Tsrhc Scholarship Fund

“Business relationships lori dalton, kris keever-smith, and ashley givens have a business relationship with legacy scholarship program directors in that directors are also directors of texas scottish rite hospital for children, and the three individuals listed above are employed by texas scottish rite hospital for children, a related entity.”

“Appointment of board of directors the sovereign grand inspector general of the scottish rite bodies of texas serves as director and as chairman of the organization's board. The chairman appoints the remaining directors, each of whom must be a trustee of texas scottish rite hospital for children, a texas nonprofit corporation.”

“Review process the form 990 is prepared internally in conjunction with outside accountants. A copy of the form 990 is provided to the audit committee for review and discussion. The form 990 is provided to the board through access to a secure portal for review before it is filed.”

“Conflict of interest monitoring the organization annually requires officers and directors to complete a conflicts of interest form disclosing actual or potential conflicts of interest in compliance with the organization's conflicts of interest policy. These individuals also are to report any new matters that arise during the year if they become aware of a transaction that is under consideration that presents an actual or potential conflict of interest. A summary of the potential conflicts of interest is reported to the audit committee on an annual basis. All material facts surrounding contracts, transactions, or arrangements involving a conflict of interest are to be disclosed to ensure that the contract, transaction, or arrangement is fair to the organization at the time it is authorized, approved, or ratified. If a relationship exists that may give rise to a conflict of interest, the individual has a duty to disclose pertinent facts and abstain from voting or decision making.”

“Process for determining compensation various staff members and officers of texas scottish rite hospital for children, a related entity, provide executive and administrative services to the organization as needed. The president and other officers are not compensated by the organization for these services.”

“Availability of documents the organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“Audit oversight process the audit committee is responsible for reviewing the audit and form 990 prepared by outside accountants. The committee provides oversight of the annual audit, including the review and appointment of the outside auditor and the review and approval of the scope of the audit. The audit committee provides oversight for financial governance and transparent reporting.”