Gonzaga Law School Foundation

“One gonzaga law school foundation board of director position is appointed by the president of the corporation of gonzaga university pursuant to a mutual operating agreement between gonzaga law school foundation and the corporation of gonzaga university.”

“The form 990 for the gonzaga law school foundation is e-mailed to its board of directors for their review and comments prior to filing the form 990 with the internal revenue service.”

“The gonzaga law school foundation's conflict of interest policy requires the foundation's board of directors and officers to annually disclose or update their interests that could give rise to conflicts of interest, such as a list of family members, substantial business or investment holdings, and other transactions or affiliations with businesses and other organizations or those of family members that could have business or other contact with the foundation. This is accomplished by submission of an annual conflict of interest questionnaire to the chairperson of the board of directors. For each interest disclosed to the chairperson of the board of directors, the chairperson will determine whether to: (a) take no action; (b) assure full disclosure to the board of directors and other individuals covered by this policy; (c) ask the person to recuse from participation in related discussions or decisions within the foundation; or (d) ask the person to resign from his or her position in the foundation or, if the person refuses to resign, become subject to possible removal in accordance with the foundation's removal procedures. The foundation's secretary/treasurer will monitor proposed or ongoing transactions for conflicts of interest and disclose them to the chairperson of the board of directors in order to deal with potential or actual conflicts, whether discovered before or after the transaction has occurred.”

“The gonzaga law school foundation provides copies of its governing documents, conflict of interest policy, and financial statements upon written request.”

“The purposes for which this corporation is formed are to receive and maintain a fund or funds of real or personal property, or both, and, subject to the restrictions and limitations hereinafter set forth, to use and apply the whole or any part of the income therefrom and the principal thereof for exclusively charitable, religious, scientific, literary, or educational purposes either directly or by contributions to organizations (hereinafter referred to as "irs qualified organization or "irs qualified organizations") that qualify as exempt organizations under section 501(c)(3), and contributions to which are deductible under section 170(c)(2), of the internal revenue code of 1954 (or the corresponding provisions of any future united states internal revenue law). Subject to this general limitation of purpose, this corporation is organized; (1) for the advancement of legal education and training at gonzaga law school; (2) for the providing of loans, with or without interest, scholarships, grants, and/or fellowships to qualified and worthy students enrolled at such school; (3) for the construction of or addition to the law school's physical plant; (4) for such other exclusively charitable, religious, scientific, literary or educational activities as would tend to increase the appreciation and understanding of the legal profession and the study of law by the students of such school, including, but not limited to, the funding of distinguished speakers' programs on legal and related topics at such school, and the granting of awards for outstanding legal research and/or service at such school.”

“The gonzaga law school foundation's financial statements were prepared on a consolidated basis with the corporation of gonzaga university and audited by an independent accounting firm. The corporation of gonzaga university's audit and risk management committee assumes responsibility for the oversight of the audit of the consolidated financial statements and selection of an independent accounting firm. The corporation of gonzaga university receives federal awards which requires an audit under the single audit act and omb circular a-133. The gonzaga law school foundation does not receive federal awards.”