2023-11-02T11:57:59-05:00 2022-12-31 910189318 MOSS ADAMS LLP 3121 W MARCH LN STE 200 STOCKTON CA 952192367 990 2022-01-01 946064808 HENRY J KAISER FAMILY FOUNDATION HENR 6508549400 185 BERRY STREET 2000 SAN FRANCISCO CA 94107 ELIZABETH A CAIN CFO 6508549400 2023-11-01 1 ELIZABETH CAIN XXX-XX-XXXX 0 TRACY S PAGLIA P00366884 2099556100 2023-11-01 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z KFF DREW ALTMAN 185 BERRY STREET 2000 SAN FRANCISCO CA 94107 109980737 0 X WWW.KFF.ORG X 1948 CA TO FILL THE NEED FOR TRUSTED, INDEPENDENT INFORMATION ON NATIONAL HEALTH ISSUES. 11 10 248 7 1367285 612603 28524626 20716641 0 0 81985936 50011933 493508 -3699 111004070 70724875 665539 630796 0 0 36360535 41569760 0 0 745316 29700915 28706235 66726989 70906791 44277081 -181916 1103580994 859649669 159463379 145694349 944117615 713955320 X SEE SCHEDULE O.KFF FILLS THE NEED FOR TRUSTED, INDEPENDENT INFORMATION ON NATIONAL HEALTH ISSUES THROUGH POLICY ANALYSIS, POLLING & SURVEY RESEARCH, AND JOURNALISM. THE HALLMARK OF KFF IS OUR FOCUS ON HOW POLICY AFFECTS PEOPLE. WE BELIEVE IN THE IMPORTANCE OF EVIDENCE, INFORMATION AND FACTS. WE PROVIDE A VOICE FOR PEOPLE WHO DON'T ALWAYS HAVE A SEAT AT THE TABLE. WE NEVER TRY TO ACHIEVE ANY PARTICULAR POLICY, OR TAKE POSITIONS OR ADVOCATE FOR POLICIES OR PROGRAMS. WE WANT TO ENSURE THAT DEBATE IS INFORMED BY CREDIBLE AND TIMELY INFORMATION - WHETHER IT'S A POLICY ANALYSIS, A POLL, OR A KFF HEALTH NEWS STORY OR INVESTIGATION. 0 0 21530692 0 0 POLICY - THROUGH OUR POLICY WORK WE PRODUCE INFORMATION, FACTS AND ANALYSIS IN A VARIETY OF KEY NATIONAL HEALTH POLICY ARENAS. KFF POLICY EXPERTS WORK MAINLY ON ANALYZING HOW PEOPLE FARE IN THE LARGEST PUBLIC HEALTH INSURANCE PROGRAMS - INCLUDING MEDICARE, MEDICAID AND THE AFFORDABLE CARE ACT, AND IN PRIVATE HEALTH INSURANCE. IN ADDITION, WE HAVE SPECIAL EXPERTISE IN UNDERSTANDING RACIAL AND ETHNIC EQUITY ISSUES IN HEALTH CARE, HIV, WOMEN'S HEALTH POLICY AND THE NATION'S ROLE IN GLOBAL HEALTH POLICY. 21311598 0 0 JOURNALISM - KFF HEALTH NEWS, OUR CREDENTIALED, NONPROFIT, EDITORIALLY-INDEPENDENT NEWS SERVICE, IS COMMITTED TO IN-DEPTH COVERAGE OF HEALTH CARE POLICY AND POLITICS. KFF HEALTH NEWS PROVIDES THE HIGHEST QUALITY NEWS COVERAGE OF HEALTH POLICY ISSUES AND DEVELOPMENTS AT THE FEDERAL AND STATE LEVELS, IN THE MARKETPLACE AND HOW THEY AFFECT PEOPLE. KFF HEALTH NEWS SERVES AS THE PREMIER SOURCE OF HEALTH POLICY JOURNALISM DISTRIBUTING OUR CONTENT THROUGH DOZENS OF PARTNER NEWS ORGANIZATIONS WHO RUN KFF HEALTH NEWS STORIES, AMONG THEM THE WASHINGTON POST, NPR, NEW YORK TIMES, USA TODAY, MCCLATCHY NEWSPAPERS, CHICAGO TRIBUNE, PHILADELPHIA INQUIRER AND A BROAD RANGE OF BROADCAST PARTNERS. 