2024-08-19T12:57:07-05:00 2023-12-31 872525370 CITRIN COOPERMAN ADVISORS LLC 180 PARK AVENUE SUITE 200 FLORHAM PARK NJ 07932 990 2023-01-01 133525440 INTERNATIONAL COUNCIL OF SHOPPING CENTERS FOUNDATION INC INTE 6467283607 1251 AVENUE OF THE AMERICAS 45TH FL NEW YORK NY 10020 SEAN KRON CFO 6467283607 2024-08-13 1 1 PAULA VUKSIC P00360739 9732180500 2023 2024-08-08 14:25:15Z SEAN KRON 1251 AVENUE OF THE AMERICAS 45TH FL NEW YORK NY 10020 2989781 0 X WWW.ICSC.ORG/FOUNDATION X 1989 NY DEDICATED TO DEVELOPING THE REAL ESTATE INDUSTRY'S NEXT GENERATION OF TALENT. 23 22 0 436 0 0 1622234 1624516 0 0 233858 399886 0 0 1856092 2024402 433259 620456 0 0 0 0 0 0 43125 428843 589772 862102 1210228 993990 814174 14797028 16432443 135414 6423 14661614 16426020 THE ICSC FOUNDATION IS THE PHILANTHROPIC ARM OF ICSC DEDICATED TO CREATING A VIBRANT RETAIL REAL ESTATE INDUSTRY RESPONSIVE TO THE NEEDS OF ITS MEMBERS AND COMMUNITIES. ITS FOCUS IS BUILDING A PIPELINE OF OUTSTANDING AND DIVERSE TALENT THAT CAN EXCEL IN THE INDUSTRY. 0 0 632710 536756 UNDERGRADUATE AND GRADUATE SCHOLARSHIP AWARDS:THE FOUNDATION PROVIDES UNDERGRADUATE AND GRADUATE SCHOLARSHIPS TO STUDENTS INTERESTED IN RETAIL REAL ESTATE. THESE SCHOLARSHIPS ARE OFFERED DIRECTLY BY THE FOUNDATION OR FUNDED THROUGH PARTNER UNIVERSITIES. GENERALLY, SCHOLARSHIPS COVER TUITION AND RELATED EXPENSES WITH SOME ADDITIONAL FUNDING TO COVER ATTENDANCE AT INDUSTRY EVENTS. 436181 83700 TALENT ENGAGEMENT INITIATIVES:THE ICSC FOUNDATION OFFERS STUDENT SUPPORT OUTSIDE OF ACADEMIC AND PROFESSIONAL EDUCATION SCHOLARSHIPS THROUGH ITS MENTORSHIP, INTERNSHIP AND UNIVERSITY PARTNERS PROGRAMS AS WELL AS EDUCATION AND NETWORKING EVENTS AT ICSC CONFERENCES. 1068891 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 36 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 23 22 1 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 0 0 0 AL AR CA FL GA HI IL KS KY MD MA MI MN MS ND NH NJ NY NM NC OR PA RI SC TN UT VA WI WV X SEAN D KRON 6467283607 1251 AVENUE OF THE AMERICAS 45TH FL NEW YORK NY 10020 LAURIE MAHOWALD CHAIR 1.00 1.00 X X 0 0 0 BRIAN FINNEGAN VICE CHAIR 1.00 0.00 X X 0 0 0 KAREN B CASE DIRECTOR 1.00 0.00 X 0 0 0 ANDY DRASITES DIRECTOR 1.00 0.00 X 0 0 0 JEFF EDISON DIRECTOR 1.00 0.00 X 0 0 0 IVY GREANER DIRECTOR 1.00 1.00 X 0 0 0 AMY HALL DIRECTOR 1.00 0.00 X 0 0 0 BRYAN LEY DIRECTOR 1.00 0.00 X 0 0 0 MELVIN MANCE DIRECTOR 