2025-10-31T09:17:49+00:00 2024-12-31 440160260 Forvis Mazars LLP 135 West 50th Street New York NY 10020 990 2024-01-01 133115145 Tibet Fund Inc TIBE 2122135011 241 EAST 32ND STREET NEW YORK NY 10016 Lhakpa Tsering DIRECTOR OF FINANCE AND GRANTS 2122135011 2025-10-31 true true Aaron Shapiro P01333816 2128127000 2025-10-10 2024 2025-03-06 01:10:19Z ROBERT ANKERSON 241 EAST 32ND STREET NEW YORK NY 10016 18004621 false X WWW.TIBETFUND.ORG X 1981 NY THE FUND'S MISSION IS TO HELP TIBETANS REBUILD AND IMPROVE THEIR LIVES AND PRESERVE THEIR DISTINCT CULTURAL HERITAGE AND NATIONAL IDENTITY. 11 11 6 11 0 12106899 17109385 0 264435 358157 17933 5996 12389267 17473538 10926442 12187024 0 593262 634655 0 97167 284023 353153 11803727 13174832 585540 4298706 9682601 14429768 1222516 1410206 8460085 13019562 X Founded in 1981 under the patronage of His Holiness the Dalai Lama, The Tibet Fund is the leading nonprofit organization dedicated to safeguarding Tibet's cultural heritage and strengthening Tibetan communities, both in exile and inside Tibet. false false 3722492 3688421 0 SAFEGUARDING CULTURAL HERITAGE-- Tibetan cultural heritage and national identity are the fabric that binds the Tibetan people together and gives enduring momentum to their struggle for freedom and justice. The Tibet Fund works with multiple partners to sustain Tibetan traditions and strengthen cultural resilience. 3236550 3209375 0 COMMUNITY EMPOWERMENT-- The Tibet Fund builds self-reliance by improving livelihoods to increase family incomes and employment. We support training and financing for microenterprises, vocational skills training for unemployed youth, and cash crop development for farmers, focusing on women and female-led households. 2907946 2860406 0 THE GIFT OF EDUCATION - FOR THE PAST 36 YEARS, WITH FUNDING FROM THE U.S. STATE DEPARTMENT FROM 1988, AS OF 2024, THE TIBET FUND'S TIBETAN SCHOLARSHIP PROGRAM HAS ENABLED 496 TIBETAN REFUGEES TO EARN MASTERS DEGREES OR ONE-YEAR CERTIFICATES AT SOME OF THE COUNTRY'S FINEST ACADEMIC INSTITUTIONS. THE TIBET FUND SUPPORTED 864 INDIVIDUALS ACROSS MORE THAN 80 PARTNER INSTITUTIONS, SPONSORSHIPS BENEFITED 182 MONKS, 137 NUNS, 420 SCHOOL CHILDREN, 52 CHILDREN WITH DISABILITIES, 57 ELDERS, AND 16 PERFORMING ARTS STUDENTS. THE FUND ALSO SUPPORTED 68 PROFESSIONAL SCHOLARSHIPS AND GIRLS SCHOLARSHIP FOR TIBETANS IN INDIA AND NEPAL IN ADDITION, TIBET FUND WAS ABLE TO SUPPORT THE ACTIVITIES AND EDUCATIONAL INSTITUTIONS WITH THE FUNDING RECEIVED FROM USAID AND U.S DEPARTMENT OF STATE BUREAU OF POPULATION, REFUGEE, AND MIGRATION. 