7822296 0 0 PUBLIC OPINION & SURVEY RESEARCH PROGRAM CONDUCTS AND ANALYZES ORIGINAL RESEARCH ON AMERICANS' ATTITUDES, KNOWLEDGE AND EXPERIENCES WITH THE HEALTH CARE SYSTEM WITH THE GOAL OF AMPLIFYING THE PUBLIC'S VOICE IN MAJOR NATIONAL DEBATES, PARTICULARLY THE VOICE OF OFTEN-DISENFRANCHISED GROUPS SUCH AS THE LOW INCOME AND UNINSURED. KFF CONDUCTS POLLS ITSELF AND IN PARTNERSHIP WITH MAJOR NEWS ORGANIZATIONS. 6182710 630796 0 SOCIAL IMPACT MEDIA - WE DEVELOP AND HELP RUN LARGE-SCALE, PUBLIC HEALTH INFORMATION CAMPAIGNS IN THE U.S. BY WORKING WITH MAJOR MEDIA, OTHER CORPORATE ALLIES, HEALTH DEPARTMENTS, NATIONAL LEADERSHIP AND COMMUNITY ORGANIZATIONS. THESE LARGE-SCALE, MULTI-FACETED PUBLIC INFORMATION PARTNERSHIPS FOCUS MOSTLY AT REACHING PEOPLE MOST AT RISK OF HIV AND CURRENTLY FOCUS ON THE SOUTH UNDER THE UMBRELLA NAME GREATER THAN AIDS. HEALTH TRUST INITIATIVE - IN LATE FALL 2022, KFF BEGAN TO DEVELOP THIS NEW PROGRAM TO IDENTIFY AND ADDRESS MISINFORMATION AND DISINFORMATION IN THE MEDIA. KFF MAKES NO PROGRAMMATIC GRANTS. GRANTS CONSIST OF TRUSTEE SPECIAL PROJECT GRANTS AND MATCHING GIFTS, WHICH QUALIFY AS GRANTS, AND ARE LISTED ON SCHEDULE I. 6182710 630796 0 56847296 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 1 194 0 1 248 1 1 1 1 MP 0 0 0 0 0 0 0 0 0 0 X 11 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AR CA FL GA HI IL KS KY MA MD MI MN MS NC NH NJ NM NY OR PA RI SC TN UT VA WI WV X ELIZABETH A CAIN 6508549400 185 BERRY STREET STE 2000 SAN FRANCISCO CA 94107 DREW ALTMAN TRUSTEE, PRESIDENT & CEO 37.50 X X 957831 0 99674 OLYMPIA SNOWE TRUSTEE, CHAIR 4.00 X 34500 0 0 KATHLEEN SEBELIUS TRUSTEE 4.00 X 28000 0 0 KEVIN MERIDA TRUSTEE 4.00 X 25000 0 0 SUSAN SIEGEL TRUSTEE 4.00 X 30625 0 0 REED V TUCKSON TRUSTEE 4.00 X 22000 0 0 FREDERICK P CERISE TRUSTEE 4.00 X 0 0 0 JAMES E CANALES TRUSTEE 4.00 X 0 0 0 MARCELLA NUNEZ-SMITH TRUSTEE 4.00 X 0 0 0 SOLEDAD O'BRIEN TRUSTEE 4.00 X 0 0 0 FRED TERRELL TRUSTEE 4.00 X 0 0 0 BEVERLY MALONE TRUSTEE UNTIL SEPTEMBER 23, 2022 4.00 X 0 0 0 PETER TAYLOR TRUSTEE UNTIL DECEMBER 16, 2022 4.00 X 0 0 0 ELIZABETH CAIN CHIEF FINANCIAL OFFICER 37.50 X 349159 0 74582 MOLLYANN BRODIE EXECUTIVE VICE PRESIDENT & COO 37.50 X 494095 0 97249 LAWRENCE LEVITT EXECUTIVE VP FOR HEALTH POLICY 37.50 X 496478 0 83154 DEAN DUCHAK CO-CHIEF INVESTMENT OFFICER 37.50 X 469969 0 85135 ELEANOR HSU CO-CHIEF INVESTMENT OFFICER 37.50 X 464875 0 88516 DAVID ROUSSEAU PUBLISHER KFF HEALTH NEWS 37.50 X 399180 0 83515 ELISABETH ROSENTHAL EDITOR-IN-CHIEF KFF HEALTH NEWS 37.50 X 356358 0 68964 KRISTINA HOFF SR VP EXEC DIRECTOR OF SOCIAL IMPACT MEDIA 37.50 X 305314 0 69695 4433384 0 750484 107 0 1 0 AUS MARKETING RESEARCH SYSTEMS INC 155 GAITHER DR STE A MOUNT LAUREL NJ 08054 SURVEY & POLLING RESEARCH 3144455 GEORGE WEINER DBA WHOLE WHALE 195 MONTAGUE ST BROOKLYN NY 11201 ONLINE MARKETING 2236606 DAVIS RESEARCH LLC 26610 AGOURA RD STE 240 CALABASAS CA 91302 SURVEY RESEARCH 878928 ALLEY INTERACTIVE LLC 228 PARK AVE SE 85467 NEW YORK NY 10003 WEBSITE DEVELOPMENT & DESIGN 427304 HEALTH MANAGEMENT ASSOCIATES INC 120 N WASHINGTON SQ STE 705 LANSING MI 48933 POLICY RESEARCH 285000 24 1887143 18829498 2236548 20716641 1347477 1347477 3100 7680 -4580 -4580 -4580 50246654 37665984 27707618 11540564 22539036 26125420 48664456 1367285 47297171 CLASS ACTION SETTLEMENTS 900099 881 881 881 70724875 0 1367285 48640949 X 630796 630796 3247483 2045187 1170515 31781 24325225 19467491 4537833 319901 4315796 3453934 805105 56757 7816958 6386788 1336113 94057 1864298 1491999 347782 24517 235175 125060 110115 301902 301902 850212 850212 9138124 8983555 154569 2417450 2396365 21085 956678 822493 104747 29438 1903389 1586752 268788 47849 4069930 3312044 688424 69462 595755 450592 135424 9739 301778 38698 263080 4943534 3527470 1375334 40730 2147014 1897567 249447 194638 168642 25996 UNRELATED BUS INC TAX 796762 796762 FOUNDATION MEMBERSHIPS 46905 39655 7250 0 TAXES, LICENSES, & FEES -25248 -25248 PROVISION-DOUBTFUL ACCT -194772 -194772 27009 22208 4801 70906791 56847296 13314179 745316 33612160 11600267 15776865 16019245 23330 113861 1127094 639200 57183196 26449990 32621170 30733206 62465248 66031525 943342782 721539519 14612345 12972846 1103580994 859649669 7768963 8265519 14707 131949 151679709 137296881 159463379 145694349 X 921672054 688758763 22445561 25196557 944117615 713955320 1103580994 859649669 X -181916 -244240481 14260102 X 0 1 X 1 0 X 25041141 11522346 12615626 28524626 20716641 98420380 25041141 11522346 12615626 28524626 20716641 98420380 42659647 55760733 1258553 1255665 1541112 1215561 1350577 6621468 114032 1726934 484227 2325193 11250 