The American University of Greece

“Power to elect or appoint members the board of directors of the foundation is appointed by the american college of greece.”

“Form 990 review process the form 990 is prepared by the american university of greece foundation's independent accounting firm with information provided by management. Initial review of the completed form is performed by the cfo and audit committee. After complete review by the audit committee and prior to filing the form, a copy of the form as it is ultimately filed is provided to all board members.”

“Conflict of interest policy persons covered under the policy: policy applies to the board of trustees, the president, cfo, the chief academic officer, and all members of the president's cabinet, including the employees listed on the form 990. Practices for monitoring proposed or ongoing transactions for conflict of interest: each individual covered under this policy signs an annual statement that they adhere to the organization's conflict of interest policy and that they disclose any potential conflicts. Level at which conflicts are reviewed: the annual statements are reviewed by the organization's cfo and discussed with the audit committee when a conflict arises. The president's office monitors all contracts and actions of all employees on a regular basis. Level at which determination as to whether a conflict exists are made: the audit committee makes the final determination of whether a conflict exists. Restrictions imposed on persons with a conflict: interested persons are recused from discussions and voting on any topic that may constitute a conflict.”

“Compensation review process the executive committee of the board undertakes an annual review of the president's performance. Once reviewed by the executive committee, and in the absence of the president, the committee makes recommendations for action to the full board. Additionally, the president reports to the full board in a formal written president's report three times each year with an update on all strategic initiatives and academic, financial and other matters of importance. In certain years in which there are changes to the president's compensation or a new employment contract is signed, the executive committee's review is supported by a compensation review performed by an independent firm specializing in the field of compensation, as well as comparable compensation at other colleges in the u.s. And abroad. The review of the executive committee is documented in the board minutes. Compensation is voted on and approved by the board. The president is responsible for the review of compensation for the cfo, the chief academic officer, and all of his direct reports. The review is based on performance and a comparative analysis of compensation paid at other colleges in the u.s. And abroad.”

“Documents made available the governing documents, the conflict of interest policy and financial statements are available upon request at the american university of greece foundation office. General statement regarding the covid-19 pandemic: in march 2020, the world health organization declared the outbreak of a novel coronavirus ("covid-19") as a pandemic, which continues to spread throughout the world. The outbreak of the disease has affected travel, commerce, and financial markets globally. The college has, and continues to closely monitor, the covid-19 pandemic and its impact on the global community. However, to date, covid-19 has not had a significant impact on the college's financial condition.”

“For the sole benefit of the american college of greece which consists of a high school and college in athens, greece.”

“Intercompany transfer -5,700,000.”