Sundt Foundation

“Sundt foundation the sundt companies, inc. Business sundt foundation sundt construction inc. Business”

“President term moved from a revolving one year term to a two year term. Vice president elect position has been removed. There is now only a vice president position available. Total board membership wording changed. Used to state no less than nine and no more than fifteen members. It now states no less than nine and no more than twenty members.”

“The sundt foundation has two categories of membership: employee membership and non-employee membership. A sundt employee becomes a member by contributing 5 or more per year. Membership entitles an employee to vote in accordance with the bylaws and to hold elective office. A non-employee becomes a member by contributing 5 or more per year. Non-employee members are non-voting members.”

“The board of directors, consisting of at least nine members but not more than twenty members, controls all activities of sundt foundation. The sundt companies, inc. Appoints four directors. The remaining directors are elected by the membership, with one director serving from each of the principal geographic areas where sundt has an office or subsidiary company and serving staggered three-year terms.”

“Decisions by the board of directors are not subject to approval by members or other persons.”

“The form 990 is reviewed by members of the board of directors and the cfo of the sundt companies.”

“An annual letter is sent to all officers and directors requiring them to disclose any possible conflicts of interest.”

“The sundt foundation makes it's governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“To provide gifts, grants or loans to organizations qualified for exemption under section 501(c)(3) of the internal revenue code and to provide the employees of the sundt companies, inc. And it's susidiaries, or others, the satisfaction of charitable giving to selected charitable organizations.”