Manatee Community Foundation Inc.

“Bylaws updated october 2016 to go into effect july 1, 2017 specific changes include: - replaced "president and "vice president" with "chair and "vice chair" - changed address to 2820 manatee ave west - removed "membership" section - changed maximum number of directors to 21 (from 31) - changed 2/3 vote to "majority" for board decisions - governance committee will propose new board members, not executive committee - board candidates are to be presented to cfsc two months before annual meeting, not 4 months - newly elected board members will begin service the first date of the next fiscal year - removed section 8 (additional powers of the board, (a) - (l), implied), and added duties of a board (standard language) - annual meeting will be held in june - simplified duties of officers: chair, vice chair, secretary, treasurer - executive committee is no longer to meet quarterly, but at the call of the chair - removed "advisory and other committees," "director nominating committee," "conference telephone meetings" from committees section. - added "governance committee and "finance committee" - removed "contracts, checks, deposits" section, "surety bonds" section, "corporate seal" section, and "execution" section. - added "indemnification" section, "insurance" section, and "nondiscrimination" section - under "amendment to the bylaws" section, added "proposed amendment shall be provided to each director no less than 5 days prior to the meeting." 2/3 vote still required.”

“So long as the foundation is exclusively an irc 509(a)(3) supporting organization to benefit the community foundation of sarasota county, inc. ("sarasota foundation"), and under provisions of this article iii, a majority of the members of the board of directors of the foundation are to be appointed by the board of directors of the sarasota foundation.”

“The chief financial officer and the president / ceo initially review the return before presenting the return to the audit committee who recommends final approval to the board of directors before filing the return.”

“Annually, board members are required to fill out a conflict of interest disclosure form which is reviewed upon receipt by the cfo and corporate counsel and again during the audit process.”

“The board of directors annually reviews and determines the compensation package of the executive director.”

“All documents are available upon request”

“Manatee community foundation utilizes board members and community volunteers on a development committee, scholarship committee, and grants committee to provide important insights and guidance in decision-making. All board members are volunteers.”

“Current year agency activity not included on financial statements 500,569. Change in value of split interest agreement 3,955.”

“The process has not changed from the prior year.”