2023-08-25T12:05:24-05:00 2022-12-31 PwC US Tax LLP 300 Madison Avenue New York NY 10017 990 2022-01-01 510439609 CBRE FOUNDATION INC % CBRE INC CBRE 2159217444 2221 ROSECRANS AVENUE SUITE 100 EL SEGUNDO CA 90245 MARIA MINETTI TREASURER 2159217444 2023-08-21 true MARIA MINETTI 999009999 MEREDITH MONROE P01441362 6464713000 2023-08-14 2 2022 2023-04-26 12:10:37Z MARIA MINETTI 2221 ROSECRANS AVENUE STE 100 EL SEGUNDO CA 90245 1084720 false X www.CBRECARES.COM X 2003 CA CBRE FOUNDATION SUPPORTS LOCAL AND DOMESTIC RESPONSE EFFORTS AND SIGNATURE PROGRAMS UNIQUE TO CBRE AS A CARING ORGANIZATION. X 4 4 0 10 0 0 7060592 1084720 0 0 0 0 0 -132063 7060592 952657 7900258 1470421 0 0 0 69115 0 0 123634 298026 526680 8198284 2066216 -1137692 -1113559 1419953 0 306394 0 1113559 0 X CBRE IS COMMITTED TO FULFILLING ITS ROLE AS A RESPONSIBLE CORPORATE CITIZEN BY SUPPORTING THE PHILANTHROPIC PASSIONS OF OUR EMPLOYEES IN THE COMMUNITIES IN WHICH THEY LIVE AND WORK, INCLUDING LOCAL COMMUNITY OUTREACH AND DISASTER-RESPONSE PROGRAMS. false true 1470421 1470421 0 CBRE FOUNDATION CONTRIBUTES TO NUMEROUS CHARITIES AS PART OF AN EMPLOYEE MATCHING GIFT PROGRAM WITH CBRE, INC. AND IT ALSO SUPPORTS FUNDRAISING EFFORTS OF THE LOCAL CBRE, INC. OFFICES THROUGHOUT THE UNITED STATES. 1470421 true true false false false false false false false false false false false false false false true false false false true true false false true false false true false false false false false false false false false false false false false true false true false false false true 0 0 0 false false false false false true true false false false false false false X 4 4 true false false false false false false true true false false true true true true false false false CA X CBRE INC 2159217444 2221 ROSECRANS AVENUE SUITE 100 EL SEGUNDO CA 90245 MICHAEL J LAFITTE DIRECTOR 0.04 0.0 X 0 0 0 JOHN JACK E DURBURG DIRECTOR 0.04 0.0 X 0 0 0 TIMOTHY A DISMOND DIR & PRESIDENT 0.04 0.0 X X 0 0 0 CHANDRA DHANDAPANI DIRECTOR 0.04 0.0 X 0 0 0 MADELEINE BARBER TREASURER THRU 9/12/2022 0.04 0.0 X 0 0 0 VERONICA HAYDEN SECRETARY 0.04 0.0 X 0 0 0 CINDY KEE ASSISTANT SECRETARY 0.04 0.0 X 0 0 0 MARIA MINETTI TREASURER AS OF 10/7/2022 0.04 0.0 X 0 0 0 0 0 0 0 false false false 0 283016 750000 51704 1084720 0 0 0 0 0 0 0 0 0 283016 132063 -132063 -132063 0 0 0 0 0 0 0 952657 -132063 1310626 1310626 0 159795 159795 0 0 0 69115 69115 0 0 0 0 6031 6031 27936 27936 0 0 0 0 0 1065 1065 0 0 0 0 0 0 0 0 0 0 BENEVITY ADMIN FEES 123634 123634 SOFTWARE SUBSCRIPTIONS 368014 368014 2066216 1470421 472161 123634 1274944 0 0 0 26158 0 0 0 0 0 0 0 0 0 0 0 118851 0 0 0 0 0 0 0 0 0 0 0 0 0 1419953 0 43270 0 263124 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 306394 0 X 1086401 0 27158 0 1113559 0 1419953 0 -1113559 X X false true X true false X 1502504 1750941 15570565 7060592 1084720 26969322 0 0 1502504 1750941 15570565 7060592 1084720 26969322 23508127 3461195 853 842 48 0 0 1743 0 0 26971065 0.12833 0.17102 X SCHEDULE A, PART 11, LINE 17B - Facts and Circumstances Support How the CBRE Foundation is Organized The CBRE Foundation was formed in 2002 and from its founding has proudly operated as a public charity. Grantmaking goals have fluctuated over the years but generally the Foundation has focused on charitable giving to local non-profit organizations in various cities to provide shelter, food and other essentials to broad-based underserved populations. The bulk of contributions to the Foundation until 2020 came almost exclusively from outside organizations through fundraising events, and through many small donations ($200 or less) from CBRE, Inc., employees. CBRE, Inc., is a for profit corporation. In this way the Foundation has always