2024-12-10T11:47:25-06:00 2024-06-30 473535842 DAVIS FARR LLP 18201 VON KARMAN AVE SUITE 1100 IRVINE CA 92612 990 2023-07-01 953760989 TOWN AND GOWN OF THE UNIVERSITY OF SOUTHERN CALIFORNIA TOWN 3107130977 620 W MCCARTHY WAY 10 LOS ANGELES CA 90089 HELAINE LOPES CFO 3107130977 2024-12-10 1 1 TRITIA FOSTER P02164134 9494742020 2023 2024-10-15 13:58:12Z HELAINE LOPES 620 W MCCARTHY WAY 10 LOS ANGELES CA 90089 799606 0 X WWW.TOWNANDGOWNOFUSC.ORG X 1904 CA TO SUPPORT USC THROUGH SCHOLARSHIPS FOR STUDENTS, BUILDING AND CAMPUS ENHANCEMENT, AND CULTURAL PROGRAMS. 15 15 2 850 0 0 687739 587554 0 0 53371 80297 34836 81311 775946 749162 260872 149983 0 0 0 56690 0 0 41763 419567 370128 680439 576801 95507 172361 3194898 3493195 54880 60796 3140018 3432399 TO SUPPORT USC THROUGH SCHOLARSHIPS FOR STUDENTS, BUILDING AND CAMPUS ENHANCEMENT, AND CULTURAL PROGRAMS. 0 0 262843 149983 AWARDED SCHOLARSHIPS AND PROVIDED FOR MAINTENANCE OF TOWN & GOWN BUILDING ON THE UNIVERSITY OF SOUTHERN CALIFORNIA CAMPUS. 262843 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 7 0 2 1 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 CA KATHIE JOHNSON 3107130977 620 W MCCARTHY WAY 10 LOS ANGELES CA 90089 X BETH PETAK-AARON CEO/PRESIDENT 1.00 X 0 0 0 AYUKO SIEGEL SECRECTARY 1.00 X 0 0 0 COLLEEN STROYKE PRESIDENT ELECT 1.00 X 0 0 0 HELAINE LOPES TREASURER 1.00 X 0 0 0 PATTI JAMGOTCHIAN FIRST VICE PRESIDENT, INVESTMENTS 1.00 X 0 0 0 JANEANE DIMPEL SECOND VICE PRESIDENT, SCHOLARSHIP 1.00 X 0 0 0 LINDA DANKWA SECOND VICE PRESIDENT, SCHOLARSHIP 1.00 X 0 0 0 SUSIE RHODES SCHOLOARSHIP ADVISOR 1.00 X 0 0 0 CAROL WRIGHT THIRD VICE PRESIDENT, FUND DEVELOPMENT 1.00 X 0 0 0 MARY HALL THIRD VICE PRESIDENT, FUND DEVELOPMENT 1.00 X 0 0 0 BONNIE SUFFRIDGE FOURTH VICE PRESIDENT, MEMBERSHIP 1.00 X 0 0 0 DEBBIE WONG FIFTH VICE PRESIDENT, PROGRAMS 1.00 X 0 0 0 ANN PALMER FIFTH VICE PRESIDENT, PROGRAMS 1.00 X 0 0 0 LISA UP DE GRAFF FIFTH VICE PRESIDENT, PROGRAMS 1.00 X 0 0 0 PATTI JOHNSON NOMINATING CHAIR 1.00 X 0 0 0 0 0 0 0 0 0 0 0 94550 493004 587554 80297 80297 131755 50444 81311 81311 749162 0 0 161608 149983 149983 49832 16392 33440 2020 564 1456 4838 1767 3071 2550 2550 15685 15685 21784 21784 3497 3123 374 1182 1182 32490 8385 15698 8407 8172 7812 360 91 91 187513 31344 127410 28759 6733 6733 SCHOLARSHIP CELEBRATION 24093 24093 HANDBOOK 12550 12550 BANK FEES 9760 9709 51 BOD RETREAT 4807 4807 39221 5408 29627 4186 576801 262843 