The Norml Foundation

“The governing body may designate from among its members one or more executive committees with the authority to act on behalf of the governing body.”

“A complete copy (including all of schedule b) of the form 990 is provided to the entire organization's governing body before it is filed.”

“Interested person: any director, principal officer, or member of a committee with governing board delegated powers who has a direct or indirect financial interest, as defined below, is an interested person. Financial interest: a person has a financial interest if the person has, directly or indirectly, through business, investment, or family: (a) an ownership or investment interest in any entity with which the norml foundation has a transaction or arrangement, (b) a compensation arrangement with the norml foundation or with any entity or individual with which the norml foundation has a transaction or arrangement, or (c) a potential ownership or investment interest in, or compensation arrangement with, any entity or individual with which the norml foundation is negotiating a transaction or arrangement. Compensation: includes direct and indirect remuneration as well as gifts or favors that are not insubstantial. A financial interest is not necessarily a conflict of interest. A person who has a financial interest in this policy is based on the internal revenue service ("irs") model conflict of interest policy, which is an attachment to form 1023. This policy adds information needed to allow the norml foundation to assess director independence in order to answer questions on form 990. A conflict of interest exists only if the board or executive committee decides that a conflict of interest exists in accordance with this policy. Independent director: a director shall be considered "independent" for the purposes of this policy if they are "independent" as defined in the instructions for the irs 990 form or, until such definition is available, the director: (a) is not, and has not been for a period of at least three years, an employee of the norml foundation or an employee of any entity in which the norml foundation has a financial interest; (b) does not directly or indirectly have a significant business relationship with the norml foundation, which might affect independence in decision-making; (c) is not employed as an executive of another corporation where any of the norml foundation's executive officers or employees serve on that corporation's compensation committee; and does not have an immediate family member who is an executive officer or employee of the norml foundation or who holds a position that has a significant financial relationship with the norml foundation. Duty to disclose: 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 board or executive committee. Recusal of self: any director may recuse themself at any time from involvement in any decision or discussion in which the director believes they may or may not have a conflict of interest without going through the process for determining whether a conflict of interest exists. Determining whether a conflict of interest exists: after disclosure of the financial interest and all material facts, and after any discussion with the interested person, they shall leave the board or executive committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or executive committee members shall decide if a conflict of interest exists. Procedures for addressing the conflict of interest: (a) an interested person may make a presentation at the board or executive committee meeting, but after the presentation, they shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest. (b) the chairperson of the board or executive committee shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. (c) after exercising due diligence, the board or executive committee shall determine whether the norml foundation can obtain with reasonab”

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