Robin Hood Foundation

“BOARD OF DIRECTORS MEMBERS Anne Dinning, JULIUS GAUDIO AND MAX STONE HAVE A BUSINESS RELATIONSHIP. BOARD OF DIRECTORS MEMBERS PAUL TUDOR JONES AND Glenn Dubin HAVE A BUSINESS RELATIONSHIP. BOARD OF DIRECTORS MEMBERS PAUL TUDOR JONES AND DAVID SALTZMAN HAVE A BUSINESS RELATIONSHIP. BOARD OF DIRECTORS MEMBERS DAN OCH AND DAVID SOLOMON HAVE A BUSINESS RELATIONSHIP. BOARD OF DIRECTORS MEMBERS JOHN OVERDECK AND Steve Cohen HAVE A BUSINESS RELATIONSHIP. BOARD OF DIRECTORS MEMBERS JOHN OVERDECK AND PAUL TUDOR JONES HAVE A BUSINESS RELATIONSHIP. BOARD OF DIRECTORS MEMBERS GLENN DUBIN AND John Sykes HAVE A BUSINESS RELATIONSHIP. BOARD OF DIRECTORS MEMBERS GLENN DUBIN AND BOB PITTMAN HAVE A BUSINESS RELATIONSHIP. Board of Directors MEMBER, Jacklyn Bezos and Key Employee, Mark Bezos, have a family relationship. By virtue of Mark Bezos being a compensated employee of Robin Hood, Jacklyn Bezos is the lone Robin Hood Board member who is non-independent (see Part VI). Form 990, Part VI, Section A, Line 4 SINCE THE PRIOR FORM 990 WAS FILED, ROBIN HOOD FOUNDATION HAS AMENDED ITS governing documents in response to certain provisions of the Nonprofit Revitalization Act of 2013, which was signed into law in December 2013. The amendments include the following: (1) Robin Hood has adopted a conflict of interest policy that is not contained within Robin Hood's By-Laws. As a result, the duplicative conflict of interest policy that was previously in Robin Hood's By-Laws has been deleted. (2) Robin Hood has adopted a new Audit Committee charter that defines the requirements for committee composition with reference to the definition of "independence" in the Nonprofit Revitalization Act. of "independence" in the Nonprofit Revitalization Act.”

“Robin Hood's board of directors has delegated to the audit committee the authority to review Robin Hood's Form 990 prior to filing. Pursuant to that authority, after review by Robin Hood's tax and legal advisors, a draft of the Form 990 was sent to the full audit committee for the committee's review and comment. A copy of Robin Hood's Form 990 was provided to each member of the board prior to filing.”

“Robin hood's conflict of interest policy places an affirmative obligation on each officer, director and staff member to disclose any contract or transaction in which he or she has an interest at the time that the contract or transaction is considered by the board or committee authorizing the contract or transaction. The policy also requires each officer, director and staff member to furnish an annual conflict of interest disclosure statement. The disclosure statement includes an affirmation by the individual signing the statement that he or she has read robin hood's conflict of interest policy and agrees to abide by it. The disclosure data is reviewed by robin hood's general counsel, who maintains a list of relationships that could give rise to a conflict of interest. Prior to board or committee meetings where contracts are to be voted on, the general counsel reviews the agenda and identifies any potential or actual conflicts of interest. If a potential or actual conflict of interest is identified, it is disclosed to the board or committee. If the individual with the potential or actual conflict of interest is present at the meeting, he or she may participate in the information-gathering stage of the board's or committee's discussion but must leave the room for the final deliberation and vote.”

“Robin hood's executive committee has the authority to make decisions relating to the compensation of its top management official and key employees. (note: robin hood does not compensate its directors or non-staff officers.) The committee is assisted in this process by an outside compensation consultant, legal counsel and robin hood's audit committee. Compensation decisions are made with reference to comparability data for similarly qualified persons in functionally comparable roles at similarly situated organizations presented by the outside compensation consultant. Robin hood complies with the "rebuttable presumption" procedures for determining that compensation is reasonable under internal revenue code section 4958. Deliberations and decisions regarding compensation arrangements are contemporaneously documented in meeting minutes.”

“ROBIN HOOD'S CERTIFICATE OF INCORPORATION, BY-LAWS and Conflict of Interest Policy ARE MADE AVAILABLE TO THE PUBLIC ON REQUEST. ROBIN HOOD'S AUDITED FINANCIAL STATEMENTS AND FORM 990 ARE POSTED ON ROBIN HOOD'S WEBSITE. A SUMMARY OF ROBIN HOOD'S AUDITED FINANCIAL STATEMENTS (ALSO APPROVED BY ROBIN HOOD'S AUDITORS) IS ALSO POSTED ON ROBIN HOOD'S WEBSITE.”

“Reconciliation of Net Assets Rescinded Grants: $2,424,421 Services provided to unrelated third parties: (135,915) ------------ Total Part XI, Line 9 Changes: $2,288,506 ============”