Swtc Real Estate Foundation Inc.

“The board of directors by resolution adopted by the affirmative vote of a majority of the directors, may designate one or more committees, each committee to consist of three or more members of the board of directors who shall be appointed by the president of the corporation to exercise, when the board of directors is not in session, the powers the board of directors delegates to such committee or committees. The president may also appoint one or more members of the board of directors as alternate members of any committee who may take the place of any absent member or members at any meeting of such committee upon request by the president or the chair of such committee. Each committee shall fix its own rules governing the conduct of its activities and shall make such reports to the board of directors of its activities as the board of directors may request.”

“The chief management duties of the organization are performed by employees of southwest wisconsin technical college. Dennis r. Cooley (executive director of advancement of southwest wisconsin technical college) managed the organization.”

“The southwest wisconsin technical college foundation, inc. Is the sole member of the real estate foundation.”

“The southwest wisconsin technical college foundation, inc. Shall appoint the directors of the real estate foundation.”

“Form 990 is reviewed and approved by the vp of administrative services and the executive director of advancement of southwest wisconsin technical college and swtc real estate foundation, inc before the return is filed with the irs.”

“The organization's conflict of interest policy covers all of its directors and principal officers, as defined in the policy. Any director, principal officer, or member of a committee with broad authority to act on behalf of the governing body who has a direct or indirect financial interest, as defined in the policy, is considered an interested person. In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors considering the proposed transaction or arrangement. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she must leave the meeting of the governing body while the determination of a conflict of interest is discussed and voted upon. The remaining directors will decide if a conflict of interest exists. An interested person may make a presentation at the meeting of the governing body, but after the presentation he/she must leave the meeting during the discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest. After exercising due diligence, the governing body will determine whether the organization can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. To ensure the organization operates in a manner consistent with charitable purposes and does not engage in activities that could jeopardize its taxexempt status, the organization will conduct periodic reviews of, but not limited to, whether partnerships or other arrangements with third parties conform to the organization's written policies, are properly recorded, reflect reasonable investment or payments for goods and services, further charitable purposes and do not result in inurement, impermissible private benefit, or in an excess benefit transaction.”

“The organization made its governing documents, conflict of interest policy, and financial statements available to the public on southwest wisconsin technical college's website as well as upon request.”