Wegmans Family Foundation Inc

“Daniel r. Wegman and colleen wegman - family relationship, daniel r. Wegman and erin heintz - business relationship, colleen wegman and erin heintz - business relationship.”

“The united way of greater rochester, inc. Has the authority to appoint at least two board members, depending on the size of the board. The united way of greater rochester, inc. Board members should be one more than the wegman family board members, giving the united way of greater rochester, inc. Board members the majority.”

“Wegmans family foundation, inc.'s annual meeting is called by the secretary prior to the filing deadline and the form 990 is reviewed with all the board members page by page.”

“Wegmans family foundation, inc.'s directors and officers are required to disclose conflicts of interest. The secretary distributes disclosure forms annually to all directors, officers and key employees soliciting the disclosure of all conflicts of interest, including specific information concerning the terms of any contract or transaction with wegman family foundation, inc., and whether the process for approval of said contract or transaction complied with wegman family foundation, inc.'s policy surrounding potential conflicts of interest. If a director, officer or key employee becomes aware of a conflict of interest that was not disclosed on the annual disclosure, they are required to disclose it to the”

“Secretary as soon as possible and prior to any voting or entrance into any contract or transaction involving the conflict. After the board is made aware of a potential conflict of interest, the board shall consider all material facts concerning the proposed contract or transaction, including the process by which the decision was made to recommend entering into the arrangement of the terms proposed. The board will only approve those contracts or transactions in which the terms are fair and reasonable, and are consistent with the best interests of wegman family foundation, inc. The basis for these decisions will be recorded in the minutes. Contracts or transactions between wegman family foundation, inc. And any directors or”

“Officers, or any entity in which a director or officer is also a director or officer or has a substantial financial interest, are void or voidable. If disclosure of this type of relationship was made in good faith, the contract or transaction may be approved as long as the interested party is not present at the time of the discussion and decision concerning the authorization of said contract or transaction, and the interested party's vote is not counted.”

“No documents made available to the public.”

“No change was made to the oversight or selection process during the tax year. Wegmans family foundation, inc. Does not have a committee that assumes responsibility for the audit performed on united way of greater rochester, inc.'s financials. The investment committee does assume responsibility for the oversight of the relationship with investment advisors who are responsible for the selection of the accounting firm to prepare the financial statements.”

“Unrealized gain from investment”