Skagit Community Foundation

“The board of directors will review form 990 before it is submitted. Upon approval, the chairperson will sign the form.”

“Conflict of interest policy and procedure: the president shall disseminate, in january of each year, a conflict of interest disclosure form to the members of its board of directors, officers, staff and volunteers and each shall be responsible to: 1. Not knowingly become involved in any entity, transaction, activity, contract or other matter which places the undersigned in a conflict of interest with the foundation which has not previously been disclosed to the foundation; 2. If any become involved in any entity, transaction, activity, contract or other dealing which he or she believes will result in a conflict of interest with the foundation, then he or she should immediately disclose the existence of such conflict to the foundation, should endeavor to refrain from exerting his or her personal influence over the decision of such matter, shall not vote on the matter, and (as appropriate) shall be absent from discussions, recommendations, determinations and decisions regarding the particular matter; and 3. Each will hold in strictest confidence any and all confidential information obtained with respect to the operations of the foundation and its affairs.”

“Determining compensation of the foundation's executive director is a process which involves comparing available data of those serving in similar functions in the surrounding areas. Once an amount has been determined, it is brought before the board for approval.”

“Any interested party may view and/or print a copy of skagit community foundation's recent irs form 990 or irs form 990-t (if filed) from either the organization's website at www.skagitcf.org or guidestar's website at www.guidestar.com as well as upon verbal or written request.”

“The governing documents are made available to the public upon written request.”

“Realized gain on sale of securities -2,441.”