Pennsylvania Bar Foundation

“Voting members are eligible to elect the zone directors of the board of directors at the annual meeting based upon the nominating commitee's report of those nominated”

“Prior to filing, the final form 990 (including required schedules) will be provided to each of the 22 voting members of the pa bar foundation board of directors and to the five members of the foundation audit committe via electronic mail. Each voting member of the board of directors will be given a week to review the return and to direct any comments, concerns or questions to the pennsylvania bar foundation audit committee by a date certain deadline. The absence of a director's comment, concern or question will be presumed to mean that the director has no input. At the conclusion of the board of director's response period, the audit commitee will conduct a line by line review of the return with the foundation executive director and controller, review the comments, concerns and questions received, if any, from the voting members of the board of directors and make a recommendation to the full board regarding the acceptance or revision of the 990. In the event the audit committee's review results in recommended revisions, the chair of the audit committee will communicate those revisions to the auditors for further review and consideration.”

“The foundation takes appropriate steps to rectify any situations as they occur as described in the conflict of interest policy.”

“Copies of governing documents, conflict of interest policy, and finacial statements are provided upon request.”

“In 2013, the pennsylvania bar foundation launched a named scholarship program to provide individuals and organizations within and beyond the legal community the opportunity to establish an annual scholarship to benefit pennsylvania residents attending any one of eight accredited law schools serving the state. An annual minimum commitment of $3,000 per year for five years is required to establish a named scholarship fund. Name scholarship funds established by bar entities or bar members have a lower annual commitment rate and are eligible to receive an annual contribution from the pennsylvania bar foundation, to the extent funds are available, to increase the impact of their award. Named scholarships are awarded competitively, based upon criteria established by the donor and approved by the foundation board of directors. In 2013, the joseph t. Mcdonald memorial scholarship of the pennsylvania bar foundation, the first named scholarship fund, awarded one $3,000 scholarship. A second named scholarship was also approved and will be making its first award in 2014.”

“The process of selecting an independent accountant for the audit of the financial statements has not changed since the prior year.”