Kistler Tiffany Foundation

“The bylaws were revised. Reportable changes are: (1) an additional vice-president shall be designated as "second vice-president and shall be similarly vested with the powers to perform the duties of the vice-president in his/her absence. (2) the directors, by majority vote, may create an executive committee consisting of not more than five (5) directors. (3) upon dissolution of the corporation its assets shall be disposed of as provided in article 8 of the corporation's articles of incorporation which read as follows: upon the dissolution of the corporation, the board of directors shall, after paying or making provisions for the payment of all the liabilities of the corporation, dispose of all of the assets of the corporation exclusively for the purposes of the corporation in such manner, or to such organization or organizations organized and operated exclusively for charitable, educational, religious, or scientific purposes as shall at the time qualify as an exempt organization or organizations under section 501(c)(3) of the internal revenue code of 1986 (or the corresponding provision of any future united states internal revenue law), as the board of directors shall determine. Any such assets not so disposed of shall be disposed of by the court of common pleas of the county in which the principal office of the corporation is then located, exclusively for such purposes.”

“TREASURER REVIEW.”

“An annual conflict of interest statement must be signed by each board member.”

“The organization makes its governing documents and financial statements available to the public upon request.”

“The treasurer assumes responsibility for oversight of the reviewed finanacial statements. This process is similar to prior years.”