Paltown Development Foundation Inc.

“The form 990 was prepared by outside accountants and distributed electronically to the board of directors. The coo requests feedback and received written approval to file from the board chair and treasurer prior to submitting to the irs.”

“Each director, principal officer, and member of a committee with governing board delegated powers annually signs a conflict of interest statement. In connection with any actual or possible conflict of interest, an interested person discloses the possible conflict and is given the opportunity to disclose all material facts to the directors and members of committees with governing board delegated powers considering the proposed transaction or arrangement. After any discussion with the interested person, he or she leaves the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The chairperson of the governing board or committee, if appropriate, appoints a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. After exercising due diligence, the governing board or committee determins whether the foundation can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not rise to a conflict of interest. If this is not reasonably possible, the governing board or committee determines by a majority vote of the disinterested directors whether the transaction or arrangement is in the foundation's best interest, for its own benefit, and whether it is fair and reasonable. In conformity with the above determination it makes its decision as to whether to enter into the transaction or arrangement. All discussions are recorded in the board meeting minutes. If a governing board or committee has reasonable cause to believe a person has failed to disclose actual or possible conflicts of interest, it informs the person of the basis for the belief and affords the person an opportunity to explain the alleged failure to disclose. If, after hearing the person's response and after making further investigation as warranted by the circumstances, the governing board or committee determines the person has failed to disclose an actual or possible conflict of interest, it takes appropriate disciplinary and corrective action.”

“Compensation of officers is determined and approved by the board and documented in the board meeting minutes. The last compensation review took place january 2019.”

“The organization makes its governing documents, conflict of interest policy and financial statements available upon request. The documents are also available on the organizations website, and guidestar.”

“During the year, the organization conducted two training workshops for cancer patients and caregivers. See part iii, line 4a for more detail.”