2024-08-13T15:28:51-05:00 2023-09-30 PwC US Tax LLP 655 NEW YORK AVE NW SUITE 1100 WASHINGTON DC 20001 990 2022-10-01 521659777 ICI EDUCATION FOUNDATION % MARK DELCOCO ICIE 2023265800 1401 H STREET NW WASHINGTON DC 20005 MARK DELCOCO TREASURER 2023265800 2024-08-08 true TRAVIS PATTON P00369623 2024141000 2024-08-12 2022 2024-08-08 14:25:15Z TRACEY WINGATE 1401 H STREET NW WASHINGTON DC 20005 282800 false X N/A X 1989 DE SEE SCHEDULE O 4 3 0 3 0 0 150000 200000 87434 0 26291 82800 0 0 263725 282800 57500 141000 0 0 0 0 0 0 0 27349 8381 84849 149381 178876 133419 1801522 1909769 0 0 1801522 1909769 ICI EDUCATION FOUNDATION (THE FOUNDATION) SPONSORS AND PROVIDES FUNDS FOR EDUCATIONAL CONFERENCES, PUBLICATIONS, AND OTHER ACTIVITIES ON ISSUES OF IMPORTANCE TO INVESTMENT COMPANIES, THEIR CURRENT AND PROSPECTIVE SHAREHOLDERS, AND THEIR ADVISERS. THE FOUNDATION MAY ALSO FUND SCHOLARSHIPS, FELLOWSHIPS, GRANTS, AND AWARDS PROGRAMS FOR THE PURPOSE OF PROMOTING INVESTMENT EDUCATION, FINANCIAL LITERACY, AND KNOWLEDGE OF THE INVESTMENT COMPANY BUSINESS. false false 141000 141000 0 EDUCATION - GRANTS WERE MADE TO BOTTOM LINE, GIRLS WHO INVEST, INC, JUNIOR ACHIEVEMENT FINANCE PARK, ROBERT A TOIGO FOUNDATION, AND SOCIETY FOR FINANCIAL EDUCATION AND PROFESSIONAL DEVELOPMENT. 141000 true true false false false false false false false false false false false false false true false true false false false false false false false false false true false true false false false false false false false false false false false false false true false false false true 1 0 0 false false false false false false false false false false false false false X 4 3 true false false false false false false true false false false true false false false false DC X MARK DELCOCO 2023265800 1401 H STREET NW WASHINGTON DC 20005 ERIC J PAN DIRECTOR 1.0 40.0 X 0 2488080 70116 TRACEY WINGATE PRESIDENT 5.0 40.0 X 0 470030 70116 MARK A DELCOCO TREASURER 1.0 40.0 X 0 376819 70116 NHAN H NGUYEN SECRETARY 1.0 40.0 X 0 337137 36709 LINDA J BRENNER VICE PRESIDENT 15.0 40.0 X 0 250653 49078 MICHAEL D MCNAMEE FORMER OFFICER 0.0 0.0 X 0 104278 0 GEORGE CW GATCH DIRECTOR 0.25 2.0 X 0 0 0 YIE-HSIN HUNG CHAIR 0.25 2.0 X 0 0 0 DAWN M VROEGOP DIRECTOR 0.25 1.0 X 0 0 0 0 4026997 296135 0 true true false 0 200000 200000 0 82800 82800 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 282800 82800 141000 141000 0 0 0 0 0 0 0 0 0 0 6711 0 6711 0 0 0 0 0 0 0 840 0 840 0 0 0 0 0 0 0 0 0 0 0 ALL OTHER EXPENSES 830 0 830 0 149381 141000 8381 0 31730 32441 0 0 0 0 25000 0 0 0 0 0 0 0 0 0 0 0 0 0 1744792 1877328 0 0 0 0 0 0 0 0 1801522 1909769 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 1801522 1909769 0 0 1801522 1909769 1801522 1909769 133419 -25172 X false true X false false X X 1 INVESTMENT COMPANY INSTITUTE 135266605 9 true 0 0 1 0 0 true false true true true false false true false false false