The Kirkpatrick Foundation, Inc. is governed by a board of fifteen trustees and one advisor who endeavor to maintain the highest standards of fiduciary and philanthropic practice. The board includes four committees: Executive and Finance, Investment, Grants, and Nominating. Each year, the Kirkpatrick Foundation files a 990-PF and makes it available to anyone who inquires. The corporation shall have perpetual existence.

CONFLICT OF INTEREST

On March 13, 2001, the Kirkpatrick Foundation Board of Trustees updated its Conflict of Interest policy, which states that no trustee shall use his or her position, or knowledge gained there from, in such a manner that a conflict between the interest of the foundation and his or her personal interests arises. The conduct of personal business between any foundation trustee and the foundation is prohibited. Trustees may not obtain for themselves, their relatives, or their friends a material interest of any kind from their association with the foundation.

If a trustee has an interest in a proposed transaction with the foundation in the form of a personal financial interest in the transaction or in any organization involved in the transaction, or holds a position as trustee, director, or officer in any such organization, he or she must make full disclosure of such interest before any discussion or action upon such transaction.

If a trustee or a member of that person’s immediate family receives money from, is a major contributor to, or serves as an advisor, director, or trustee with an organization which may receive funds from the foundation, then he or she must make full disclosure of such interest before any discussion or action upon a pending grant request from that organization.