272195 41763 123212 120954 1771 0 1993 1771 3066938 3362560 2755 7910 3194898 3493195 6050 979 46375 53525 2455 6292 54880 60796 X 2149395 2441776 990623 990623 3140018 3432399 3194898 3493195 X 172361 120020 X 0 0 0 X 613396 452942 697093 722575 587544 3073550 613396 452942 697093 722575 587544 3073550 33073 3040477 39820 37957 61357 53371 80297 272802 3346352 0.90860 0.93190 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1771 1771 1771 CREDIT CARDS PAYABLE 6292 6292 ANNUAL BENEFIT 131755 131755 50444 131755 131755 50444 50444 81311 0 UNIVERSITY OF SOUTHERN CALIFORNIA UNIVERSITY PARK LOS ANGELES CA 90089 951642394 149983 0 TUITION FORM 990, PART VI, SECTION A, LINE 8A THE ORGANIZATION DOES NOT CONTEMORANEOUSLY DOCUMENT THE MEETING HELD OR WRITTEN ACTIONS UNDERTAKEN DURING THE YEAR BY THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT CONTEMORANEOUSLY DOCUMENT THE MEETING HELD OR WRITTEN ACTIONS UNDERTAKEN DURING THE YEAR BY EACH COMITTE WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B NO REVIEW WAS OR WILL BE CONDUCTED. FORM 990, PART VI, SECTION B, LINE 12 PURPOSE AS A NONPROFIT CORPORATION, TOWN AND GOWN USC ("T&G") HAS A SPECIAL OBLIGATION TO UPHOLD THE PUBLIC TRUST. MEMBERS OF THE T&G BOARD OF DIRECTORS ("DIRECTORS") AND EMPLOYEES OF T&G ("EMPLOYEES") MAY HAVE INTERESTS IN CONFLICT WITH THOSE OF T&G. EACH DIRECTOR AND EMPLOYEE IS REQUIRED TO BE CONSCIOUS OF THE POTENTIAL FOR CONFLICTS OF INTEREST, ACT WITH CANDOR AND CARE IN DEALING WITH SITUATIONS INVOLVING CONFLICTS OF INTEREST, AND STRICTLY ABIDE BY THE GENERAL PRINCIPLES AND PRACTICES SET FORTH IN THIS CONFLICT OF INTEREST POLICY, DATED JULY 1, 2023 (THE "POLICY") AT ALL TIMES. DISCLOSURE OF ANY RELATIONSHIP OR TRANSACTION THAT MAY GIVE RISE TO A CONFLICT OF INTEREST IS ESSENTIAL. THE APPEARANCE OF A CONFLICT IS OFTEN AS IMPORTANT AS THE REALITY OF ONE. THIS POLICY IS INTENDED TO PROTECT T&G'S INTERESTS BY PROMOTING THE DISCLOSURE AND DISPOSITION OF ANY ACTUAL, POTENTIAL, OR PERCEIVED CONFLICT THAT MAY IMPAIR, OR OTHERWISE CALL INTO QUESTION, A DIRECTOR'S OR AN EMPLOYEE'S FIDUCIARY DUTY TO T&G AND TO ESTABLISH PROCEDURES TO ADDRESS ANY CONFLICTS THAT MAY ARISE. CONFLICTS DIRECTORS AND EMPLOYEES ARE REQUIRED TO ACT EXCLUSIVELY IN THE INTERESTS OF T&G IN MATTERS AFFECTING T&G AND NOT USE THEIR POSITIONS TO FURTHER THEIR OWN OR ANY MEMBER OF THEIR FAMILY'S FINANCIAL INTERESTS OR OTHERWISE TO DERIVE ANY KIND OF PERSONAL