been able to meet the 33-1/3 percent public support test under Sections 170(b)(1)(A)(vi) and 509(a)(1) of the IRC while engaging in community giving to local and national public charities. However, in 2020 a few changes to the Foundation's programs began impacting the public support percentage: (1) The Foundation implemented an online technology solution to manage the matching gift program which created greater efficiencies, but also meant that the Foundation was no longer taking in those donations as they were now being directed straight to the vendor causing a significant decrease in individual donations to the Foundation, (2) Due to the pandemic, fundraising events were cancelled which also greatly reduced support received from the public, and (3) Due to the various world-changing events of 2020, CBRE Inc made a large contribution to support the efforts of the Foundation which, in conjunction with a decrease in public support as described above, is the reason the public support percentage began to fall below the threshold. In 2021 the Foundation planned to reinstitute fundraising events, reevaluate the use of the technology solution to manage matching gifts and hire a full-time manager to provide better accountability and oversee fundraising and grantmaking activities. After strategic review of the technology solution it was decided that removing it would be detrimental to donors and that the Foundation would keep it in place and focus on increasing fundraising events. The unexpected continuation of pandemic restrictions prohibited the Foundation from organizing in-person fundraising events for the second year in a row. The Foundation quickly pivoted to focus on online fundraising which did not prove to be as successful as in-person events. The feedback received indicated a lot of donor hesitancy due to uncertainty about the economy and donor fatigue (receiving numerous donation requests). The Foundation continued to utilize various communication channels to encourage donations, but still failed to reach its goals. Additionally, the Foundation launched a strategic initiative (described below) to focus charitable giving on (1) climate action, and (2) workforce development and educational programs for diverse populations. In a departure from past practices, the Foundation sought substantial contributions from CBRE, Inc., with the goal of kicking off the new strategic charitable program until (1) program staff could implement a fundraising plan to increase contribution levels from various outside organizations and the general public, and (2) the board of directors could expand by recruiting qualified experts with varied professional expertise and experience to guide grantmaking decisions. Unfortunately, in 2021 efforts to raise money from the general public and outside groups came up short and due to the generous giving of CBRE, Inc., the Foundation seeks to qualify as a public charity under the so-called 10 percent facts and circumstances test because of the unusual circumstances primarily stemming from the pandemic CBRE Foundation Operations In 2021 CBRE Foundation awarded $7.9 million in grants to numerous national and local Section 501(c)(3) public charities to advance various charitable activities benefiting a diverse and broad range of communities and individuals. In 2021 the board of directors made a decision to hire foundation professionals to develop and implement a strategic approach to charitable giving. An active and public search was conducted and an experienced foundation and non-profit professional was hired as the Foundation's first full-time Manager. The Foundation Manager was tasked by the board to formulate a long-term strategic approach