Tory Burch Foundation Inc.

“Tory burch (president), robert isen (chair and treasurer), and james robinson (secretary) have a family relationship. Tory burch (president) and robert isen (chair and treasurer) have a business relationship.”

“Tory burch foundation has its form 990 prepared by an outside accounting firm and has established the following review process to ensure that the information reported is complete and accurate. When the form 990 has been prepared, reviewed by management, and is ready to be filed with the internal revenue service, it is electronically transmitted to the board of directors for review prior to submission to the irs.”

“Tory burch foundation has in place a conflict of interest policy, which applies to all directors, principal officers, and members of a committee with governing board delegated powers. Each director, officer, and member of a committee with governing board delegated powers is required to sign a conflict of interest disclosure statement annually. An interested person must disclose as soon as practicable to the directors and members of committees with governing board delegated powers the existence of a potential conflict of interest and all material facts related to the conflict. In the event that a conflict of interest arises, the interested person with whom the conflict pertains to is excluded from voting on the issue. He/she will leave the room and the remaining board or committee members decide if a conflict of interest exists. With respect to any board or board committee's discussion, decision, or actions involving transactions in which a director or officer has a conflict of interest, the minutes of the governing board and board committee will reflect the board's deliberations and voting process. The foundation is currently in the process of implementing an annual practice on monitoring proposed or ongoing transactions for conflict of interest and dealing with potential or actual conflicts.”

“The organization makes its form 990 available for public inspection as required under section 6104 of the internal revenue code. The return is posted on the organization's website, guidestar.org and other similar types of websites. In addition, the financial statements, conflict of interest policy, form 990, form 1023, and by-laws are also available upon written request at 11 west 19th street, 7th floor, new york, ny 10011.”

“For the tax year ended 9/30/2018, the foundation does not have a written whistleblower policy or a written document retention and destruction policy. However, the foundation is in the process of adopting a written whistleblower policy and a written document retention and destruction policy.”

“The executive director of tory burch foundation, inc. Is employed by tory burch llc. Her time is donated by tory burch llc.”

“Grant refund netted against grant expenses 17,950.”

“The process for selecting an independent accountant and establishing a committee that assumes responsibility for oversight of the audit has not changed from prior years.”