The Red Sox Foundation Inc.

“Family or business relationship three of the nine red sox foundation board members, as of december 31, 2020, are also partners of fenway sports group. Fenway sports group owns the boston red sox baseball club. One red sox foundation board member is also a senior vice president of the boston red sox baseball club and legal counsel. One additional member works for an affiliated organization, new england sports network (nesn).”

“Mailing address of persons to be contacted at a different address chad gifford c/o bank of america 100 federal street, 28th floor boston, ma 02110 bridget terry long 13 appian way cambridge, ma 02138 sean mcgrail c/p nesn 480 arsenal street, building #1 watertown, ma 02472 jill shah 353 newbury street boston, ma 02215 linda whitlock 6 university road cambridge, ma 02138 form 990, part vi, question 11a review process of form 990 the form 990 is prepared by an outside independent accounting firm. Red sox foundation management reviews the form prior to submitting to board members for final review. The organization distributes the final return to the red sox foundation board members via hard copy or email.”

“Conflict of interest the red sox foundation has a written conflict of interest policy in effect. Board members must recuse themselves during a vote on any grant that involves a non-profit where they serve on the board or where a direct family member serves as an employee, board member, fundraiser or other interested party affiliated with the non-profit under consideration for a grant. The foundation requires a written annual survey of board members, in which each member must list any non-profit where they have a role or sit on the board or where a direct family member sits on the board, is employed by or is an interested or influential party. Board members also have a responsibility to update their conflict of interest policy forms annually or as needed (when they or a relative joins a new non-profit board or a relative becomes employed by, serves as a fundraiser or otherwise becomes an interested party with any non-profit). Board members are asked to annually confirm in writing they understand and respect this conflict of interest policy. This policy is also followed by the executive director and red sox foundation staff.”

“Process to determine compensation of executive director a survey of comparable salaries of other non-profit organizations for the red sox foundation's executive director is conducted and distributed to the board finance committee. The cureent executive director was hired as of january 1, 2018 through formal search process handled through a retained executive search firm, korn ferry. The executive director's annual compensation was reviewed and approved by the board member to whom the board has delegated this responsibility. The full board approves the entire aggregate foundation salaries as part of the budget procedure. None of the red sox foundation board members receive any compensation for their work as a board member”

“Process to determine compensation none of the red sox foundation board members receive any compensation for their work as a board member. Likewise, no board members receive payment for services provided as an officer or key employee of the foundation. David friedman and jeff white's compensation is determined by the boston red sox during their budget process and a percentage of their salary is allocated to the foundation based on an estimated percentage of their time spent working with the foundation. This allocation percentage is approved during the budget process.”

“Availability of governing documents, conflict of interest policy, and financial statements to the general public all governing documents, conflict of interest statements and financial statements are available upon request. Requests can be made to the red sox foundation's executive director.”

“Other contributions - license plate revenue the red sox foundation (rsf) receives payments from states related to a license plate program in which the state sells license plates to the general public which contain the red sox baseball club logo. A portion of the amount paid by the general public to the state is given to rsf. Form 990, part x, line 11 publicly traded securities the amounts included in this category include diversified funds. The red sox foundation does not directly hold any public or private equities.”

“Our communities in need throughout new england by improving their health, educational and recreational opportunities. Form 990, part vi, question 1b number of independent board members the red sox foundation was set up with less than 50% independent board. The foundation was founded by the owners of the red sox baseball club, a related entity, and the board consists of a majority of voting members with ties to the red sox baseball club and that are not considered independent voting members. The structure has not changed since the organization applied for and received its irs determination letter.”

“The investment committee, consisting of three members of the board of directors, assumes responsibility for the oversight of the audit of the financial statements.”