Jaeb Center Research Trust Inc

“There are no committees with authority to act on behalf of the governing body.”

“The final draft of the form 990 including all supporting schedules is provided to the board of directors at their annual meeting for review and acceptance prior to filing.”

“(a)interested person. Any board director, corporate officer, or member of a board committee who has direct or indirect financial interest, as defined below, is an interested person. If a person is an interested person with respect to any affiliate or subsidiary of the corporation, he/she is an interested person with respect to the corporation and all affiliated or subsidiary entities. (b)financial interest. A person has a financial interest if he/she has, directly or indirectly, through business, investment, or family, (1) an ownership or investment interest in any entity with which the corporation has a transaction or arrangement, (2) a compensation arrangement with the corporation or with any entity or individual with which the corporation has a transaction or arrangement, or (3) a potential partnership or investment interest in, or compensation arrangement with, any entity or individual with which the corporation is negotiating a transaction or arrangement. Compensation includes direct and indirect remuneration as well as gifts or favors that are substantial in nature. A financial interest is not necessarily a conflict of interest. Under (c), below, a person who has a financial interest may have a conflict of interest only if the board of directors decides that a conflict of interest exists. A financial interest shall not be a conflict of interest if resulting from the normal conduct of activities and business by and between the corporation or other affiliates of the corporation. (c)conflict of interest. A conflict of interest shall be deemed to exist at any time when an interest held, including without limitation a financial interest, or relationship maintained by an interested person, prohibits or inhibits, or potentially prohibits or inhibits, the interested person from exercising independent judgment in the best interests of the corporation. A conflict of interest shall not exist if resulting solely from the normal conduct of activities and business by and between the corporation or other affiliates of the corporation. (d)conflict of loyalty. A conflict of loyalty shall be deemed to exist when a board of directors member, corporate officer, or member of a board committee may be involved in a decision of the board of directors or board committee and may be (or perceived to be) potentially influenced by considerations other than the best interests of the corporation. Conflicts of loyalty may be sufficiently serious to amount to conflicts of interest, notwithstanding any contrary language in these bylaws.”

“All compensation is established and paid by the related organization, jaeb center for health research foundation, inc. The board of directors of the foundation shall annually review and approve the compensation of the corporate officers, any key employees (as defined by the irs), and the next five highest compensated employees as listed on the organization's prior year form 990. It is the board's intention that this policy and its associated procedures will meet the rebuttable presumption test under irc 4958 and treasury regulation 53.4958-6. The purpose of the annual review is to ensure that the compensation program falls within a reasonable range of competitive practices for comparable positions among similarly situated organizations. The board will keep robust minutes of its deliberations and decisions, the president's reports, the corporate treasurer's reports, and any other supporting documentation that it relies on for its compensation decisions. All these documents will be delivered to the corporate secretary promptly after the board meeting for entry into the corporate books and records. The process described here was last completed in 2024.”

“The audited financial statements, form 990s, and form 1023s are made available to the public on the organization's website and upon request.”