Tiaa Charitable Inc

“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 makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“Form 990, page 6, part vi, line 3 tiaa charitable has ended its administration of donor-advised funds and has selected the renaissance charitable foundation to take over as the sponsoring charity of its giving fund accounts. See schedule n. Form 990, page 6, part vi, line 3 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 2021 is $580,966. 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 COMPANY USED THE LIQUIDATION BASIS OF ACCOUNTING FOR THE YEAR ENDED may 14, 2021. UNDER THE LIQUIDATION BASIS OF ACCOUNTING, ASSETS AND LIABILITIES ARE STATED AT FAIR VALUE, WHICH APPROXIMATES NET REALIZABLE VALUE.”

“The cash consideration exchanged for services between tiaa - founder and tiaa charitable was $1,024,875.”