The Fort Lewis College Foundation

“The purpose of the executive committee is to exercise powers of the board of directors only as to matters that arise and must be dealt with between regularly scheduled meetings of the board of directors when it is not feasible or necessary to convene a special meeting. The executive committee may also serve in an informal advisory role to the college president. The executive committee will consist of the officers of the foundation (chair, vice-chair, secretary and treasurer) and three other directors, one of whom shall be the immediate past-chair of the foundation if available and willing to serve. Any action taken by the executive committee involving exercise of the powers of the board of directors shall be reported promptly and ratified at the next meeting following such action.”

“Terry bacon and debra parmenter have a family relationship”

“Fort lewis college foundation entered into a "memorandum of understanding" (mou) with fort lewis college, an affiliated organization, to provide facilities, personnel, and services, which includes chief executive officer services. Compensation paid for these services to fort lewis college during fiscal year ended june 30, 2025, was $679,793.”

“Amendments to governing documents: change for qualifications, number, election and tenure to allow part-time eployees of flc to be considered for board service.”

“The treasurer, chief executive officer, and chief financial officer will review the form 990 informational return prior to filing. The board is given the opportunity but is not required to review the form 990 before filing.”

“Conflict of interest policy forms are collected each year and reviewed by the executive committee to ensure that there are no conflicts of interest with any foundation board member. If there is a conflict of interest the board member will either resign or will not vote on any measure that involves the conflict of interest.”

“The compensation paid to the chief executive officer is paid for by fort lewis college, an affiliated organization. Fort lewis college has policies and procedures in place that are issued to evaluate and establish compensation amounts for the chief executive officer. The fort lewis college president confers with the foundation board regarding the evaluation of the chief executive officer. The foundation reimburses the college for a portion of the compensation paid to the chief executive officer for the services provided.”

“The foundation's conflict of interest policy, governing documents, and financial statements are made available to the public upon request by the public.”

“Change in value of beneficial interest held by others 47,396. Loss on uncollectible promises to give -300.”