Hoffman Institute Supporting Foundation

“The Amended and Restated Bylaws published in July 2019 included a change of address, greater verbiage indicating the exclusive purpose of the supporting foundation for charitable purposes only in support of the Hoffman Institute Foundation including the dedication of all of its current assets, and future gifts, bequests, contributions, or monies from the investments thereof. In addition, upon the dissolution or winding up of the supporting foundation all remaining assets after completion of debts or liabilities shall be distributed exclusively for the charitable purposes of Hoffman Institute Foundation. The initial term for Directors election was included at one-year, and thereafter to retain the prior two-year term. The definitions of the taxation code being followed as required by law were expanded to include sections 501(c)(3) and 509(a)(1) or (a)(2). A restriction on the Directors was outlined wherein no more than 49% of the persons on the Board may be interested persons as defined in Section 5227 of the California Nonprofit Public Benefit Corporation Law, nor may there be more than 49% of the persons on the Board disqualified persons as defined in Section 4946. A section outlining contributions from controlling donors was added whereby any gifts or contributions from persons who directly or indirectly controls the main foundation being supported (Hoffman Institute Foundation), their family members, or any other 35-percent controlled entity.”

“Chairman of the board reviews the draft form 990. Then it is made available to the entire board prior to filing.”

“The organization makes its governing documents, form 990's, and other required policies available to the general public upon written request.”

“The White Sulphur Springs property was received in December, 2019 as a gift from the Pleasant T. Rowland Foundation. This gift allows the property to be used in perpetuity for the benefit of and furthering of the mission of the Hoffman Institute Supporting Foundation which is to empower the educational retreats, programs and non-profit activities of the Hoffman Institute Foundation. The property is located in St. Helena, California on 45 acres and has several buildings well suited to these purposes including a classroom and meeting areas, a kitchen and dining hall, many lodging accomodations, and amenities such as gardens, a pool, a hot tub, a Sulphur spring, and hiking trails. All usage of this property is intended to be for non-profit activities organized by the Hoffman Institute Foundation.”

“On 8/31/2020, the organization by board of directors resolution, adopted the following policies:- conflict of interest policy- document retention and destruction policy- whistleblower policy”