2024-02-27T13:48:16-05:00 2023-06-30 KUNDINGER CORDER & MONTOYA PC 475 LINCOLN STREET SUITE 200 DENVER CO 80203 990 2022-07-01 846032307 MORRIS ANIMAL FOUNDATION MORR 3037902345 720 S COLORADO BLVD STE 174-A DENVER CO 80246 RYAN WELCH INTERIM CEO 3037902345 2024-02-27 true RYAN WELCH 999009999 true MARIA MONTOYA P01363907 3035345953 2024-02-27 2022 2023-04-26 12:10:37Z RYAN WELCH 720 S COLORADO BLVD STE 174-A DENVER CO 80246 11663119 false X WWW.MORRISANIMALFOUNDATION.ORG X 1948 CO TO BRIDGE SCIENCE AND RESOURCES TO ADVANCE THE HEALTH OF ANIMALS. 20 20 65 95 229456 48798 15090948 11345193 0 1986400 125536 990583 86967 18067931 11557696 3770956 4588848 0 6785393 7335556 465074 579330 2897208 4087958 4599259 15109381 17102993 2958550 -5545297 106653429 109695507 5906349 7821880 100747080 101873627 X MORRIS ANIMAL FOUNDATION'S (THE FOUNDATION'S) MISSION IS TO BRIDGE SCIENCE AND RESOURCES TO ADVANCE THE HEALTH OF ANIMALS. SINCE THE FOUNDATION'S FOUNDING IN 1948, MORE THAN 20,000 SPECIES HAVE BEEN HELPED THROUGH SCIENTIFIC STUDIES AND THE DEVELOPMENT OF NEW TREATMENTS, DIAGNOSTIC TOOLS AND VACCINES. false false 8974352 4588848 ANIMAL HEALTH STUDIES: THE FOUNDATION FUNDS RESEARCHERS AROUND THE WORLD WHO ARE SOLVING CRITICAL HEALTH PROBLEMS IN ANIMALS, INCLUDING DOGS, CATS, HORSES, LLAMAS, ALPACAS, AND WILDLIFE. THE FOUNDATION'S WORK IS HELPING RESEARCHERS IN THE FIELD FIND NEW DIAGNOSTICS, TREATMENTS, AND CURES FOR DISEASES AND OTHER HEALTH CONCERNS FOR ANIMALS AROUND THE WORLD, INCLUDING MANY ENDANGERED SPECIES. 2400523 PROGRAM AWARENESS: THE FOUNDATIONS MISSION IS TO BRIDGE SCIENCE AND RESOURCES TO ADVANCE THE HEALTH OF ANIMALS. RAISING AWARENESS ABOUT THE FOUNDATIONS PROGRAMS AND IMPACT IS A CRITICAL COMPONENT TO FULFILLING THE FOUNDATION'S MISSION. THE FOUNDATIONS AWARENESS PROGRAM PROVIDES A RANGE OF EDUCATIONAL INFORMATION ACROSS FORMATS/CHANNELS TO ENSURE VISIBILITY, ACCESSIBILITY AND IMPACT, SUCH AS: INFORMATION FOR RESEARCHERS AND SCIENTISTS SEEKING FUNDING, DATA OR SAMPLES TO SUPPORT ANIMAL HEALTH STUDIES, RESOURCES FOR VETERINARIANS TO ADVANCE EXPERTISE AND CLINICAL CARE, AND RESOURCES FOR SUPPORTERS AND PET OWNERS RELATED TO PET CARE, HEALTH CONDITIONS, AND ANIMAL HEALTH ISSUES AT LARGE. PROGRAM AWARENESS EFFORTS ALSO SUPPORT THE FOUNDATIONS GOLDEN RETRIEVER LIFETIME STUDY, THE LARGEST AND LONGEST STUDY EVER UNDERTAKEN IN THE UNITED STATES TO UNDERSTAND CANCER IN DOGS. ANNUAL CAMPAIGNS AIM TO GENERATE AWARENESS AND SUPPORT FOR CRITICAL ANIMAL HEALTH ISSUES SUCH AS THE STOP CANCER FUREVER CAMPAIGN PROMOTING EDUCATIONAL CONTENT RELATED TO THE PREVALANCE OF PET CANCER, AND INSPIRING DONATIONS TO FUND PREVENTION AND TREATMENT. THE FOUNDATION ALSO DISTRIBUTES ONGOING ANIMAL HEALTH INFORMATION TO SUPPORTERS AND THE GENERAL PUBLIC THROUGH DIRECT MAIL, QUARTERLY NEWSLETTERS, SOCIAL MEDIA, PUBLIC RELATIONS, AND A RANGE OF DIGITAL CONTENT INCLUDING A WEBSITE THAT HOUSES RESOURCES FOR ALL AFOREMENTIONED EFFORTS. 