The Baum Foundation

“Two of the Board members are related by marriage.”

“Form 990 is prepared by an outside tax professional. The form is then reviewed by the organization's management, all members of the board of directors, and the executive director. This group of individuals then discusses the contents of the return with the outside tax professional. After a full review, the final version of the tax return is provided to all members of the organization's voting body. A representative of management authorizes the final form 990 which is then e-filed with the internal revenue service.”

“Members of the board of directors review all potential conflicts of interest atleast annually. The executive director and all board members are required to disclose (in writing) potential conflicts and any related party affiliations. Loans between the organization and members of management and the board are strictly prohibited. The organization seeks full transparency on all relationships. Any potential conflicts (in fact or appearance) are discussed openly and resolved in accordance with the organization's policies and procedures.”

“Members of the board of directors review the compensation of all high-level personnel annually in accordance with irs rules and regulations. During 2014, the organization only utilized the services of outside professionals. Every effort is made to ensure that the process is thorough and transparent in accordance with irs guidelines and the organization's policies and procedures.”

“No officers or key members of management (as defined by the internal revenue service) are compensated.”

“All of the organization's governing documents, financial statements and other legalfilings are maintained in a secure environment and held available for inspection bytax authorities and the general public. Tax returns are posted annually towww.guidestar.org (where they are available for viewing as electronic copies) and are also available for a physical inspection at the organization's office in san francisco, california.”

“OTHER PROGRAM SERVICES 4: Other Program Activities During the year that ended December 31, 2019, The Baum Foundation provided grants and funds for programs that advance program work for recognition of photographers, research on human migration since the upper Paleolithic period, conservation of marine protected areas and identification of plastic in the ocean in pristine environments. Grants included monies earmarked for specific projects for sponsoring organizations that directly correspond to the mission and goals of The Baum Foundation.”