Giving Branch Foundation

“The foundation's treasurer will perform the initial review and once the final version is prepared, the treasurer will disburse a copy of the 990 to the other board members via email. Each board member will be required to confirm receipt and approval.”

“As spelled out in the foundation's bylaws, board members are asked to disclose any actual or potential conflict of interest. Thereafter, each director shall annually sign a statement which affirms such person 1) has received a copy of the conflicts of interest policy, 2) has read and understands the policy, 3) has agreed to comply with the policy, and 4) understands that the corporation is charitable and in order to maintain its federal tax exemption, it must engage primarily in activities which accomplish one or more of its tax-exempt purposes.”

“The foundation has a written agreement with fbmi to lease an employee to act as the giving branch administrator. This person serves as a liaison between the community giving teams, the board of directors, and the fbmi employees and is expected to spend 75% - 100% of their time working for the foundation. The agreement will be reviewed, at a minimum, annually to ensure the rates are still appropriate based on the services being provided.”

“The foundation's bylaws specifically prohibit the organization from paying compensation to its board members.”

“Copies of the foundation's 1023 application and 990's are available upon request at its office or by fax or mail. Each 990 is also accessible through guidestar after it has been filed by the irs.”

“The purpose of the giving branch foundation is to benefit and support individuals and families in need in the communities in which the offices of flat branch mortgage, inc. Are located; and secondarily to support organizations and individuals the foundation deems deserving.”