Redf Impact Investing Fund

“The form 990 is prepared by an independent tax accountant in conjunction with the organization's finance staff. A draft form 990 is reviewed by management; adjustments are made as necessary. A complete copy of the form 990 is made available to the board of directors for review and comment prior to filing with the internal revenue service.”

“The organization has a conflict of interest policy which covers all members of the board of directors, officers, and key employees. Under the conflict of interest policy, each covered person is required to promptly and fully disclose all material facts of every actual or potential conflict of interest: (i) existing at the time when he/she becomes a covered person; (ii) that arises while he/she is a covered person, at the time such actual or potential conflict arises; and (iii) annually in conjunction with his/her delivery of his/her acknowledgment of the conflict of interest policy. All disclosures involving a transaction or arrangement being considered at a meeting of the board of directors or a committee shall be made to all members present at such meeting; all other disclosures shall be made to the ceo (who shall disclose his or her conflicts to the board of directors). The organization may enter into a transaction or arrangement in which a covered person has a conflict of interest only if a majority of the directors who have no interest in the transaction or arrangement approve the transaction or arrangement at a board of directors or committee meeting after determining, in good faith and after reasonable investigation, that the transaction or arrangement is fair and reasonable to the organization and is in the organization's best interest.”

“The organization does not directly compensate any employees; rather, employees are compensated by redf, an affiliated but unrelated (for form 990 purposes) organization. Accordingly, form 990, part vi, section b, lines 15a and 15b have been marked "no". For a discussion on how compensation for redf employees is determined, please reference the redf form 990.”

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

“Average hours per week for the organizations ceo and cfo appears low as these individuals devote a portion of their time to redf, an unrelated (but affiliated) organization for form 990 reporting purposes.”

“Industry expertise and consultants: program service expenses 551,538. Management and general expenses 53,009. Fundraising expenses 0. Total expenses 604,547.”