Standards of Independence
No
Trustee qualifies as "independent" for purposes of
membership of the Foundation’s Board of Trustees or any
Board Committee:
-
If, in the opinion of the Board, the Trustee has a relationship
with the Foundation that would interfere with the exercise
of independent judgment in carrying out the responsibilities
of a Trustee;
-
Who is a partner in, or a controlling shareholder of, any
organization to which the Foundation made, or from which
the Foundation received, payments for property or services,
or to which the Foundation made grants, in the current
year or in any of the past three fiscal years that exceeded
$100,000, other than payments under nondiscretionary charitable
contribution matching programs;
-
Who is or was at any time during the past three years employed
as an executive officer of another entity where at the
time of such employment any of the executive officers of
the Foundation served on the compensation committee of
such other entity; and
-
Who is a current partner of the Foundation’s outside auditor or was a
partner or employee of the Foundation’s outside auditor
who worked on the Foundation’s audit at any time
during any of the past three years.
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