Pact Global Microfinance Fund

“Members of governing body are selected by pact inc. Executive committee.”

“Once pact global microfinance fund's form 990 is completed by the tax preparer, it is reviewed in detail by the chief operating officer (coo) of pact inc., a related organization, as pgmf is no longer in operation. Once the coo is satisfied that the return is complete and accurate, it is reviewed by pgmf's treasurer. Pgmf's irs form 990 is shared with the finance and audit committee in draft form and is also provided to its board of directors prior to filing.”

“All employees, officer and directors are required to sign a conflict of interest policy upon joining pgmf. It is the duty of pgmf directors, officers, and employees to update and raise any potential conflicts of interest during their tenure at pgmf. Pgmf directors and senior management must raise potential conflicts and submit their pgmf conflict of interest disclosure form to the pact general counsel and/or board secretary, who then review to determine if a conflict exists. Pgmf ceased operations in fy23; therefore, pgmf no longer has employees.”

“Pact global microfinance fund no longer has employees. The last employees left in fy23 when the organization ceased operations. The employees with compensation from the organization as noted within part vii and schedule j represent 2023 salaries and retention bonuses. Pgmf was a microfinance business and, as such, followed the standards of the microfinance industry for salaries and retention payments. Pgmf operations began to wind down in january 2023. The retention payments were required to retain pgmf senior management through the close out of operations.”

“How documents are made available to the public pgmf's irs determination letter is available upon request. Pgmf's annual reports, audited financial statements and 990s are available upon request, as well as on pact's website.”

“The names of the individuals who received retention payments are not included here due to safety and security concerns in myanmar.”

“Other: program service expenses 0. Management and general expenses 29,463. Fundraising expenses 0. Total expenses 29,463.”

“WWW.PACTWORLD.ORG”