674713 72981 272912 881 1032737 108399778 0.51440 0.55770 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: CLASS ACTION LEGAL SETTLEMENTS - 2022 AMOUNT: $ 881. AWARDS AND CLASS ACTION LEGAL SETTLEMENTS - 2018 AMOUNT: $ 11,250. INSURANCE PROCEEDS AWARDS CLASS ACTION LEGAL SETTLEMENTS - 2019 AMOUNT: $ 674,713. REIMBURSEMENT OF CONSTRUCTION COSTS CLASS ACTION LEGAL SETTLEMENTS AWARDS - 2020 AMOUNT: $ 72,981. INVESTMENT EXPENSE RECOVERY AWARDS CLASS ACTION LEGAL SETTLEMENTS - 2021 AMOUNT: $ 272,912. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7463063 7463063 34292619 16775583 17517036 8400788 3777598 4623190 7010960 5896809 1114151 15766 15766 30733206 INVESTMENTS EQUITY & FIXED INCOME 126604263 F INVESTMENTS HEDGE FUNDS 118155971 F INVESTMENTS PRIVATE EQUITY 415496272 F INVESTMENTS REAL ASSETS 54238691 F INVESTMENT IN DARRIN CAPITAL 3753687 C RECEIVABLE FOR UNSETTLED INVESTMENT TRANSACTIONS 3290635 C 721539519 BOND PAYABLE 100000000 POSTRETIREMENT LIABILITY 25394801 OPERATING LEASE LIABILITIES 11861191 ACCOUNTS PAYABLE UNSETTLED INVESTMENT 40889 137296881 X PART X, LINE 2: KFF ADOPTED FASB ASC TOPIC 740, INCOME TAXES, IN 2007. AS OF DECEMBER 31, 2022, KFF ANALYZED THE INVENTORY OF TAX POSITIONS TAKEN WITH RESPECT TO ALL APPLICABLE INCOME TAX ISSUES FOR ALL OPEN TAX YEARS (IN EACH RESPECTIVE JURISDICTION), INCLUDING DECEMBER 31, 2022 AND 2021, AND CONCLUDED THAT NO RESERVE FOR UNCERTAIN TAX POSITIONS WAS REQUIRED. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 176015000 EAST ASIA AND THE PACIFIC 0 0 INVESTMENTS 1150000 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS 18927000 NORTH AMERICA 0 0 INVESTMENTS SUB-SAHARAN AFRICA 1 1 INVESTMENTS 29000 SUB-SAHARAN AFRICA 0 0 INVESTMENTS 67334000 1 1 0 0 1 1 263455000 0 263455000 1 0 1 1 1 0 PART III ACCOUNTING METHOD: 1 AIDS SUPPORT GROUP OF CAPE COD 96 BRADFORD STREET PROVINCETOWN MA 02657 042908722 501(C)(3) 10000 0 GENERAL SUPPORT BISHOP DUNNE CATHOLIC SCHOOL 3900 RUGGED DRIVE DALLAS TX 75224 752883025 501(C)(3) 10000 0 GENERAL SUPPORT TRUSTEES OF BOSTON UNIVERSITY 881 COMMONWEALTH AVENUE 4TH FLOOR BOSTON MA 02215 042103547 501(C)(3) 27500 0 GENERAL SUPPORT BREAKTIME UNITED INC 170 PORTLAND STREET BOSTON MA 02114 842301372 501(C)(3) 10000 0 GENERAL SUPPORT COMMUNITY SERVINGS INC 179 AMORY STREET JAMAICA PLAIN MA 02130 223154028 501(C)(3) 8950 0 GENERAL SUPPORT CORO SOUTHERN CALIFORNIA INC 1000 N ALAMEDA STREET SUITE 240 LOS ANGELES CA 