University Impact

“The board will review the form 990 and make any comments or suggested changes via email.”

“Each key member is asked on an annual basis to disclose any conflicts of interest. Conflicts of interest are reported to the board.”

“A survey of similar position compensation was reported to the board who then approved compensation for top management.”

“A survey of similar position compensation was reported to the board who then approved compensation for key employees.”

“Documents available upon request.”

“University impact (ui) was founded to build an ecosystem that can accelerate solving the world's social and environmental problems. That ecosystem consits of: 1) university students, 2) impact startups in need of consulting services and that are preparing to fundraise, and 3) academic institutions researching solutions to the world's social and environmental problems.”

“Sponsoring organization of donor advised funds: the corporation has expanded its activities and program services in furtherance of its exempt purposes. The corporation has broadened its charitable reach by beginning to serve as a sponsoring organization as described in code section 4966(d) (1) and maintaining a portfolio of donor advised funds ("dafs"). As described in code section 4966(d)(2), each daf of the corporation is an account: (i) which is separately identified by reference to contributions of a donor or donors; (ii) which is owned and controlled by the corporation; (iii) with respect to which the donor or his or her designee (the "donor advisor") has advisory, non-binding privileges with respect to the distributions or investment of the daf funds. The corporation maintains ownership and control over the dafs and has created strong internal policies and procedures to ensure that the corporation maintains compliance with all federal tax rules and requirements: all daf arrangements are subject to a comprehensive agreement between the corporation and the donor. The daf agreement provides that any contributions made to establish the fund, while they may be recommended for a particular organization or cause, will ultimately be the property of the corporation, and the corporation will have the ultimate authority to use contributions made to it at its discretion for purposes consistent with its exempt purposes. Before making any daf distributions (grants, investments, etc.), the corporation will verify that the grantee is identified as exempt from federal income tax pursuant to code section 501(c)(3) in the tax exempt organization search or irs business master file, and will request a copy of each grantee's determination letter. The corporation will not make grants to type iii supporting organizations that are not "functionally integrated- or to private foundations or other non-exempt entities unless it exercises expenditure responsibility. All daf distributions made into foreign countries are subject to all rules and regulations provided under the code for grants to foreign organizations, including checking the ofac list of specially designated national and blocked persons and taking reasonable steps to ensure that daf distributions are not diverted to support terrorism or other non-charitable activities such as entering into a written grant agreement and/or requiring periodic reports from the grantee organization on how the funds are spent. The corporation will keep records of the grants made and determination letters received. The corporation prohibits all distributions to any natural person. The corporation prohibits all distributions from dafs (i.e., grants, loans, compensation, or other similar payments, including expense reimbursements, etc.), to the donor, donor advisor, a member of the donor or donor advisor's family, or a 35% controlled entity of the aforementioned. The corporation prohibits all distributions from dafs which result in a donor, donor advisor or related party receiving, directly or indirectly, a more than incidental benefit as a result of such distribution. In accepting gifts of business interests in a daf, the corporation reviews the ownership table to ensure that the corporation's receipt of the business interests does not violate the excess business holdings prohibition under code section 4943. The corporation will comply with all the rules and regulations applicable to sponsoring organizations and maintain strong recordkeeping policies to evidence this compliance. By expanding its activities to serve as a sponsoring organization for dafs, the corporation is able to expand its charitable reach and aid donors by becoming an active charitable giving vehicle. Fiscal sponsorships: the corporation also acts as a fiscal sponsor for emerging charitable projects that have not yet received federal tax exemption. The corporation's fiscal sponsorships are subject to the following rules and guidelines: the co”

“Adjustment for investment asset k1 -1,887,830”