false false false false false false true false PART IV, SECTION A, LINE 3B ON AN ANNUAL BASIS THE FOUNDATION REVIEWS THE TAX STATUS OF THE SUPPORTED ORGANIZATION (ICI) TO ENSURE THE 509(A)(2) TEST IS MET. THIS TEST REQUIRES THAT THE ORGANIZATION RECEIVE MORE THAN ONE-THIRD OF ITS SUPPORT FROM CONTRIBUTION FROM THE GENERAL PUBLIC AND CAN RECEIVE NO MORE THAN ONE-THIRD OF ITS SUPPORT FROM GROSS INVESTMENT INCOME AND UNRELATED BUSINESS TAXABLE INCOME. BOTH OF THESE TEST ARE FULLY MET. PART IV, SECTION A, LINE 3C THE FOUNDATION DOES NOT PROVIDE ICI, A SECTION 501(C)(6) ENTITY, WITH MONETARY SUPPORT. SCHEDULE A, PART IV, SECTION A, LINE 6 THE FOUNDATION SPONSORS AND PROVIDES FUNDS FOR EDUCATIONAL CONFERENCES, PUBLICATIONS, AND OTHER ACTIVITIES ON ISSUES OF IMPORTANCE TO INVESTMENT COMPANIES, THEIR CURRENT AND PROSPECTIVE SHAREHOLDERS, AND THEIR ADVISERS. THE FOUNDATION WORKS CLOSELY WITH ICI TO IDENTIFY THE PROGRAMS AND STRATEGIC AREAS TO BE SUPPORTED AND WHICH ORGANIZATIONS ARE TO RECEIVE GRANTS. THE FOUNDATION ENSURES THAT IT MAKES ALL ITS GRANTS TO PROMOTE INVESTMENT EDUCATION, FINANCIAL LITERACY AND KNOWLEDGE. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 X 257629 -25171 -25171 282800 282800 149381 149381 149381 FIN 48 FOOTNOTE TO FINANCIAL STATEMENTS: THE COMPANY REVIEWS ALL UNCERTAIN TAX POSITIONS TO DETERMINE WHETHER A TAX POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION, INCLUDING RESOLUTION OF ANY RELATED APPEALS OR LITIGATION PROCESSES, BASED ON THE TECHNICAL MERITS OF THE POSITION. FOR TAX POSITIONS MEETING THE MORE LIKELY THAN NOT THRESHOLD, THE TAX AMOUNT RECOGNIZED IN THE FINANCIAL STATEMENTS IS REDUCED BY THE LARGEST BENEFIT THAT HAS A GREATER THAN FIFTY PERCENT LIKELIHOOD OR BEING REALIZED UPON ULTIMATE SETTLEMENT WITH THE RELEVANT TAXING AUTHORITY. THE COMPANY HAS EVALUATED ITS TAX POSITIONS AND DETERMINED THAT NO LIABILITY EXISTS AS OF SEPTEMBER 30, 2023. true ROBERT A TOIGO FOUNDATION 555 12th Street OAKLAND CA 94607 OAKLAND CA 94607 133565420 501(C)(3) 30000 NONE NONE EDUCATION GRANT GIRLS WHO INVEST INC 28 Liberty Street New YORK NY 100 NEWYORK NY 10005 473894644 501(C)(3) 30000 NONE NONE EDUCATION GRANT THE BOTTOM LINE INC 500 AMORY STREET JAMAICA PLAIN MA MA MA 02130 043351427 501(C)(3) 30000 NONE NONE EDUCATION GRANT JUNIOR ACHIEVEMENT FINANCE PARK 919 18TH STREET WASHINGTON DC 2000 04-3351427 DC WA 20006 540788947 501(C)(3) 25000 NONE NONE EDUCATION GRANT SOCIETY FOR FINANCIAL EDUCATION AND PROFESSIONAL D 1800 Diagonal Road ALEXANDRIA VA ALEXANDRIA VA 22314 522116419 501(C)(3) 25000 NONE NONE EDUCATION GRANT 5 0 PART I, LINE 2: AT THE CONCLUSION OF EACH PROJECT, GRANTEES ARE REQUIRED TO SUBMIT (1) AN ACCOUNTING OF HOW THE FUNDS WERE USED AND (2) A COMPLETED GRANT EVALUATION FORM PROVIDED BY THE FOUNDATION. THE GRANT EVALUATION FORM INCLUDES DETAILS ON WHAT ACTIVITIES WERE CARRIED OUT AND HOW EFFECTIVELY