Luther Burbank Corporation Foundation

“Laura tarantino - business relationship kristen wilbur - business relationship trinity kent - business relationship victor s. Trione - business relationship simone lagomarsino - business relationship mona gail baker - business relationship tammy mahoney - business relationship greg smith - business relationship lois baxter - business relationship”

“The final 990 was reviewed by at least one member of the board prior to filing.”

“Each director, each corporate officer, the top management official, the top financial official, and each key employee of the organization, shall annually sign a statement that:1) affirms that the person has received a copy of this conflict of interest policy, has read and understood the policy, and has agreed to comply with the policy; and 2) discloses the person's financial interests and family relationships that could give rise to conflicts of interest. Each insider shall disclose to the board all material facts regarding his or her interest in the transaction, promptly upon learning of the proposed transaction. With regard to an insider, the board shall determine if a conflict of interest exists. The board may ask questions of and receive presentation(s) from the insider(s) and any other interested person(s), but shall deliberate and vote on the transaction in their absence. The board shall follow the following procedures in order to decide what measures are needed to protect the organization's interests in light of the nature and seriousness of the conflict, to decide whether to enter into the transaction and, if so, to ensure that the terms of the transaction are appropriate: the board shall ascertain that all material facts regarding the transaction and the insider's conflict of interest have been disclosed to the board and shall compile appropriate data, such as comparability studies, to determine fair market value for the transaction. After exercising due diligence, which may include investigating alternatives that present no conflict, the board shall determine whether the transaction is in the organization's best interest, for its own benefit, and whether it is fair and reasonable to the organization; the majority of disinterested members of the board then in office may approve the transaction. The minutes of any meeting of the board related to these determinations shall contain the name of each insider who disclosed or was otherwise determined to have an interest in a transaction; the nature of the interest and whether it was determined to constitute a conflict of interest; any alternative transactions considered; the members of the board who were present during the deliberations on the transaction, those who voted on it, and to what extent interested persons were excluded from the deliberations; any comparability data or other information obtained and relied upon by the board and how the information was obtained; and the result of the vote, including, if applicable, the terms of the transaction that was approved and the date it was approved.”

“The organization does not compensate any individuals and therefore these questions have intentionally been answered no.”

“The organizations governing documents, conflict of interest policy, and financial statements are available upon request.”

“All program services have ceased with the dissolution of the foundation during 2023.”