The Jack G Buncher Charitable Fund for the Pittsburgh Foundation

“The foundation is a type i supporting organization of the pittsburgh foundation. As a type i supporting organization, the pittsburgh foundation appoints the majority of trustees. In 2024, there were no changes to the board of directors. Ms. Schroeder, ms. Uranker and mr. Brelsford have a business relationship as a result of their common employment.”

“The pittsburgh foundation appoints 4 directors, and the buncher family foundation appoints 3 directors. In 2024, there were no changes to the board of directors.”

“The audit committee of the pittsburgh foundation is charged with the responsibility of reviewing the form 990 on behalf of all supporting organizations and executes this responsibility prior to the filing of the returns with the internal revenue service. The organization's form 990 is reviewed internally by the pittsburgh foundation's chief finance and operations officer, controller and senior accounting manager. Once approved for filing, a complete copy of the return is provided to all of the organization's board members.”

“The jack g. Buncher charitable fund has adopted a written conflict of interest policy. The board members are required to complete an annual disclosure statement to disclose any potentional or actual conflict of interest in connection with any financial transaction brought before the board. If applicable, board minutes would then clearly reflect the resolution of the perceived and/or actual conflict in accordance with the policy's provisions. Part vi, section b, lines 13 and 14: the pittsburgh foundation performs recordkeeping and other support services for its supporting organization, the jack g. Buncher charitable fund. These services are performed in accordance with internal control policies and procedures that govern all operational activities of the pittsburgh foundation. Accordingly, the operational activities of the jack g. Buncher fund are governed by the following policies and procedures of the pittsburgh foundation: document destruction, whistleblower policy, and process for determining compensation where applicable.”

“The jack g. Buncher fund does not compensate any individuals for board or employment services. Form 990 requires the jack g. Buncher fund to disclose compensation paid by its related organization, the pittsburgh foundation, for services the individuals provide to the pittsburgh foundation. Compensation is awarded by the foundation pursuant to a process that satisfies the requirements of the interemediate sanctions regulations.”

“All of the organization's governing documents, conflict of interest policy, financial statements, and form 990 are on file in the offices of the pittsburgh foundation and are available upon request.”

“In order to ensure that the supporting organizations are responsive to the needs of their supported organization, the pittsburgh foundation, the filing organization's bylaws require the pittsburgh foundation to appoint certain of its board members. The pittsburgh foundation has appointed employees of the pittsburgh foundation to serve as their representatives on the supporting organization board. This relationship ensures responsiveness between the organizations.”

“The audit committee of the pittsburgh foundation, as part of its shared services arrangement with the jack g. Buncher charitable fund, assumes responsibility for the oversight of the audit of the financial statements of the jack g. Buncher charitable fund as well as the selection of an independent auditor. This process has not changed from the prior year.”