Tgkvf Inc

“Consistent with private letter ruling 107169-18 issued to the organization (attached to schedule n), the organizational documents have been amended to provide that the members of the board of directors of the organization shall consist of all current members of the board of trustees of the greater kanawha valley foundation, who shall automatically take office as directors upon their election as members of said board of trustees, and shall serve as directors until their membership on said board of trustees terminates.”

“Pursuant to the amended organizational documents described above, the member of the organization (the greater kanawha valley foundation) automatically elects all members of the board of directors of the organization when it elects the members of its board of trustees, as said board of trustees members also serve concurrently as the directors of the organization.”

“The final version of the form 990 is emailed to each board member for review and comments before the form is filed.”

“The governing board provides an updated list of organizations they are associated with that receive grants from tgkvf, inc. If the organization has submitted a grant request and is being voted on to receive funding, the board member will abstain from voting on the grant award due to a conflict of interest.”

“Tgkvf, inc, makes its governing documents and conflict of interest policy available for public inspection at regular business hours at its office. Tgkvf, inc.'s financial statements are part of the greater kanawha valley foundation's website at www.tgkvf.org.”

“2018 net transfers organizational funds held for others -454,144. Change in fund bal. 12/31/17 audited f/s -118. Transfer to greater kanawha valley -111,282,772.”

“The organization has an audit committee that handles the process of oversight of the audit of the financial statements and the selection of an independent auditor. The process has not changed since prior year.”