New Mexico Philharmonic Foundation

“Organization's Process to Review Form 990 THE TREASURER REVIEWS A DRAFT AND CIRCULATES THE DRAFT TO THE BOARD FOR REVIEW. UPON APPROVAL BY THE PRESIDENT AND THE SECRETARY THE FORM IS SIGNED AND FILED.”

“Enforcement of Conflicts Policy IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH THE GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED OR VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. IF IT IS DETERMINED A CONFLICT EXISTS, AND IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE ORGANIZATION'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH THE GOVERNING BOARD SHALL SIGN ANNUALLY A STATEMENT REGARDING THE CONFLICTS OF INTEREST.”

“Governing Documents Disclosure Explanation THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.”

“Organization's Mission THE NEW MEXICO PHILHARMONIC FOUNDATION SEEKS TO PROVIDE SUSTAINABLE, DEDICATED FUNDING FOR THE NEW MEXICO PHILHARMONIC, INC.. FUNDING THAT CREATES LONG TERM STABILITY, FUTURE GROWTH AND PERMANENCE THROUGH A COMPLETELY TRANSPARENT AND SECURE FIDUCIARY INSTRUMENT FOR DONOR SUPPORT THAT IS DIRECTLY CONTROLLED BY ITS DONORS AND TRUSTEES. THE PURPOSES FOR WHICH THE CORPORATION IS ORGANIZED ARE AS FOLLOWS: USING PRIVATE FUNDS EXCLUSIVELY FOR CHARITABLE PURPOSES WITHIN THE MEANING OF SECTION 501(C) (3), AND, WITHOUT LIMITING THE GENERALITY OF THE FOREGOING, WITH EMPHASIS ON THE FOLLOWING SPECIFIC PROJECTS AND ACTIVITIES: PROVIDING A VEHICLE TO PROVIDE LONG-TERM FUNDING TO THE NEW MEXICO PHILHARMONIC, INC., A NEW MEXICO NONPROFIT CORPORATION; CARRYING OUT ANY PROGRAMS OR ACIVITIES WHICH MAY BE RELATED TO THE FOREGOING, OR WHICH MAY OTHERWISE PROMOTE AND BENEFIT THE NEW MEXICO PHILHARMONIC FOUNDATION, INC., AND PERFORMING SUCH OTHER ACTIVITIES AS THE BOARD OF DIRECTORS DEEMS TO BE INCIDENTAL, PROPER, OR NECESSARY TO FULFILLING THE ABOVE DESCRIBED PURPOSES AND TO CONDUCT A NONPROFIT CORPORATION PURSUANT TO THE NEW MEXICO NONPROFIT CORPORATION ACT.”