F T Stent Family Foundation Inc.

“The f.t. Stent family foundation does not make its formal governance documents or financial statements readily available to the public but makes the 990 available upon request.”

“SUZANNE S. HARTIGAN and CHRISTOPHER D. STENT are related.”

“The community foundation for greater atlanta, inc. Elects three of the nine members of the governing body.”

“All members of the F. T. Stent Family Foundation are provided a DRAFT copy of the Form 990 to review before the return is FINALIZED AND FILED WITH THE IRS.”

“1. Definition of conflicts of interest. A conflict of interest arises when a person in a position of authority over the Organization may benefit financially from a decision he or she could make in that capacity, including indirect benefits such as to family members or businesses with which the person is closely associated. This policy is focused upon material financial interest of, or benefit to, such persons. 2. Individuals covered. Persons covered by this policy are the Foundation's officers and Trustees. 3. Facilitation of disclosure. Persons covered by this policy must promptly disclose in writing to the Board of Trustees (the "Board") their interests that could give rise to conflicts of interest. Such disclosures should include information sufficient to apprise the Board of the potential conflict, which may include the names of relevant family members, substantial business or investment holdings, and other transactions or affiliations with businesses and other organizations or those of family members. 4. Procedures to manage conflicts. Upon the disclosure of a potential or actual conflict of interest, the Chairman of the Board of Trustees will determine whether to: (a) take no action; (b) assure full disclosure to the persons covered by this policy; (c) ask the person to recuse from participation in related discussions or decisions within the Organization; or (d) ask the person to resign from his or her position in the Foundation, or, if the person refuses to resign, become subject to possible removal. 5. Periodic Reviews. To ensure that the Foundation operates in a manner consistent with its charitable purposes and does not engage in activities which could jeopardize its tax-exempt status, the Foundation conducts a periodic review. When conducting such periodic reviews, the Foundation may, but need not, use outside advisors. If outside advisors are used, their use shall not relieve the Board of Trustees of its responsibility to make sure that the Foundation does not engage in activities which could jeopardize its tax-exempt status. Periodic reviews shall address the need for review of the reasonableness of any compensation arrangements, and whether there is a need to review the Foundation's arrangements with vendors to determine whether they are reasonable and competitive, and further the charitable interests of the Foundation. Any inquiry or review should also address whether any such arrangements result in inurement, impermissible private benefit, or in an excess benefit transaction.”

“Policy on the Process for Determining Compensation As of the time of adoption of this policy, the Foundation pays no compensation, has no employees, and pays no employee or officer compensation. Professional fees are paid to the Foundation's accounting firm for its services (including tax return preparation), to the Foundation's attorney when billed, and to the Community Foundation for Greater Atlanta for its services in assisting in the processes of screening and presenting grant applications, transmitting and keeping records of grant funds, and overseeing the Foundation's investment arrangements with Merrill Lynch. When and if required: This policy applies to the compensation of any employee receiving more than $150,000.00 for the year and any Officer or Director. The process includes (1) review and approval by the Board of Trustees (and an independent professional designated by the Board) including the consideration of comparable compensation, and (2) contemporaneous documentation of the Board proceedings and decision, and recordkeeping. 1. Review and approval. The Board of Trustees reviews and approves the proposed compensation taking into consideration information regarding compensation for comparable types of positions. Any Board member with a conflict of interest with respect to the compensation arrangement must not be included in the review and approval process. 2. Contemporaneous documentation, recordkeeping. There is contemporaneous documentation and recordkeeping with respect to the deliberations and decisions regarding the compensation arrangement. These records shall be located in the minute book.”

“The community foundation for greater atlanta (501(c)(3)), as the supported organization, the f.t. Stent family foundation serves as the sole member.”