Bill and Vieve Gore Endowment Fund

“There are no committees with authority to act on behalf of the governing body.”

“The bill and vieve gore endowment fund (the "gore endowment fund") tax return is completed by cliftonlarsonallen llp, and reviewed by the director of budget and financial reporting, associate vp for finance and administration, and the vp for finance and administration. Once completed, the documents are reviewed by the audit and risk management committee and submitted electronically to the gore trustees. Once the trustees have reviewed, the return is transmitted electronically to the irs.”

“The treasurer of the bill and vieve gore endowment fund will collect statements of disclosure from all trustees, officers, and key employees each year. The audit and risk management committee of westminster university will review each statement of disclosure for actual or potential conflicts of interest, including, but not limited to, the following factors: - solicitation or acceptance of gifts, gratuities, free travel, or other items of value that could create the appearance of a conflict or an expectation of special treatment in gore endowment matters. - incidents of abuse or misuse of an individual's position for personal or third-party gain or benefit . - use of the gore endowment's staff, services, equipment, materials, resources, or property for personal or third party gain, or representing to third parties that one's authority as a trustee, officer, volunteer, or key employee is more extensive than it is in actuality. - situations where a trustee, officer, or key employee may be divided between personal interests or the interests of another organization and the best interest of the gore endowment - engagement in business, professional conduct, or other activities that may be directly or indirectly adverse to the interests of the gore endowmnet; and, any arrangements in which a trustee, officer, or key employee provides goods or services to the gore endowment as a paid vendor or outside service-provider. The audit and risk management committee may request additional information from any trustee, officer, or key employee at any time. While an individual's relationships or activities are under review, the individual may not deliberate, debate, or vote until a determination is made.”

“The following records of the bill and vieve gore endowment fund are available for public inspection and copying, upon request: -exemption letter -audited financial statements for the three fiscal years prior to the date of the request -tax filings form 990 for the three fiscal years prior to the date of the request -conflict of interest policy -trust agreement to make a request to inspect and/or acquire copy of these records, contact the associate vp for finance and administration, office of administrative services, at (801) 832-2133.”

“The process for oversight and selection of an independent accountant has not changed from the prior year.”