Lee Pesky Learning Center Endowment Inc.

“Line 7a explanation - the trustees have the power to elect trustees to serve the organization.”

“Line 11b explanation - the endowment directors review the 990 and approve the contents of the 990 documents prior to filing.”

“Director conflicts of interest. Except as may otherwise be provided by the act or the articles, contracts or other transactions are not permitted between the corporation and one or more of its directors or any other corporation, firm, association or entity in which a director of the corporation has an interest or in which one or more of its directors or officers are also directors of the corporation. Exceptions may be approved if: (a) the material facts of such relationship or interest are disclosed or known to the board of directors that authorizes, approves or ratifies the contract or transaction by a vote or consent sufficient for such action without counting the vote or consent of such interested director(s); or (b) the contract or transaction is fair to the corporation at the time it is entered into and the material facts of such relationship or interest are fully and fairly disclosed or known to the corporation. In the situation where one or more directors has such a conflict of interest in a contract or transaction to be approved by the board, only the directors who do not have such a conflict may vote. A majority vote of those non-conflicted directors will constitute approval by the board.”

“The organization has no compensated employees.”

“The organization's governing documents and financial reports are available to the public upon request and can be viewed at the organization's place of business.”