The Morrison & Foerster Foundation

“In 2024, officer david a. Ephraim shared a business relationship by also serving as an officer, director, trustee, or key employee of morrison & foerster llp.”

“The foundation's bylaws provide that the chair of morrison & foerster llp or, in the event there is no longer a chair, a partner of morrison & foerster llp who serves the same function as that previously served by the chair, shall annually name all of the directors of the foundation.”

“The foundation's outside auditor preparers its form 990, which is first provided to its controller, cfo, foundation manager, chair, and audit committee. After any questions by those individuals have been resolved, the foundation manager sends the updated form 990, with required schedules, directly to the board for review and written approval. If a director raises a question that results in a revision to the draft, the foundation manager sends the revised draft directly to the board for final review and approval. The foundation manager later posts a copy of the filed form 990 and required schedules on the board's secure portal site as promptly as reasonably practical after the filing.”

“The conflict of interest policy obligates each member of the foundation's board of directors, each officer, and each representative with board-delegated powers to disclose any actual or potential conflicts between their own interests or those of their immediate family members and those of the foundation. Such information is gathered on a questionnaire distributed annually by the foundation manager, who then reviews all questionnaires for completeness and common interests. In addition, all individuals governed by this policy are obligated to disclose to the foundation manager any new actual or potential conflicts as they arise. The foundation manager alerts the foundation's president or board, as required, of potential or actual conflicts needing review. Common interests with a non-economic basis are reviewed and resolved by the foundation's president if brought through the foundation's community grants program; where the president has the common interest, the foundation's chair reviews and resolves such conflicts. All common interests with an economic basis, and common interests with a non-economic basis that are brought through the foundation's national grants program, are reviewed and resolved by the foundation's board, excluding any interested directors. No individual may participate in the consideration of a proposal, other than by responding to due diligence inquiries, or vote on or otherwise take part in any decision of the foundation, that directly or indirectly provides economic benefits to such person or a member of such person's immediate family.”

“The foundation has no employees and does not compensate any of its officers for their service to the foundation.”

“The foundation makes copies of its governing documents, corporate governance policies and the three most recent years' audited financial statements available to the public on request and by inspection at its office.”

“The audit committee assumes responsibility for oversight of the audit of the foundation's financial statements and for recommending to the full board the selection of an independent accountant. The process has not changed from the prior year.”

“Form 990, part i, line 6 - volunteers: the foundation is run entirely by volunteers who are partners or employees of morrison & foerster llp. The number of volunteers is based on the number of partners and employees serving on the board of directors.”

“Because the foundation did not have any reportable payments to vendors or reportable gaming winnings to prize winners, its activities did not trigger any backup withholding requirements.”

“Because the foundation did not receive any contributions of qualified intellectual property, it was not required to file form 8899.”

“Because the foundation did not receive any contributions of cars, boats, airplanes, or other vehicles, it was not required to file a form 1098-c.”