Home › Money › $322,431 put into a board member’s aviation fund
Money
$322,431 put into a board member’s aviation fund
Its 2024 return shows $322,431 put into an aviation fund run by board member Neil Book.
Updated Friday, October 23, 2026
FOUH’s 990 (Part VI) reports all voting directors as independent.
Its 2024 return shows $322,431 put into an aviation fund run by board member Neil Book. It also shows $250,000 put into 3i, the chairman’s company.
Investing donor money with board members raises questions an accountant should answer.
The proof
Their statement: FOUH reports all voting directors as independent (Part VI).
The record: FOUH TY2024 Sch L: $322,431 invested in JSSI Aviation Capital Fund I, LP, chaired and run by board member Neil Book; $250,000 in 3i (chair Mark Gerson’s company).
Which is it? Whether these should affect independence answers is a question for an accountant [INF].
Sources
- See research file below.
Research file(s): sommer-forensic/SOMMER-FORENSIC.md §3; book-jssi notes · Check status: Checked 2 ways ✓ (see How we checked)