90012 954274561 501(C)(3) 25000 0 GENERAL SUPPORT DUKE UNIVERSITY 100 FUQUA DRIVE BOX 90120 DURHAM NC 27708 560532129 501(C)(3) 10000 0 MARGOLIS CENTER FOR PUBLIC HEALTH POLICY ELIZABETH B BALLARD COMMUNITY CENTER INC DBA BALLARD COMMUNITY CENTER PO BOX 7 LAWRENCE KS 66044 480848472 501(C)(3) 6000 0 GENERAL SUPPORT EVERY MOTHER COUNTS 333 HUDSON STREET SUITE 1006 NEW YORK NY 10013 454102644 501(C)(3) 8000 0 GENERAL SUPPORT GLOBAL JUSTICE CENTER 11 HANOVER SQUARE 6TH FLOOR NEW YORK NY 10005 208734461 501(C)(3) 10000 0 GENERAL SUPPORT GREEN DOT PUBLIC SCHOOLS 1149 SOUTH HILL STREET SUITE 600 LOS ANGELES CA 90015 954679811 501(C)(3) 20000 0 GENERAL SUPPORT PRESIDENT AND FELLOWS OF HARVARD COLLEGE 1033 MASSACHUSETTS AVENUE 3RD FLOOR CAMBRIDGE MA 02138 042103580 501(C)(3) 5470 0 GENERAL SUPPORT INTERNATIONAL WOMEN'S MEDIA FOUNDATION 1625 K STREET NW SUITE 1275 WASHINGTON DC 20006 521648942 501(C)(3) 5053 0 GENERAL SUPPORT JUST FOOD OF DOUGLAS COUNTY INC 1000 EAST 11TH STREET LAWRENCE KS 66046 455069131 501(C)(3) 10000 0 GENERAL SUPPORT MAINE MEDICAL CENTER 22 BRAMHALL STREET PORTLAND ME 04102 010238552 501(C)(3) 40000 0 GENERAL SUPPORT MARLBOROUGH SCHOOL 250 SOUTH ROSSMORE AVENUE LOS ANGELES CA 90004 952816435 501(C)(3) 25000 0 GENERAL SUPPORT MASSACHUSETTS INSTITUTE OF TECHNOLOGY 77 MASSACHUSETTS AVENUE ROOM E53-470 CAMBRIDGE MA 02139 042103594 501(C)(3) 10000 0 GENERAL SUPPORT MOMMIES IN NEED 2904 FLOYD STREET DALLAS TX 75204 472248716 501(C)(3) 5500 0 GENERAL SUPPORT NLN FOUNDATION FOR NURSING EDUCATION 2600 VIRGINIA AVENUE NW 8TH FLOOR WASHINGTON DC 20037 753032867 501(C)(3) 58625 0 GENERAL SUPPORT OUTER CAPE HEALTH SERVICES PO BOX 598 HARWICH PORT MA 02646 042509828 501(C)(3) 10000 0 GENERAL SUPPORT THE REGENTS OF THE UNIVERSITY OF CALIFORNIA 1111 FRANKLIN STREET OAKLAND CA 94607 943067788 501(C)(3) 25000 0 GENERAL SUPPORT SEMPERVIRENS FUND PO BOX 5040 SAN JOSE CA 95150 942155097 501(C)(3) 5052 0 GENERAL SUPPORT SOMOS AMIGOS MEDICAL MISSIONS PO BOX 2351 SARATOGA CA 95070 770553014 501(C)(3) 15000 0 GENERAL SUPPORT ST MICHAEL SPECIAL SCHOOL 1522 CHIPPEWA STREET NEW ORLEANS LA 70130 720626395 501(C)(3) 30000 0 GENERAL SUPPORT STANFORD HOSPITAL AND CLINICS 300 PASTEUR DRIVE H3253 STANFORD CA 94305 946174066 501(C)(3) 15000 0 GENERAL SUPPORT THE ASPEN INSTITUTE INC 2300 N STREET NW SUITE 700 WASHINGTON DC 20037 840399006 501(C)(3) 10000 0 GENERAL SUPPORT UCLA FOUNDATION PO BOX 24044 LOS ANGELES CA 90024 