The Griffith Insurance Education Foundation

“The form 990 is prepared by a third-party accounting firm and reviewed by the board of directors for approval before filing.”

“An annual form is submitted by all trustees and key people and reviewed by the corporate secretary for potential conflicts of interest.”

“The institutes' board of trustees utilizes the following process: the compensation arrangement must be approved by the approval body of the institutes composed entirely of individuals who do not have a conflict of interest with respect to the compensation arrangement. It also must rely on comparability data that demonstrates the fair market value of the compensation in question. The approval body must document how it reached its decisions including the data on which it relied.”

“The organization's governing documents, conflict of interest policy and financial statements are available upon request.”

“Promotes the study and teaching of risk management and all lines of insurance through educational programs targeting students and public policymakers. Form 990, part vi, section a, lines 1a, 3, 6, 7a, & 7b on february 27, 2012, the american institute for chartered property casualty underwriters ("the institutes") and the griffith insurance education foundation ("foundation") entered into an affiliation agreement (the "agreement"), effective may 1, 2012, and a management services agreement ("msa"), in order to serve as a powerful, united voice to significantly influence insurance education, and work together to promote the study and teaching of risk management and insurance by providing insurance education and tools for higher education institutions professors, students, and insurance education for public policy makers among other activities. The institutes, as of the effective date of the agreement, has a sole authority and right to vote (i) the election of the foundation's board of directors; (ii) the amendment of the foundations articles of incorporation; (iii) the merger or dissolution of the foundation; (iv) the amendment of the foundation's bylaws. The board of directors has authority for all foundation matters and decisions with the exception of the election of the members and officers of the leadership council.”