2022984 1988441 0 HEALTH CARE - TIBET FUND WAS ABLE TO SUPPORT HEALTH CARE PROGRAMS AND SERVICES WITHIN TIBETAN COMMUNITIES IN INDIA AND NEPAL WITH THE FUNDING RECEIVED FROM USAID AND THE U.S. DEPARTMENT OF STATE BUREAU OF POPULATION, REFUGEE, AND MIGRATION. THESE COMMUNITIES ARE CONFRONTED WITH SEVERAL DIVERSE AND UNIQUE CHALLENGES THAT HAVE THE POTENTIAL TO FRAGMENT THE LONG-ESTABLISHED SETTLEMENT LIFE, THEREBY THREATENING THE LONG-TERM SUSTAINABILITY OF THE TIBETAN CULTURE AND IDENTITY ITSELF. INCREASING DEMOGRAPHIC AND OVERSEAS MIGRATION TRENDS, SCATTERED COMMUNITIES, INADEQUATE EMPLOYMENT OPPORTUNITIES LACK OF INCOME-GENERATING ACTIVITIES, AND LACK OF ALTERNATIVE SOURCE OF LIVELIHOOD IN THE SETTLEMENTS HAVE ALL GIVEN WAY TO A NEW SET OF CHALLENGING SCENARIOS IN THE EXILED TIBETAN COMMUNITY. THE TIBET FUND PRIORITIZES STRATEGIC DEVELOPMENT PROGRAMS THAT ARE AIMED AT REVITALIZING THE TIBETAN SETTLEMENTS AND EMPOWERING THE TIBETAN COMMUNITY AS A WHOLE. IN ADDITION TO ALLEVIATING POVERTY AND DEPRIVATION THROUGH FUNDING AND PROGRAMMATIC SUPPORT FROM THE US GOVERNMENT AND OUR DONORS, WE WORK TO FACILITATE ECONOMIC SELF-SUFFICIENCY THROUGH INITIATIVES THAT PROMOTE ENTREPRENEURSHIP SMALL ENTERPRISE DEVELOPMENT, EMPLOYMENT, AND JOB COMPETITIVENESS FOR UNEMPLOYED YOUTH. WE ALSO SUPPORT LOCAL GRASSROOTS TIBETAN NGO AND CIVIL SOCIETY ORGANIZATIONS TO ADDRESS LOCAL COMMUNITY PRIORITIES AND ALSO TO REINFORCE THEIR EFFECTIVENESS IN DELIVERING SOCIO-ECONOMIC AND WELFARE SERVICES. 462987 440381 0 LIVELIHOODS AND HUMANITARIAN AID 2485971 2428822 12352959 true true false false false false false false false false true false false false true false true false false true true true true false true false false true true true false false false false false false false false false false false false false false false false false false false false true 11 0 true 6 true false false false false false true true false false false false false false false false X 11 11 false false false false false false false true true false false false true true true true true true true true false false CA NY X X LHAKPA TSERING JHANGOWA 2122135011 241 EAST 32ND STREET NEW YORK NY 10016 GEOFFREY MENIN VICE CHAIRMAN 1.0 0.0 X X 0 0 0 MICHAEL LEMLE CHAIRMAN 1.0 0.0 X X 0 0 0 CHAMPA N WEINREB TRUSTEE 1.0 0.0 X 0 0 0 ETHAN DAVID GOLDINGS TRUSTEE 1.0 0.0 X 0 0 0 JIGME SHINGSAR TRUSTEE 1.0 0.0 X 0 0 0 NIMA R T BINARA TRUSTEE 1.0 0.0 X 0 0 0 NINA SCHROEDER TRUSTEE 1.0 0.0 X 0 0 0 RINCHEN DHARLO TRUSTEE 1.0 0.0 X 0 0 0 TENZIN C WANGYAL TRUSTEE 1.0 0.0 X 0 0 0 TENZING T LAMA TRUSTEE 1.0 0.0 X 0 0 0 TSEWANG NAMGYAL TRUSTEE 1.0 0.0 X 0 0 0 LHAKPA JHANGOWA DIRECTOR OF FINANCE AND GRANTS 35.0 0.0 X 79637 0 35171 ROBERT ANKERSON PRESIDENT 35.0 0.0 X 166780 0 19138 YANGZOM SHAWA DIRECTOR OF SPONSORSHIP AND ADMINISTRATION 35.0 0.0 X 78581 0 5165 324998 0 59474 1 false true false 0 383078 9480765 7245542 17109385 0 0 0 0 0 343008 343008 91068 22333 68735 0 68735 68735 433160 418011 15149 0 15149 15149 28000 383078 90739 -62739 -62739 0 0 0 0 0 17473538 0 0 364153 633409 633409 377078 377078 11176537 11176537 384472 41231 297654 45587 154047 16920 119710 17417 10151 945 7697 1509 48599 4523 36851 7225 37386 3479 28349 5558 3639 3639 52125 52125 90937 18340 62695 9902 29111 4977 18053 