952250801 501(C)(3) 23800 0 GENERAL SUPPORT UNITY ICE ACADEMY 7119 W SUNSET BOULEVARD 577 LOS ANGELES CA 90046 873768554 501(C)(3) 10000 0 GENERAL SUPPORT UNIVERSITY OF SOUTH ALABAMA 307 UNIVERSITY BOULEVARD WHELDON ADMIN BUILDING ROOM 130 MOBILE AL 36688 630477348 501(C)(3) 20000 0 GENERAL SUPPORT UNIVERSITY OF SOUTHERN CALIFORNIA UNIVERSITY GARDENS UGB203 LOS ANGELES CA 90089 951642394 501(C)(3) 15000 0 GENERAL SUPPORT WORLD CENTRAL KITCHEN 200 MASSACHUSETTS AVENUE NW 7TH FLOOR WASHINGTON DC 20001 273521132 501(C)(3) 9010 0 GENERAL SUPPORT 31 0 PART I, LINE 2: THE HENRY J. KAISER FAMILY FOUNDATION IS NOT A GRANT-MAKING ORGANIZATION; HOWEVER, IT MAKES DONATIONS TO CERTAIN NON-PROFIT, CERTIFIED TAX-EXEMPT ORGANIZATIONS. THE TAX-EXEMPT STATUS IS VERIFIED BY USING THE IRS'S ONLINE TAX EXEMPT ORGANIZATION SEARCH TOOL. X X 1 1 X X X X X 0 0 0 0 0 0 0 1 0 DREW ALTMAN TRUSTEE, PRESIDENT & CEO 901680 0 20000 0 36151 0 61000 0 38674 0 1057505 0 0 0 MOLLYANN BRODIE EXECUTIVE VICE PRESIDENT & COO 482850 0 12000 0 -755 0 61000 0 36249 0 591344 0 0 0 LAWRENCE LEVITT EXECUTIVE VP FOR HEALTH POLICY 482850 0 12000 0 1628 0 61000 0 22154 0 579632 0 0 0 DEAN DUCHAK CO-CHIEF INVESTMENT OFFICER 395833 0 76000 0 -1864 0 34000 0 51135 0 555104 0 0 0 ELEANOR HSU CO-CHIEF INVESTMENT OFFICER 395833 0 76000 0 -6958 0 34000 0 54516 0 553391 0 0 0 DAVID ROUSSEAU PUBLISHER KFF HEALTH NEWS 400000 0 0 0 -820 0 34000 0 49515 0 482695 0 0 0 ELISABETH ROSENTHAL EDITOR-IN-CHIEF KFF HEALTH NEWS 350000 0 2000 0 4358 0 34000 0 34964 0 425322 0 0 0 ELIZABETH CAIN CHIEF FINANCIAL OFFICER 350000 0 0 0 -841 0 34000 0 40582 0 423741 0 0 0 KRISTINA HOFF SR VP EXEC DIRECTOR OF SOCIAL IMPACT MEDIA 306000 0 0 0 -686 0 34000 0 35695 0 375009 0 0 0 PART I, LINE 1A THE PRESIDENT/CEO AND TRUSTEES MAY FLY FIRST CLASS. STAFF TRAVELING INTERNATIONALLY OVERSEAS MAY FLY FIRST CLASS IF BUSINESS CLASS IS NOT AVAILABLE. FULL-TIME EMPLOYEES MAY BE REIMBURSED UP TO $450 ANNUALLY FOR SUBSTANTIATED HEALTH CLUB FEES. CERTAIN EMPLOYEES WHO TRAVEL WITH HIGH FREQUENCY MAY BE REIMBURSED FOR AIRLINE CLUB FEES. PART I, LINE 7 EMPLOYEES RECEIVE BONUS PAYMENTS FOR THEIR EXCEPTIONAL PERFORMANCE AND SERVICES DURING THE YEAR. SEE PART II, COLUMN B(II) FOR A LIST OF INDIVIDUALS WHO RECEIVED A BONUS IN CALENDAR YEAR 2022. PART II, COLUMN B(III): NEGATIVE NUMBERS REPORTED IN COLUMN B (III) REPRESENT AMOUNTS DEDUCTED FROM GROSS COMPENSATION FOR FLEXIBLE SPENDING ALLOWANCE FOR