Commonbond Endowment Corporation

“Any vacancy of a board member is filled by the board of directors of commonbond communities, commonbond endowment corporation's parent organization.”

“The form 990 was reviewed by the interim cfo, then presented to the audit committee for review and approval, and then sent to the board of directors prior to filing.”

“Any director, officer, member of a committee or individual with board-delegated powers (interested person) who has a direct or indirect financial interest, is asked, on an annual basis, to disclose any actual or possible conflicts of interest in writing to the directors and members of committees with board-delegated powers. The board or committee members decide by majority vote if a conflict of interest exists. If it does exist, or if they have reasonable cause to believe that a director, officer or member has failed to disclose actual or possible conflicts of interest, it shall follow the procedures described in the conflict of interest policy. This may include providing the director, officer or member an opportunity to explain the alledged failure to disclose, deciding if further investigation may be warranted or taking appropriate disciplinary and corrective action with disclosure recorded in the board minutes. A board member with a conflict of interest does not participate in discussions or voting concerning the transaction in question.”

“Commonbond endowment corporation does not compensate the ceo and other officers. They are compensated by commonbond communities and commonbond housing corporation.”

“Commonbond endowment corporation's financial statements are available on its website or upon request. The governing documents and conflict of interest policy are available upon request.”

“Consulting contract: program service expenses 34,120. Management and general expenses 0. Fundraising expenses 0. Total expenses 34,120.”

“Endowment earning release -2,500,000.”

“The process has not changed from the prior year.”