6081 23758 16632 7126 29005 6673 22332 45947 42041 1379 2527 11441 11441 24980 24980 14663 1466 13197 MEALS AND ENTERTAINMENT 27213 8708 17144 1361 MISCELLANEOUS 334 334 0 0 0 0 13174832 12352959 724706 97167 84083 135389 690276 5530033 0 493716 0 0 0 0 0 0 170000 125000 0 0 953111 85911 1181651 701553 505078 480098 6913256 7505331 0 0 0 0 366797 74290 9682601 14429768 22863 947122 0 0 1167311 101930 0 0 0 0 0 0 0 0 0 0 32342 361154 1222516 1410206 X 7070082 6921464 1390003 6098098 0 0 0 0 0 0 8460085 13019562 9682601 14429768 4298706 260771 0 0 0 0 X false true true true true X 8140013 9391344 10787573 12106899 17109385 57535214 0 0 8140013 9391344 10787573 12106899 17109385 57535214 0 57535214 178556 115563 166834 303987 434076 1199016 0 0 0 5 0 0 5 58734235 0 0.97959 0.97992 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - MISCELLANEOUS, COLUMN A - , COLUMN B - , COLUMN C - 5.0, COLUMN D - , COLUMN E - , COLUMN F - 5.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 165000 165000 968351 653253 315098 48300 48300 0 480098 Federal Income Taxes DUE TO SUBRECIPIENTS 361154 361154 17756642 260771 22333 283104 17473538 0 0 17473538 13197165 22333 22333 13174832 0 0 13174832 Schedule D, Part X, Line 2 MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 RENTAL EXPENSE - 22333 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 RENTAL EXPENSE - 22333 true South Asia 0 0 Program Services Safeguarding Cultural Heritage 3524742 South Asia 0 0 Program Services The Gift of Education 2081753 South Asia 0 0 Program Services Building Healthy Communities 1988441 South Asia 0 0 Program Services Community Empowerment 3141220 South Asia 0 0 Program Services Livelihoods and Humanitarian Aid 440381 0 0 0 0 0 0 11176537 0 11176537 South Asia Community Development 30000 Wire Transfer 0 Grant agreement and Invoice South Asia Community Development 103239 Wire Transfer 0 Grant agreement and Invoice South Asia Community Development 7000 Wire Transfer 0 Grant agreement and Invoice South Asia Community Development 10476 Wire Transfer 0 Grant agreement and Invoice South Asia Community Development 25025 Wire Transfer 0 Grant agreement and Invoice South Asia Community Development 9905 Wire Transfer 0 Grant agreement and Invoice South Asia Culture Preservation 1061025 Wire Transfer 0 Grant agreement and Invoice South Asia Culture Preservation 21450 Wire Transfer 0 Grant agreement and Invoice South Asia Culture Preservation 9700 Wire Transfer 0 Grant agreement and Invoice South Asia Culture Preservation 1000008 WIRE TRANSFER 0 Grant agreement and Invoice South Asia Culture Preservation 8000 Wire Transfer 0 Grant agreement and Invoice South Asia Scholarship 21574 Wire Transfer 0 Grant agreement and Invoice South Asia Educational Support 10025 Wire Transfer 0 Grant agreement and Invoice South Asia Health Care support 44922 Wire Transfer 0 Grant agreement and Invoice South Asia Health Care support 