11374875 true true false false false false false false false true true true false false true false true false false false true true false true false false false true true true false false false false false false false false true false false false false false false false false true 17 0 true 65 true true true false false false false false false false false false false false X 20 20 true false false false false false false true true false false true true true true true true true true false AK AL AR CA CO CT DC FL GA HI IL KS KY MA MD ME MI MN MS NC ND NH NJ NV NY OH OK OR PA RI SC TN UT VA WA WI WV X X STACEY ROIGER 3037083401 720 S COLORADO BLVD STE 174-A DENVER CO 80246 TIFFANY GRUNERT PRESIDENT/CE 40.00 X 321475 0 33805 JANET PATTERSON-KANE CHIEF SCIENT 40.00 X 290119 0 24587 RYAN WELCH CHIEF DEVEL. 40.00 X 229503 0 25619 CAROL BORCHERT CHIEF MARKET 40.00 X 197765 0 23387 SARAH SVITAK CHIEF OPERAT 40.00 X 192519 0 23227 STACY VAN BUREN VP OF FINANC 40.00 X 191552 0 18497 GREGORY KNADDISON CHIEF TECHNO 40.00 X 169773 0 28284 KATHLEEN TIETJE CHIEF PROGRA 40.00 X 152517 0 27937 RYAN MCVEIGH SR DATABASE 40.00 X 146456 0 27408 JOE MALUSO DIRECTOR OF 40.00 X 138947 0 30341 DAN STENCEL VP OF DEVELO 40.00 X 140807 0 19233 LEO KACENJAR SR DATABASE 40.00 X 138720 0 19113 STACEY ROIGER DIR. OF FIN 40.00 X 109506 0 18409 ROBERT C GAIN JR CHAIR OF THE 3.00 X X 0 0 0 VERN NORVIEL VICE CHAIR 3.00 X X 0 0 0 WALTER N GEORGE III TREASURER 3.00 X X 0 0 0 ANN B MOORE SECRETARY 3.00 X X 0 0 0 JOHN C KUENZI SECRETARY 3.00 X X 0 0 0 ALLAN GOLDBERG SECRETARY 3.00 X X 0 0 0 GREG AUSTIN TRUSTEE 2.00 X 0 0 0 ADAM BOYKO TRUSTEE 2.00 X 0 0 0 ASAD BUTT TRUSTEE 2.00 X 0 0 0 DONNA DAMBACH VMD PHD DACVP TRUSTEE 2.00 X 0 0 0 DEBORAH DAVENPORT DVM MS DACVIM TRUSTEE 2.00 X 0 0 0 AMY EAGLE THOMPSON TRUSTEE 2.00 X 0 0 0 COLIN J GILES BVETMED PHD MRCV TRUSTEE 2.00 X 0 0 0 AMY HUNKELER DVM DACVO TRUSTEE 2.00 X 0 0 0 LEAH LAMBRAKIS TRUSTEE 2.00 X 0 0 0 JAY MESINGER TRUSTEE 2.00 X 0 0 0 ANITA MIGDAY DVM MS TRUSTEE 2.00 X 0 0 0 CYNTHIA MORRIS TRUSTEE 2.00 X 0 0 0 DAVID MORRIS TRUSTEE 2.00 X 0 0 0 KYLE OFFERMANN TRUSTEE 2.00 X 0 0 0 CARLTON OSBORNE TRUSTEE 2.00 X 0 0 0 CHUCK STEPHENS TRUSTEE 2.00 X 0 0 0 BILL SUTHERLAND TRUSTEE 2.00 X 0 0 0 STAN TEETER TRUSTEE 2.00 X 0 0 0 2419659 319847 13 false true false GABRIEL GROUP PO BOX 1000 SOUTHEASTERN PA 19398 MARKETING & F/R 582930 AUSVET EUROPE SAS 46 BLVD DE LA CROIX ROUSS LYON FR CONSULTING 110885 2 11345193 1324613 11345193 