THE PROJECT MET ITS GOALS AND OBJECTIVES. DEPENDING ON THE DURATION OF THE PROJECT, A SCHEDULE FOR PERIODIC PROGRESS REPORTS MAY ALSO BE ESTABLISHED. IN SUCH CASES, PERIODIC CONTACT IS MADE WITH THE GRANTEE AND PERIODIC PROGRAM AUDITS MAY BE PERFORMED. true false false false false false false false false ERIC J PAN DIRECTOR 0 1414699 0 1050000 0 23381 0 36600 0 33516 0 2558196 0 0 MARK A DELCOCO TREASURER 0 307368 0 60500 0 8951 0 36600 0 33516 0 446935 0 0 TRACEY WINGATE PRESIDENT 0 359609 0 100000 0 10421 0 36600 0 33516 0 540146 0 0 NHAN H NGUYEN SECRETARY 0 314099 0 20000 0 3038 0 36600 0 109 0 373846 0 0 LINDA J BRENNER VICE PRESIDENT 0 244704 0 0 0 5949 0 29604 0 19474 0 299731 0 0 MICHAEL D MCNAMEE FORMER OFFICER 0 16088 0 0 0 88190 0 0 0 0 0 104278 0 0 SCHEDULE J, PART I, LINE 4A: MICHAEL D. MCNAMEE, FORMER PRESIDENT OF THE ICI EDUCATION FOUNDATION, RECEIVED RETIREMENT PAYMENTS IN 2022 IN THE AMOUNT OF $79,962. PART VI, LINE 2: THE FOLLOWING DIRECTORS HAVE A BUSINESS RELATIONSHIP BY SERVING TOGETHER ON THE ICI MUTUAL BOARD OF DIRECTORS: YIE-HSIN HUNG AND ERIC J. PAN. PART VI, LINE 11B: THE MANAGEMENT OF INVESTMENT COMPANY INSTITUTE, A RELATED ORGANIZATION OF THE FOUNDATION, AND AN EXTERNAL TAX ADVISER, PRICEWATERHOUSECOOPERS, REVIEW THE FOUNDATION'S FORM 990 BEFORE IT IS FILED. THE AUDIT COMMITTEE OF THE INVESTMENT COMPANY INSTITUTE ALSO REVIEWS THE FOUNDATION'S FORM 990 BEFORE IT IS FILED. A COPY OF THE FORM 990 IS PROVIDED TO THE FOUNDATION'S BOARD OF DIRECTORS VIA A PASSWORD-PROTECTED WEB SITE BEFORE IT IS FILED. PART VI, LINE 12A, 13, & 14: THE FOUNDATION IS GOVERNED BY THE POLICIES OF ITS PARENT, THE INVESTMENT COMPANY INSTITUTE. THESE POLICIES INCLUDE A WRITTEN CONFLICT OF INTEREST POLICY, A WRITTEN WHISTLEBLOWER POLICY, AND A WRITTEN DOCUMENT RETENTION AND DESTRUCTION POLICY. PART VI, LINE 15: THE FOUNDATION HAS NO EMPLOYEES. THE OFFICERS AND DIRECTORS OF THE FOUNDATION ARE SUBJECT TO THE POLICIES OF THE FOUNDATION'S PARENT, THE INVESTMENT COMPANY INSTITUTE (ICI). COMPENSATION FOR THESE INDIVIDUALS IS REVIEWED AND APPROVED ANNUALLY BY ICI'S COMPENSATION COMMITTEE ELECTED BY ICI'S BOARD OF GOVERNORS. RECOMMENDATIONS ARE ALSO PRESENTED TO, AND APPROVED BY, THE EXECUTIVE COMMITTEE OF THE ICI'S BOARD OF GOVERNORS. ICI MAY ALSO PERIODICALLY RETAIN THE SERVICES OF AN INDEPENDENT COMPENSATION CONSULTANT TO ADDRESS EXECUTIVE COMPENSATION. PART VI, LINE 19: THE FOUNDATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. PART XII, LINE 2C: THE FOUNDATION'S FINANCIAL STATEMENTS ARE REVIEWED BY THE AUDIT COMMITTEE OF THE INVESTMENT COMPANY INSTITUTE'S BOARD OF GOVERNORS. INVESTMENT COMPANY INSTITUTE 1401 H STREET NW WASHINGTON DC 20005 135266605 TRADE ASSOCTN DE 501(c)(6) N/A ICI false false false true false false false false false false false false false false true true true true false false INVESTMENT COMPANY INSTITUTE C 200000 CASH