9700 Wire Transfer 0 Grant agreement and Invoice South Asia Health Care support 19400 Wire Transfer 0 Grant agreement and Invoice South Asia Health Care support 101462 Wire Transfer 0 Grant agreement and Invoice South Asia Health Care support 11050 Wire Transfer 0 Grant agreement and Invoice South Asia Health Care support 13457 Wire Transfer 0 Grant agreement and Invoice South Asia NSGP Community Development 108743 Wire Transfer 0 Grant agreement and Invoice South Asia NSGP- Education 167176 Wire Transfer 0 Grant agreement and Invoice South Asia NSGP Girls Scholarship 50612 Wire Transfer 0 Grant agreement and Invoice South Asia NSGP Grants 19247 Wire Transfer 0 Grant agreement and Invoice South Asia NSGP Health Care 57828 Wire Transfer 0 Grant agreement and Invoice South Asia NSGP Monitoring Support 42341 Wire Transfer 0 Grant agreement and Invoice South Asia NSGP Religion & Culture Preservation 27473 Wire Transfer 0 Grant agreement and Invoice South Asia Sponsorship 9122 Wire Transfer 0 Grant agreement and Invoice South Asia Sponsorship 12826 Wire Transfer 0 Grant agreement and Invoice South Asia Sponsorship 5700 Wire Transfer 0 Grant agreement and Invoice South Asia Sponsorship 12356 Wire Transfer 0 Grant agreement and Invoice South Asia Sponsorship 5795 Wire Transfer 0 Grant agreement and Invoice South Asia Sponsorship 27281 Wire Transfer 0 Grant agreement and Invoice South Asia Sponsorship 6000 Wire Transfer 0 Grant agreement and Invoice South Asia Sponsorship 57000 Wire Transfer 0 Grant agreement and Invoice South Asia Sponsorship 20413 Wire Transfer 0 Grant agreement and Invoice South Asia Sponsorship 19037 Wire Transfer 0 Grant agreement and Invoice South Asia USAID Grant 275413 Wire Transfer 0 Grant agreement and Invoice South Asia USAID Grant 84680 Wire Transfer 0 Grant agreement and Invoice South Asia USAID Grant 252902 Wire Transfer 0 Grant agreement and Invoice South Asia USAID Grant 219660 Wire Transfer 0 Grant agreement and Invoice South Asia USAID Grant 79023 Wire Transfer 0 Grant agreement and Invoice South Asia USAID Grant 50970 Wire Transfer 0 Grant agreement and Invoice South Asia USAID Grant 525629 Wire Transfer 0 Grant agreement and Invoice South Asia USAID Grant 705070 Wire Transfer 0 Grant agreement and Invoice South Asia USAID Grant 594199 Wire Transfer 0 Grant agreement and Invoice South Asia USAID Grant 18175 Wire Transfer 0 Grant agreement and Invoice South Asia USAID Grant 804789 Wire Transfer 0 Grant agreement and Invoice South Asia USAID Grant 1473203 Wire Transfer 0 Grant agreement and Invoice South Asia USAID Grant 159995 Wire Transfer 0 Grant agreement and Invoice South Asia USAID Grant 13261 Wire Transfer 0 Grant agreement and Invoice South Asia USAID Grant 56478 Wire Transfer 0 Grant agreement and Invoice South Asia USAID Grant 91165 Wire Transfer 0 Grant agreement and Invoice South Asia USAID Grant 19725 Wire Transfer 0 Grant agreement