1.00 0.00 X 0 0 0 JAMES MAURIN DIRECTOR 1.00 0.00 X 0 0 0 THOMAS MCGEE DIRECTOR 1.00 35.00 X 0 2752979 852460 ANGELE ROBINSON-GAYLORD DIRECTOR 1.00 1.00 X 0 0 0 JOSEPH TICHAR DIRECTOR 1.00 0.00 X 0 0 0 STEVEN VITTORIO DIRECTOR 1.00 0.00 X 0 0 0 ROBERT WHELAN DIRECTOR 1.00 0.00 X 0 0 0 ROBIN ZEIGLER DIRECTOR 1.00 1.00 X 0 0 0 LESLEY GIBSON DIRECTOR 1.00 0.00 X 0 0 0 CHRIS HOFFMAN DIRECTOR 1.00 0.00 X 0 0 0 REGGIE LIVINGSTON DIRECTOR 1.00 0.00 X 0 0 0 WHITNEY LIVINGSTON DIRECTOR 1.00 0.00 X 0 0 0 SCOTT MCPHERSON DIRECTOR 1.00 0.00 X 0 0 0 RACHEL ELIAS WEIN DIRECTOR 1.00 0.00 X 0 0 0 BEVERLY RICKS DIRECTOR 1.00 0.00 X 0 0 0 LAURI NOVICK PRESIDENT 35.00 1.00 X 0 380362 63426 SEAN KRON TREASURER 1.00 35.00 X 0 459685 56935 LESLEY CAMPBELL SECRETARY 1.00 35.00 X 0 401364 50440 0 3994390 1023261 4 0 1 0 PROJECT DESTINED 1623 SOUTH ST NW WASHINGTON DC 20009 ONLINE TRAINING PLATFORM FOR STUDENTS 150000 1 1624516 1624516 482070 482070 883195 965379 -82184 -82184 -82184 2024402 0 0 399886 X 554474 554474 65982 65982 17078 17078 44024 44024 227977 227977 6160 6160 14194 7098 7096 77400 77400 68786 63161 5594 31 181 181 VENUE EXPENSE 106580 44825 21943 39812 AUDIO, VISUAL & SIGNAGE 25625 19866 2477 3282 DUES AND SUBSCRIPTIONS 1767 1767 1210228 1068891 98212 43125 1827874 1445149 1141622 1766926 13612 59638 11813920 13124768 0 35962 14797028 16432443 29994 6423 105420 0 135414 6423 X 10254443 11300036 4407171 5125984 14661614 16426020 14797028 16432443 814174 950232 0 X 0 1 X 1 0 X X 1 INTERNATIONAL COUNCIL OF SHOPPING CENTERS INC 131854667 10 1 0 0 1 0 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 SCHEDULE A, PART I, LINE 12G, COLUMN (III): THE SUPPORTED ORGANIZATION, INTERNATIONAL COUNCIL OF SHOPPING CENTERS INC.("ICSC") IS A 501(C)(6) ORGANIZATION. SCHEDULE A, PART IV, LINE 3B: ICSC FOUNDATION OBTAINED A COPY OF ICSC'S IRS DETERMINATION LETTER AND COMPLETES ANNUALLY A PRO FORMA SCHEDULE A, PART III, TO ENSURE ICSC MEETS THE 509(A)(2) PUBLIC SUPPORT TEST FOR ITS MOST RECENT TAX YEAR. ICSC FOUNDATION KEEPS THE LETTER AND SUPPORT CALCULATION IN FILES. SCHEDULE A, PART IV, LINE 3C: ICSC FOUNDATION DOES NOT PROVIDE MONETARY SUPPORT TO ICSC, BUT ICSC PROVIDES IN-KIND SUPPORT TO ICSC FOUNDATION. ICSC FOUNDATION IS THE PHILANTHROPIC ARM OF ICSC DEDICATED TO CREATING A VIBRANT RETAIL REAL ESTATE INDUSTRY. THREE OF THE OFFICER POSITIONS OF THE ICSC FOUNDATION BOARD ARE