Tiaa Charitable Inc

“The board of directors of tiaa charitable manages its activities. The board has retained tiaa pursuant to a master service agreement under which a range of necessary services are provided to tiaa charitable including the services of its officers and other employees. The current value of the services provided as of the taxable year ended 2018 is $3,195,549. The contract between tiaa charitable and tiaa is reviewed by the board regularly to ensure that the terms are fair and that fees paid are reasonable. Other service providers will be retained to provide services necessary to allow tiaa charitable to fulfill its mission.”

“The form 990 will be provided to members of the governing body. Prior to its presentation to the board and subsequent filing, tiaa charitable engages an outside firm for purposes of preparing form 990 and tiaa charitable conducts a detailed review of the form.”

“Each director, officer, and member of a committee of the board must sign annually a statement affirming that such person has received a copy of the tiaa charitable conflict of interest policy (the "policy"). In addition, these parties must complete and sign a disclosure statement regarding conflicts which, among other things, requires disclosure of the name or entities in which the party has a material financial interest that are conducting business with tiaa charitable. The secretary will review the information contained in the statements and periodically distribute reports to all directors who will take appropriate action. In addition, the conflict of interest policy requires any director or officer with a conflict to promptly disclose conflicts and interested directors to recuse themselves from matters where they have a conflict.”

“Tiaa charitable's irs forms 990 are also available on guidestar.org.”

“Tiaa charitable makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. Part vii, section a title for marjorie pierre-merritt: secretary (until 10/18) / assistant secretary (from 10/18) title for heline beach: senior director (until 3/18) / vice president (from 3/18) title for chris carnal: vice president (until 3/18) / president/ceo/chairman (from 3/18)”

“Tiaa has agreed to provide funding to tiaa charitable, inc. In the form of an interest-free financing agreement. The financing arrangement is provided on a unsecured basis with specific mandatory repayment terms. The original principal of the loan payable is $13,500,000.”

“The cash consideration exchanged for services between tiaa - founder and tiaa charitable was $2,396,662.”