Global Blood Fund

“Obi holding company is the sole member of gbf and has the authority to appoint board members.”

“Obi holding company is the sole member of gbf and has the authority to appoint board members.”

“Gbf's form 990 is prepared by an independent accounting firm and reviewed internally prior to distributing to the board. Subsequent to review, all updates are incorporated into the form 990 and are provided to board members prior to filing with the irs.”

“Gbf has a conflict of interest policy that establishes guidelines and procedures applicable to transactions or arrangements that might benefit the private interest of an officer or trustee of the organization. Individuals considering a transaction shall appoint a disinterested person to investigate alternatives to the proposed transaction. If a more advantageous transaction or arrangement is not reasonably attainable under the circumstances that would not give rise to a conflict of interest, the board or committee shall determine, by a majority vote of the disinterested trustees, whether the transaction or arrangement is in the best interest of the organization and whether the transaction is fair to the organization. Each trustee, officer, and member of a committee with board delegated powers shall annually sign a statement which affirms that such a person has received a copy of the conflict of interest policy, has read and understands the policy, has agreed to comply with the policy and understands that the organization is a charitable organization and that in order to maintain its federal tax exemption, it must engage primarily in activities which accomplish one or more of its tax-exempt purposes. If the board or the committee has reasonable cause to believe that an interested person has failed to disclose a conflict of interest as required by this policy, the board or committee shall inquire, investigate and take appropriate disciplinary and corrective action, as necessary.”

“The volunteer board members and officers are compensated by a related organization. No part of the related entity compensation is for services rendered to the filing organization. The executive compensation for those individuals is paid by a related organization (oklahoma blood institute -"obi") of gbf's sole corporate member. The obi policy is as follows: as leaders of the state's largest biopharmaceutical organization, a 900-plus staff entity, the roles of ceo and other physicians and executives require a rare blend of astute organizational leadership, vision, fiduciary management, advanced medical specialization and expertise in the unique scientific field of transfusion medicine. Executives have responsibility for fifteen operational facilities across three states and ten major markets in the region and the day-to-day provision of a safe and sufficient blood supply to meet the needs of patients in more than 212 facilities served. The compensation of the ceo is determined by the executive committee of the board of directors comprising community leaders, business executives and physicians with exemplary ethical and fiduciary standards. Ceo compensation is based on comparative salary data from similar health care organizations using irs form 990s and industry salary surveys. Similarly, compensation for executives reporting to the ceo is proposed by the ceo based on comparable national and local salaries for positions and approved by the executive committee. Changes to compensation are reviewed and formally approved annually by the executive committee of the related organization's board of directors. Gbf's contract executive director is an independent contractor. His compensation is reviewed and approved by the board.”

“The governing documents are made available upon request.”

“Gbf established a u.k. Based office in london where the contract executive director is located. Activities in the london office include grant writing, administration and development of infrastructure to facilitate the transfer of equipment to developing countries.”

“Foreign account to support the u.k. Office, the company established a banking account to receive donations and pay operating expenses. All transactions into and from the account are controlled by board members of the organization from the u.s.”