Emory University Post-Retirement Benefit Trust

“The northern trust company was the directed trustee of the emory university post-retirement benefit trust from january through june of 2020. Bny mellon became the institutional trustee july 1st, 2020 so responsible for holding and managing assets of the trust for the last half of the year. Emory university is governed by a board of trustees, which has delegated broad authority for oversight of the trust to the pension board, which is comprised of officers and employees of emory university and emory healthcare. The pension board is deemed to be the plan administrator of the trust and its oversight includes investment selection and performance management. This responsibility is further delegated to emory investment management, an operating division of emory university. Emory investment management is responsible for executing investment strategy and manager selection for the trust assets. There are no officers, directors, individual trustees or employees of the trust. Bny mellon and northern trust are reported as institutional trustees in part vii of form 990.”

“An accounting firm experienced in the tax-exempt area has been engaged to prepare the 990. Once a draft has been prepared it is reviewed by senior management and presented to the emory pension board prior to being filed.”

“The code of conduct applies to all employees worldwide who work for bny mellon or an entity that is more than 50 percent owned by the company must adhere to the standards in our code. No employee is exempt from these requirements, regardless of the position held, the location of their job or the number of hours worked. If an employee oversees vendors, consultants or temporary workers, they must supervise their work to ensure their actions are consistent with the key principles in this code. Waivers of the code are not permitted for any executive officer of bny mellon, unless the waiver is made by the company's board of directors (or a committee of the board) and disclosed promptly to shareholders. Individuals who are deemed to be "executive officers" of bny mellon will be notified as appropriate. The emory university conflict of interest policy requires certain individuals to disclose participation in activities or circumstances that may present a conflict of interest on an annual basis or if at any time such individual becomes aware of circumstances that may present a conflict of interest. These disclosures are reviewed by the executive compensation and trustees' conflict of interest committee of the emory university board of trustees ('conflict of interest committee'), as necessary. If the conflict of interest committee determines that a conflict of interest exists, the individual with the conflict of interest may make a presentation to the conflict of interest committee, but after such presentation, the individual must leave the meeting during the discussion of, and the vote on, the transaction or arrangement that resulted in the conflict of interest. During the fiscal year none of the trustees of emory university or directors of emory healthcare with related business interests voted on business decisions involving such companies.”

“The emory university post-retirement benefit trust does not have employees.”

“These documents are not made available to the public.”

“Schedule k-1 passthrough investment income -98,329.”