Kentucky Fried Chicken Foundation Inc.

“Between meetings of the board of directors, the day-to-day affairs of the organization are conducted by an executive committee. The executive committee consists of three board members, including the board chair, the ncac executive director/staff member and one voting member who is nominated by the board chair and voted on by the full board. The executive committee keeps meeting minutes and reports its activities to the full board of directors.”

“A copy of the organization's form 990 (including all applicable schedules) as ultimately filed with the irs was provided to each member of the organization's board of directors for review and comment prior to its filing.”

“All organization personnel and members of the governing body are covered under the organization's conflict of interest policy. In the event that a potential conflict of interest arises, organization personnel and members of the governing body are required to report it to the president. Disclosure of a potential conflict and the decision regarding the action taken are noted in the organization's minutes. A member of the governing body with a conflict of interest may be required to recuse him or herself from voting on such particular matters.”

“The managing director's compensation was reviewed and approved by the board of directors. Comparability date was used to determine compensation and deliberations were contemporaneously documented by the governing body. This process was last conducted in 2021. The assistant secretary's compensation was reviewed and approved by the board of directors. Comparability data was used to determine compensation and deliberations were contemporaneously documented by the governing body. The process was last conducted in 2021.”

“Governing documents, conflict of interest policies and financial statements are not required disclosures pursuant to irc section 6104. Therefore, these documents are only disclosed at the discretion of the board of directors upon request.”

“Kentucky fried chicken foundation introduced its new fundraising campaign, kfc roundup in 2021. The organizaton partnered with kfc restaurants where during two windows of time each year, kfc restaurant cashiers ask customers if they want to round up their purchase total to the nearest dollar. The additional change is for the benefit of kcf foundation's various charitable programs.”

“In 2021 the organization changed and enlarged the mission of its "kentucky fried wishes program." under its new and improved program, restaurant employees are empowered to nominate organizations that they care about for $10,000 grants. The purpose of this program is to suppor local charities that are making a difference in the communities where kfc employees live and work.”

“The organization had four (4) employees in 2021. Forms w-2 and w-3 are filed by its common paymaster, kentucky fried chicken corporation.”

“The donated 401k match is included in line 9 of part ix of the form 990”

“SCHOLARSHIP RECOVERIES”