Faithful Trustees

The Board of Trustees meets four times a year. These meetings generally require a heavy time commitment, including travel of at least two days each quarter. Their professional expertise and dedication to advancing the YMCA Movement is integral to the success of the Fund.

Trustee Since	Number of Trustees	% of total meetings Attended
Pre 2000	4	93%
2000-2003	5	91%
2004-2009	9	85%

Fiscal Year 2009 (July 2008-June 2009) Meeting Attendance

The Fund’s Board of Trustees volunteered more than ten days of the year with 85% attendance in fulfillment of the fiduciary obligations associated with Fund governance.

Trustees spent 48.25 hours of actual meeting time during the past fiscal year exclusive of the approximately 25 hours of preparatory and follow up time. Trustees come from across the United States and meeting logistics in certain cases requires day prior travel. However, at a minimum, trustees incur 1 travel day (½ day to and ½ day from) each of the Board meetings. Calculation: (48.25 hours of meeting time / 8 hours per day = 6.03 days plus 4 travel days = just over 10 business days per year excluding prep time) Detail as follows:

The Board of Trustees met 4 times during the fiscal year for a total of 12 hours. In addition, preparation time exceeds 2 hours for each meeting.

			Attendance	%
Date	On Site	Location	Eligible/Present	Attending
18-Sep-08	2.50 hours	Minneapolis, MN	15/11	73%
20-Nov-08	2.50 hours	New York City	15/12	80%
27-Feb-09	4.50 hours	San Diego, CA	15/13	87%
7-May-09	2.50 hours	New York City	15/15	100%
Total	12.0 hours

The Investment Committee met 10 times during the fiscal year, 4 times in person and 6 times telephonically for a total of 17.5 hours. The 4 on-site meetings usually total 3.5 hours over two days and preparation time for the on site meetings averages 1 hour per meeting. Preparation time, including material review and due diligence (exchanging calls and emails for additional questions and clarifications before and after) for all telephonic meetings averages 30 minutes per meeting.

The Benefits & Operations Committee met 4 times during the fiscal year for a total of 5.00 hours. Preparation time generally requires 30 minutes or more for each meeting.

The Audit Committee met 2 times during the fiscal year for a total of 3.5 hours. Preparation time generally requires 30 minutes or more for each meeting. On site meetings include executive sessions with the internal auditor as well as the audit partner from KPMG, the Fund’s external auditor.

The Governance Committee met 4 times during the fiscal year, 3 times on site and once telephonically for a total of 6.25 hours. Preparation time generally requires 30 minutes or more for each meeting.

The Officer Compensation Committee met 2 times during the fiscal year for a total of 2.5 hours. Preparation time generally requires 30 minutes or more for each meeting. In addition, the Officer Compensation Committee Chairman conducted an informal telephonic meeting on July 16, 2009 with the Fund’s compensation consultant and outside counsel to prepare for the upcoming intermediate sanctions review.

The Strategic Planning Task Force met once telephonically during the fiscal year for 1.5 hours in preparation for the annual Board Strategy session held at the Board’s February meeting. Preparation time generally requires 30 minutes or more for each meeting. The Strategic Planning Task Force is not a standing committee of the Board of Trustees.