General Agents and Managers Conference

“The foundation shares personnel with finseca, an organization exempt from income tax under section 501(c)(6) of the internal revenue code. For the purposes of form 990 reporting, the compensation for all staff of the foundation reported on the form 990 was paid as part of reimbursed management fees included on form 990, part ix, line 11a.”

“The bylaws were amended during the year ending december 31, 2023, for the following governance changes: number and composition of voting members number and composition of officers role of membership in governance composition of audit committee”

“The sole member of the foundation is finseca, an organization exempt from income tax under section 501(c)(6) of the internal revenue code.”

“The sole member of the foundation has the power to appoint trustees to the board.”

“Amendments to the bylaws require approval by the sole member of the foundation.”

“The draft form 990 is reviewed by the vp, finance of finseca. The final copy is presented to the board of trustees.”

“The policy and its application shall be reviewed annually for the information and guidance of trustees and officers, each of whom has a continuing responsibility to scrutinize their transactions and outside business interests and relationships for potential conflicts of interest, and make such disclosures as described in this policy. As administered by the ceo, each trustee will be asked to complete a certification of agreement with the policy and disclosure of any known conflicts of interest upon his or her election or re-election to the board and annually thereafter. All certifications shall be reviewed by the executive committee.”

“The foundation shares personnel with finseca, an organization exempt from income tax under section 501(c)(6) of the internal revenue code. For the purposes of form 990 reporting, the compensation for the ceo of the foundation reported on the form 990, part vii was paid as part of reimbursement management fees included on form 990, part ix, line 11a. Finseca's executive committee reviews the ceo's salary annually. As deemed necessary by the executive committee, compensation studies may be performed to determine appropriate compensation. The deliberation and decision of the review are documented in the committee minutes. The ceo determines compensation of other officers or key employees of the organization.”

“The foundation does not make its governing documents available to the public. However, the financial statements are made available upon request.”