to fundraising and grantmaking that would have a lasting impact on targeted populations and the global environment. The Foundation Manager consulted with experts in other foundations and the private sector to identify methodologies to leverage charitable resources to (1) foster a new generation of business leaders in underserved populations and (2) provide models to the private sector, particularly real estate companies, to help create innovative solutions to pressing climate problems. After surveying numerous academic, business and thinktank experts, the Foundation rolled out a new strategy for grantmaking centered around three critical substantive areas. The pillars of the grantmaking program are to fund organizations that (1) help build a diverse workforce of tomorrow through an emphasis on training and education that fosters development of professionals and skilled workers in underserved communities; (2) play a leading role on climate action initiatives focused on decarbonization, conservation and other select environmental strategies - particularly as applicable to the real estate sector; and (3) improve the community of Dallas through partnerships and grants to local non-profits focused on economic, workforce, youth and sustainable development initiatives. In consultation with outside experts and community leaders, the board approved targeted grants to 14 nonprofits with subject matter expertise that serve various large and traditionally underserved populations and communities. Examples of the Foundation's grantmaking include but are not limited to: A Diverse and Skilled Workplace The Foundation targeted funding to establish and grow partnerships with key nonprofits that increase education and career opportunities for underrepresented populations, including people of color, women, military service members and veterans, people with disabilities, and LGBTQ+ individuals. The Foundation's collaborations included: Asia Pacific Islander American Scholarship Fund, Bridges from School to Work, Girls, Inc., Hiring Our Heroes, Hispanic Scholarship Fund, Point Foundation, Project Destined, and the Thurgood Marshall College Fund (TMCF). Climate Action The Foundation focused on combating climate change and reducing environmental impact on people and the planet by partnering with public charities such as the Institute for Sustainable Communities (ISC) and the Rocky Mountain Institute (RMI). The specific goals of these programs were to help develop methodologies for businesses to strike the balance between significantly reducing carbon emissions while enabling communities to thrive. With the Foundation's support, ISC advanced equitable climate solutions globally and promoted the resilience and decarbonization of cities. RMI leveraged Foundation support to help transform the global energy system through efforts to bring buildings to the forefront of a zero-carbon future. The Dallas Initiative The Foundation supported community betterment initiatives in the city of Dallas where the headquarters of CBRE Group, Inc., is located. To be clear, this community strategy and specific grants were not directed by the senior management of CBRE Inc., but were instead driven by Foundation staff and the underlying strategy approved by the Foundation's board. Specific grants included but were not limited to public charities such as Behind Every Door, the Dallas chapter of Girls, Inc., and the I Am a Golfer Foundation. These partnerships will help expand opportunities for young people in underinvested communities so they can forge healthy, happy, engaged and productive lives. The general goal is to help foster the next generation of civic and business leaders within the Dallas