ELIGIBLE MEDICAL, DEPENDENT CARE AND TRANSIT/PARKING EXPENSES. X 1 2236548 FAIR MARKET VALUE 0 0 1 0 PART I, COLUMN (B): NUMBER OF CONTRIBUTIONS FORM 990, PART VI, SECTION B, LINE 11B THE CFO, COO AND CEO REVIEW THE FORM 990. THE FORM 990 IS THEN REVIEWED BY THE CEO AND THE BOARD AUDIT COMMITTEE DURING A COMMITTEE MEETING. IT IS MADE AVAILABLE ELECTRONICALLY TO THE BOARD OF TRUSTEES BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C UNDER KFF'S CODE OF ETHICS, EACH TRUSTEE HAS A DUTY TO DISCLOSE TO THE BOARD THE MATERIAL FACTS OF ANY PROPOSED MATTER IN WHICH THE TRUSTEE HAS AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST PRIOR TO ITS CONSIDERATION BY THE BOARD. THE TRUSTEE HAVING THE CONFLICT IS REQUIRED TO RECUSE HIM OR HERSELF FROM CONSIDERATION OF THE MATTER AND, IF REQUESTED, MUST LEAVE THE ROOM DURING ITS CONSIDERATION. THE DISCLOSURE OF THE CONFLICT AND THE DELIBERATION OF THE TRUSTEES WITHOUT PARTICIPATION BY THE INTERESTED TRUSTEE ARE REFLECTED IN THE MINUTES. FURTHER, TO ASSURE THE EFFECTIVE IMPLEMENTATION OF THESE PROCEDURES, EACH TRUSTEE MUST INFORM THE AUDIT CHAIR AND PRESIDENT'S OFFICE AT LEAST ONCE ANNUALLY OF ALL ORGANIZATIONS WITH WHICH HE OR SHE IS ASSOCIATED AS AN OFFICER, TRUSTEE OR EMPLOYEE. IF A TRUSTEE VIOLATES OR THINKS HE OR SHE HAS VIOLATED ANY PROVISION OF THE CODE OF ETHICS, OR IF A TRUSTEE BELIEVES IT IS POSSIBLE THAT ANOTHER TRUSTEE HAS VIOLATED ANY PROVISION OF THIS CODE, THAT TRUSTEE MUST IMMEDIATELY REPORT THE ACTUAL OR SUSPECTED VIOLATION TO THE CHAIR OR TO THE BOARD AS A WHOLE. THE BOARD HAS AN OBLIGATION TO INVESTIGATE AND ADDRESS PROMPTLY ALL REPORTED VIOLATIONS OF THE CODE OF ETHICS. KFF ALSO HAS A CONFLICT OF INTEREST POLICY THAT REQUIRES EMPLOYEES WHO ARE UNSURE AS TO WHETHER A CERTAIN TRANSACTION, ACTIVITY, OR RELATIONSHIP CONSTITUTES A CONFLICT OF INTEREST TO DISCUSS IT WITH THEIR IMMEDIATE SUPERVISOR OR THE SENIOR VICE PRESIDENT OF HUMAN RESOURCES FOR CLARIFICATION. ANY EXCEPTIONS TO THIS GUIDELINE MUST BE APPROVED IN WRITING BY THE MOST SENIOR SUPERVISOR IN THE EMPLOYEE'S PROGRAM AREA OR DEPARTMENT AND BY HUMAN RESOURCES. IF AN EMPLOYEE HAS A FINANCIAL OR EMPLOYMENT RELATIONSHIP WITH A HEALTH-CARE INDUSTRY, ADVOCACY OR POLITICAL GROUP, OR ENTITY HAVING A CURRENT OR POTENTIAL BUSINESS RELATIONSHIP WITH KFF, THE EMPLOYEE MUST DISCLOSE THIS FACT IN WRITING TO HER/HIS SENIOR SUPERVISOR AND TO HUMAN RESOURCES. FORM 990, PART VI, SECTION B, LINE 15 AS