| FORM 990, PART VI, SECTION A, LINE 7A |
PURSUANT TO THE FOUNDATION'S RESOLUTION AND DECLARATION OF TRUST, ITS GOVERNING DOCUMENT, EACH OF THE FOLLOWING HAS AUTHORITY TO APPOINT ONE MEMBER OF THE BOARD OF DIRECTORS - CHIEF JUSTICE OF THE SUPREME COURT OF THE STATE OF CONNECTICUT, MAJORITY VOTE OF THE PRESIDENTS OF THE COLLEGES THAT ARE FULL MEMBERS OF THE HARTFORD CONSORTIUM OF HIGHER EDUCATION, JUDGE OF THE PROBATE COURT FOR THE DISTRICT OF HARTFORD, CHAIR OF THE BOARD OF DIRECTORS OF THE UNITED WAY OF CENTRAL AND NORTHEASTERN CONNECTICUT, CHAIR OF THE BOARD OF DIRECTORS OF THE METROHARTFORD ALLIANCE, TRUSTEES COMMITTEE, WHOSE APPOINTEE SHALL NOT BE AN EXECUTIVE OFFICER OF ANY OF THE TRUSTEE CORPORATIONS THEN ACTING. |
| FORM 990, PART VI, SECTION A, LINE 7B |
UNDER THE FOUNDATION'S RESOLUTION AND DECLARATION OF TRUST, A MAJORITY VOTE BY THE TRUSTEES COMMITTEE IS REQUIRED TO APPROVE AMENDMENTS TO THE RESOLUTION AND DECLARATION OF TRUST, INCLUDING THE POWER TO APPROVE A DECISION BY THE BOARD OF DIRECTORS TO TERMINATE THE FOUNDATION AND ALL THE POWERS AND DUTIES OF THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION B, LINE 11B |
THE FORM 990 IS PREPARED BY THE FOUNDATION'S INDEPENDENT AUDITORS, AND THEN REVIEWED BY THE FOUNDATION'S FINANCIAL AND EXECUTIVE STAFF. THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE 990. THE BOARD OF DIRECTORS APPROVES THE FORM 990 FOR FILING WITH THE IRS ON THE RECOMMENDATION OF THE AUDIT COMMITTEE. |
| FORM 990, PART VI, SECTION B, LINE 12C |
INFORMATION GATHERING ANNUALLY, THE BOARD OF DIRECTORS, INVESTMENT COMMITTEE MEMBERS (INCLUDES NON-DIRECTORS) AND ALL STAFF MEMBERS ARE ASKED TO REVIEW THE CONFLICT OF INTEREST POLICY AND COMPLETE THE DISCLOSURE FORM, INFORMATION FROM WHICH IS REVIEWED IN CONNECTION WITH GRANT PROPOSALS OR NEW VENDOR RELATIONSHIPS. REVIEW AND MONITORING - BOARD AND STAFF CONFLICTS DISCLOSURE FORMS ARE REVIEWED BY THE PRESIDENT. - BOARD AND SENIOR STAFF CONFLICTS ARE THEN COMPILED IN A CHART FOR DISTRIBUTION TO THE FOUNDATION'S PROGRAM STAFF FOR REGULAR REVIEW AS GRANT WRITE-UPS ARE PREPARED AND SUBMITTED TO THE BOARD. - DIRECTORS ARE FURTHER ASKED TO DISCLOSE CONFLICTS, OR POTENTIAL CONFLICTS, BEFORE ACTION IS TAKEN ON ANY GRANT PROPOSAL. THE DIRECTOR OR SENIOR STAFF MEMBER MUST ABSTAIN FROM ACTING ON ANY PROPOSAL WHEN THERE IS A CONFLICT OR POTENTIAL CONFLICT OF INTEREST. - CONFLICTS AND ABSTENTIONS ARE NOTED IN THE BOARD MEETING MINUTES. |
| FORM 990, PART VI, SECTION B, LINE 15 |
COMPENSATION DETERMINATION - REVIEW OF PERFORMANCE OF CHIEF EXECUTIVE OFFICER BY THE DIRECTORS, NONE OF WHOM HAS A CONFLICT OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT. - BOARD CHAIR AND VICE CHAIR EXECUTE A CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION IN WRITING, PRIOR TO ANY COMPENSATION ADJUSTMENT FOR THE CEO. - A SIMILAR PROCESS OCCURS FOR THE CEO'S REVIEW OF THE OTHER SENIOR MANAGEMENT OFFICIALS. - THIS PROCESS IS UNDERTAKEN ANNUALLY, INCLUDING 2021. |
| FORM 990, PART VI, SECTION C, LINE 19 |
CORPORATE GOVERNANCE DOCUMENTS ARE PART OF THE PUBLIC FILES OF THE CT SECRETARY OF STATE, AUDITED FINANCIAL STATEMENTS AND QUARTERLY INVESTMENT PERFORMANCE DATA ARE AVAILABLE ON OUR WEBSITE, AND THE OTHERS ARE AVAILABLE UPON REQUEST. |
| FORM 990, PART XI, LINE 9: |
CHANGE IN VALUE/SPLIT-INTEREST 544,712. |
Attach to Form 990 or 990-EZ.