ADVANTAGE. DIRECTORS OR EMPLOYEES UNDERSTAND THAT IN THE COURSE OF FULFILLING THEIR FIDUCIARY OBLIGATIONS TO T&G, THEY MAY HAVE ACCESS TO CONFIDENTIAL INFORMATION AND THEY AGREE TO KEEP SUCH INFORMATION STRICTLY CONFIDENTIAL. EACH DIRECTOR AND EMPLOYEE MUST BE SENSITIVE TO ANY INTEREST THEY MAY HAVE IN ANY DECISION RELATED TO T&G AND MUST RECOGNIZE AND DISCLOSE THE INTEREST PRIOR TO ANY PRESENTATION OR DISCUSSION OF THE MATTER. A DIRECTOR OR AN EMPLOYEE SHALL NOT PARTICIPATE IN ANY TRANSACTION IN WHICH T&G IS A PARTY AND IN WHICH THE DIRECTOR OR THE EMPLOYEE, OR THE DIRECTOR'S OR THE EMPLOYEE'S FAMILY MEMBER (BROADLY DEFINED, AND INCLUDING A DOMESTIC PARTNER OR SPOUSE OF FAMILY MEMBER), HAS A MATERIAL FINANCIAL INTEREST, UNLESS OTHERWISE APPROVED BY THE GOVERNANCE COMMITTEE OF THE T&G BOARD OF DIRECTORS ("GOVERNANCE COMMITTEE") OR OTHER DESIGNATED AUTHORITY FOLLOWING DISCLOSURE AND REVIEW. A DIRECTOR OR AN EMPLOYEE HAS A POTENTIAL CONFLICT OF INTEREST IF THEY OR THEIR FAMILY MEMBER: (I) HAS A PERSONAL FINANCIAL INTEREST IN THE TRANSACTION; (II) HAS INTEREST IN ANY CLAIM OR INVESTIGATION IN WHICH T&G IS A PARTY; OR (III) HAS A POSITION AS DIRECTOR, OFFICER, MANAGER, KEY STAFF MEMBER, MAJOR DONOR, OR FIDUCIARY TO AN ENTITY INVOLVED IN THE TRANSACTION. PROCEDURES WHENEVER A DIRECTOR OR AN EMPLOYEE BECOMES AWARE THAT THEY OR THEIR FAMILY MEMBER HAS A POTENTIAL CONFLICT OF INTEREST, THE DIRECTOR OR THE EMPLOYEE SHALL DISCLOSE IMMEDIATELY AND FULLY SUCH INTEREST IN WRITING TO THE GOVERNANCE COMMITTEE. T&G ALSO STRONGLY ENCOURAGES DIRECTORS AND EMPLOYEES TO CONSULT WITH THE GOVERNANCE COMMITTEE WITH ANY QUESTIONS REGARDING DISCLOSURE OF WHETHER A PARTICULAR INTEREST CONSTITUTES AN ACTUAL, POTENTIAL, OR PERCEIVED CONFLICT OF INTEREST. IN ADDITION TO DISCLOSING SUCH INTEREST, A DIRECTOR OR EMPLOYEE MUST IMMEDIATELY RECUSE THEMSELVES FROM ANY DELIBERATION OR DECISION RELATED TO THE POTENTIAL CONFLICT OF INTEREST. UPON DISCLOSURE, THE GOVERNANCE COMMITTEE SHALL DETERMINE WHETHER THERE IS A CONFLICT, AND, IF SO, TAKE ANY ACTION NECESSARY TO PREVENT THE CONFLICT FROM AFFECTING, OR APPEARING TO AFFECT, THE DECISION-MAKING OF T&G. WHEN A CONFLICT OR THE APPEARANCE OF A CONFLICT INVOLVES A FINANCIAL TRANSACTION WITH A MEMBER OF THE BOARD, THE GOVERNANCE COMMITTEE SHALL APPOINT A DISINTERESTED PERSON OR COMMITTEE OF DISINTERESTED PERSONS TO INVESTIGATE REASONABLE ALTERNATIVES TO THE PROPOSED TRANSACTION. THE