A RESOURCE FOR ENTERING INTO A NEW EMPLOYMENT CONTRACT OR WHEN SIGNIFICANT COMPENSATION CHANGES ARE BEING CONSIDERED, KFF'S OUTSIDE LEGAL COUNSEL ENGAGES A THIRD PARTY CONSULTING FIRM TO PREPARE A COMPENSATION REPORT ON THE REASONABLENESS OF THE COMPENSATION OF THE PRESIDENT/CEO. THE CONSULTING FIRM REVIEWS COMPARABLE MARKET DATA AND PREPARES AN OPINION LETTER AS TO THE REASONABLENESS OF THE TOTAL REMUNERATION PACKAGE FOR THE PRESIDENT/CEO. THIS REMUNERATION IS APPROVED IN ADVANCE BY A BOARD COMMITTEE COMPOSED ENTIRELY OF INDIVIDUALS WHO HAVE NO CONFLICT OF INTEREST. THIS COMMITTEE OBTAINS AND RELIES UPON THE DATA AS TO COMPARABILITY OF COMPENSATION PROVIDED BY THE CONSULTING FIRM AND LEGAL COUNSEL AND DOCUMENTS ITS DELIBERATION AND DETERMINATION. FOR EXECUTIVE VICE PRESIDENTS, THE PRESIDENT/CEO MAKES THE COMPENSATION DETERMINATION BASED ON COMPARABILITY DATA REPORTS PROVIDED BY A THIRD PARTY CONSULTING FIRM, AS REQUESTED BY THE PRESIDENT/CEO. THESE REPORTS ARE PRESENTED TO THE BOARD OF TRUSTEES BY THE PRESIDENT/CEO. THE PRESIDENT/CEO DETERMINES THE COMPENSATION OF THE CFO ANNUALLY. BOTH THE PRESIDENT/CEO'S AND CFO'S COMPENSATION IS REVIEWED AND APPROVED IN ADVANCE BY THE BOARD OF TRUSTEES ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION C, LINE 19 KFF'S MOST RECENT AUDIT REPORT IS POSTED ON KFF'S WEBSITE AFTER IT IS ACCEPTED BY THE BOARD OF TRUSTEES. OTHER DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTING & PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 814,982. MANAGEMENT AND GENERAL EXPENSES 44,594. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 859,576. FREELANCE REPORTING & EDITORIAL SERVICES: PROGRAM SERVICE EXPENSES 1,225,878. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,225,878. GRAPHIC DESIGN: PROGRAM SERVICE EXPENSES 202,215. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 202,215. MISCELLANEOUS: PROGRAM SERVICE EXPENSES 118,543. MANAGEMENT AND GENERAL EXPENSES 109,975. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 228,518. VIDEO PRODUCTION & PHOTOGRAPHY: PROGRAM SERVICE EXPENSES 223,167. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 223,167. SURVEYS, POLLING, & OTHER RESEARCH SERVICES: PROGRAM SERVICE EXPENSES 6,398,770. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,398,770. FORM 990, PART XI, LINE 9: CHANGE IN POSTRETIREMENT LIABILITY 14,450,676. PLEDGE WRITE OFFS -190,574. 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