Montaner Charitable Tr UW Cb Funk Dtd 6-14-16

“The trust organization holds regular meeting among its president, vice president, and its paid representative to maintains contact with the seven supported organizations. During those meetings, it review current matters and will review and discuss the annual form 990 prior to its filing.”

“Trustee is a corporate fiduciary regulated by the new mexico financial institutions division, which conducts periodic examinations of the trustee. Included in these examinations is a questionnaire requiring the officiers to disclose any possible self-dealings with its trusts, in addition the trustee employs a compliance coordinator to conduct an annual internal compliance review, which is submitted to the board on an annual basis.”

“The trust organization is managed by a corporate fiduciary whose officers report to its board of directors. Those board members review the annual performance and compensation of the ceo.”

“The trust organization is goverened by the estate of clark b. Funk as modified by a judicial order. The trust agreement and the modification order have been previously provided to the irs. These documents have previously been provided to the seven public charities supported by the trust and annual statements showing the valuation and proposed annual distribution of income and principal will be posted to the trust organization's website and discussed at an annual meeting of the trust organization and its supported organizations.”

“On an annual basis, the montaner charitable trust distributes its net income and one-twentieth or 5% of its corpus to the seven named charities named in the last will anbd testament of clark b. Funk.”