Tory Burch Foundation Inc.

“Tory burch (founder and director), robert isen (chairperson), and james robinson (secretary) have a family relationship. Tory burch (founder and director) and robert isen (chairperson) 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 finance/audit committee for review and approval. It is then provided to and approved by the full board of directors at the recommendation of the finance committee prior to submission to the irs.”

“Tory burch foundation has in place a conflict of interest policy, which applies to all directors and principal officers. Each director and officer is required to sign a conflict of interest disclosure statement annually. An interested person must disclose as soon as practicable to the directors 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 leaves the room and the remaining board decide if a conflict of interest exists. With respect to any board discussion, decision, or actions involving transactions in which a director or officer has a conflict of interests, the minutes of the governing board 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 president 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 president was paid $24,500 by the foundation in 2022 for marketing and event services rendered to the foundation through her llc.”

“In may 2022, tbf launched a partnership with vfiles to support a vfiles lab entrepreneur through the tory burch foundation fellows program. The vfiles foundation is a 501(c)(3) organization with the mission to increase business ownership for creators in underrepresented communities (bipoc, women, lgbtq+). The vfiles foundation provides seed grants, mentorship, and soft skills training through its flagship program, vfiles lab. One entrepreneur was chosen to participate in the tbf fellows community and was given access to all the tbf programming. As of fiscal year 2022, we have supported one vfiles entrepreneur.”

“Grant refund netted against grant expenses 106,395.”

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