University of Florida Development Corporation

“Ufdc does not currently have any committees.”

“The completed form 990 will be reviewed by the director, office of real estate and office assistant. A final copy of the form 990 will be provided to the governing board members for their records.”

“Each director, officer, and member of a committee (if applicable) with board-delegated powers must annually sign a statement affirming receipt of the conflict of interest policy, he/she has read and understands the policy, agreement to comply with the policy, and his/her understanding that the corporation is a charitable organization and must engage primarily in activities that accomplish its tax-exempt purposes. In connection with any actual or possible conflicts of interest, any director or officer or member of a committee (if applicable) with board-delegated powers must promptly disclose to the secretary of the corporation the existence of his or her financial interest and all material facts, and the information will be provided to the directors and committee members (if applicable) considering the proposed matter. The remaining board or committee members (if applicable) decide whether a conflict of interest exists and, if applicable, whether a waiver of the conflict of interest or recusal is the appropriate means of addressing the conflict of interest. If the board has reasonable cause to believe a member has failed to disclose actual or potential conflicts, the board will take appropriate action.”

“The board reviews and approves the compensation for the top management official.”

“All applicable forms, governing documents, policies, and financials are available to the public upon request.”

“Innovation square, llc is a single member, limited liability company (disregarded entity), organized august 13, 2012, for charitable, educational, and scientific purposes and exclusively to further the charitable purposes of its members, university of florida development corporation (ufdc) and shands teaching hospital and clinics, inc. The members of innovation square, llc's governing board are identical to those of ufdc's governing board, and ufdc is the sole member and vested with operational responsibility of innovation square, llc. Innovation square, llc is a blended component unit of ufdc.”