The Stanley Fund for the Broad Institute

“Trustees stephen jones and jonathan stanley have a business relationship. Trustees todd golub, steven e. Hyman, and morgan sheng have a business relationship.”

“There are no committees with authority to act on behalf of the governing body.”

“The stanley fund for the broad institute's form 990 was prepared with the assistance of the fund's tax preparer, aafcpas, inc.. The draft form 990 was provided to all trustees for review and comment prior to the form being filed with the irs.”

“Each trustee is required to annually acknowledge his/her familiarity with the conflict of interest policy and disclose in writing any existing financial or other material interests subject to this policy by completing a conflict of interest disclosure statement. The conflict of interest disclosure statements are reviewed annually by the trustees. Discussion and actions taken, if needed, related to the conflict of interest disclosure are held at trustee meetings.”

“No compensation is paid by the stanley fund for the broad institute.”

“The form 990 is made available upon request and on guidestar.org. The form 1023 is made available upon request.”

“The organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request.”

“Trustee steven e. Hyman is a core member of the broad institute who receives no compensation from the stanley fund for the broad institute or related organizations.”

“The stanley fund for the broad institute (the "fund") was established under a trust agreement by the settlor and trustees on april 22, 2014. The fund was established as a type i supporting organization of the broad institute, inc., a biomedical research institute created through collaborative efforts of the massachusetts institute of technology and harvard university ("the broad"). The broad's overall mission is to propel progress in biomedicine through research aimed at the understanding and treatment of disease, and the dissemination of scientific knowledge to the scientific community to benefit the public. One of the broad's research areas is psychiatric diseases. In that area, the broad operates the stanley center for psychiatric research ("the stanley center"), which has the specific mission "to reduce the burden of serious mental illness through research." the stanley center carries on work in collaboration with investigators throughout the world. The fund provides financial support for the activities of the stanley center at the broad. It is managed by a board of trustees. The fund's activities are the investment of assets and the payment of funds to the broad in support of its charitable and scientific purposes under the direction of the trustees selected by the broad.”

“This process has not changed from the prior year.”