Sheboygan Senior Community Foundation Inc.

“The committees of the board of trustees shall be those committees created by resolution from time to time and shall have duties, powers and authority as designated in the establishing resolution. The committees shall have the authority to conduct between the meetings of the board, the business and affairs of the corporation and carry on the corporate operations, except as such action would result in expenditures or transfers of property from the corporation of more than fifty thousand dollars ($50,000).”

“The form 990 is prepared by an independent cpa with information provided by management. When the form has been completed, the 990 is reviewed by the board prior to filing.”

“Each trustee shall disclose to the board of trustees duality of interest or possible conflict of interest, whenever the duality or conflict pertains to a matter being considered by the board. Any trustee having duality of interest or conflict of interest on any matter, shall abstain from voting on the matter and shall not be counted in determining the quorum for the vote on the matter. The minutes of the meeting involving any such situation shall reflect that a disclosure was made, the abstention from voting and the quorum situation. Failure to disclose duality of interest or conflict of interest while participating in the vote for board action shall be reason for removal from office. If a trustee is uncertain as to whether he or she has a duality or conflict of interest which requires abstention, or if a trustee asserts that another trustee has such duality or conflict, the board, by majority vote of those present, other than the trustee having the possible conflict, shall decide whether abstention is required. If so, the trustee shall be deemed to have abstained.”

“These documents are available upon request.”