We Are the World Foundation

“Director adam fell serves as business manager to director quincy jones. Officer cheryl romine serves as executive assistant to director/officer peter tortorici.”

“An accounting firm is hired to prepare the tax return and a copy is provided to the board of directors for their review before the tax return is filed with the irs.”

“The foundation's conflict of interest policy requires directors and officers to disclose conflicts of interest. The organization regularly reviews transactions that may give rise to conflicts of interest. Thus far, no conflicts have arisen.”

“Not applicable in this case since the foundation has no compensated officers or key employees.”

“The foundation complies with the requirement that it disclose to the public, upon request, its form 1023 and attachments (including articles of incorporation and bylaws). The foundation's financial statements are incorporated into the form 990 which, of course, is available to the public.”

“On september 12, 2014, the third installment of the original grant (as revised on july 30, 2012) was disbursed, together with the final installment of the supplemental grant, for a total of $464,850. Furthermore on august 5, 2015, the fourth installment of the original grant for the amount of $204,082 was disbursed, leaving the final sum of $57,000 to be disbursed on july 2016. In 2016, the supplemental grant of $275,185, which the grantee has designated to enable six months of operations at audio institute from august 2016 to january 2017, was approved on the last board call on june 21. Pursuant to the authorization of the supplemental grant the sum of $332,185, representing the supplemental grant as well as the final installment of the original grant of $57,000, was disbursed on june 28, 2016.”