Chautauqua Foundation Inc.

“Members of the chautauqua foundation, inc. Include the officers, directors and former directors of the foundation, the officers, trustees and former trustees of chautauqua institution and donors whose gifts to the foundation subsequent to june 30, 2002 exceed $1,000, if they have not declined eligibility by a written statement and been elected by the directors; or anyone who was a member of the corporation on june 30, 2001. Membership terminates upon death, resignation, or action by the board of directors, or if any member fails to attend in person or by proxy three successive meetings of the membership or has failed to contribute to the foundation for three successive years.”

“Members of the foundation vote on minutes of the membership meetings, election of directors of the foundation and amendments to the certificate of incorporation.”

“The 990 was provided to the audit committee for review in advance of the audit committee meeting where it was approved. The audit committee then reports on the approval to the full board of directors. The approved form 990 is provided to the board of directors prior to filing.”

“Prior to initial election, all directors complete and sign the conflict disclosure questionnaire to identify potential conflicts of interest. Annually thereafter, directors are required to read the conflict of interest policy and confirm whether or not there have been any changes to their conflict disclosure questionnaire. The audit committee makes the final determination on potential conflicts and enforces the policy.”

“Executive director compensation is determined by the board of directors. Corporate secretary compensation is approved by the personnel committee.”

“Our form 990 and annual report, which includes our financial statements, are available on our website www.chq.org/giving/foundation, all other information is available upon request.”

“As of january 1, 2020, chautauqua foundation is no longer responsible for the delivery of all philanthropic resources to chautauqua institution and does not receive or distribute chautauqua fund contributions. Chautauqua foundation remains responsible for the management and stewardship of endowment assets to support chautauqua institution and continues to make distributions from the endowment in accordance with donor intentions and the spending policy of chautauqua foundation.”

“The foundation does not file a w-3. All employees are under the ein of the chautauqua institution. The foundation had 3 employees included in the w-3 of the institution for the year ended december 31, 2020. The foundation reimburses the institution for all payroll related costs.”

“Unrelated business income passed through limited partnerships 3,975.”

“The process has not changed from the prior year.”