Elizabeth L Battle Trust for St. Philips Church

“The trustees review the return prior to filing.”

“The trustees will make available a copy of the 990 at the address of the trust”

“The elizabeth l. Battle trust for st. Philip's church will provide an endowed fund for the sole use and benefit of the protestant episcopal church of the parish of saint philip (hereinafter st. Philip's church) (ein 57-032-7892).”

“Fiduciary and conflict of interest and compensation 1. The current trustees serve without compensation. 2. All actions of the trustees are subject to review by the supported organzation (st. Phillips church) as follows: trust review committee. The vestry shall appoint a committee of no less than three nor more than five persons (the trust committee) which shall be given complete access to all information. The trust committee shall be comprised of at least one member of the vestry and at least two members of the congregation of the church who are not on the vestry. The other two members of the trust committee (if more than three are appointed) may be members of the vestry, of the church (but not the vestry), or may be completely unaffiliated with st. Philip's. The trust committee shall be comprised of at least one person experienced in investment matters and one person who is either (a) a certified public accountant (practicing or retired), or (b) an attorney (practicing or retired) who is knowledgeable in fiduciary responsibilities.the trust committee shall provide a written report to the vestry with respect to the trust activities no less frequently than semi-annually, or on such more frequent schedules (regular or event driven) with respect to its views of the trust management, including its returns and expenses. It shall be the duty of the trust committee to review such books and make a written report to the general congregation of the church as to the condition of the trust on an annual basis.”