Kentfield Schools Foundation

“The board of directors includes parents of the children in the kentfield school district. Many of the parents are both members of the board of directors.”

“This fiscal year the Kentfield Schools Foundation adopted an updated bylaws document. In addition to minor changes, major revisions include: Changes and additions to the Specific & Primary purpose Updated limitations section related to KSD and labor union disputesUpdated and expanded Director qualifications clarifying that a Director may not have an association with a paid representative of the Kentfield Teachers Association (KTA), or Kentfield Educator Support Professionals Association (KESPA).Expanded Board duties to include the following: To adopt the Endowment Policy and to make and approve modifications to such policy from time to time; provided, however, that upon adoption of the initial Endowment Policy by a majority vote of the Board in accordance with Section 4.4 of these Bylaws, the Endowment Policy may only be amendedMeeting logistics/notice of meetings requirements, including for electronic notice of meetingsChanges to committees and associated functions & operations, including the removal of the Investment Committee as well as revisions to the composition, function and requirements of the Endowment Committee and associated policy.Changes to the length of the term an Officer may serve in particular office and the amendment stating that In the event of a vacancy in the position of any Vice President position described above, the President may perform the duties of such position until such time as the vacancy has been filled.Updated requirements for the Executive Directors role, including quarterly reviews with Treasurer of receipts, expenses & reimbursements, in addition to annual performance & compensation review with President & Treasurer.Removal of article 7 related to the Lawrence Santa Educational Fund and Article 8 The Endowment FundAs part of these changes, the Kentfield Schools Foundation compiled & adopted a standalone Endowment Policy (separate from the bylaws) with adoption and any modification to such Policy subject to approval by the Board as discussed above.”

“Reviewed by the executive director and treasurer of the organization and distributed to all board members before filed.”

“ANNUAL DISCLOSURE FORM.”

“Available upon written request.”