Staenberg Family Foundation

“Michael h. Staenberg carol f. Staenberg president director family relationship”

“The foundation's directors consist of three federation directors that are appointed by the jewish federation of st. Louis. The remaining two staenberg directors are michael h. Staenberg and carol staenberg. Federation directors may be removed from the board of directors at any time by action of the board of directors of the jewish federation of st. Louis.”

“Prior to filing, the form 990 is presented to the staenberg family foundation board at a board meeting by the controller of the supported organization for review and approval.”

“Each director, principal officer and member of a committe with governing board delegated powers signs a statement annually that confirms receipt and acknowledgement of the conflict of interest policy which includes a duty to disclose. In connection with any potential conflict of interest, the interested person must disclose the existence of the interest including all material facts to the board or committee considering the proposed transaction or arrangement. After disclosure, the conflicted individual will be recused from the discussion to determine if a conflict exists and the vote on the transaction or arrangement. The minutes of the board or committee meeting reflect proceedings related to conflicts of interest.”

“The organization makes its governing documents and financial statements available upon request.”

“To be organized, and at all times hereafter, to be operated exclusively for the benefit of and to be operated, supervised and controlled by the jewish federation of st. Louis, a missouri nonprofit corporation. To provide, establish and maintain an efficient and practical mode of soliciting, collecting and receiving contributions and to hold and devote the sums and property so collected, received and held to the support, maintenance and management of the general and jewish charitable, social welfare, cultural, educational and philanthropic organizations in the metropolitan area of the city of st. Louis, missouri and elsewhere, to the end that each organization receiving contributions, aid and assistance from the residents of the metropolitan area of the city of st. Louis, missouri, or from this corporation may more effectively carry on its functions and activities and be relieved of the necessity of making separate appeals and collections.”

“The staenberg family foundation is organized and operated exclusively for the benefit of the jewish federation of st. Louis, missouri, a nonprofit corporation. The staenberg family foundation does not conduct its own fundraising activities.”