TY 2020 Form 990 Schedule O

Instrumentl eFile RenderObject ID: 202142929349301604 - Rendered 2024-05-05 TIN: 14-1782466

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
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Attach to Form 990 or 990-EZ.
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Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2020

Open to Public
Inspection

Name of the organization

THE AYCO CHARITABLE FOUNDATION

Employer identification number

14-1782466

Return Reference	Explanation
FORM 990, PART V LINE 1A	HONORARIA PAYMENTS TO ACF DIRECTORS ARE MADE BY ACF'S ADMINISTRATOR PURSUANT TO AN ADMINISTRATIVE SERVICES AGREEMENT. THE FORMS 1099 MISC/FORM 1096 RELATED TO THESE PAYMENTS ARE FILED UNDER FEDERAL TAX ID NUMBER 13-4019460. FORM 990, PART VI, SECTION A, LINE 2 - BUSINESS RELATIONSHIPS THE FOLLOWING DIRECTORS AND OFFICERS HAVE A BUSINESS RELATIONSHIP WITH EACH OTHER BECAUSE THEY ARE OFFICERS IN THE SAME BUSINESS OR THEY ARE EMPLOYED BY A COMPANY WHERE AN AYCO CHARITABLE FOUNDATION DIRECTOR OR OFFICER IS AN OFFICER: ROBERT FRITZ (UNTIL 10/2020), BRIAN DESILVA,DARRYL GOLD, STEPHANIE JAQUEZ, CHRISTOPHER O'KEEFE, DEBORAH LEONE, ESTA STECHER, MAE CAVOLI. FORM 990, PART VI, SECTION A, LINE 4 - SIGNIFICANT CHANGES TO GOVERNING DOCUMENTS IN 2020, AYCO CHARITABLE FOUNDATION AMENDED ITS BYLAWS. SIGNIFICANT CHANGES WERE AS FOLLOWS: - THE NUMBER OF DIRECTORS SHALL BE SET BY A MAJORITY VOTE OF THE ENTIRE BOARD PROVIDED THE NUMBER OF DIRECTORS SHALL NOT BE LESS THAN 3 - DIRECTORSOFFICERS' TERMS WERE REDUCED FROM 3 YEARS TO 1 YEAR - DIRECTORS MAY RECEIVE A REASONABLE FEE FOR EACH BOARD OR COMMITTEE MEETING AND SUCH OTHER REASONABLE COMPENSATION FOR SERVICES AS DETERMINED BY THE BOARD, OFFICERS MAY BE PAID SUCH REASONABLE FEES AS SHALL BE FIXED BY THE BOARD AND OFFICERS SHALL NOT BE PREVENTED FROM RECEIVING SALARY OR OTHER COMPENSATION BY REASON OF THE FACT THAT THE OFFICER IS ALSO A DIRECTOR - ANY TWO OR MORE OFFICES MAY BE HELD BY THE SAME PERSON WITH THE EXCEPTION OF PRESIDENT AND SECRETARY - FISCAL YEAR END CHANGED FROM JUNE 30 TO DECEMBER 31 PART VI, SECTION B, LINE 11 - GOVERNING BODY THE AYCO CHARITABLE FOUNDATION'S ("ACF") FORM 990 IS PREPARED BY PRICEWATERHOUSECOOPERS LLP AND IS REVIEWED BY ACF SENIOR LEADERSHIP AND DISTRIBUTED TO THE FULL BOARD OF DIRECTORS IN ADVANCE OF FILING.
FORM 990, PART VI SECTION B LINE 12C - POLICIES	THE AYCO CHARITABLE FOUNDATION'S CONFLICT OF INTEREST POLICY IS DISTRIBUTED TO DIRECTORS AND OFFICERS ANNUALLY ALONG WITH A QUESTIONNAIRE THAT IS COMPLETED BY ALL OFFICERS AND DIRECTORS IN WHICH THEY ARE ASKED SPECIFIC QUESTIONS AND DISCLOSE INFORMATION REGARDING ACTUAL OR POTENTIAL CONFLICTS OF INTEREST BETWEEN THE ORGANIZATION AND THEMSELVES. THESE QUESTIONNAIRES ARE COLLECTED AND REVIEWED ANNUALLY TO ENSURE COMPLIANCE WITH THE ORGANIZATION'S CONFLICT OF INTEREST POLICY. THE POLICY ITSELF ALSO REQUIRES ANY DIRECTOR OR OFFICER TO PROMPTLY DISCLOSE ANY CONFLICTS. INTERESTED DIRECTORS AND OFFICERS ARE REQUIRED TO RECUSE THEMSELVES FROM ANY DECISION ON MATTERS IN WHICH THEY HAVE AN INTEREST, AND SUCH RECUSAL IS NOTED IN THE BOARD MEETING MINUTES.
FORM 990, PART VI SECTION C LINE 19 - GOVERNING DOCUMENTS	THE AYCO CHARITABLE FOUNDATION'S FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C - COMMITTEE RESPONSIBILITY THE AYCO CHARITABLE FOUNDATION BOARD OF DIRECTORS HAS ESTABLISHED AN AUDIT COMMITTEE MADE UP OF MEMBERS OF THE BOARD. THE BOARD HAS DELEGATED RESPONSIBILITY AND OVERSIGHT OVER THE AUDIT REVIEW AND COMPILATION OF FINANCIAL STATEMENTS TO THE AUDIT COMMITTEE. THE SELECTION OF AN INDEPENDENT ACCOUNTANT IS APPROVED BY THE ENTIRE BOARD AND NOT DELEGATED TO A COMMITTEE.

