Kpmg U S Foundation Inc

“The officers and directors of the foundation consist of partners of kpmg llp. Each person will serve as an officer or director of the foundation in their individual capacity as a volunteer and not as a representative of kpmg llp. The foundation will not satisfy any legally enforceable obligation or pledge of kpmg llp.”

“The foundation's bylaws were amended and restated to update them. See attached board approval and a copy of the amended and restated bylaws.”

“During april 2023, the foundation's audit committee and management reviewed a draft of the form 990 and provided comments to the preparer. Based on feedback provided from the committee members, the draft form 990 was updated. Upon finalization and filing of the return, management provided a final copy of the return to each member of the board of directors.”

“The foundation has established a conflict of interest policy which has been reviewed and approved by its board of trustees. The foundation is committed to the belief that sound business practices start with an absolute commitment to act ethically in carrying out the foundation business, and to comply with the laws and regulations that impact its business, thus the kpmg employees that volunteer to serve the foundation as directors and officers must avoid participating in activities that create or appear to create a conflict of interest. The foundation has specifically identified the following areas in its policy to be potential conflicts of interest: financial interest, outside employment, acceptance of gifts, gratuities, business courtesies, travel, lodging and entertainment, misuse of resources or assets, personal gain using undue influence, direct dealings with vendors, use of confidential information, and an individual's support of political causes. The foundation's policy requires certain individuals to disclose participation in activities or circumstances that may present a conflict of interest on an annual basis or if at any time such individual becomes aware of circumstances that may present a conflict of interest. These disclosures are reviewed by management and the board as necessary.”

“The foundation's form 990 is based on the independently audited financial statements of the organization, is open for public inspection, and provides significant information about the organization's governance and conflict of interest policy.”

“All directors and officers of the foundation serve in their capacity as volunteers.”

“We will grow together, for better through trusted partnerships to improve equity and access in our communities.”

“The foundation's vision is a world with equity and access to opportunity. For education, the foundation seeks to increase access to educational opportunities. For equity, the foundation will champion more equitable access to health, wellbeing & opportunity. Relief and resilience in communities is also important to the foundation demonstrated by emergency assistance for kpmg's employees, helping our communities when disaster strikes, and working to protect our planet. The foundation's educational matching gift program supports an essential dimension of the firm's diversity, equity and inclusion (dei) agenda through development of the best and most diverse talent, providing access to meaningful opportunities and creating an environment in which everyone can thrive and grow personally and professionally. The foundation will match kpmg llp active and retired partner and employee donations to any accredited u.s. Institutions of higher education including 4-year colleges and universities, business, law and other graduate schools, junior and community colleges offering at least a two-year program of college-level studies and trade schools. The foundation supports the "for relief fund" (the fund) at emergency assistance foundation. The fund is one of the ways the foundation and kpmg partners and professionals collectively support kpmg's people. The fund was created to provide financial assistance to kpmg professionals who are facing unexpected financial difficulty from a disaster, emergency or other unforeseen hardship. The fund is supported by the foundation and voluntary donations from kpmg partners, retired partners and professionals. Every contribution helps and, when combined with the donations of others, can provide critical assistance to fellow colleagues in times of need.”

“Donated services or use of facilities of ($30,856) is negative because of timing differences related to the expenses paid on behalf of the foundation by kpmg llp in excess of the in-kind contributions from kpmg llp.”