Virunga Fund Inc

“Tara candland and shannon sedgwick davis have a business relationship.”

“Becuase virunga officially dissolved in 2019, no board meetings were held during 2020.”

“The board has not delegated authority to any committee.”

“The form 990 was prepared by outside accountants and reviewed by senior management. A copy of the 990 was reviewed by all board members prior to filing.”

“The organization monitors and enforces compliance with the conflict of interest policy via discussion periodically at board meetings. In connection with any actual or possible conflicts of interest, any fiduciary discloses any and all material facts to the chairman, the president or the board of directors at the earliest possible time after the conflict of interest becomes known to the fiduciary and is made a matter of record through annual or other reporting and certification procedures as the directors require from time to time. Disclosure of the actual or possible conflict of interest and all material facts are made to the directors or the members of the governing committee of the board delegated powers to consider the proposed transaction or arrangement. After discussion with the relevant fiduciary, the directors or the members of the governing committee of the board of directors finally determine whether any conflict of interest exists. The fiduciary leaves the directors' meeting or the meeting of the governing committees of the board of directors while the determination of a conflict of interest is discussed and voted upon. If the directors or the members of governing committees of the board of directors determine that a conflict of interest exists with respect to a transaction or situation, the directors or the members of governing committees of the board of directors take the following action: 1) allows the fiduciary to make a presentation to the board of directors, but after the presentation, the fiduciary leaves the meeting during the discussion of, and the vote on, the transaction or situation that results in the conflict of interest; (2) appoints, if the directors deem it appropriate to do so, a disinterested person or committee to investigate alternatives to the transaction or situation; (3) after exercising due diligence, determines by a majority vote whether the corporation can obtain a more advantageous transaction or situation with reasonable efforts from a person that would not give rise to a conflict off interest; and (4) if a more advantageous transaction or situation is not reasonably possible under circumstances not producing a conflict of interest, determines by majority vote of disinterested directors whether the transaction or situation is in the corporation's best interest and for its own benefit; and whether it is fair and reasonable to the corporation; and in conformity with the above determination it makes its decision as to whether to enter the transaction or situation.”

“The organization compensates the director, a non voting officer. The board meets to discuss staff compensation, where many factors are taken into account to determine compensation. The last compensation review took place in march 2019.”

“Governing documents, conflict of interest policy, and financial statements are available to the public upon request.”

“This is virunga's final return, therefore all programs have ceased.”