National YMCA Employee Benefits Trust

“The Management Committee has been established by the National Council of YMCAs of the USA and has been delegated all of the plan administrative and certain of the plan sponsor (settlor) authority and responsibility under the YMCA Employee Benefits Plan.”

“The National Council of YMCAs of the USA has the authority to appoint the trustee and members of the YMCA Employee Benefits Plan management committee which have the fiduciary responsibility for management of the plan and investments.”

“The Northern Trust Company 50 South LaSalle Street Chicago, IL 60603”

“The National YMCA Benefits Trust Form 990 was prepared and reviewed by the staff of the benefit plan of the National Council of YMCAs of the USA, which is the sponsor of the benefit plans funded by the trust, prior to external review by an outside accounting firm. The return was then reviewed by the National Council of YMCAs of the USA's audit committee, which is delegated the task of the review of the 990, prior to being filed.”

“The Trustee has adopted a code of business conduct and ethics that includes a section on conflict of interest. The Trustee requires key staff members to annually (A) disclose their outside connections and ownership interest in a conflict of interest policy disclosure and return it to the office of the general counsel and (B) affirm that they have reviewed and are in compliance with a number of the trustee's policies including the code of business conduct and ethics and its guidelines relating to standards of conduct, which also includes a section on conflicts of interest. Potential conflicts of interest are disclosed immediately.”

“The YMCA Benefit Plan governing documents and financial statements are made available to the public upon request. The YMCA Benefit Plan's conflict of interest policy is not made available to the public. The conflict of interest policy, whistle-blower policy, and document retention and destruction policy are the policies of the trustee, The Northern Trust Company.”

“The National YMCA Employee Benefits Trust is established under the National Council of YMCAs of the USA's Benefit Plan to hold plan assets. The National YMCA Employee Benefits Trust itself is not audited, but its net investment income is audited as part of the Employee Benefit Plan audit.”