community. CBRE Foundation's Continuing Status as a Public Charity THE FOUNDATION IS ORGANIZED AND HAS PROUDLY OPERATED AS A PUBLIC CHARITY FOR TWENTY YEARS. THE FOUNDATION'S CHARITABLE GIVING TO WELL-KNOWN AND DIVERSE COMMUNITY AND NATIONAL PUBLIC CHARITIES; ITS BROAD-BASED FUNDRAISING AND CONTRIBUTION SOURCES OVER THE YEARS; AND THE BOARD'S COMMITMENT TO WORKING WITH COMMUNITY LEADERS AND OTHER EXPERTS TO DEVELOP IMPACTFUL GRANTMAKING STRATEGIES ARE CORNERSTONES OF MAINTAINING EXEMPT STATUS AS A PUBLIC CHARITY. FOR THESE AND OTHER REASONS THE BOARD BELIEVES THAT THE FOUNDATION MEETS THE 10 PERCENT FACTS AND CIRCUMSTANCES TEST IN 2021. GOING FORWARD THE BOARD HAS ASSESSED THE FEASIBILITY OF PURSUING THE FOUNDATION'S RECENTLY ADOPTED STRATEGIC PLAN WHILE MAINTAINING PUBLIC CHARITY STATUS THROUGH THE 33-1/3 PERCENT PUBLIC SUPPORT TEST UNDER SECTIONS 170(B)(1)(A)(VI) RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1254831 170111 170111 1084720 -132063 -132063 952657 2368390 170111 132063 302174 2066216 2066216 SCHEDULE D, PART XI, LINE 4B SPECIAL EVENTS EXPENSES : (132,063) SCHEDULE D, PART XII, LINE 2D SPECIAL EVENTS EXPENSES : 132,063 true Europe (Including Iceland and Greenland) Grantmaking 159795 159795 159795 Europe (Including Iceland and Greenland) HUMAN SERVICES 149795 WIRE N/A N/A Europe (Including Iceland and Greenland) HUMAN SERVICES 10000 WIRE N/A N/A 2 SCHEDULE F, PART II ALL GRANT FUND RECIPIENTS ARE REQUIRED TO PROVIDE PROOF OF CHARITY STATUS AND A LETTER OF RECEIPT TO THE EMPLOYEE OF CBRE WHOSE DONATION IS MATCHED BY THE FOUNDATION, OR A LETTER DIRECTLY TO THE FOUNDATION PROVIDING INFORMATION REGARDING HOW THE FUNDS HAVE OR WILL BE USED BY THE ORGANIZATION. THIS INFORMATION IS REVIEWED FIRST BY THE FOUNDATION'S DESIGNATED APPROVER AND THEN FINALLY BY AN ACCOUNTING ANALYST TO ENSURE ALL REQUIRED PAPERWORK IS IN ORDER. ATLANTA GOLF 113635 113635 3162 46187 13299 AUSTIN GOLF 84767 84767 1493 26102 530 1268 0 84614 84614 7599 5273 19626 5500 2024 283016 283016 12254 77562 33455 5500 3292 132063 -132063 true American Cancer Society 3380 Chastain Meadows Parkway NW KENNESAW GA 30144 131788491 501(c)(3) 5487 N/A N/A HEALTH SERVICES Any Baby Can 6207 Sheridan Avenue Austin TX 78 DALLAS TX 75201 742684335 501(c)(3) 7196 N/A N/A HEALTH SERVICES Austin Pets Alive 1156 W Cesar Chavez Street Austin AUSTIN TX 78703 742893360 501(c)(3) 7196 N/A N/A ANIMAL RESCUE Austin Plastic Surgery Foundation 9415 Burnet Road Suite 207 Austin AUSTIN TX 78758 742479196 501(c)(3) 7196 N/A N/A HEALTH SERVICES CASA of Travis County 7600 Chevy Chase Drive Suite 200 AUSTIN TX 78752 742369123 501(c)(3) 7196 N/A N/A HUMAN SERVICES Chefs Showcase Foundation 2100 McKinney Avenue Suite 700 Da DALLAS TX 75201 200371453 501(c)(3) 47150 N/A N/A HUMAN SERVICES Clean the World Global LLC PO Box 622620 Orlando FL 32862- ORLANDO FL 328622620 451826800 501(c)(3) 17040 N/A N/A HUMAN SERVICES Denver Dumb Friends League 2080 S Quebec Street Denver CO 80 Denver CO 80231 840405254 501(c)(3) 7444 N/A N/A ANIMAL RESCUE Emergency Assistance Foundation Inc 700 S Dixie Hwy Suite 200 West P WEST PALM BEACH FL 33401 451813056 501(c)(3) 280911 N/A N/A HUMAN SERVICES Explore Austin 1111 W 24th Street Suite 201 Aus AUSTIN TX 78705 205496495 501(c)(3) 7196 N/A N/A HUMAN SERVICES For the Hope Partnership 471 Havilon Way Smyrna GA 30082 SMYRNA GA 30082 271739004 501(c)(3) 6000 N/A N/A HUMAN SERVICES Habitat for Humanity Atlanta 824 Memorial Drive SE Atlanta GA ATLANTA GA 30316 581535414 501(c)(3) 6000 N/A N/A HUMAN SERVICES Habitat for Humanity Austin 500 West Ben White Blvd Austin T AUSTIN TX 787047030 742373217 501(c)(3) 10000 N/A N/A HUMAN SERVICES Habitat for Humanity of Metro Denver 7535 E Hampden