73240 73240 157719 105423 52296 52296 148254 -95958 MAGNETAR CAPITAL 523000 69093 69093 BLACKSTONE TACTICAL OPP FUND 523000 32657 32657 MORGAN CREEK CAPITAL PARTNERS 900099 15539 15539 -30322 -36087 5765 86967 11557696 229456 -16953 3055163 3055163 320240 320240 1213445 1213445 1898026 1072084 539140 286802 4309950 2126678 970186 1213086 222286 113287 45312 63687 469476 271137 91486 106853 435818 220799 105783 109236 9200 9200 34047 34047 579330 579330 263798 263798 1598212 1469438 109201 19573 96040 96040 532166 474874 3448 53844 455390 190532 96803 168055 361493 169535 111190 80768 88907 38192 16077 34638 138264 73066 35051 30147 60583 28887 17855 13841 24960 12666 6159 6135 MISCELLANEOUS 418496 52420 269664 96412 OTHER PROGRAM EXPENSE 269000 269000 PROFESSIONAL DEV. 240098 103596 103514 32988 EQUIPMENT RENTAL 8605 3796 2996 1813 17102993 11374875 2830910 2897208 4867050 8222982 5978247 2157944 1824446 931383 331059 363671 527541 481280 106844 46261 23308145 26716494 70237638 70713420 543352 106653429 109695507 858985 1071527 4325145 5555024 722219 1195329 5906349 7821880 X 35865355 36021899 64881725 65851728 100747080 101873627 106653429 109695507 X -5545297 6440276 231568 X X false true X true false X 11926167 11163173 13524634 15090948 11345193 63050115 11926167 11163173 13524634 15090948 11345193 63050115 5744224 57305891 572774 -111001 104722 -913179 73240 -273444 193582 971891 229456 1394929 4671 7102 13029 18692 5765 49259 64220859 0.89230 0.87200 X PART II, LINE 10 OTHER INCOME 49,259 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 85576529 7536809 5762295 4538848 5008732 2673930 86654123 88935327 9751462 -4091719 3162949 4411602 1443990 85576529 70208949 9810717 18344672 3543499 2986332 2899180 88935327 75714710 8703020 -5317144 3530949 3500442 1860246 70208949 68079265 5624525 7928189 100000 124377 5692892 75714710 0.33000 0.64000 0.03000 false false 44889 38695 6194 482652 442585 40067 46261 PRIVATE INVESTMENTS 38658815 F EMERGING MARKETS 8319447 F LESS-CORRELATED STRATEGIES 7024557 F NON-US DEVELOPED EQUITY 4650048 F GLOBAL (US & NON-US) 4649180 F FIXED INCOME FUNDS 3982871 F US EQUITY FUNDS 3428502 F 70713420 ANNUITIES PAYABLE 634072 OPERATING LEASE LIABILITY 561257 1195329 18414592 6440276 659916 20502 7120694 11293898 263798 263798 11557696 17288045 659916 659916 16628129 263798 211066 474864 17102993 SCHEDULE D, PAGE 2, PART V, LINE 4 EARNINGS FROM THE ENDOWMENT ARE SUBJECT TO THE FOUNDATION'S SPENDING POLICY AND ARE TO BE USED TO SUPPORT ANIMAL HEALTH STUDIES AND THE GENERAL OPERATIONS OF THE FOUNDATION. SCHEDULE D, PAGE 4, PART XI, LINE 2D ANNUITIES PAYABLE 20,502 SCHEDULE D, PAGE 4, PART XII, LINE 4B CREDITS IN F/S FOR GRANTS REFUNDED/DISCONTINUED 