Collington Foundation Inc.

“The executive committee shall have the authority and power to act for and on behalf of the board in all matters, subject only to the limitations contained in these bylaws or the maryland general corporation law. Meetings of the executive committee shall be held at such intervals as may be determined appropriate by the board or by the executive committee. The executive committee shall cause minutes of each of its meetings to be prepared for distribution at the next regular meeting of the board.”

“The sole member of the corporation is collington episcopal life care community, inc., a maryland nonstock corporation.”

“The organization's governing body will review and approve the form 990 prior to the form being filed.”

“A conflict of interest is defined as a person who has an "interest" in a contract or other transaction if he or she is the party (or one of the parties) contracting or dealing with the corporation, or is a director, trustee or officer of, or has a significant financial or influential interest in, the entity contracting or dealing with the corporation other than corporations, partnerships, joint ventures, or other entities owned, controlled, or managed by the corporation. The organization enforces the written conflict of interest policy by annually being reviewed and executed by the board members and senior staff members. The individuals that are covered by this policy are directors, officers, key employees and committee members. Any director, officer, key employee or committee member having a interest in a contract or other transaction with the corporation shall disclose such interest to the board or a committee thereof for consideration, authorization, approval, or ratification and shall make a prompt, full and frank disclosure of his or her interest to the board or committee prior to its acting on such contract or transaction. Such disclosure shall include any relevant and material facts, known to such person, about the contract or transaction, which might reasonably be construed to be adverse or potentially adverse to the corporation's interest. The body to which such disclosure is made shall thereupon determine, by majority vote, whether the disclosure shows that a conflict of interest exists or can reasonably be construed to exist. If a conflict is deemed to exist, such person shall not vote on, nor use his or per personal influence on, nor participate (other than to present factual information or to respond to questions) in the discussions or deliberations with respect to, such contract or transaction. Such person may be counted in determining the existence of a quorum at any meeting where the contract or transaction is under discussion or is being voted upon. The minutes of the meeting shall reflect the disclosure made, the vote thereon and, where applicable, the abstention from voting and participation, and that a quorum was present.”

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

“This process has not changed from the prior year.”