Michigan State Bar Foundation

“MEMBERSHIP ORGANIZATION”

“Trustees are elected by the members or appointed as per organization's articles of incorporation”

“The completed 990 and related schedules are reviewed by the deputy director and executive director for accuracy and completeness. Upon their approval, the return is made available to the board in electronic format. After any corrections or changes are made, the return is filed with the irs.”

“Compliance with the conflict of interest policy is regularly monitored and enforced. Disclosure of conflicts is required on an ongoing basis. In addition, members with a conflict of interest are required to report the conflict. Board minutes will reflect that disclosure was made, that the interested member abstained from voting, the interested member's presence was not counted in determining a quorum, and, if necessary to avoid the conflict, the basis used by the board for making the decision shall be recorded. Board members must also sign the conflict of interest policy annually, acknowledging its receipt, and noting any conflicts known at that time.”

“The foundation uses a compensation consultant to provide guidance based on periodic detailed studies regarding market-based salary ranges for the foundation's specific staff positions. The consultant also provides annual information regarding appropriate salary adjustments for staff positions. This is consistent with the foundation's board-adopted policy to use market-based compensation. The board determines the specific salary of the executive director, who determines the salaries of other staff. The board also approves an aggregate salary amount in the budget for total compensation expenses. Michigan state bar foundation does not pay any employees. The executive director is compensated by the state bar of michigan. The deputy director is a leased employee.”

“These documents are available upon request”

“Michigan state bar foundation has a committee that assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant. This process has not changed from the prior year.”

“The receipt, holding, investment, re-investment and expenditures of gifts, donations, bequests, devises, membership contributions, and all other funds which may be received from any other source, together with all income therefrom for the advancement of the science of jurisprudence, the promotion of improvements in the administration of justice and uniformity of judicial proceedings and decisions, the elevation of judicial standards, the advancement of professional ethics, the improvement of relations between members of the bar, the judiciary and the public and the preservation of the american constitutional form of government, exclusively through education, scientific research and publicity, the furtherance of the delivery of legal services to the poor, and such purposes as may be necessary and proper to promote improvements in the administration of justice in the state of michigan, the acquisition for such purposes of such real and personal property as shall, from time to time, be necessary, and owning, holding, mortgaging, investing, re-investing, leasing and managing of such property, and the doing of any and all things necessary or incident to the best accomplishment of all the foregoing purposes, provided, however, that none of the funds, property or income of the corporation shall at any time be used in attempting to influence legislation or action by any public officer or the courts by the carrying on of propaganda or otherwise for the private benefit of any member of the corporation or any other private individual or corporation. To accomplish the foregoing objectives the corporation shall also have the right to act as trustee of any funds or property that it may receive under specific or limited gifts, grants, devises, bequests, or agreements, and shall have the right to receive, hold and manage the same under any terms and conditions therein imposed which are clearly within the objectives above as set forth.”

“Employer identification number: 38-1459016 for the year ending september 30, 2014 michigan state bar foundation, hereby elects, pursuant to irc sec. 168(k)(2)(d)(iii), not to claim the additional 100% depreciation allowable under irc sec. 168(k) for the following qualifying property placed in service during the tax year ending september 30, 2014. All property in the 5 year class. See attached form 4562”