Avenue Suite 600 D DENVER CO 80231 742050021 501(c)(3) 10467 N/A N/A HUMAN SERVICES Helping Hand Home for Children Inc 3804 Avenue B Austin TX 78751 AUSTIN TX 78751 741144638 501(c)(3) 7196 N/A N/A HUMAN SERVICES Rebuilding Together Atlanta PO Box 12406 Atlanta GA 30335 ATLANTA GA 30335 581983743 501(c)(3) 10000 N/A N/A HUMAN SERVICES SEARCH Homeless Services 2015 Congress Avenue Houston TX 7 HOUSTON TX 77002 760260403 501(c)(3) 19690 N/A N/A HUMAN SERVICES Skyland Trail 1961 North Druid Hills Rd NE Atl ATLANTA GA 30329 581489941 501(c)(3) 6000 N/A N/A HEALTH SERVICES The Kempe Foundation 13123 E 16th Avenue B390 Aurora AURORA CO 80045 841064295 501(c)(3) 7444 N/A N/A HUMAN SERVICES Twin Cities Habitat for Humanity 1954 University Avenue W St Paul ST PAUL MN 55104 363363171 501(c)(3) 10000 N/A N/A HUMAN SERVICES United Way of Metropolitan Dallas 1800 N Lamar Street Dallas TX 75 DALLAS TX 75202 756005352 501(c)(3) 8000 N/A N/A HUMAN SERVICES Vincare Services of Austin Foundation PO Box 150637 Austin TX 78715 AUSTIN TX 78715 742968167 501(c)(3) 7196 N/A N/A HUMAN SERVICES American Online Giving Foundation Inc 40 East Main St Ste 887 Newark D NEWARK DE 19711 810739440 501(c)(3) 757968 N/A N/A HUMAN SERVICES 23 SCHEDULE I, PART I, LINE 2: ALL GRANT FUND RECIPIENTS ARE REQUIRED TO PROVIDE PROOF OF 501(C)(3) STATUS AND A LETTER OF RECEIPT TO THE EMPLOYEE OF CBRE WHOSE DONATION IS MATCHED BY THE FOUNDATION, OR A LETTER DIRECTLY TO THE FOUNDATION PROVIDING INFORMATION REGARDING HOW THE FUNDS HAVE OR WILL BE USED BY THE ORGANIZATION. THIS INFORMATION IS REVIEWED FIRST BY THE FOUNDATION'S DESIGNATED APPROVER AND THEN FINALLY BY AN ACCOUNTING ANALYST TO ENSURE ALL REQUIRED PAPERWORK IS IN ORDER. CASH 2022-12-29 214537 BOOK 451813056 EMERGENCY ASSISTANCE FOUNDATION IN 700 S DIXIE HWY WEST PALM BEACH FL 33401 501(C)(3) false false false false SCHEDULE N, PART III THE ORGANIZATION CEASED OPERATIONS AS OF 12/31/2022 AND MADE A LIQUIDATING DISTRIBUTION TO A 501(C)(3) PUBLIC CHARITY. THE ORGANIZATION FILED FORMAL DISSOLUTION DOCUMENTS WITH THE STATE OF CALIFORNIA AS OF 4/25/2023. FORM 990, PART III, LINE 3 THE ORGANIZATION CEASED OPERATIONS AS OF 12/31/2022 AND MADE A LIQUIDATING DISTRIBUTION TO A 501(C)(3) PUBLIC CHARITY. THE ORGANIZATION FILED FORMAL DISSOLUTION DOCUMENTS WITH THE STATE OF CALIFORNIA AS OF 4/25/2023. FORM 990, PART VI, SECTION A, LINE 2 - BUSINESS RELATIONSHIPS ALL BOARD MEMBERS AND OFFICERS OF THE ORGANIZATION ARE EMPLOYEES OF CBRE, INC. DURING 2022. FORM 990, PART VI, SECTION B, LINE 11B - REVIEW FORM 990 THE FORM 990 AND RELATED SCHEDULES ARE COMPLETED BY OUTSIDE TAX ADVISORS AND REVIEWED INTERNALLY BY MANAGEMENT. THE FINAL FORM 990 IS THEN PROVIDED TO ALL VOTING MEMBERS OF THE BOARD PRIOR TO SUBMITTING TO THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C A CONFLICT OF INTEREST POLICY (COI) WAS ADOPTED IN 2020. A COI Policy and Disclosure Form was developed in late 2021 AND it was formally signed by Officers and Directors in January 2022 as per the new policy. FORM 990, PART VI, SECTIONC, LINE 19 INFORMATION IS MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 1 the Board of Directors of CBRE Foundation, Inc. approved a plan of liquidation on October 31, 2022, and the Foundation began liquidation proceeds shortly thereafter. As a result, the Foundation changed its basis of accounting for periods after October 31, 2022 to the liquidation basis in accordance with accounting principles generally accepted in the United States of America. CBRE INC 2221 ROSECRANS AVE STE 100 EL SEGUNDO CA 90245 943391143 REAL ESTATE CA NA C CORP false false false true false false false false false false false false false false false false true false false false