Institute for Rehabilitation & Research Foundation

“The Corporation has a standing Executive Committee. During intervals between meetings of the Board, the Executive Committee has, possesses and exercises all of the powers of the Board in the management of the business and affairs of the Corporation. The Executive Committee fixes its own rules of procedure and meets at such time and place as provided by such rules, but in every case the presence of a majority of its members shall be necessary to authorize action on behalf of the Corporation. Minutes of the Executive Committee meetings are distributed to all members of the Board prior to the next regular meeting of the Board. Executive Committee members must be Directors and are appointed by a Nominating Committee (the "Nominating Committee"), with the exception of the Chair of the Investment Committee, who shall be a permanent standing member of the Executive Committee. The Nominating Committee is composed of three (3) Directors appointed by the Chair of the Board. The Chair of the Board and members of the Executive Committee may be members of the Nominating Committee. Members of the Executive Committee serve for a term of two (2) years and may be removed, with or without cause, by the Nominating Committee. The Executive Committee is composed of such number of members as the Nominating Committee may from time to time determine.”

“The 990 is reviewed by the Executive Director and the Controller along with the Board Treasurer. The Form 990 is distributed to all board members prior to filing.”

“It is the policy of TIRR Foundation that each director report annually to the Executive Director all potential conflicts of interest that might arise. During any given year, as a director performs their fiduciary responsibilities, it is the policy of the Foundation for the director to recuse themselves from any action that results in a potential conflict.”

“The Executive Committee reviews and approves compensation during the annual budgeting process. Compensation is determined by a review of annual compensation surveys and employee performance by an independent person on the compensation committee. In 2014 TIRR Foundation hired an outside consultant that reviewed compensation levels and provided recommendations that the Compensation committee took into account when determining salary and bonus adjustments. A consultant was not hired for 2015, as the 2014 comepensation study is now being used.”

“The Executive Committee reviews and approves compensation during the annual budgeting process. Compensation is determined by a review of annual compensation surveys and employee performance by independent persons on the compensation committee. In 2014 TIRR Foundation hired an outside consultant that reviewed compensation levels and provided recommendations that the Compensation committee took into account when determining salary and bonus adjustments. A consultant was not hired for 2015, as the 2014 comepensation study is now being used.”

“Upon request”