Equipment Leasing & Finance

“The power to approve and remove members of the governing body and officers of the foundation is vested with the board of directors or executive committee of the equipment leasing and finance association, a related entity.”

“The power to approve and remove members of the governing body and officers of the foundation is vested with the board of directors or executive committee of the equipment leasing and finance association, a related entity.”

“The form 990 is reviewed by the executive director and the cfo of equipment leasing and finance association, a related entity. The foundation's executive committee reviews the form 990 prior to filing with the internal revenue service.”

“The foundation reviews the conflict of interest policy each year with the board. Board members are also expected to disclose status changes and/or a conflict that arises during the year. In the event that the foundation discovered that a member of the governing body had a conflict of interest, the foundation's policy on conflicts of interest would require that the person not solicit the transaction, not take part in negotiating, renegotiating, amending or approving the transaction, not exercise any recommending or decision-making authority arising from his or her position with elff, and not exercise any personal influence with the board of trustees or with any other manager or employee or elff or any entity controlled by elff in the deposition of the matter.”

“An independent consulting firm is retained as needed to provide comparability data and advise on management salaries. The data is reviewed and approved by the personnel committee. The president's last compensation review was held in june 2024. The board of directors and personnel committee review and approve the president's compensation. The president reviews and determines the compensation of other officers and key employees.”

“All governing documents, conflict of interest policy, and financial statements are available upon request.”

“The foundation was formed for the benefit of and to carry out the charitable, educational, and scientific purposes of the equipment leasing and finance association, inc. The foundation was incorporated to promote the growth and effectiveness of equipment leasing and finance through programs that identify, study and report on critical issues affecting the industry, and a student scholarship program. Its main purpose is to conduct research that will contribute to a better understanding of the vital and innovative role played by equipment leasing in the american and international economies. The foundation develops independent research reports and studies that will promote the success and productivity of equipment leasing, thereby enabling equipment leasing to better serve the public. It also promotes the benefits of the industry to the general public, and specifically to students, through a guest lecture program designed to raise awareness and attract new talent to the industry's workforce.”

“The audit oversight process has remained unchanged from the prior year.”