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        <FormAndLineReferenceDesc>Schedule D, Part V, Line 4</FormAndLineReferenceDesc>
        <ExplanationTxt>Schedule D, Part V, Line Fudan University Education Development Foundation has two Endowment fund tillnow.1)Fudan-Yin FanWu&amp;Ling Chao chang wu Endowment fund. This endowment is set up permanently to generate income through investment for scholarship.Each recipient can receive USD1500 per academic year. According to the designated ROl in the donation agreement there are 16-17students to be granted the scholarship annually since 2012. 2)Xie Xide Chair Professor Endowment fund. This endowment is set up permanently to generate income through investment for fellowship in Physics Department.According to designated ROl in the donation agreement USD50000 will be allocated to this fellowship each year since 2017.</ExplanationTxt>
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        <FormAndLineReferenceDesc>Schedule F, Part I, Line 2</FormAndLineReferenceDesc>
        <ExplanationTxt>As described in Form 990 part 1 line 1 of our mission, Fudan university is exclusively established to raise funds to support academic research talents cultivation and infrastructure constructions in Fudan University and other high educational organizations in China. The majority of the donation is supposed to be granted to Fudan University. To make good use of all grants and execute sufficient monitor ,our foundation sets up the management procedures as below:1)Application: the candidates are required to file application form and submit it with their proposals.2)Screen &amp;Evaluation: Designated professional staffs are responsible for screening and evaluating applications with proposals, then give recommendations for grant action.3)Review&amp;Approval: the applications are reviewed and apprpved by different level of officers, special management committees, and directors based on the purpose and the amount of grants quarterly, half yearly or annually basis.4)Periodically Reporting: The beneficiaries are provide regular progress reports on quarterly, half year or annually basis.5) Final assessment: when the grant is completed, foundation checks it compliance and effectiveness through expenditure data reports and field investigation if necessary. Besides ,to facilitate the monitoring locally ,our largest beneficiary, Fudan University sets up a Grant Administration Office on campus which is full of experienced professional staffs. The office is responsible to both the foundation and the university's grant management. In other words, our foundation can get sufficient information of all the grants and implement supervision with the assistance of that office.</ExplanationTxt>
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        <ExplanationTxt>form 990 including all series Schedules were filled by financial staff and reviewed by Vice President and President.</ExplanationTxt>
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        <ExplanationTxt>According to Conflict of Interest Policy, f there is 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. After exercising due diligence, the board will hold meeting to discuss and determine whether a conflict really exists, and vote on the transaction or arrangement related If the board has reasonable cause to believe a member has failed to disclose actual or possible conflict or interest, it shall take approciate disciplinary and corrective action.</ExplanationTxt>
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        <FormAndLineReferenceDesc>Form 990, Part VI, Section B, Line 15</FormAndLineReferenceDesc>
        <ExplanationTxt>The process of Determing Compensation applies to compensation of executive officers including president, vice president, secretary treasury and other high-level officers. The process includes all these steps: 1)Use of comparatibility data to determine compensation scheme. Compare the compensation for similarity qualified persons in fuctionally comparable positions at similarly organzations, and then design its own compensation scheme. 2)Review and Approval. The compensation of the person is reviewed and approved by the board of directors. 3)Contemporaneous documentation and record-keeping with respect to the deliberations and decisions.</ExplanationTxt>
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