Lions Clubs International Foundation

“The executive committee shall be comprised of no more than ten (10) members. The chairperson of the foundation, the vice chairperson of the foundation, the treasurer of the foundation, the secretary of the foundation, the four executive officers of the International Association of Lions Clubs and two LCIF trustees appointed by the president of the International Association of Lions Clubs shall comprise the executive committee of the board of trustees, by and with the approval of said board of trustees, which committee may act for and on behalf of the board of trustees only when the members of said board are not assembled in session. No board action shall be altered, amended or rescinded by the executive committee. The presence of six (6) members of said committee shall constitute a quorum at any meeting thereof. The act of a majority of such members shall be the act of the committee. Said committee may transact business by telephone conference call or other electronic or suitable means provided six (6) members participate therein, and the vote of a majority of the members participating shall be considered the act of the committee. The executive committee shall meet immediately before the October/November and March/April LCI board of directors meetings and at other times as may be necessary, to prepare recommendations for consideration and action by the board of trustees.”

“1. The LCIF controller and financial analysis manager is responsible for the timely preparation of the Form 990. The Lions Clubs International Foundation executive administrator and Lions Clubs International chief financial officer also review. 2. The LCIF finance committee reviews the draft tax return at its January meeting. Also, a completed Form 990 will be provided to the foundation's board of trustees via a secure website. All questions and concerns will be addressed by staff of Lions Clubs International Foundation prior to filing.”

“By board policy, each member of the board of trustees, including appointees, key management personnel, and all employees are required to submit an annual statement acknowledging the conflict of interest policy and their individual compliance. The annual statement is submitted to the Lions Clubs International Finance and Headquarters Operation Committee for review. Procedures: 1. In connection with any actual or possible conflicts of interest, the interested person (an individual that has a direct or indirect financial interest) must disclose the existence of his or her financial interest and must be given the opportunity to disclose all material facts to the directors and members of committees with board delegated powers considering the proposed transaction or arrangement. 2. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists. 3. If a more advantageous transaction or arrangement is not reasonably attainable under circumstances that would not give rise to a conflict of interest, the board or committee shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in the association's best interest and for its own benefit and whether the transaction is fair and reasonable to the association and shall make its decision as to whether to enter into the transaction or arrangement in conformity with such determination.”

“Salary review is administered by Lions Clubs International on behalf of Lions Clubs International Foundation. Line 15a is marked "No" since salary administration is not directly handled by the filing organization. 1. Salary surveys are conducted annually to assure the salary ranges and salary increase figures used are comparable to salaries paid by the existing labor market. 2. A performance review of the executive adminstrator is conducted annually by the Lions Clubs International Foundation executive committee. Salary increase and/or bonus for the executive administrator shall be determined individually by the executive committee, acting in capacity of the compensation committee. 3. Form 990 of similar organizations are reviewed periodically in determining the executive adminstrator's salary. 4. The salary review process is contemporaneously documented. Form 990, Part VI, Section B, Line 15b: The Foundation does not compensate any other officers or key employees; therefore, this question has been intentionally checked "No."”

“Lions Clubs International Foundation's Form 990 is available by using the search engine on the website at www.lionsclubs.org. The Foundation's Form 990-T and unsigned Form 1023 are available upon request. A current copy of the Foundation's 501(c)(3) determination letter from the IRS is also available upon request.”

“Lions Clubs International Foundation's audited financial statements are available by using the search engine on the website at www.lionsclubs.org. The Foundation's governing documents and conflict of interest policy are not made available to the public.”

“The International Association of Lions Clubs (EIN: 36-1263962), an affiliated organization, is the common paymaster for Lions Clubs International Foundation; therefore, all applicable IRS tax compliance filings relating to both of the organization's employees are reported by the association. The foundation has 86 employees; the International Association of Lions Clubs, the common paying agent, reported 367 employees on Form W-3 for 2024.”

“Recoveries of prior year grants 1,874,800. Change in value of charitable gift annuities -6,751. Write-off of uncollectible pledges -794,733.”