Lifelink Legacy Fund

“An electronic copy of form 990 is provided to the audit committee, president, and cfo for preliminary review. An electronic copy of form 990 then is distributed to the entire governing board prior to issuance.”

“Annually, the legacy fund requires all interested persons to attest that they have received, read, and agreed to comply with lifelink's conflict of interest policy. The annual certification requires the disclosure of any conflicts of interest that may exist. The compliance officer and president review potential conflicts of interest and determine what action, if any, is necessary including additional review by the executive committee of the foundation governing board. On an ongoing basis, conflicts of interest are monitored by lifelink foundation's internal corporate compliance department.”

“Compensation of the legacy fund officers and directors is set by lifelink foundation, a related 501(c)(3) organization; therefore, this question has been answered "no" in accordance with the form instructions. A summary of the foundation's process for determining compensation is below. An independent compensation committee acting on behalf of the governing board is responsible for reviewing and approving the total compensation of all officers, directors, key employees, and any related family members at least annually. This review includes a detailed analysis of comparable data from industry surveys, form 990s, and studies from a third-party consultant. An independent consulting firm prepares a full market study every three years. The most recent market study was completed in june 2022. The compensation committee annually reviews and approves the compensation and benefits provided to each officer and key employee listed on form 990 and conducts the review and approval in a manner designed to qualify for the rebuttable presumption of reasonableness under federal tax law.”

“The organization does not make its governing documents, conflict of interest policy, or financial statements available to the public as it is not required to by law.”

“Corporate compliance program: corporate compliance for the lifelink legacy fund is provided by lifelink foundation's corporate compliance department. The objective of the corporate compliance department is to provide guidance to all employees as they carry out their daily activities within appropriate ethical and legal standards. Corporate compliance provides an in-house compliance service that effectively supports each division in their duty to comply with relevant laws and internal procedures. Corporate compliance reviews best practices from outside resources to ensure policies and procedures are updated as necessary. Annual policy training is provided to all employees as it is an important part of their professional development and commitment to achieve the foundation's mission. Corporate compliance also monitors the employee hotline, which allows employees to report potential compliance concerns anonymously. Corporate compliance investigates the hotline concerns thoroughly and promptly. Corporate compliance is responsible for developing and maintaining an efficient and effective program of internal auditing and monitoring to enhance our capacity to manage risk, investigate emerging issues and trends and detecting deviations from established internal controls. Corporate compliance is also involved with assisting the information systems department with lifelink cyber security strategies. Ethical and moral behavior is expected from all employees. The corporate compliance department embodies dedication to the highest standards of ethical behavior, expressed through corporate culture and through adherence to the law. Lifelink is committed to detecting and correcting any unintentional or deliberate conduct that is inconsistent with these principles.”

“The legacy fund employees are compensated by lifelink foundation, a related 501(c)(3) organization; therefore, the number of employees reported on form 990, part v, line 2a is zero. All required employment tax returns are filed by lifelink foundation. Salaries and related expenses reported in part ix represent amounts allocated from lifelink foundation for employee services provided to the legacy fund. The legacy fund was allocated 1 employee in fiscal year end june 30, 2024.”

“Oversight of the consolidated financial statements is the responsibility of the foundation audit committee. The audit committee is composed of at least four independent board members which provides assistance to the board in fulfilling its oversight responsibilities to the users of the consolidated financial statements. The audit committee's responsibilities include ensuring the completion of an annual financial audit, and selection and evaluation of the independent auditors. On an annual basis, the results of the financial statement audit are presented to the full board. This process has not changed from the prior year.”