Stockton University Foundation

“The executive committee of the board of directors shall consist of the following members and ex officio members: the chair of the foundation; the president of the college; the chief development officer of the college; vice chairs of the foundation; and the treasurer and secretary of the foundation. In addition, the board at its annual meeting shall elect other of its members to serve on the executive committee for a term of one (1) year. It shall be the responsibility of the executive committee to conduct the activities of the foundation between the dates of the four meetings of the board of directors. The executive committee shall have full authority of the board to perform such acts and to undertake such activities as shall be deemed by the executive committee to be necessary or prudent, provided however, that such acts and activities shall be duly and completely reported to the board of directors at each meeting of the board, and such actions that require board approval shall be confirmed by vote of the board of directors at the next meeting following the action. The executive committee shall engage in regular and continuing dialogue with the president of the college and the board of trustees of the college so that, insofar as possible, foundation actions will be consistent with the policies and goals established by the board of trustees of the college. The chair of the foundation shall serve as the chair of the executive committee. Minutes shall be prepared by a member of committee appointed by the chair of all deliberations and actions taken at executive committee meetings and shall be distributed to the members of the board of directors at the next meeting of the board following the meeting of the executive committee.”

“Claire kuhar and thomas kuhar, family relationship”

“Throughout the year, various management duties are delegated to the richard stockton college of new jersey. This relationship is disclosed in schedule r.”

“Updated bylaws- any of the named officers shall also have the authority for signing checks in excess of the established dollar amount. All such checks signed shall be regularly reported to the treasurer in a timely fashion.”

“Form 990 is initially reviewed by the chairs of the audit and finance committees, and then submitted to the executive committee. When their review is completed, the executive committee provides the return to the full board of directors for their review and discussion. It is approved by the board prior to filing.”

“The conflict of interest policy applies to each member of the board of directors and to all officers of the richard stockton college foundation. It is the responsibility of each director and officer to ensure that the board is made aware of any and all situations that involve personal, family, or business relationships that could be deemed as a perceived or actual conflict of interest. The board requites each director and foundation officer annually to (1) review this policy, (2) disclose potential personal, family, or business relationships that could give rise to a conflict of interest with the foundation or richard stockton college, or which could result in a substantial benefit as a consequence of actions by the foundation or richard stockton college, and (3) sign an acknowledgement of the policy and agree to conform to its requirements. Each director has an ongoing duty to disclose conflicts of interest or the prospect of substantial benefit. In the event you are uncertain as to the appropriateness of listing a particular relationship, the chair of the board of directors and/or the vice chair of the foundation should be consulted. Directors or officers who have declared or found to have a conflict of interest shall refrain from participating in consideration of proposed transactions involving or relating to the entity creating the conflict, unless for special reasons the board or administration requests information or interpretation. With respect to such transactions, persons with a conflict shall neither vote nor be present at the time of vote.”

“The richard stockton college of new jersey participates in the new jersey association of state colleges and universities (njascu). Each of the schools in the system has a foundation with an executive director who is also an official of the associated school. The presidents of the member schools of njascu regularly share information and confer about the salaries if the top-level positions at their institutions, including executive directors of their foundations. In addition, as with all public employees in new jersey, the salary of the executive director is subject to public disclosure and review.”

“Governing documents, conflict of interest policies and financial statements are available to the public upon request.”

“The organization has not changed its oversight process or selection process during the filing year.”