YMCA of Kanawha Valley Endowment Fund Inc

“The endowment fund makes known the content of form 990, as a matter of critical importance to the organization's governing board of directors. The form 990 is compiled from data provided by endowment fund management. An accounting firm completes the 990 in draft form. The endowment fund management reviews the 990 and makes recommendations for changes. After all recommended changes are completed to the satisfaction of management, it is forwarded to the board of directors. The board of directors reviews the form 990 in draft form. After a complete review, and the form 990 is satisfactory to the board, all required parties sign the final form 990. Management of the endowment fund sends the completed 990 via electronic filing to the irs.”

“Annual statements - each director, principal officer, and member of a committee with governing board delegated powers shall annually sign a statement which affirms such person: has received a copy of the conflict of interest policy; has read and understands the policy; has agreed to comply with the policy, and understands the organization is charitable and in order to maintain its federal exemption must engage primarily in activities which accomplish one or more of its tax-exempt purposes. Violations of the conflict of interest policy - if the governing board or committee has reasonable cause to believe a member has failed to disclose actual or possible conflicts of interest, it shall inform the member of the basis of such belief and afford the member an opportunity to explain the alleged failure to disclose. If, after hearing the member's response and making further investigation as warranted by the circumstances, the governing board or committee determines the member has failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action.”

“Documents are available upon rerquest”