Union City Education Foundation Inc

“Two of the individuals serving on the board of directors are married. There is great care taken to see that this family relationship does not influence decisions made by the board.”

“A review of all activity presented in the 990 is made by al officers of the entity to assure accuracy.”

“Conflict of interest concer arises if a board member's participation within the foundation appears to directly benefit the board member in personal or business activities outside the scope of the foundation. Such benefits can be financial, enhancement of stature or influence or any such benefit raised as a matter of concern by any other board member. -the core concern of conflict of interest is that foundation decision-making would be affected by the opportunity to secure outside benefit vs. Focused solely on the best interest of the foundation. -a prospective board member must divulge potential conflict interest issues, allowing board consideration and approval before the member's term begins. -an existing board member should divulge any new developments that raise potential conflict issues. -immediately upon learning of a potential conflict of interest, the president shall personally and with assistance of the executive committee investigate the facts. Unanimous agreement of the executive committee is sufficient to request resignation or immediate cesssation of the conflict-causing activity. -conflict of interest is discussed as a board topic at least annually and board members are asked to review and divulge any relevant issues.”

“No officer will be remunerated for their time spent working on the board. They may receive a small stipend for services rendered the organization, but not their position as an officer of the organization.”

“All documents including governing documents, 990 tax returns and support for grants and scholarships given are available to the public at the office in union city indiana.”