RESERVED FOR ICSC EMPLOYEES. AS SUCH IF ICSC FOUNDATION PROVIDES MONETARY SUPPORT TO ICSC, THE OVERLAPPING BOARD AND MANAGEMENT WILL CLOSELY MONITOR THE USE OF FUNDS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 615241 40000 51072 11202 695111 543460 150000 -54005 24214 615241 531253 32768 20561 543460 540320 10933 20000 531253 500000 41567 1247 540320 0.99265 0.00735 0 0 0 X 4705621 950232 1775011 2725243 1980378 44024 44024 2024402 2941215 1775011 1775011 1166204 44024 44024 1210228 PART V, LINE 4: ICSC FOUNDATION'S ENDOWMENT FUNDS ARE FUNDS THAT ARE EARMARKED FOR SCHOLARSHIPS OR GRANTS TO A STUDENT OR A UNIVERSITY. PART X, LINE 2: UNDER ACCOUNTING STANDARDS CODIFICATION (ASC) 740, INCOME TAXES, AN ORGANIZATION MUST RECOGNIZE THE TAX BENEFIT ASSOCIATED WITH TAX POSITIONS TAKEN FOR TAX RETURN PURPOSES WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION BY A TAXING AUTHORITY. THE IMPLEMENTATION OF ASC 740 HAD NO IMPACT ON THE FOUNDATION'S FINANCIAL STATEMENTS. THE FOUNDATION DOES NOT BELIEVE IT HAS TAKEN ANY MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, IT HAS NOT RECORDED ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. THE FOUNDATION HAS FILED FOR AND RECEIVED INCOME TAX EXEMPTIONS IN THE JURISDICTIONS WHERE IT IS REQUIRED TO DO SO. ADDITIONALLY, THE FOUNDATION HAS FILED INTERNAL REVENUE SERVICE FORM 990 INFORMATION RETURNS, AS REQUIRED, AND ALL OTHER APPLICABLE RETURNS IN JURISDICTIONS WHERE SO REQUIRED. FOR THE YEAR ENDED DECEMBER 31, 2023, THERE WERE NO INTEREST OR PENALTIES RECORDED OR INCLUDED IN THE STATEMENTS OF ACTIVITIES. THE FOUNDATION IS SUBJECT TO ROUTINE AUDITS BY A TAXING AUTHORITY. AS OF DECEMBER 31, 2023, THERE WERE NO EXAMINATIONS BEING PERFORMED. 1 RUTGERS UNIVERSITY FOUNDATION 335 GEORGE ST SUITE 4000 NEW BRUYNSWICK NJ 08901 237318742 501 (C) (3) 100000 0 SCHOLARSHIP FLORIDA INTERNATIONAL UNIVERSITY FOUNDATION 11200 SW 8TH ST MIAMI FL 33199 237047106 501 (C) (3) 65000 0 SCHOLARSHIP THE KENAN-FLAGLER BUSINESS SCHOOL FOUNDATION CAMPUS BOX 3490 CHAPEL HILL NC 27599 560771850 501 (C) (3) 35000 0 SCHOLARSHIP NORTH CAROLINA CENTRAL UNIVERSITY FOUNDATION INC 1801 FAYETTEVILLE ST DURHAM NC 27707 237410301 501 (C) (3) 25000 0 SCHOLARSHIP THE BOARD OF TRUSTEES OF THE UNIVERSITY OF ALABAMA PO BOX 870136 TUSCALOOSA AL 35487 636001138 501 (C) (3) 25000 0 SCHOLARSHIP SOUTHERN METHODIST UNIVERSITY PO BOX 750333 COX SCHOOL