Lungevity Foundation Inc

“Andrea stern ferris, andrew stern, alexander stern and paul g. Stern - family relationship”

“Change in bylaws to remove "stern director", see article iii, section 2, number, tenure, and qualifications”

“The organization does not have any committees with the authority to act on behalf of the governing body.”

“Form 990 is reviewed by the organization's ceo and then shared with the board treasurer for review and any revisions. An appproved copy of form 990 is then circulated to all members of the board of directors for their files.”

“1. Full disclosure, by notice in writing, shall be made by the interested parties to the full board of directors in all conflicts of interest, including but not limited to the following: a. A board member is related to another board member or staff member by blood, marriage or domestic partnership. B. A staff member in a supervisory capacity is related to another staff member whom she/he supervises. C. A board member or their organization stands to benefit from an lungevity foundation transaction or staff member of such organization receives payment from lungevity foundation for any subcontract, goods, or services other than as part of her/his regular job responsibilities or as reimbursement for reasonable expenses incurred as provided in the bylaws and board policy. D. A board member's organization receives grant funding from lungevity foundation. E. A board member or staff member is a member of the governing body of a contributor to lungevity foundation. F. A volunteer working on behalf of lungevity foundation who meets any of the situations or criteria listed above. 2. Following full disclosure of a possible conflict of interest or any condition listed above, the board of directors shall determine whether a conflict of interest exists and, if so the board shall vote to authorize or reject the transaction or take any other action deemed necessary to address the conflict and protect lungevity foundation's best interests. Both votes shall be by a majority vote without counting the vote of any interested director, even if the disinterested directors are less than a quorum provided that at least one consenting director is disinterested. 3. A board member or committee member who is formally considering employment with lungevity foundation must take a temporary leave of absence until the position is filled. Such a leave will be taken within the board member's elected term which will not be extended because of the leave. A board member or committee member who is formally considering employment with lungevity foundation must submit a written request for a temporary leave of absence to the secretary of the lungevity foundation board, c/o the lungevity foundation's office, indicating the time period of the leave. The secretary of lungevity foundation will inform the chair of the board of such a request. The chair will bring the request to the board for action. The request and any action taken shall be reflected in the official minutes of the lungevity foundation. 4. An interested board member, officer, or staff member shall not participate in any discussion or debate of the board of directors, or of any committee or subcommittee thereof in which the subject of discussion is a contract, transaction, or situation in which there may be a perceived or actual conflict of interest. However, they may be present to provide clarifying information in such a discussion or debate unless objected to by any present board or committee member. 5. Anyone in a position to make decisions about spending lungevity foundation's resources (i.e., transactions such as purchases contracts) who also stands to benefit from that decision has a duty to disclose that conflict as soon as it arises (or becomes apparent); s/he should not participate in any final decisions. 6. A copy of this policy shall be given to all board members, staff members, volunteers or other key stakeholders upon commencement of such person's relationship with lungevity foundation or at the official adoption of stated policy. Each board member, officer, staff member, and volunteer shall sign and date the policy at the beginning of her/his term of service or employment and each year thereafter. Failure to sign does not nullify the policy. 7. This policy and disclosure form must be filed annually by all specified parties.”

“The finance committee and governance committee of the board of directors of the lungevity foundation determined the compensation of the chairman / ceo several years ago and there has been no change since. All members of these two committees were free of conflicts of interest and the group consisted of a number of accomplished business leaders who are quite capable to independently determine compensation for a senior organization official. They used a number of factors in order to determine compensation, including (1)their understanding of relevant compensation programs in both the for-profit and nonprofit sectors, (2) compensation surveys for nonprofit executives managing similar sized organization provided by industry employment and benefits consultants and (3) evaluation and performance metrics to judge the performance of the foundation.”

“All governing documents and conflict of interest policy are available to the public upon request. Financial statements are available on the organization's website or upon request.”