Campbell University Foundation Inc.

“William byrd and thomas keith co-own real estate. There may be other associations in the normal course of business. Frederick taylor and frederick taylor ii have a family relationship.”

“Draft copies of the Foundations Form 990 for the year ended 5/31/18 were provided to all members of the board of directors. The draft copy was emailed to each member. All members were requested to respond to the Executive Assistant to the Vice-President for Business confirming review and with approval for filing. Detailed review was completed by the Universitys Comptroller and Treasurer prior to the release of the draft to the board of directors and before submission to the IRS. The drafts are also reviewed by the Universitys President and the Executive Assistant to the President.”

“Members of the board of directors abstain from voting if the vote involves: 1) an entity in which the director has a material financial interest or in which the director is a general partner of a party to a transaction with the foundation; or 2) another entity of which the director is a board member or an officer and when the entity is a party to the transaction and the transaction is or should be considered by the board. Annually, the foundation requests each member of its board to complete a "conflict of interest disclosure questionnaire". These are reviewed by the vice-president for business and the treasurer.”

“Form 990 and organizing documents are made available upon request. Documents are retained in the office of the vice-president for business and treasurer of campbell university, a related organization. The office is open during regular business hours.”

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

“Changes in net assets: adjustment to csv of life insurance (19,917) transfers (1,510,412) change in value of split-interest agreements 4,425 ----------- total line 9 (1,525,905)”

“The audit oversight process has remained unchanged from the prior year.”