and Invoice South Asia USAID Grant 186837 Wire Transfer 0 Grant agreement and Invoice South Asia USDOS-PRM 160724 Wire Transfer 0 Grant agreement and Invoice South Asia USDOS-PRM 62086 Wire Transfer 0 Grant agreement and Invoice South Asia USDOS-PRM 482729 Wire Transfer 0 Grant agreement and Invoice South Asia USDOS-PRM 38759 Wire Transfer 0 Grant agreement and Invoice South Asia USDOS-PRM 145319 Wire Transfer 0 Grant agreement and Invoice South Asia USDOS-PRM 712339 Wire Transfer 0 Grant agreement and Invoice South Asia USDOS-PRM 502444 Wire Transfer 0 Grant agreement and Invoice South Asia USDOS-PRM 114427 Wire Transfer 0 Grant agreement and Invoice South Asia USDOS-PRM 43617 Wire Transfer 0 Grant agreement and Invoice South Asia USDOS-PRM 45747 Wire Transfer 0 Grant agreement and Invoice 64 0 Safeguarding Cultural Heritage South Asia 5 24200 Wire Transfer 0 The Gift of Education South Asia 3 4763 Wire Transfer 0 false false false false false false Schedule F, Part I, Line 2 Procedures for monitoring use of grant funds THE TIBET FUND'S SENIOR MANAGEMENT REVIEWS THE RECIPIENTS AND PROGRAMS OUTSIDE THE UNITED STATES. IT GETS APPROVED BY THE BOARD OF DIRECTORS DURING ANNUAL BUDGETING. THE PROGRAM OFFICER PREPARES THE GRANT AGREEMENT AND PAYMENT IS RELEASED SOON AFTER SIGNING THE AGREEMENT. Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements SOUTH ASIA-Other: Wire transfer,Other: Wire Transfer Schedule F, Part II, Line 1 Method used to account for expenditures on org's financial statements SOUTH ASIA-Accrual Annual Gala 411078 383078 28000 0 0 26939 37500 2500 23800 0 0 411078 383078 28000 0 0 26939 37500 2500 23800 90739 -62739 true Plateanx LLC 102 Paisley Court Unit J Bozeman MT 59715 273974324 48500 0 Religion and Culture Georgia Institute of Technology 311 Ferst Drive Atlanta GA 30332 072810426 501(C)(3) 24436 0 Students Support Indiana University 408 N Union Street Bloomington IN 47405 356001673 501(C)(3) 38823 0 Students Support Rutgers State University of New Jersey 7 College Avenue 2nd Floor New Brunswich NJ 08901 226001086 501(C)(3) 22286 0 Students Support University at Buffalo 12 Capen Hall Buffalo NY 14260 161514621 501(C)(3) 31048 0 Students Support University of Massachusetts 100 Morrissey Blvd Boston MA 02125 542084125 501(C)(3) 6397 0 Students Support University of Northern Iowa 802 W 29th St Ceder Falls IA 50613 426004333 501(C)(3) 7298 0 Students Support North Western University 633 Clark Street Evanston IL 60208 362167817 501(C)(3) 34237 0 Students Support University of Delaware University of Delaware Newark DE 19716 911955015 501(C)(3) 56883 0 Students Support Himalayan Elders Project 70-34 45th Avenue Woodside NY 11377 472383238 501(C)(3) 12000 0 Students Support International House 500 Riverside Dr New York NY 10027 131624048 501(C)(3) 23729 0 Students Support Rochester Institute of Technology 1 Lomb Memorial Dr Rochester NY 14623 160743140 