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DocuSign Envelope ID: FB3E3E71-F2B8-41 1A-81 C9-1392ACCOFE1 1 <br /> CONFLICT OF INTEREST POLICY <br /> OF <br /> THE COMMUNITY EMPOWERMENT FUND <br /> ARTICLE 1, PURPOSE <br /> The purpose of the conflict of interest policy is to protect this tax-exempt Organization's <br /> interest when it is contemplating entering into a transaction or arrangement that might <br /> benefit the private interest of an officer or director of the organization or might result in a <br /> possible excess benefit transaction. This policy is intended to supplement but not replace <br /> any applicable state and federal laws governing conflict of interest applicable to nonprofit <br /> and charitable organizations. <br /> ARTICLE 11, DEFINITIONS <br /> 1. Interested Person <br /> Any director, principal officer, or member of a committee with governing board. <br /> delegated powers, who has a direct or indirect -Financial interest, as defined below, is an <br /> interested person. <br /> 2. Financial Interest <br /> A person has a financial interest if the person has, directly or indirectly, through business, <br /> investment, or family: <br /> a. An. ownership or investment interest in any entity with which the Organization has <br /> a transaction or arrangement; <br /> b. A compensation arrangement with the Organization or with any entity or individual <br /> with which the Organization has a transaction or arrangement, or <br /> c. A potential ownership or investment interest in, or compensation arrangement with, <br /> any entity or individual with which the Organization is negotiating a transaction or <br /> arrangement. <br /> 3. "Compensation" includes direct or indirect remuneration as well as gifts or favors that <br /> are not insubstantial. <br /> Conflict of Interest Policy forThe Community Empowerment Fund <br /> Page ] of <br />