Defi Education Fund

“DeFi Education Fund did not form any committee with the authority to act on behalf of the governing body.”

“Review will be conducted by the Board of Directors, Officers, and Organizational Counsel during a zoom meeting of the Board before the return is filed with the IRS.”

“The Organization's Directors and Officers ("interested persons") must comply with the DeFi Education Fund's conflict of interest policy as delineated in the DeFi Education Fund's bylaws. Duty to disclose. In connection with any actual or possible conflict of interest, an interested person must disclose the existence and nature of their interest and may be given, in the discretion of the board of Directors, the opportunity to disclose all material facts to the Board of Directors or the appropriate committee to which the Board of Directors has delegated the power to consider whether a conflict of interest exists. Determining whether a conflict of interest exists. After disclosure of the interest and all material facts by the interested person, and after any discussion with the interested person, the interested person will leave the Board of Directors or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining disinterested directors or committee members will decide if an actual conflict of interest exists and determine whether the transaction or arrangement is approved. Procedures for addressing the conflict of interest. After exercising due diligence, the Board of Directors or committee will determine whether the fund 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 is not reasonably attainable under circumstances that would not give rise to a conflict of interest, the Board of Directors or committee will determine by a majority vote of the disinterested directors or committee members whether the transaction or arrangement is in the fund's best interest and for the fund's own benefit and whether the transaction is fair and reasonable to the fund. The Board of Directors or the committee will be required to make its decision as to whether to enter into the transaction or arrangement in conformity with such determination. The chairperson of the Board of Directors or the Chairperson of the committee may, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. The Secretary will make a part of the meeting minutes of the Board of Directors or the committee the Board of Director's consideration of any conflict of interest. Compensation. A voting member of the Board of Directors or any committee thereof who receives compensation, directly or indirectly, from the fund for services is precluded from voting on matters pertaining to that individual's compensation. Failure to disclose. If the Board of Directors or committee has reasonable cause to believe that an officer or director has failed to disclose an actual or possible financial interest, the Board of Directors will inform that individual of the basis for such belief and afford that individual an opportunity to explain the alleged failure to disclose. If, after hearing the response and making such further investigation as may be warranted under the circumstances, the Board of Directors or committee determines That the individual has failed to disclose an actual or possible financial interest, the Board of Directors will take appropriate disciplinary and corrective action. Use of independent persons. In the event that fund is unable to constitute a quorum of independent directors to consider an interest, the Board of Directors should constitute a committee of independent persons to advise on the contemplated transaction. Loans to directors and officers prohibited. No loans may be made by the fund to its directors or officers. Any directors voting for or assenting to the making of any loan to a director or officer, which is prohibited by applicable law, and any director or officer participating in the making thereof, will be jointly and severally liable to the fund for the amount of such loan until re”

“In determining the salary of the Policy Director, the Board of Directors reviewed the pay of key employees at similarly situated 501(c)(4) organizations and set compensation for the Policy Director based on the findings of this review and in light of the Policy Director's experience and the Organization's needs.”

“In 2022, The Organization disclosed on its blog its estimated expenditures for each month of its operations. No other documents were made available on its website in 2022.”

“Impairment expense -2,611,853.”