Frederik Meijer Gardens & Sculpture

“The meijer foundation has the right to appoint two additional directors at any time.”

“The form 990 is reviewed in detail by the treasurer and one member of the investment committee prior to filing the 990. The form 990 is made available to all members of the investment committee.”

“Policy: each director or officer of the foundation shall conduct his or her activities to avoid entering into a position where he or she has a material personal interest with respect to any activity or decision which is, or appears to be, in conflict with the interest of the foundation because of his or her knowledge of, influence over, or status at the foundation. If a director or officer is aware of a possible conflict of interest, the individual is responsible for disclosing the potential conflict to the president of the foundation, and recusing himself/herself from any related actions by the foundation. The board will discuss the matter without the individual present, determine if a material conflict of interest exists, and determine next steps. The foundation recognizes the value and right of individuals to be involved in other charitable activities as citizens of the community. This policy does not restrict involvement in other charitable organizations; nor does it restrict monetary or non monetary gifts to other charitable organizations and as such do not need to be disclosed. Interpretation: a conflict of interest is defined as any situation in which an individual has, or could have, conflicting motivations or responsibilities, the resolution of which could be to the detriment of the foundation or could result in gain or the appearance of material gain to the individual. Conflict of interest includes, but is not limited to: - any material direct or indirect conflict, negotiation or business dealings with the foundation; - any direct or indirect position or material financial interest held in an outside for-profit concern that does business with the foundation, and that is material to either the outside concern or the foundation; - any material gifts, monetary awards, payments, services or special privileges that are dispensed to or are received or solicited from any outside for-profit concern that does business with the foundation, and that is material to either the outside concern or the foundation; and - any disclosure or use of confidential information relating to the foundation for the material benefit, advantage or profit of either the individual or an outside concern provided it is detrimental to the foundation. Process: the foundation's secretary annually shall solicit from its directors and officers their disclosure of all known existing conflicts of interest involving the foundation. In addition, each director and officer must disclose to the president and the secretary the nature and extent of business dealings of any actual or potential conflict of interest immediately upon it becoming apparent, and immediately recuse himself or herself from any related foundation business. 1.once disclosure of a conflict of interest situation is made, the board of directors will determine if this policy is or may be violated and what action ought to be taken to avoid or eliminate the actual, potential, or perceived conflict. The board may request additional information from any individual associated with the foundation to assist in making a decision. 2.once the board makes a determination of actual, potential, or perceived conflict of interest, its determination is effective unless and until altered circumstances or new developments later cause the board to alter its determination. 3.an individual whose activity or personal interest is determined to cause an actual, potential, or perceived conflict of interest must avoid or eliminate such conflict to the board's satisfaction. Failure to avoid or eliminate the conflict violates this policy and may result in removal from the board or committees or other appropriate action. Annually, each director and officer must sign a statement affirming that he or she: (a)received a copy of the conflicts of interest policy, (b)has read and understands the policy, and (c)agrees to comply with the policy. (d)if board members have any questions regarding whether he or she has a conflict, they”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“The frederik meijer gardens & sculpture foundation is a single purpose foundation with an endowment fund to support the frederik meijer gardens & sculpture park. The most significant activities for the year were the investment decisions for the endowment fund.”

“All lines left blank are not applicable to the organization.”