Charter of the Audit Committee

Charter of the Audit Committee Lennar Charitable Housing Foundation Charter of the Audit Committee Purpose The Audit Committee (the Committee) is appointed by the Board of Directors (the Board) of Lennar Charitable Housing Foundation (LCHF) to assist the Board in fulfilling its oversight responsibilities. The Committee’s primary duties and responsibilities are to assist the Board with respect to: • The adequacy of LCHF’s internal controls and financial reporting processes and the reliability of LCHF’s financial reports to the general public. • The independence and performance of the independent auditor (Independent Auditor) selected to audit LCHF. The Independent Auditor shall be free of any relationship that, in the reasonable judgment of the Committee, may interfere with such Independent Auditor’s exercise of independent judgment. • LCHF’s compliance with legal and regulatory requirements. • Assessing risks, financial or otherwise, that may adversely affect LCHF. • Advising the Board of any significant problem the Committee is aware of. The Committee shall have the authority, in its discretion, to conduct investigations and retain, at LCHF’s expense, legal, accounting or other expertise to advise the Committee. Furthermore, the Committee (with Board approval) is responsible for engaging the Independent Auditor for LCHF. Membership The Committee shall be comprised of ...