Wisconsin Trust Account Foundation Inc

“The president of the state bar of wisconsin shall appoint, with the approval of the state bar of wisconsin board of governors, 9 attorney directors and 3 nonattorney directors. The chief justice of the wisconsin supreme court shall appoint 3 directors from the wisconsin judiciary.”

“The executive director and treasurer will review the reports prior to filing them to ensure that they are accurate and do not indicate any potential problems with the foundation's tax status or fundraising license.”

“In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of committees with governing board delegated powers considering the proposed transaction or arrangement. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists. An interested person may make a presentation at the governing board or committee meeting, but after the presentation, he/she shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest. The chairperson of the governing board or committee shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. After exercising due diligence, the governing board or committee shall determine whether the corporation can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. If a more advantageous transaction or arrangement is not reasonably possible under circumstances not producing a conflict of interest, the governing board or committee shall determine by a majority vote of the disinterested directors or members whether the transaction or arrangement is in the corporation's best interest, for its own benefit, and whether it is fair and reasonable. In conformity with the above determination it shall make its decision as to whether to enter into the transaction or arrangement. If the governing board or committee has reasonable cause to believe a member or employee has failed to disclose actual or possible conflicts of interest, it shall inform the member or employee of the basis for such belief and afford the member an opportunity to explain the alleged failure to disclose. If, after hearing the member's or employee's response and after making further investigation as warranted by the circumstances, the governing board or committee determines the member or employee has failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action.”

“Executive director compensation is compared to available data from the national association of iolta programs (naip) to best determine compensation levels.”

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

“Funding for the foreclosure prevention/community redevelopment grants expired during 2024.”