The American College Foundation

“The sole member of the Foundation is The American College - EIN 23-1352008.”

“The sole member of the Foundation is The American College - EIN 23-1352008. The College approves all Directors appointed to the Foundation Board.”

“The Form 990 is completed by Finance staff and reviewed by the Chief Finance & Risk Officer for accuracy and completeness. It is then reviewed by the College's independent auditors. Once these steps are completed, it is presented to the Foundation's Board of Directors for their review. This process involves sending the completed Form electronically with time for addressing any questions prior to filing.”

“Directors are required to complete the conflict of interest disclosure statement annually. College management validates that there is a 100% completion rate and provides any noted conflict of interest information to the Board for resolution. This could include the College's Audit & Risk Committee, the College's Executive Committee or the full Foundation Board as appropriate. During the year, any transactions involving a Board member would be noted by the CEO and CFRO and referred as appropriate. The Finance Department of the College will disclose any new vendors that it is aware of which might appear to have a conflict.”

“The three officers noted in Page 8, Part VII are employees of The American College, a related organization as noted in Part II of Schedule R. the following are the responses of The American College to these questions and would apply to these officers. The College has a relationship with an independent compensation consultant who provides information as requested by the Compensation Committee for deliberation. Annually, the Compensation Committee will approve the compensation of the President & CEO with input from the independent consultant. The President & CEO will recommend and obtain College Board approval for the officers' compensation. If there are any concerns, the Compensation would contact the compensation consultant.”

“The governing documents, conflict of interest policy, and financial statements are made available to the public on an as requested basis.”

“Net decrease in life insurance cash surrender value -122406. Funds transferred to The American College - EIN 23-1352008 -1808992.”

“The Audit & Risk Committee of The American College, EIN 23-1352008 and sole member of The American College Foundation, is responsible for the oversight of the audit and selection of the independent accountant. This process remains unchanged from the prior year.”