Liberty Caribbean Foundation Inc.

“In 2019, the following directors were also officers of cable & wireless communications, inc: inge smidts, dominic boon, ruchi kaushal, julio spiegel, and stephen price. Form 990, part vi, section a, line 4 cable & wireless charitable foundation, inc. Amended corporate documents to increase the number on the board of directors. Form 990, part vi, section a, line 6 cable & wireless communications, inc. Is the sole corporate member of cable & wireless charitable foundation, inc. Form 990, part vi, section a, lines 7a & 7b cable & wireless comunnications, inc. As the sole member shall have the power to elect the directors of the corporation and to remove any one or more of the directors at any time. Any amendement to any provision of the organization's bylaws shall be approved by written consent by cable & wireless communications, inc. As the sole member of the organization. Form 990, part vi, section a, line 8 cable & wireless charitable foundation, inc. Does not have any committees as of december 31, 2019.”

“The form 990 is prepared by an outside accounting firm using information provided by the foundation. A draft of the return is reviewed by the legal and finance departments at cable & wireless communications, inc. And the board of directors of the foundation.”

“Each director, principal officer and member of a committee with governing board delegated powers must annually sign a statement affirming such person: (a) has received a copy of the conflicts of interest policy, (b) has read and understands the policy, (c) has agreed to comply with the policy, and (d) understands that the corporation is a charitable organization, and in order to maintain its federal tax exemption it must be operated exclusively for a charitable purpose. In connection with any actual or potential 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 governing board delegated powers considering the proposed transaction or arrangement. Procedures for addressing the conflict of interest (a) an interested person may make a presentation at the governing board or committee meeting, but after the presentation, he/she shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement involving the potential conflict of interest. (b) the chairperson of the governing board or committee shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. (c) after exercising due diligence, the governing board or committee shall determine whether the corporation can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. (d) 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 corporation's best interest, for its own benefit, and whether it is fair and reasonable. In conformity with the above determination it shall make its decision as to whether to enter into the transaction or arrangement.”

“The president received compensation from a related organization, cable & wireless communications, inc., and the process of determining compensation was conducted by the related organization.”

“The foundation makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“During the prior year, the foundation focused primarily on relief and rebuilding efforts, including the rebuilding and repair of schools and computer labs due to the impact of hurricanes irma and maria. In the current year, while the foundation continued in its rebuilding efforts and activities to build more resilient communities, it expanded its purpose to: enabling progress and building more resilient communities. Form 990, part v, line 2a all employees of the foundation are compensated by a related corporation, cable & wireless communications, inc. And are included on form w-3 by cable & wireless communications, inc. Compensation was reported under the foundation as paid by cable & wireless communications, inc. The foundation fully reimburses cable & wireless communications, inc. For the organization's share of employment related costs of employees in question.”