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.”

“There are currently no committees that are made up of the board members. The current board oversees all areas of the organization.”

“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 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.”

“The executive director of tory burch foundation, inc. (foundation) is employed and compensated by tory burch llc. Her time is donated by tory burch llc. In addition, the executive director was paid $53,538 by the foundation in 2018 for marketing and event services rendered to the foundation through her llc.”

“Embrace ambition/other outside services fees: program service expenses 137,468. Management and general expenses 79,739. Fundraising expenses 0. Total expenses 217,207.”

“The foundation's full board assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant. This process has not changed from the prior years.”