GOVERNANCE COMMITTEE SHALL THEN REFER THE RECOMMENDATION OF WHETHER OR NOT TO PROCEED WITH EITHER THE ORIGINAL TRANSACTION OR A REASONABLE ALTERNATIVE TO THE T&G BOARD OF DIRECTORS FOR RATIFICATION. IN COMING TO ITS DECISION, THE DISINTERESTED PARTY MAY ANALYZE FACTORS SUCH AS WHETHER (A) THE ECONOMIC BENEFIT PROVIDED BY T&G IN THE TRANSACTION IS EQUIVALENT TO THE FAIR MARKET VALUE; (B) THE TRANSACTION IS BENEFICIAL, FAIR, AND REASONABLE TO T&G; AND (C) THERE ARE OTHER TRANSACTIONS THAT T&G MAY ENTER INTO THAT ARE MORE ADVANTAGEOUS. UPON REQUEST BY ANY MEMBER OF THE T&G BOARD OF DIRECTORS, THE DIRECTOR OR EMPLOYEE MAY MAKE A PRESENTATION AT THE MEETING DURING WHICH THE PERSON'S MATERIAL FINANCIAL INTEREST IS DISCUSSED, BUT, AFTER SUCH PRESENTATION, THE DIRECTOR OR EMPLOYEE SHALL LEAVE THE MEETING DURING THE DELIBERATION AND VOTING ON THE MATTER. UPON RECEIVING NOTICE OF AN ACTUAL, POTENTIAL, OR PERCEIVED CONFLICT OF INTEREST, THE GOVERNANCE COMMITTEE SHALL DOCUMENT IN WRITING ANY STEPS TAKEN BY T&G TO ADDRESS THE CONFLICT AT ISSUE. ANNUAL FORMS EACH DIRECTOR AND EMPLOYEE SHALL ANNUALLY SIGN AND DELIVER A CONFLICT OF INTEREST DISCLOSURE FORM IN THE FORM OF EXHIBIT A ATTACHED TO THIS POLICY THAT DISCLOSES ANY KNOWN MATERIAL FINANCIAL INTERESTS (WHETHER OR NOT SUCH INTERESTS HAVE PREVIOUSLY BEEN DISCLOSED) AND AFFIRMS THAT SUCH PERSON HAS RECEIVED A COPY OF, UNDERSTANDS, AND HAS AGREED TO COMPLY WITH THIS POLICY. THE CONFLICT OF INTEREST DISCLOSURE FORM MAY BE REVISED AND UPDATED FROM TIME TO TIME BY THE GOVERNANCE COMMITTEE. GIFTS ACCEPTING A GIFT IN A BUSINESS SETTING CAN CREATE A SENSE OF OBLIGATION OR THE APPEARANCE OF OBLIGATION. DIRECTORS AND EMPLOYEES MUST REFRAIN FROM ACCEPTING GIFTS FROM POTENTIAL GRANTEES OF T&G OR A CURRENT OR POTENTIAL VENDOR OR SERVICE PROVIDER TO T&G, UNLESS THE VALUE OF THE ITEM IS LESS THAN $100; THE VALUE OF ALL GIFTS FROM ONE BUSINESS CONTACT DOES NOT EXCEED $250 PER YEAR; THE ITEM IS CUSTOMARY AND DOES NOT CREATE ANY APPEARANCE OF IMPROPRIETY; AND THE ITEM IS NOT CONCEALED IN ANY WAY. VIOLATIONS VIOLATIONS OF THIS POLICY MAY LEAD TO REMOVAL FROM THE T&G BOARD OF DIRECTORS OR TERMINATION OF EMPLOYMENT. FORM 990, PART VI, SECTION C, LINE 18 NO OTHER DOCUMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART VI, SECTION C, LINE 19 NO OTHER DOCUMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: NET UNREALIZED GAINS OR LOSSES ON INVESTMENTS 120,020.