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THE ORGANIZATION CONDUCTS A PRE-GRANT INQUIRY TO EVALUATE THE GRANTEE. GRANTS ARE SUBJECT TO WRITTEN GRANT AGREEMENTS THAT IMPOSE REPORTING OBLIGATIONS, REQUIRE FUNDS BE USED SOLELY AS SPECIFIED IN THE PROPOSAL, AND REQUIRE THAT FUNDS BE RETURNED IF NOT SPENT APPROPRIATELY OR IF REPORTS AREN'T FILED AS REQUIRED. ALL GRANTS MUST BE USED FOR EXCLUSIVELY CHARITABLE PURPOSES AND MAY NOT BE USED FOR POLITICAL ACTIVITY, SUCH AS CONTRIBUTING TO A POLITICAL CANDIDATE OR COORDINATING WITH A CANDIDATE'S CAMPAIGN. 0 0 0 0 0 0 0 0 0 ANDREW SCHULZ GENERAL COUNSEL 7125 300000 0 0 0 900 0 18054 0 23402 7125 342356 0 0 FORM 990, PART VI, SECTION A, LINE 3 ARABELLA ADVISORS, A NATIONWIDE CONSULTING FIRM WITH EXPERTISE IN PHILANTHROPY AND NONPROFIT ORGANIZATION MANAGEMENT, PROVIDES MANAGEMENT AND ADMINISTRATIVE SERVICES TO TELESCOPE FUND. ARABELLA ADVISORS ENSURES THAT TELESCOPE FUND COMPLIES WITH FEDERAL, STATE, AND LOCAL REGULATIONS, AND PROVIDES OTHER ADMINISTRATIVE FUNCTIONS FOR TELESCOPE FUND, INCLUDING HR, PAYROLL, AND COMPLIANCE SUPPORT SERVICES SO THAT TELESCOPE CAN FOCUS ENTIRELY ON THEIR PHILANTHROPIC AND CHARITABLE GOALS. FORM 990, PART VI, SECTION A, LINE 6 TELESCOPE FUND HAS ONE SOLE MEMBER: NEW VENTURE FUND, WHICH IS THE SUPPORTED ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A NEW VENTURE FUND HAS THE POWER TO APPOINT AT LEAST A MAJORITY OF TELESCOPE FUND'S BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B UPON RECEIPT OF THE COMPLETED FORM 990 FROM TELESCOPE FUND'S INDEPENDENT TAX ACCOUNTANT, THE ORGANIZATION'S MANAGEMENT AND LEGAL COUNSEL REVIEWS A DRAFT OF THE FORM; ADJUSTMENTS ARE MADE, AS NECESSARY. TELESCOPE FUND THEN SENDS THE COMPLETED FORM 990 TO ALL MEMBERS OF THE BOARD OF DIRECTORS FOR REVIEW AND COMMENT AND, UPON ADDRESSING ALL COMMENTS, THE FORM 990 IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C ALL PERSONS COVERED BY THE ORGANIZATION'S CONFLICT OF INTEREST POLICY (WHICH INCLUDE ALL DIRECTORS AND OFFICERS) ARE REQUIRED TO DECLARE CONFLICTS OF INTEREST ANNUALLY. COVERED INDIVIDUALS CANNOT VOTE ON MATTERS BEFORE THE BOARD WHEN THEY HAVE A CONFLICT IN THE MATTER. DISINTERESTED MEMBERS MUST DETERMINE WHETHER OR NOT THERE ARE ANY SUITABLE ALTERNATIVES TO POTENTIAL TRANSACTIONS THAT CAUSE CONFLICT. IF A COVERED PERSON IS FOUND TO BE IN VIOLATION OF THIS POLICY, IT MAY BE CAUSE FOR REMOVAL FROM THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION DID NOT COMPENSATE A TOP MANAGEMENT OFFICIAL, OFFICER, OR KEY EMPLOYEE DURING 2022. FORM 990, PART VI, SECTION C, LINE 19 CURRENTLY, TELESCOPE FUND DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC, EXCEPT TO THE EXTENT INCLUDED IN THE APPLICATION FOR EXEMPT STATUS, WHICH IS PUBLICLY AVAILABLE. NEW VENTURE FUND 1828 L STREET NW SUITE 300-A WASHINGTON DC 20036 205806345 TO SUPPORT INNOVATIVE AND EFFECTIVE PUBLIC INTEREST PROJECTS DC 501(C)(3) LINE 7 N/A 0 POSTSECONDARY NATIONAL POLICY INSTITUTE 1828 L STREET NW SUITE 300-E WASHINGTON DC 20036 474374655 PROFESSIONAL DEVELOPMENT FOR POLICYMAKERS WORKING ON HIGHER EDUCATION ISSUES DC 501(C)(3) LINE 12A, I NEW VENTURE FUND 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0