WHITNEY FOUNDATION CONTINUES CERTIFICATION FOR FIDUCIARY EXCELLENCE

The CEFEX standard of excellence for Investment Stewards is based on fiduciary practices that seek to increase long-term investment performance by diversifying the portfolio across multiple asset classes and peer groups, evaluating investment management fees and expenses, and selecting or terminating investment managers. What it means for a non-profit organization to be CEFEX-certified. Investment stewards, such as Whitney Benefits trustees and staff, have the primary responsibility for effective management and the adherence to investment fiduciary practices. Benefits of fiduciary assessments include: establishing evidence that Whitney is following a prudent investment process; increases long-term investment performance by identifying appropriate procedures for diversifying the portfolio across multiple asset classes and peer groups, evaluating investment management fees and expenses and selecting and terminating Investment Managers as appropriate. This fiduciary practice uncovers investment and procedural risks not previously identified, which assists in prioritizing investment management projects. This practice encourages Whitney to compare their practices to their peers, and assists in establishing benchmarks to measure Whitney’s efforts. Whitney Benefits places the highest fiduciary importance on having the best practices in place. By its certification, Whitney can validate its adherence in fiduciary management and demonstrates that Whitney trustees and staff regard independent oversight of its financial activities as paramount.

Mr. Whitney specifically stated in his Will that, "The corporation trustees, acting as such, shall receive no pay for their services, as it seems to me that the selection and honor of serving on such a board for such purpose would, with the opportunity given to benefit the youth of their own county, attract men of ability and influence who would find the work a labor of love, so to speak, and would willingly fill the office of advisors and directors of the paid working officials into whose hands they commit the actual working out of their plans and instructions." CURRENT WHITNEY BENEFITS BOARD OF DIRECTORS Roy Garber, President; Tom Belus, Vice-President; Everett McGlothlin, Secretary; Dr. Stephen Holst, Treasurer; Sam Scott; Kim Love; Robert Prusak; Brandi Bilyeu; Nadine Gale; Dave Kinskey; Cameron Duff; Pam Peldo; and Megan Cook Since 1927, when Whitney Benefits was created, over 100 dedicated individuals have served on the Whitney Benefits Board of Trustees. These Whitney Trustees have dedicated years of volunteer service supporting education and building our Sheridan community.

Mr. Whitney specifically stated in his Will that, "The corporation trustees, acting as such, shall receive no pay for their services, as it seems to me that the selection and honor of serving on such a board for such purpose would, with the opportunity given to benefit the youth of their own county, attract men of ability and influence who would find the work a labor of love, so to speak, and would willingly fill the office of advisors and directors of the paid working officials into whose hands they commit the actual working out of their plans and instructions." CURRENT WHITNEY BENEFITS BOARD OF DIRECTORS Roy Garber, President; Tom Belus, Vice-President; Everett McGlothlin, Secretary; Dr. Stephen Holst, Treasurer; Sam Scott; Kim Love; Robert Prusak; Brandi Bilyeu; Nadine Gale; Dave Kinskey; Cameron Duff; Pam Peldo; and Megan Cook Since 1927, when Whitney Benefits was created, over 100 dedicated individuals have served on the Whitney Benefits Board of Trustees. These Whitney Trustees have dedicated years of volunteer service supporting education and building our Sheridan community.

WHITNEY FOUNDATION

CONTINUES CERTIFICATION

FOR FIDUCIARY EXCELLENCE

The CEFEX standard of excellence for Investment Stewards is based on fiduciary practices that seek to increase long-term investment performance by diversifying the portfolio across multiple asset classes and peer groups, evaluating investment management fees and expenses, and selecting or terminating investment managers. What it means for a non-profit organization to be CEFEX-certified. Investment stewards, such as Whitney Benefits trustees and staff, have the primary responsibility for effective management and the adherence to investment fiduciary practices. Benefits of fiduciary assessments include: establishing evidence that Whitney is following a prudent investment process; increases long-term investment performance by identifying appropriate procedures for diversifying the portfolio across multiple asset classes and peer groups, evaluating investment management fees and expenses and selecting and terminating Investment Managers as appropriate. This fiduciary practice uncovers investment and procedural risks not previously identified, which assists in prioritizing investment management projects. This practice encourages Whitney to compare their practices to their peers, and assists in establishing benchmarks to measure Whitney’s efforts. Whitney Benefits places the highest fiduciary importance on having the best practices in place. By its certification, Whitney can validate its adherence in fiduciary management and demonstrates that Whitney trustees and staff regard independent oversight of its financial activities as paramount.