The George W Bush Foundation

“The board of directors shall create an executive committee of the board consisting of the chair of the board of directors, the president of smu, the president of the foundation, and two other members of the board of directors. A quorum for this executive committee for decisions shall require the chair of the board of directors, the president of smu and one other member of the board of directors serving on the executive committee. The executive committee shall have the authority to act on behalf of the corporation in between regular meetings of the board of directors. Except to the extent authorities of the board of directors are delegated to the executive committee by a duly passed resolution of the board of directors, the board of directors must validate the actions of the executive committee at its next regular or special meeting. Any such action requiring validation which is not so validated will not be legally binding on the corporation. The chair of the board of directors shall act as chair of the executive committee. All decisions of the executive committee shall be by a majority vote of those present.”

“- dr. R. Gerald turner, laura w. Bush, ray l. Hunt and jeanne l. Phillips: business relationship - jeanne l. Phillips and ray l. Hunt: business relationship - dr. R. Gerald turner and ray l. Hunt: business relationship”

“The organization hires an independent accounting firm to prepare and review the organization's form 990 based on information provided by the organization's accounting staff. A copy of the form 990 is provided to the organization's president, secretary, chief financial officer, and legal counsel for initial review. A copy of the form 990 is then provided to all board members for a final review prior to being filed with the internal revenue service and certain state reporting agencies.”

“In accordance with the organization's conflict of interest policy, each director, principal officer, and member of a committee with governing board delegated powers annually signs a statement which affirms that 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 tax exemption must engage primarily in activities, which accomplish one or more of its tax-exempt purposes. 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 for such belief and afford the member an opportunity to explain the alleged failure to disclose. If, after hearing the member's response and after 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.”

“The compensation for the president and ceo is approved by the board of directors during the executive session of board meetings. A management consulting firm provides market compensation data to the board for its use in making these compensation decisions. National search firms are involved in the recruiting of top management, and they provide comparability data prior to offers being extended to potential candidates. The compensation of the other key employees is determined by the president of the foundation. In addition a salary survey was completed in 2014 by an external compensation consultant to establish salary ranges for each position in the organization based on comparable positions at comparable organizations.”

“The organization complies with various state charitable organization reporting requirements by providing, when required, a copy of the annual audited financial statements, governing documents and the form 990. The states make the filed information available to the public. The audited financial statements, form 990, form 1023 and form 990-t are available upon request. The organization's conflict of interest statements are updated annually but are not available for public inspection.”

“Endow a presidential archive depository to house and preserve documents, papers and other memorabilia of president george w. Bush and promote the george w. Bush institute.”

“The following are the purposes for which the corporation is organized: (i) to endow a presidential archival depository, as defined by section 2101(1) of title 44 of the united states code annotated, in an amount required by subsection (g) of section 2112 of title 44 of the united states code annotated, to house and preserve at the george w. Bush presidential library and museum the books, documents, papers, pictures, photographs, and other memorabilia of president george w. Bush, as well as other objects or materials related to the papers or events of the official or personal life of president bush that have historical or commemorative value, and to undertake and support research and educational activities on policy and historical issues related to the life and work of president bush thereby promoting such library and museum. (ii) to maintain a fund or funds of real or personal property, or both, and (subject to the restrictions and limitations hereinafter set forth) to expend or distribute the whole or any part of the income or principal thereof exclusively for the promotion or operation of the george w. Bush presidential library and museum and the george w. Bush institute whose activities promote the library and museum. (iii) to promote libraries. (iv) to perform any other religious, charitable, scientific, literary, or educational activities that promote such library and museum or institute. The corporation pledges all of its assets for use in performing these purposes.”