2024-05-10T16:03:03+00:00 2023-06-30 346565596 Ernst & Young US LLP 7676 Forsyth Blvd Ste 2600 Clayton MO 63105 990 2022-07-01 616400249 Leon Karelitz Charitable Trust LEON 7858327400 C/O KU Endowment PO Box 928 Lawrence KS 660440928 James G Clarke Treasurer 7858327400 2024-05-10 true James Clarke 999009999 true COLLIN K ROHS P01895688 3142901000 2022 2023-04-26 12:10:37Z DANIEL J MARTIN C/O KU Endowment PO Box 928 Lawrence KS 660440928 46767 false X N/A X 2010 KS To provide support for the benefit of the University of Kansas School of Law. 1 1 0 0 0 0 0 0 0 0 39394 46767 0 0 39394 46767 19560 35494 0 0 489 887 0 0 0 2318 2400 22367 38781 17027 7986 2119185 2040107 0 0 2119185 2040107 To provide support for the benefit of the University of Kansas School of Law. false false 35494 35494 0 To provide support to enhance the teaching of evidence at the University of Kansas School of Law. 35494 true false false false false false false false false false false false false false false false false false false false false false false false false false true false false false false false false false false false false false false false false false true true false false false true 0 0 0 false false false false false false false false false false false false X 1 1 false false false false false false false true true false false true true true true true true false false false X James Clarke Treasurer 7858327400 1891 Constant Avenue Lawrence KS 660473743 THE KANSAS UNIVERSITY ENDOWMENT ASSOCIATION TRUSTEE 1.0 1.0 X 887 0 0 887 0 0 0 false false false 0 0 0 0 0 0 0 46767 46767 0 0 0 0 0 0 0 0 0 46767 0 0 46767 35494 35494 0 0 887 887 2400 2400 0 0 0 0 0 0 0 0 38781 35494 3287 0 4401 7986 0 0 0 0 0 0 0 0 2114784 2032121 0 0 0 0 2119185 2040107 0 0 0 0 0 0 0 0 X 2119185 2040107 2119185 2040107 2119185 2040107 7986 -87064 0 X false false false X X X 1 The Kansas University Endowment Association 480547734 5 true 35494 0 1 35494 0 true false false false false false false false false false false false false false false true false true THE KANSAS UNIVERSITY ENDOWMENT ASSOCIATION 1891 CONSTANT AVENUE LAWRENCE KS 660473743 480547734 501(C)(3) 35494 SUPPORT OF THE UNIVERSITY OF KANSAS SCHOOL OF LAW TO ENHANCE THE TEACHING OF EVIDENCE. 1 0 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. All grants are awarded in accordance with the trust documents which outline the amount and nature of the annual grant. As trustee, KU Endowment, maintains separate books and records for the trust in order to properly account for the assets held by the trust. Form 990, Part VI, Line 11b Review of form 990 by governing body Upon completion of review by an external tax preparer, a copy of the Form 990 is made available to the Executive Committee of the Trustee, The Kansas University Endowment Association. Form 990, Part VI, Line 12c Conflict of interest policy As the Trustee of the Leon Karelitz Charitable Trust, The Kansas University Endowment Association (KU Endowment) operates under a conflict of interest policy, which is as follows: 1. Duty to Disclose a. In connection with any actual or possible conflicts of interest, an interested person must promptly disclose the existence and all material facts about the nature of his or her financial interests to the Executive Committee or the other members of committees with Executive Committee-delegated powers prior to such committee authorizing or approving KU Endowment or one of its subsidiaries entering into or negotiating a proposed transaction or arrangement. b. Unless previously disclosed in accordance with this Policy, in connection with any actual or possible conflicts of interest, an interested person must promptly disclose the existence and all material facts about the nature of his or her financial interests to the Executive Committee or the President of KU Endowment whenever such person becomes aware that (i) KU Endowment or one of its subsidiaries already has an existing transaction or arrangement in which such interested person has or is acquiring a financial interest or (ii) the Executive Committee, a committee with Executive Committee-delegated authority or any officer of KU Endowment or one of its subsidiaries is deliberating about or deciding whether to take an action or to refrain from taking an action with respect to a transaction or arrangement with respect to which such interested person has a financial interest. 2. Determining Whether a Conflict of Interest Exists After disclosure of the financial interest, the interested person shall leave, or not attend, as the case may be, any portion of a meeting of the Executive Committee or committee with Executive Committee-delegated powers while the financial interest is discussed and voted upon by the remaining members of such committee. The remaining Executive Committee members or committee members, as the case may be, shall decide if a conflict of interest exists and, if so, will address it. 3. Procedures for Addressing the Conflict of Interest a. The chairperson of the Executive Committee or committee with Executive Committee-delegated powers shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement or, in the case of an existing transaction or arrangement, taking or refraining from taking action with respect to such existing transaction or arrangement. b. After exercising due diligence, the Executive Committee or committee with Executive Committee-delegated powers shall determine whether KU Endowment can obtain a more advantageous transaction or arrangement with reasonable efforts from a person or entity that would not give rise to a conflict of interest. c. If a more advantageous transaction or arrangement is not reasonably attainable under circumstances that would not give rise to a conflict of interest, the Executive Committee or committee with Executive Committee-delegated powers shall determine by a majority vote of the disinterested members whether or not: (i) the transaction or arrangement, or the action or refraining from taking action, as the case may be, is in KU Endowment's best interests; (ii) the transaction or arrangement or action or refraining from taking action, as the case may be, is for KU Endowment's own benefit; (iii) the transaction or arrangement or action or refraining from taking action, as the case may be, is fair and reasonable to KU Endowment; and (iv) to enter into the transaction or arrangement or take or refrain from taking action, as the case may be, in conformity with such determinations. 4. Violations of the Conflict of Interest Policy a. If the Executive Committee or committee with Executive Committee-delegated powers has reasonable cause to believe that an individual is an interested person who has failed to disclose actual or possible conflicts of interest, it shall inform the individual of the basis for such belief and afford the individual an opportunity to explain the alleged failure to disclose. b. If, after hearing the response of such an individual and making such further investigation as may be warranted in the circumstances, the Executive Committee or committee with Executive Committee-delegated powers determines that the individual has in fact failed to disclose an actual or possible conflict of interest, it shall take, or direct the President of KU Endowment to take, appropriate disciplinary and corrective action. Form 990, Part VI, Line 19 Required documents available to the public The Leon Karelitz Charitable Trust's governing documents, financial statements, and the conflict of interest policy of its trustee (The Kansas University Endowment Association) are available upon request at 1891 Constant Avenue, Lawrence, KS 66047, 785-832-7400. The information may be mailed or sent electronically if requested. The Kansas University Endowment Association PO Box 928 Lawrence KS 660440928 480547734 University of Kansas support KS 501(c)(3) 5 NA false The KU Endowment Charitable Gift Fund PO Box 928 Lawrence KS 660440928 200317170 Support for KU Endowment and 501(c)(3)'s named in governing document. KS 501(c)(3) Type I Kansas University Endowment Association true Virgil and Pauline Brown Memorial Trust PO Box 928 Lawrence KS 660440928 467074121 Support for KU Endowment pursuant to governing document. KS 501(c)(3) Type I Kansas University Endowment Association true false true false false false false false false false false false false false false false false false false false