Freewill Impact Fund

“Alexander chung, president, and anita chung, secretary, have a family relationship.”

“The organization changed its name from cocatalyst impact, inc. To freewill impact fund.”

“The return preparer emails a copy of the final version of form 990 to each board member before it was filed.”

“Freewill impact fund's conflict of interest policy (the "policy") is designed to ensure that whenever a matter is discussed or a decision is made by the organization's board or committee, board and committee members first are made aware of the existence of any actual or potential conflicts of interest. The policy covers board members, officers, key employees and any other persons who regularly attend the organization board and committee meetings. In accordance with paragraph 2 of article iii of the policy, the remaining disinterested board or committee members (referred to as the "independent evaluation committee or "iec") shall review the matter, and decide if a conflict of interest exists. Paragraph 3 of article iii of the policy sets out the procedures for addressing an actual or potential conflict, including the restrictions imposed on persons with a conflict including: - if an actual or potential conflict has been determined to exist, an interested person (as defined) may still make a presentation at the iec meeting, but after such presentation, such individual, and any other interested person vis a vis that person or transaction, shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement that results in the conflict of interest. Any benefit received by the interested person must be disclosed at such board or committee meeting. - the chairperson of the iec shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. - after exercising due diligence, the iec shall determine whether the organization can obtain a more advantageous transaction or arrangement with reasonable efforts from a person or entity that would not give rise to a conflict of interest. - if a more advantageous transaction or arrangement that would not give rise to a conflict of interest is not reasonably attainable under the circumstances, the iec shall determine by a majority vote whether the transaction or arrangement is in the organization's best interest and for its own benefit and whether the transaction is fair and reasonable to the organization and shall make its decision as to whether to enter into the transaction or arrangement in conformity with such determination.”

“The organization makes its governing documents, financial statements, and conflict of interest policy available to the public upon request for the same period of time set forth in sec. 6104(d).”