The American Himalayan Foundation

“In accordance with common practice in the nonprofit community, the Board delegates certain matters to the Executive Committee, which is empowered to act between board meetings if necessary, and sometimes with specifically delegated authority to act in particular areas on behalf of the full Board. The Executive Committee shall, subject to the approval of the Board, have general supervision, direction, management and control of the affairs and business of the corporation, as they may deem best. The Executive Committee shall act in the place of the Board of Directors in all matters except those set out in Article V, Section 1 of the Foundations restated bylaws.”

“Board member Heidi Blum is related to Board Chairman Richard C. Blum (daughter).Board member Eileen Mariano is related to Board Chairman Richard C. Blum (granddaaughter).Board Chairman Richard C. Blum and Board Secretary Michael Klein are engaged in a business investment not related to The American Himalayan Foundation in which they are both greater than 10% owners. Chairman Richard C. Blum and Board member David Bonderman are engaged in business investments not related to The American Himalayan Foundation in which they are both greater than 10% owners. Board Treasurer Louis Reichardt is employed by the Simons Foundation of which Board member James Simons is the major funder.”

“Form 990 is prepared by an outside tax professional. The form is then reviewed by the organization's management and a member of the Board of Directors. This group of individuals then discusses the contents of the return with the outside tax professional. After a full review, the final version of the tax return is provided to all members of the Board Executive Committee. A representative of management authorizes the final form 990 which is then e-filed with the internal revenue service.”

“Members of the Board of Directors review all potential conflicts of interest at least annually. The executive director and all Board members are required to disclose (in writing) potential conflicts and any related party affiliations. Loans between the organization and members of management and the Board are strictly prohibited. The organization seeks full transparency on all relationships. Any potential conflicts (in fact or appearance) are discussed openly and resolved in accordance with the organization's policies and procedures.”

“The Chairman of the Board determines the rate of pay of the President periodically in accordance with IRS rules and regulations. Efforts are made to secure compensation data from industry sources in order to determine competitiveness and appropriateness of salaries. Every effort is made to ensure that the process is thorough and transparent in accordance with IRS guidelines and the organization's policies and procedures.”

“Compensation of other personnel is reviewed periodically by the President. Efforts are made to secure compensation data from industry sources in order to determine competitiveness and appropriateness of salaries and all related benefits.”

“All of the organization's governing documents, financial statements, and other legal filings are maintained in a secure environment and held available for inspection by tax authorities and the general public. Tax returns are posted annually to www.guidestar.org (where they are available for viewing as electronic copies) and are also available for a physical inspection at the organization's office in San Francisco, California.”

“Change in discount LT Receivables = -$38339”

“Change in unrealized gain on investments = -$457432”

“Loss from life insurance performance = -$213772”

“The audited financial statements are prepared by a qualified and licensed independent audit firm. The audit report is reviewed and approved by the organization's management and the Board of Directors.”