501(C)(3) 23661 0 Students Support Teachers College 525 West 120th Street New York NY 10027 131624202 501(C)(3) 13557 0 Students Support University of Denver 2199 South University Boulevard Denver CO 80210 840404231 501(C)(3) 5823 0 Students Support Tibetan Community Development Fund 1228 17th Street NW Washington DC 20036 530196584 501(C)(3) 50000 0 Religion and Culture NABU Global Inc 110 East 25th Street New York NY 10010 900888570 501(C)(3) 15000 0 Gift of Education The office of Tibet 1228 17th Street NW Washington DC 20036 131999289 501(C)(3) 47205 0 Community Development UC Berkeley 200 California Hall Bekeley CA 94720 946002123 501(C)(3) 23155 0 Students Support Wild Neko Pictures Inc 358 Fifth Avenue RM-305 New York NY 10001 331306390 46766 0 Religion and Culture Tibetan Community of NYNJ 5712 32nd Avenue Woodside NY 11373 010685280 501(C)(3) 45000 0 Community Development Orbitz 500 W MADISON ST CHICAGO IL 60661 364349713 18135 0 Students Support CORT Furniture Rental 6766 0 Students Support 18 4 STUDENT ALLOWANCE AND OTHER COSTS 21 287951 OTHER GRANTS AND PROGRAMS 16 89127 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds THE TIBET FUND MONITORS ITS GRANTS AND SUBSEQUENT PROGRAMMING BY ESTABLISHING CLEAR WRITTEN GRANT AGREEMENTS WITH GRANTEES AND BENEFICIARY ORGANIZATIONS. THE FUND USES THESE TO CLOSELY EXAMINE THE QUARTERLY FINANCIAL AND PROGRAM PROGRESS REPORTS FROM OUR FIELD PARTNERS TO ENSURE THE FULFILLMENT OF GRANT OBJECTIVES AND DELIVERABLES, COMPLIANCE WITH FUNDER'S REGULATIONS AND REQUIREMENTS AND THE ACCURACY AND APPROPRIATENESS OF LINE ITEM EXPENDITURES. FOR U.S GOVERNMENT GRANTS, STAFF MEMBERS CONDUCT BI-ANNUAL SITE VISITS TO CONDUCT MONITORING AND EVALUATION OF OUR PARTNERS' PERFORMANCE IN THE FIELD AND SUBSEQUENT ACTIVITIES OUTSIDE THE UNITED STATES. STAFF MEMBERS PROVIDE INDIVIDUAL CASE MANAGEMENT TO OUR SCHOLARSHIP RECIPIENTS, TRACKING STUDENT EXPENDITURES, ACCOUNTS PAYABLE, AND BUDGET COMPLIANCE. A UNIFORM GUIDANCE COMPLIANCE AUDIT IS CONDUCTED EACH FISCAL YEAR. X false false false false false false false false false ROBERT ANKERSON PRESIDENT 166780 0 0 0 0 0 8339 0 10799 0 185918 0 0 0 Form 990, Part III, Line 4a-4c Description of program services (Expenses $ 2,022,984 including grants of $ 1,988,441)(Revenue $ 0) HEALTH CARE - TIBET FUND WAS ABLE TO SUPPORT HEALTH CARE PROGRAMS AND SERVICES WITHIN TIBETAN COMMUNITIES IN INDIA AND NEPAL WITH THE FUNDING RECEIVED FROM USAID AND THE U.S. DEPARTMENT OF STATE BUREAU OF POPULATION, REFUGEE, AND MIGRATION. THESE COMMUNITIES ARE CONFRONTED WITH SEVERAL DIVERSE AND UNIQUE CHALLENGES THAT HAVE THE POTENTIAL TO FRAGMENT THE LONG-ESTABLISHED SETTLEMENT LIFE, THEREBY THREATENING THE LONG-TERM SUSTAINABILITY OF THE TIBETAN CULTURE AND IDENTITY ITSELF. INCREASING DEMOGRAPHIC AND OVERSEAS MIGRATION TRENDS, SCATTERED COMMUNITIES, INADEQUATE EMPLOYMENT OPPORTUNITIES LACK OF INCOME-GENERATING ACTIVITIES, AND LACK