Temple Beth-El Endowment Fund

“(a) initial board of directors. The initial board of directors of the corporation shall serve until june 30, 2020 ("interim period expiration date"). The number of the initial board of directors shall be five (5). The initial board of directors shall consist of the members of the temple endowment committee, formed by resolution of the temple pursuant to section 14 of article v of the temple by- laws. (b) board of directors. Upon the interim period expiration date, the number of directors shall be five (5). Directors shall be elected annually as defined below at the regular annual meeting of the board of directors of the temple (the "temple board"). If the election of directors shall not be held at such meeting, such election shall be held as soon thereafter as conveniently possible. Each director shall hold office until his successor shall have been duly elected and shall have qualified or until his death or until he shall resign. Directors need not be residents of illinois. The number of directors may be increased or decreased from time to time by the amendment of this section, but at no time shall the number of directors be decreased to fewer than three (3) or increased to more than seven (7). Only one adult member per household shall be permitted to serve simultaneously on the board. (c) election. At all times, a majority of the board of directors shall be appointed by the temple board. In addition, so long as the number of board of directors is five (5), the board of directors shall consist, at a minimum, of the following: (i) two (2) directors who have been recommended by the temple endowment committee and approved by the temple board; (ii) two (2) directors who are members of the temple board and have been recommended by the immediate past president of the temple board, if available, otherwise the current president of the temple board, and approved by the temple board; and (iii) one (1) director who is the vice president of finance of the temple.”

“The form 990 has been reviewed by the board.”

“Any director, officer, or member of a committee possessing powers delegated by the board of directors who has a direct or indirect financial interest, as defined below, is an " interested person" . In connection with any actual or possible conflict of interest, an interested person must disclose the existence of such interest and present all of the material facts related thereto to the board of directors to determine and rule as to when a conflict arises. The procedure in addressing a conflict of interest is as follows: after the disclosure of a possible conflict of interest, the presentation of the material facts related thereto and any discussion occurring in connection therewith, the non-interested party remaining members of the board of directors shall meet to determine and rule if a conflict of interest exists. A : the chairperson of the board of directors may appoint a disinterested person or committee to investigate alternatives to the proposed transaction or contractual arrangement. B : after exercising due diligence, the board of directors or appointed committee shall determine whether the corporation can obtain, with reasonable effort, a more advantageous transaction or contract arrangement from an individual which would not give rise to a conflict of interest. C : if a more advantageous transaction or contractual arrangement is not reasonably possible under circumstances which do not produce a conflict of interest, the board of directors or appointed committee shall determine by a majority vote of the non-interested person directors and committee members, whether the transaction or contract arrangement is in the corporation ' s best interests, for its benefit, and whether it is fair and reasonable. In conformity with the above determination the non-interested person and members shall make their decision as to whether the transaction or contractual arrangement should be entered into. Non-disclosure of a conflict of interest a : if the board of directors has reasonable cause to believe an interested person has failed to disclose an actual or possible conflict of interest, they shall inform the interested person of the basis for said belief and afford the i nterested person an opportunity to explain the alleged failure to disclose. B : if after conducting a further investigation, as warranted by the circumstances of the non-disclosure, the board of directors determine the interested person has failed to disclose an actual or possible conflict of interest, they shall take the appropriate disciplinary and corrective action.”

“The governing documents, conflict of interest policy, and financial statements are available for inspection at the corporate office upon request. No other documents available to the public.”

“Bank fees: program service expenses 192. Management and general expenses 0. Fundraising expenses 0. Total expenses 192. Insurance: program service expenses 995. Management and general expenses 0. Fundraising expenses 0. Total expenses 995.”