Shining Star Foundation

“All directors have a business relationship.”

“A draft copy of the form will be provided to all members of its governing body for review prior to filing.”

“A transaction involving a conflict of interest may be approved by the board of directors of the foundation if the material facts as to the transaction and the conflict of interest are fully disclosed or known to the board and the board approved the transaction in good faith by the affirmative vote of a majority of the directors currently holding office, provided that the interested director or directors may not vote and are not considered present for purposes of a quorum. If it is not possible to obtain a quorum of directors who do not have a conflict of interest with respect to the transaction ("disinterested directors"), the transactions may be approved by a majority of a committee consisting solely of two or more disinterested directors designated for that purpose by a majority of the full board, which may include directors who have conflicts of interest. Promptly after becoming a responsible person, and annually thereafter, each responsible person must review a copy of this policy and acknowledge in writing that he or she has done so. Any changes to the policy must be communicated immediately to all responsible persons. Each responsible person must annually complete the disclosure form attached to this policy and submit it to the president and any other person designated by the president. The president and any such designated person must treat the information on the forms as confidential and disclose it only as necessary to implement this policy.”

“The governing documents, conflict of interest policy, and financial statements are not available to the public.”