OF BUSINESS DALLAS TX 75011 750800689 501 (C) (3) 22000 0 SCHOLARSHIP UNIVERSITY OF WISCONSIN SYSTEM 333 EAST CAMPUS MALL 10501 MADISON WI 53715 391805963 501 (C) (3) 20000 0 SCHOLARSHIP INDIANA UNIVERSITY 1024 E 3RD ST ROOM 132 BLOOMINGTON IN 47405 356001673 501 (C) (3) 20000 0 SCHOLARSHIP THE OHIO STATE UNIVERSITY 901 WOODY HAYES DR 2020 BLANKENSHIP HALL COLUMBUS OH 43210 316025986 501 (C) (3) 15000 0 SCHOLARSHIP THE UNIVERSITY OF TEXAS AT AUSTIN 110 INNER CAMPUS DR STOP K5300 AUSTIN TX 78712 746000203 501 (C) (3) 15000 0 SCHOLARSHIP FLORIDA STATE UNIVERSITY 325 W COLLEGE AVE TALLAHASSEE FL 32301 591961248 501 (C) (3) 12500 0 SCHOLARSHIP BARUCH COLLEGE 1 BERNARD BARUCH WAY BOX A-1603 NEW YORK NY 10010 237039817 501 (C) (3) 11333 0 SCHOLARSHIP THE UCLA FOUNDATION 10889 WILSHIRE BLVD SUITE 1100 LOS ANGELES CA 90024 952250801 501 (C) (3) 10000 0 SCHOLARSHIP UNIVERSITY OF SOUTHERN CALIFORNIA 700 CHILDS WAY MC 0914 LOS ANGELES CA 90089 951642394 501 (C) (3) 10000 0 SCHOLARSHIP UNIVERSITY OF FLORIDA PO BOX 113201 SUITE 1250 E CAMPUS OFFICE BLDG GAINESVILLE FL 32611 596002052 501 (C) (3) 10000 0 SCHOLARSHIP THE UNIVERSITY OF TEXAS SAN ANTONIO ONE UTSA CIRCLE SAN ANTONIO TX 78249 741717115 501 (C) (3) 10000 0 SCHOLARSHIP THE UNIVERSITY OF TENNESSEE 211 STUDENT SERVICES BLDG KNOXVILLE TN 37920 626001636 501 (C) (3) 10000 0 SCHOLARSHIP THE ADMINISTRATORS OF THE TULANE EDUCATIONAL FUND 6823 ST CHARLES AVENUE NEW ORLEANS LA 70118 720423889 501 (C) (3) 10000 0 SCHOLARSHIP TEMPLE UNIVERSITY 115 CARNELL HALL 1803 N BROAD ST PHILADELPHIA PA 19122 231365971 501 (C) (3) 10000 0 SCHOLARSHIP PRESIDENT AND FELLOWS OF HARVARD COLLEGE DBA HARVARD UNIVERSITY 1033 MASSACHUSETTS AVE 3RD FL CAMBRIDGE MA 02138 042103580 501 (C) (3) 10000 0 SCHOLARSHIP GEORGIA STATE UNIVERSITY 75 PIEDMONT AVE SUITE 1200 ATLANTA GA 30303 586002050 501 (C) (3) 10000 0 SCHOLARSHIP CAL STATE FULLERTON PHILANTHROPIC FOUNDATION 2600 NUTWOOD AVE SUITE 850 FULLERTON CA 92831 330567945 501 (C) (3) 10000 0 SCHOLARSHIP CALIFORNIA STATE UNIVERSITY- NORTHRIDGE 18111 NORDHOFF ST NORTHRIDGE CA 91330 954358677 501 (C) (3) 8000 0 SCHOLARSHIP UNIVERSITY OF WISCONSIN FOUNDATION 1848 UNIVERSITY AVE MADISON WI 53726 390743975 501 (C) (3) 7325 0 SCHOLARSHIP LSU FOUNDATION 3796 NICHOLSON DRIVE BATON ROUGE LA 70802 726020969 501 (C) (3) 7000 0 SCHOLARSHIP YALE UNIVERSITY PO BOX 208200 NEW HAVEN CT 06520 060646973 501 (C) (3) 