Sir Harold Acton Charitable Trust

“Nyu has the power to appoint one of the trustees of the trust.”

“1. The form 990 is prepared by nyu's tax department and is reviewed and approved by the nyu controller and nyu office of general counsel. 2. The form 990 is then distributed to the trustees for review. 3. Subsequent to the trustees' review, the return is filed with the irs.”

“The nyu office of general counsel annually sends out conflict of interest questionnaires to the trustees of the trust (there are no officers or key employees), reviews completed questionnaires, and consults with those completing forms as appropriate. In addition, questions arise periodically throughout the year and are addressed by the nyu office of compliance and risk management and the nyu office of general counsel in the first instance.”

“The trust has no officers or employees. One of the trustees of the trust is an employee of nyu; to the extent this trustee is also an officer or top management official of nyu, the trustee's compensation for his service to nyu was approved by nyu's compensation committee, an independent committee of the nyu board of trustees, which utilized comparability data and contemporaneously documented its determinations.”

“The governing documents are available to the public upon request. Conflict of interest policy and consolidated financial statements are available on nyu's website (www.nyu.edu).”

“The audit and compliance committee of the nyu board of trustees has responsibility for oversight of nyu's financial statement audit and selection of its independent auditor.”