THE FUND'S TREASURER. A COPY OF THE DRAFT FORM 990 WAS MADE AVAILABLE TO THE BOARD OF DIRECTORS and provided to the audit committee. EACH BOARD MEMBER WAS PROVIDED AMPLE OPPORTUNITY TO REVIEW AND COMMENT ON THE INFORMATION CONTAINED IN THE FEDERAL FORM 990 PRIOR TO ITS FILING WITH THE INTERNAL REVENUE SERVICE.”

“THE FOLLOWING SERVICES WERE PROVIDED BY NGK GLOBAL, LLC: UNDERWRITERS, BOARD DEVELOPMENT,DONOR DEVELOPMENT, EVENTS, ANNUAL PROGRAM STRATEGY, PRESS and CAPITAL CAMPAIGN.”