Arrl Foundation Inc.

“The form 990 is prepared with the assistance of the independent accountants and, before filing, is reconciled to the organization's books and records and reviewed and approved by both the controller and chief financial officer of the organization. Also, prior to filing with the irs, an electronic copy is provided to members of the board of directors.”

“No less frequently than once a year, each board member shall promptly submit a statement to the foundation president identifying all business and other affiliations in which the board member has a financial interest, as defined. A board member shall promptly disclose to the foundation president any situation where a family member (spouse, child, grandchild, niece or nephew) has applied for an arrl foundation scholarship. If the board member serves on the scholarship committee, the foundation president will advise the chairman of the scholarship committee and the board member will recuse himself from the scholarship selection process for that year. Except in the instance of a continuing and pervasive conflict, no action shall be taken when a board member fully discloses to the board his or her financial interest and abstains from participation in the board's consideration of the proposed transaction, contract, or arrangement could reasonably be considered to a "financial benefit" to such board member, as defined, whether or not the board member believes a conflict exists. After disclosure of the potential conflict of interest, the foundation president and disinterested members of the arrl foundation board shall determine whether a conflict of interest exists or continuing and pervasive conflict of interest exists. Neither the board nor any committee of the board shall vote upon any proposed matter, transaction, contract, or arrangement in connection with which an actual or possible conflict of interest has been disclosed by a board member until such time as the foundation president has addressed the actual or possible conflict of interest. Decisions regarding conflicts of interest will be reviewed by the foundation president and disinterested foundation directors shall be limited to the materials submitted which are pertinent to the proposed conflict of interest. A majority of the board of directors is required to reverse any decision. Each board member shall annually sign a statement which affirms that such person: has received a copy of the current conflict of interest policy; has read and understands the policy; has agreed to comply with the policy; and understands that the arrl foundation is a non-profit organization and that in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes.”

“Form 990, part vi, section b, line 15b: there are no other officers or key employees of the organization that receive compensation.”

“The organization's by laws, articles of association and financial statements are all posted on arrl's web site. The conflict of interest policy is included in the by laws.”

“There have been no changes made to the organization's oversight or selection process during the tax year.”