Great Salt Lake Council Bsa-Trust Fund

“In conjunction with the termination of the trust and the transfer of the endowment assets to a new investment adviser it was determined it would be appropriate to review and revise the statement of investment policy and guidelines. It was adopted on march 1, 2018 by a unanimous vote of the investment committee and subsequently adopted by the full board of directors at their annual meeting on may 12, 2018.”

“Active members may elect the members of the governing body.”

“The executive board of the great salt lake council, inc. Bsa #590 (the council), having established and created the great salt lake council bsa-trust fund #590, (the fund), shall be its governing body. The council has the power to appoint and discharge the trustee as it deems appropriate and, subject to the provisions of the charter, bylaws, and rules and regulations of the boy scouts of america, gives broad powers to the trustee, as enumerated in the agreement of trust, to administer the fund.”

“Active members of the council may elect members-at-large, regular members of the executive board, and officers of the council other than the scout executive.”

“A complete copy of the great salt lake council bsa-trust fund #590's form 990 and schedules will be sent to the governing body with instructions to resolve any questions before it is filed a week or so later.”

“The fund follows the policy of the great salt lake council-bsa which is to, at least once a year, distribute a conflict of interest certification and disclosure form to its officers and directors. The covered persons are required to complete and sign the certification and disclosure form, which is retained in the council files. The certification and disclosure forms are reviewed no less than annually by the scout executive and treasurer. The scout executive is ultimately responsible for possible conflicts of interest.”

“The fund's policy regarding disclosure of governing documents, policies, and financial statements follows that of the great salt lake council-bsa, which is that if the governing documents and policies of the council are subject to the federal public disclosure rules (or state public disclosure rules), these documents will be made publicly available as applicable law may require. Otherwise, the governing documents and policies will be provided to the public at the discretion of management. The following documents are available for public inspection at the great salt lake council-bsa's service center, located at 525 foothill blvd, salt lake city, ut 84113, or on the organizations website at www.glsc-scouts.org: all documents as required by federal, state, and local law, the audited financial statements, and current year budget.”

“As of september 30, 2018, the great salt lake council bsa - trust fund terminated by transferring all of its assets to the great salt lake council.”

“Transfers between funds -1,901,676. Endowment support operations -110,000. Liquidating transfer -3,046,630.”