The Cardon Foundation

“Two of the trustees are appointed by wilford a. Cardon. When there are seven trustees, then an additional trustee is appointed by wilford a. Cardon. When there are three trustees, wilford a. Cardon appoints a single trustee. Two of the trustees (or, one-third of all trustees if there are three of seven trustees, with any fraction being rounded up to the next whole number) are appointed by the church of jesus christ of latter-day saints. The remaining trustees, if any, are nominated in writing by wilford a. Cardon, provided the appointment is confirmed by the church of jesus christ of latter-day saints and provided the nominee is not a "disqualified person" ineligible for control within the meaning of internal revenue code section 509(a)(3)(c).”

“The foundation furnished a copy of form 990 to legal counsel and trustees for their review. Any comments or questions will were addressed prior to the filing of the form.”

“The trustees are expected to report any conflicts they may have prior to agreeing to approving any investments, contracts or grants.”

“The foundation complies with the legal requirements to provide copies of the annual irs form 990 and the application for exemption, by retaining these documents and providing copies to the public upon request. The foundation does not make its governing documents, conflict of interest policy or financial statements available to the public.”

“Two of the board members are full-time employees of the church of jesus christ of latter-day saints or one of its charitable affiliates. Their compensation is determined solely with reference to their duties in such full-time employment, and is not affected by their duties or service as trustees of the foundation. The board members have been asked to provide the information required for the form 990, part vii and, if applicable, schedule j. The board members have been instructed by their employer that their compensation is confidential and they are not at liberty to disclose.”