OF ALTERNATIVE SOURCE OF LIVELIHOOD IN THE SETTLEMENTS HAVE ALL GIVEN WAY TO A NEW SET OF CHALLENGING SCENARIOS IN THE EXILED TIBETAN COMMUNITY. THE TIBET FUND PRIORITIZES STRATEGIC DEVELOPMENT PROGRAMS THAT ARE AIMED AT REVITALIZING THE TIBETAN SETTLEMENTS AND EMPOWERING THE TIBETAN COMMUNITY AS A WHOLE. IN ADDITION TO ALLEVIATING POVERTY AND DEPRIVATION THROUGH FUNDING AND PROGRAMMATIC SUPPORT FROM THE US GOVERNMENT AND OUR DONORS, WE WORK TO FACILITATE ECONOMIC SELF-SUFFICIENCY THROUGH INITIATIVES THAT PROMOTE ENTREPRENEURSHIP SMALL ENTERPRISE DEVELOPMENT, EMPLOYMENT, AND JOB COMPETITIVENESS FOR UNEMPLOYED YOUTH. WE ALSO SUPPORT LOCAL GRASSROOTS TIBETAN NGO AND CIVIL SOCIETY ORGANIZATIONS TO ADDRESS LOCAL COMMUNITY PRIORITIES AND ALSO TO REINFORCE THEIR EFFECTIVENESS IN DELIVERING SOCIO-ECONOMIC AND WELFARE SERVICES. Form 990, Part III, Line 4a-4c Description of program services (Expenses $ 462,987 including grants of $ 440,381)(Revenue $ 0) LIVELIHOODS AND HUMANITARIAN AID Form 990, Part VI, Line 11b Review of form 990 by governing body THE INITIAL REVIEW IS MADE BY THE PRESIDENT OF THE ORGANIZATION WHO PROVIDES A COPY TO THE FINANCE COMMITTEE OF THE BOARD OF DIRECTORS. A COPY OF THE FORM 990 IS PROVIDED TO THE FINANCE COMMITTEE PRIOR TO ITS SUBMISSION TO THE IRS. THEY FORWARD ANY COMMENTS THEY HAVE BACK TO THE PRESIDENT. Form 990, Part VI, Line 12c Conflict of interest policy ANY DIRECTOR, PRINCIPAL OFFICER, OR MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS, WHO HAS A DIRECT OR INDIRECT FINANCIAL INTEREST, IS COVERED UNDER THE POLICY. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE MUST LEAVE THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS DECIDE WHETHER A CONFLICT OF INTEREST EXISTS AND ACT UPON THAT DECISION. THE PRESIDENT ROUTINELY REVIEWS AND APPROVES ALL CONTRACTS AND INVOICES TO DETERMINE WHETHER ANY INTERESTED PERSON IS CONNECTED WITH THE TRANSACTION. IN THE EVENT OF A POTENTIAL CONFLICT OF INTEREST, THE PRESIDENT WILL CONSULT WITH THE EXECUTIVE COMMITTEE OF THE BOARD TO DETERMINE A COURSE OF ACTION. Form 990, Part VI, Line 15a Process to establish compensation of top management official COMPENSATION IS REVIEWED BY THE FINANCE COMMITTEE AND THE BOARD OF DIRECTORS, WHO THEN DECIDE AND APPROVE THE ANNUAL BUDGET DURING THE YEAR. Form 990, Part VI, Line 15b Process to establish compensation of other employees COMPENSATION IS REVIEWED BY THE FINANCE COMMITTEE AND THE BOARD OF DIRECTORS, WHO THEN DECIDE AND APPROVE THE ANNUAL BUDGET DURING THE YEAR. Form 990, Part VI, Line 19 Required documents available to the public THE FUND'S FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. THE FUND'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT MADE AVAILABLE TO THE PUBLIC. FORMS 1023 AND 1024 WERE FILED ON APRIL 13, 1982, (FILED BEFORE JULY 15, 1987), AND THEREFORE THE FUND DOES NOT NEED TO MAKE A COPY OF THE EXEMPTION APPLICATION AVAILABLE.