Asbury Foundation Inc

“The executive committee of the board of directors can act in place of the board between meetings. All members of the executive committee are members of the board of directors.”

“The sole member of asbury foundation, inc. Is asbury communities, inc., a non-profit, non-stock, maryland corporation.”

“Asbury communities, inc., the sole member of asbury foundation, inc., delegates review of the form 990 to its audit, finance, and investment committee (afic) which performed its review on 10/29/25. Additionally, the asbury communities, inc. And asbury foundation, inc. Board of directors were forwarded a copy of the draft 990 for review and were provided a link to a recording of the afic meeting if members chose to listen to the meetings as they reviewed any of the form 990s. All directors may pose questions or ask for clarification from staff and the afic.”

“The asbury communities conflict of interest policy was approved by the board of directors. The compliance officer is responsible for the policy and oversees the implementation of the process. All the entities within the asbury communities system are subject to the policy. Annually, the compliance officer conducts a comprehensive conflict disclosure process covering all members of the governing boards, system wide committees, and individuals in management positions. Each person completes a conflict of interest disclosure form and is advised of their fiduciary obligations. The compliance officer, who had a direct reporting line to the chair of the governance and nominations committee and reports quarterly to the governance and nominations committee, analyzes all disclosure forms for potential conflicts, and prepares a report for the system-wide governance and nominations committee. A report was made to the board that there were no conflicts during 2024. When an actual or potential conflict of interest arises involving a board or committee member, the governance and nominations committee is informed and will follow specific protocol outlined in the conflict of interest policies and procedures.”

“The foundation board executive committee reviews the organization's progress towards key performance indicators selected for incentivizing performance of disqualified persons through a performance based-compensation program. On an annual basis, the foundation board executive committee specifically reviews the compensation and benefits of the ceo using the data gathered by staff in order to support their decision making process regarding the foundation ceo's compensation. The fllowing process is used by asbury communities, inc., a related organization, for determining compensation of the organization's officers: on an annual basis, the compensation committee relies on staff feedback and the data and recommendations provided by an external compensation consultant to ascertain the reasonableness of compensation and benefits of all of the direct reports of the ceo and other potentially disqualified persons. In addition, the compensation committee reviews the organization's progress towards key performance indicators selected for incentivizing performance of disqualified persons through a performance based-compensation program. Quarterly, the compensation committee reviews updates to the overall benefits and compensation plan for the organization as well as progress on the organization's strategic goals. The compensation committee charter, the executive compensation philosophy, and the executive incentive plan were reviewed most recently in 2024.”

“Financial statements are available for public viewing on the website. Governing documents and conflicts of interest policy are available upon request.”

“The officers that have compensation from related organizations reported in part vii, section a, column e of the form 990 provide executive management support and overall guidance to asbury foundation, inc. As well as the other related and supported organizations of asbury communities, inc. There are over 2,100 total employees in the asbury communities, inc. System. The 2024 consolidated audited financial statements for asbury communities, inc. Had total revenues in excess of $299 million and total assets in excess of $647 million.”

“Change in value of deferred giving arrangements -373,003. Fundraising loss 20,144. Transfers to acomm -1,878,160.”

“There has been no change in oversight process from the prior year.”