6290 0 SCHOLARSHIP UNIVERSITY OF CONNECTICUT 70 BATTERSON PARK ROAD FARMINGTON CT 06032 060772160 501 (C) (3) 6000 0 SCHOLARSHIP THE UNIVERSITY OF SOUTH FLORIDA BOARD OF TRUSTEES 4202 E FOWLER AVE TAMPA FL 33620 593102112 501 (C) (3) 5000 0 SCHOLARSHIP NEW YORK UNIVERSITY 105 EAST 17TH ST 2ND FL NEW YORK NY 10003 135562308 501 (C) (3) 5000 0 SCHOLARSHIP UNIVERSITY OF SAN DIEGO 5998 ALCALA PARK SAN DIEGO CA 92110 952544535 501 (C) (3) 5000 0 SCHOLARSHIP GEORGETOWN UNIVERSITY 37TH AND O ST NW G-19 HEALY HALL BOX 571252 WASHINGTON DC 20057 530196603 501 (C) (3) 5000 0 SCHOLARSHIP UNIVERSITY OF TENNESSEE FOUNDATION INC 1525 UNIVERSTIY AVE KNOXVILLE TN 37921 621844686 501 (C) (3) 5000 0 SCHOLARSHIP 32 0 AWARD GRANT 60 50321 PART I, LINE 2: MOST GRANTS ARE MADE TO NON-PROFIT ORGANIZATIONS IN GOOD STANDING. IN CERTAIN CASES, STUDENTS MAY RECEIVE REIMBURSEMENT DIRECTLY FOR TRAVEL AND MEAL EXPENSES INCURRED IN CONNECTION WITH ATTENDANCE AT A CONFERENCE OR EVENT. THE FOUNDATION CONDUCTS PERIODIC REVIEWS OF GRANTEES TO ASSESS COMPLIANCE WITH GRANT AWARDS AND TO TRACK USE OF GRANT FUNDS. 0 0 0 0 0 0 0 0 0 THOMAS MCGEE DIRECTOR 0 1098077 0 1650000 0 4902 0 811431 0 41029 0 3605439 0 0 SEAN KRON TREASURER 0 372063 0 85000 0 2622 0 23100 0 33835 0 516620 0 0 LESLEY CAMPBELL SECRETARY 0 330224 0 70000 0 1140 0 17946 0 32494 0 451804 0 0 LAURI NOVICK PRESIDENT 0 297838 0 75000 0 7524 0 39233 0 24193 0 443788 0 0 FORM 990, PART VI, SECTION A, LINE 2 TWO OR MORE PERSONS LISTED IN THIS FORM 990 PART VII HAVE A BUSINESS RELATIONSHIP WITH EACH OTHER BY VIRTUE OF CONCURRENTLY SERVING ON ONE OR MORE BOARDS OF DIRECTORS/TRUSTEES OR BY SERVING IN AN EMPLOYMENT RELATIONSHIP ON ONE OR MORE ENTITIES WITHIN THE ICSC AFFILIATES FORM 990, PART VI, SECTION A, LINE 6 THE FOUNDATION'S MEMBERS ARE COMPRISED OF ALL CURRENT VOTING MEMBERS OF THE INTERNATIONAL COUNCIL OF SHOPPING CENTER, INC. ("ICSC") BOARD OF TRUSTEES. IF A MEMBER OF THE FOUNDATION CEASES TO BE A VOTING MEMBER OF THE ICSC BOARD OF TRUSTEES SUCH MEMBER SHALL IMMEDIATELY CEASE TO BE A MEMBER OF THE FOUNDATION. MEMBERS MAY BE REMOVED FOR CAUSE BY A MAJORITY VOTE OF THE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE FOUNDATION'S MEMBERS ELECT THE DIRECTORS OF THE FOUNDATION AND HAVE THE POWER TO REMOVE DIRECTORS. A DIRECTOR MAY BE REMOVED FROM OFFICE AT ANY TIME, WITH OR WITHOUT CAUSE, UPON THE AFFIRMATIVE VOTE OF TWO-THIRDS (2/3) OR MORE OF THE MEMBERS PRESENT AT A DULY CALLED MEETING OF THE MEMBERS WHERE A QUARUM IS PRESENT. FORM 990, PART VI, SECTION A, LINE 7B GOVERNANCE AND OVERSIGHT IS VESTED IN THE FOUNDATION'S BOARD OF DIRECTORS WHO ARE ELECTED BY ALL VOTING MEMBERS OF ICSC'S BOARD OF TRUSTEES. ALL OF THE VOTING MEMBERS OF ICSC' BOARD OF TRUSTEES HOLD CONCURRENT CAPACITIES AS MEMBERS OF THE FOUNDATION WHO ALSO HAVE THE POWER TO APPROVE ANY OF THE FOUNDATION'S BYLAW AMENDMENTS FORM 990, PART VI, SECTION B, LINE 11B THE FOUNDATION'S 990 IS REVIEWED BY THE PRESIDENT AND TREASURER OF THE FOUNDATION, AS WELL AS EXECUTIVE PERSONNEL OF ITS PARENT, INTERNATIONAL COUNCIL OF SHOPPING CENTERS. THE FORM 990 IS AVAILABLE UPON REQUEST TO THE FULL BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C EACH OFFICER, DIRECTOR AND KEY EMPLOYEE OF THE FOUNDATION IS REQUIRED TO ANNUALLY DISCLOSE ANY CONFLICT OF INTEREST THAT ARISE BY VIRTUE OF THEIR EMPLOYMENT AND POSITION WITH THE INTERNATIONAL COUNCIL OF SHOPPING CENTERS ("ICSC"), OR THE INTERNATIONAL COUNCIL OF SHOPPING CENTERS FOUNDATION, INC. ICSC MONITORS COMPLIANCE WITH ITS CONFLICT-OF-INTEREST POLICY THROUGH AN ANNUAL QUESTIONNAIRE SUBMITTED TO THESE INDIVIDUALS. POTENTIAL CONFLICTS ARE INVESTIGATED IMMEDIATELY. FORM 990, PART VI, SECTION B, LINE 15 ALL EMPLOYEES OF THE REPORTING ORGANIZATION ARE COMPENSATED BY INTERNATIONAL COUNCIL OF SHOPPING CENTERS, INC., AN AFFILIATED 501(C)(6) ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST, THE ORGANIZATION WILL MAKE AVAILABLE ONLY THOSE DOCUMENTS REQUIRED TO BE DISCLOSED UNDER THE PUBLIC INSPECTION LAWS. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 227,977. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 227,977. INTERNATIONAL COUNCIL OF SHOPPING CENTER 1251 AVENUE OF THE AMERICAS 45TH FL NEW YORK NY 10020 131854667 RETAIL IND NY 501(C)(6) N/A 0 ICSC FOUNDATION CANADA 1251 AVENUE OF THE AMERICAS 45TH FL NEW YORK NY 10020 EDUCATION CA ICSC 0 ICSC POLITICAL ACTION COMMITTEE 1251 AVENUE OF THE AMERICAS 45TH FL NEW YORK NY 10020 133588529 PAC NY 527 N/A 0 ICSC NON FEDERAL PAC 1251 AVENUE OF THE AMERICAS 45TH FL NEW YORK NY 10020 263851886 PAC NY 527 N/A 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 INTERNATIONAL COUNCIL OF SHOPPING CENTERS D 35962 BOOK INTERNATIONAL COUNCIL OF SHOPPING CENTERS N 776331 BOOK INTERNATIONAL COUNCIL OF SHOPPING CENTERS O 998680 BOOK