University of Central Missouri Foundation

“The following board member positions are appointed to the organization's board: 1. One member of the university of central missouri's board of governor's, as designated by the president of the board of governor's. 2. The president of the university of central missouri, or a representative of their choosing. 3. The chief development officer for the university of central missouri serves as the executive director of the foundation and is appointed by the president of the university.”

“The form 990 is prepared by an independent accounting firm based on the audited financial statements and information provided by the accounting department of the organization. The form 990 will initially be internally reviewed. After this review, the public disclosure copy will be presented to the audit committee at its committee meeting. After the audit committee approves the public disclosure copy, it will be emailed to all other members, allowing for the opportunity to ask questions, make comments, or request changes before the filing of the final form 990.”

“Board officers and members must file an annual written disclosure statement for any conflict of interest. A conflict of interest disclosure form is distributed to the officers and members annually at a board meeting. Before a board member begins his or her service with the foundation, he or she shall file with the governance committee (committee) of the foundation a list of his or her principal business activities, as well as involvement with other charitable and business organizations, vendor or business interest, or with any other associations that might produce a conflict of interest. In addition to the disclosure required by the previous paragraph, each member is under an obligation to the foundation, to his or her fellow volunteers, and to the university served by the foundation to inform the foundation of any position he or she holds or of any business or a vocational activity that may result in a possible conflict of interest or bias for or against a particular grantee, action or policy, at the time such grant, action or policy is under consideration by the board. Any duality or possible conflict of interest on the part of any member shall be disclosed the committee and made a matter of record as soon asthe issue in question is raised and a possible conflict is known. When the board is to decide upon an issue about which a member has an unavoidable conflict of interest, that member shall physically absent herself or himself without comment from not only the vote, but also from the deliberation, unless directly requested by the (president) or relevant committee to provide factual information or answer factual questions that may assist the board or committee in making a wise decision. In no case shall that board member vote on such matter or attempt to exert personal influence in connection therewith. Disclosure and abstention shall be recorded in the minutes of the meeting(s) at which the issue is discussed and decided. In any situation not specifically covered by the previous sections of this policy, members shall consider carefully any potential conflict of their personal interest with the interests of the foundation and refrain from any action that might be perceived as an actual or apparent conflict of interest.”

“The foundation makes its governing documents, policies and audited financial statements available to the public upon request. The foundation currently has its audited financial statements and policies on its website.”

“Individuals are employed and paid by the university of central missouri. Compensation and benefits paid to some university employees that provide services for the foundation are reimbursed by the foundation.”

“(Expenses $ 926,347 including grants of $ 926,347)(Revenue $ 101,559) UCM FOUNDATION PROVIDES SUPPORT TO ACADEMIC INSTRUCTIONAL AND DEPARTMENTAL PROGRAMS AS DESIGNATED BY THE DONORS.”

“ACTUARIAL LOSS ON ANNUITY OBLIGATIONS - -17548; Total - -17548;”