Return Reference

Explanation

FORM 990, PART V LINE 1A

HONORARIA PAYMENTS TO ACF DIRECTORS ARE MADE BY ACF'S ADMINISTRATOR PURSUANT TO AN ADMINISTRATIVE SERVICES AGREEMENT. THE FORMS 1099 MISC/FORM 1096 RELATED TO THESE PAYMENTS ARE FILED UNDER FEDERAL TAX ID NUMBER 13-4019460. FORM 990, PART VI, SECTION A, LINE 2 - BUSINESS RELATIONSHIPS THE FOLLOWING DIRECTORS AND OFFICERS HAVE A BUSINESS RELATIONSHIP WITH EACH OTHER BECAUSE THEY ARE OFFICERS IN THE SAME BUSINESS OR THEY ARE EMPLOYED BY A COMPANY WHERE AN AYCO CHARITABLE FOUNDATION DIRECTOR OR OFFICER IS AN OFFICER: ROBERT FRITZ (UNTIL 10/2020), BRIAN DESILVA,DARRYL GOLD, STEPHANIE JAQUEZ, CHRISTOPHER O'KEEFE, DEBORAH LEONE, ESTA STECHER, MAE CAVOLI. FORM 990, PART VI, SECTION A, LINE 4 - SIGNIFICANT CHANGES TO GOVERNING DOCUMENTS IN 2020, AYCO CHARITABLE FOUNDATION AMENDED ITS BYLAWS. SIGNIFICANT CHANGES WERE AS FOLLOWS: - THE NUMBER OF DIRECTORS SHALL BE SET BY A MAJORITY VOTE OF THE ENTIRE BOARD PROVIDED THE NUMBER OF DIRECTORS SHALL NOT BE LESS THAN 3 - DIRECTORSOFFICERS' TERMS WERE REDUCED FROM 3 YEARS TO 1 YEAR - DIRECTORS MAY RECEIVE A REASONABLE FEE FOR EACH BOARD OR COMMITTEE MEETING AND SUCH OTHER REASONABLE COMPENSATION FOR SERVICES AS DETERMINED BY THE BOARD, OFFICERS MAY BE PAID SUCH REASONABLE FEES AS SHALL BE FIXED BY THE BOARD AND OFFICERS SHALL NOT BE PREVENTED FROM RECEIVING SALARY OR OTHER COMPENSATION BY REASON OF THE FACT THAT THE OFFICER IS ALSO A DIRECTOR - ANY TWO OR MORE OFFICES MAY BE HELD BY THE SAME PERSON WITH THE EXCEPTION OF PRESIDENT AND SECRETARY - FISCAL YEAR END CHANGED FROM JUNE 30 TO DECEMBER 31 PART VI, SECTION B, LINE 11 - GOVERNING BODY THE AYCO CHARITABLE FOUNDATION'S ("ACF") FORM 990 IS PREPARED BY PRICEWATERHOUSECOOPERS LLP AND IS REVIEWED BY ACF SENIOR LEADERSHIP AND DISTRIBUTED TO THE FULL BOARD OF DIRECTORS IN ADVANCE OF FILING.

FORM 990, PART VI SECTION B LINE 12C - POLICIES

THE AYCO CHARITABLE FOUNDATION'S CONFLICT OF INTEREST POLICY IS DISTRIBUTED TO DIRECTORS AND OFFICERS ANNUALLY ALONG WITH A QUESTIONNAIRE THAT IS COMPLETED BY ALL OFFICERS AND DIRECTORS IN WHICH THEY ARE ASKED SPECIFIC QUESTIONS AND DISCLOSE INFORMATION REGARDING ACTUAL OR POTENTIAL CONFLICTS OF INTEREST BETWEEN THE ORGANIZATION AND THEMSELVES. THESE QUESTIONNAIRES ARE COLLECTED AND REVIEWED ANNUALLY TO ENSURE COMPLIANCE WITH THE ORGANIZATION'S CONFLICT OF INTEREST POLICY. THE POLICY ITSELF ALSO REQUIRES ANY DIRECTOR OR OFFICER TO PROMPTLY DISCLOSE ANY CONFLICTS. INTERESTED DIRECTORS AND OFFICERS ARE REQUIRED TO RECUSE THEMSELVES FROM ANY DECISION ON MATTERS IN WHICH THEY HAVE AN INTEREST, AND SUCH RECUSAL IS NOTED IN THE BOARD MEETING MINUTES.

FORM 990, PART VI SECTION C LINE 19 - GOVERNING DOCUMENTS

THE AYCO CHARITABLE FOUNDATION'S FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C - COMMITTEE RESPONSIBILITY THE AYCO CHARITABLE FOUNDATION BOARD OF DIRECTORS HAS ESTABLISHED AN AUDIT COMMITTEE MADE UP OF MEMBERS OF THE BOARD. THE BOARD HAS DELEGATED RESPONSIBILITY AND OVERSIGHT OVER THE AUDIT REVIEW AND COMPILATION OF FINANCIAL STATEMENTS TO THE AUDIT COMMITTEE. THE SELECTION OF AN INDEPENDENT ACCOUNTANT IS APPROVED BY THE ENTIRE BOARD AND NOT DELEGATED TO A COMMITTEE.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2020

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