Golden State Community Foundation

“Joe lacob, director, nicole lacob, president, and molly lacob, director, have a family relationship.”

“The organization amended its bylaws to increase number of directors to accommodate currently intended size of board, increase length of director term of office from one to three years, add provisions allowing for kaiser foundation and lacob board designees, acknowledge that executive director may be elected to the board, and make modification to automatic removal of director who fails to attend meeting to allow reappointment.”

“Kaiser foundation health plan inc, is entitled to designate one director and his or her successors to each serve for a term but not to exceed three years.”

“The form 990 was reviewed by the organization, the warriors' cfo, and all directors prior to filing.”

“On an annual basis, each member of the board of directors is required to sign a resolution which affirms that each director: has received a copy of the conflicts of interest policy; has read and understands the policy; has agreed to comply with the policy; and understands that the company is charitable and 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 it is revealed that there is a potential conflict of interest transaction, then the board or a committee of the board may vote to approve the transactions, but first it must confirm that the transaction is in the best interest of the organization and after reasonable investigation under the circumstances, the board determines, in good faith, that the foundation could not have obtained a more advantageous arrangement with reasonable effort. Documentation of the results of the investigation shall be retained in the board minutes.”

“All compensation arrangements for the company's directors, officers, highest compensated employees and highest compensated independent contractors shall be approved in writing by a majority of the directors, excluding any director prohibited from participating in such decision pursuant to the company's conflict of interest policy, in advance of paying such compensation. All decisions regarding the compensation arrangements for the company's directors, officers, highest compensated employees and highest compensated independent contractors shall be based on information about compensation paid by similarly situated taxable or tax-exempt organizations for similar services, current compensation surveys compiled by independent firms or actual written offers from similarly situated organizations. The directors shall cause to be documented in writing the date and terms of any approved compensation arrangement, the information (including its source) relied upon in approving such arrangement and the names and signatures of the directors who approved such arrangement.”

“The organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request for the same period of time set forth in sec. 6104d.”