211,066 true CENTRAL AMERICA AND THE CARIBBEAN - ANTI INVESTMENTS 24763563 EUROPE (INCLUDING ICELAND & GREENLAND) - INVESTMENTS 14295406 NORTH AMERICA - CANADA AND MEXICO, BUT N INVESTMENTS 853517 EUROPE - NETHERLANDS, UNITED KINGDOM GRANTMAKING ANIMAL HLTH STUDIES 915749 NORTH AMERICA - CANADA GRANTMAKING ANIMAL HLTH STUDIES 222696 MIDDLE EAST & NORTH AFRICA - ISRAEL GRANTMAKING ANIMAL HLTH STUDIES 75000 41125931 41125931 EUROPE ANIMAL HLTH STUDIES 915749 WIRE TRANSFER NORTH AMERICA ANIMAL HLTH STUDIES 222696 WIRE TRANSFER MIDDLE EAST & NORTH AFRICA ANIMAL HLTH STUDIES 75000 WIRE TRANSFER 9 true false true true true false SCHEDULE F, PAGE 1, PART I, LINE 2 DISTRIBUTIONS OF GRANT PAYMENTS ARE MADE ACCORDING TO THE TERMS OUTLINED WITHIN THE GRANT AGREEMENT, TYPICALLY ON A BI-ANNUAL BASIS. GRANT PAYMENTS ARE CONTINGENT UPON DEFINED REPORTING REQUIREMENTS AND SATISFACTORY PROGRESS. GRANT PERFORMANCE IS ASSESSED BASED ON SCIENTIFIC REVIEW OF GRANT REPORTS. SCHEDULE F, PAGE 1, PART I, LINE 3 CENTRAL AMERICA AND THE CARIBBEAN - ANTI 0 24,763,563 EUROPE (INCLUDING ICELAND & GREENLAND) - 0 14,295,406 NORTH AMERICA - CANADA AND MEXICO, BUT N 0 853,517 EUROPE - NETHERLANDS, UNITED KINGDOM 915,749 0 NORTH AMERICA - CANADA 222,696 0 MIDDLE EAST & NORTH AFRICA - ISRAEL 75,000 0 X true GABRIEL GROUP 3190 RIDER TRAIL S EARTH CITY MO 63045 MAILING false 792148 579330 212818 792148 579330 212818 AK AL AR CA CO CT FL GA HI IL KS KY MA MD ME MI MN MO MS NC ND NH NJ NM NV NY OH OK OR PA RI SC TN UT VA WA WI WV SCHEDULE G, PART IV DIRECT FUNDRAISING EXPENSES ARE PAID BY THE FUNDRAISING ORGANIZATION. AN UNIDENTIFIED PORTION OF THE 579,330 RAISED BY THE GABRIEL GROUP WAS RELATED TO POSTAGE, PRINTING, MAILING, AND AGENCY FEES. true ACC&D 2815 NE 66TH AVE PORTLAND OR 97213 412185841 501C3 25005 ANIMAL HLTH STUDIES AUBURN UNIVERSITY 1161 W SAMFORD AVE BLDG 8 AUBURN AL 36849 636000724 GOV 10800 ANIMAL HLTH STUDIES COLORADO STATE UNIVERSITY 1350 CENTER AVE FORT COLLINS CO 80521 846000545 GOV 132038 ANIMAL HLTH STUDIES CORNELL UNIVERSITY 373 PINE TREE ROAD ITHACA NY 14850 150532082 GOV 36873 ANIMAL HLTH STUDIES MICHIGAN STATE UNIVERSITY 784 WILSON RD EAST LANSING MI 48824 386005984 GOV 50000 ANIMAL HLTH STUDIES NORTH CAROLINA STATE UNIVERSITY 2601 WOLF VILLAGE WAY RALEIGH NC 27607 566000756 GOV 249062 ANIMAL HLTH STUDIES STANFORD UNIVERSITY 291 CAMPUS DRIVE STANFORD CA 94305 941156365 GOV 10800 ANIMAL HLTH STUDIES TEXAS A&M AGRILIFE RESEARCH 2147 TAMUS COLLEGE STATION TX 77843 746000541 GOV 80206 ANIMAL HLTH STUDIES THE OHIO STATE UNIVERSITY 1930 KENNY ROAD COLUMBUS OH 43210 316025986 GOV 270984 ANIMAL HLTH STUDIES THE UNIVERSITY OF GEORGIA 310 EAST CAMPUS ROAD ATHENS GA 30602 581353149 GOV 149892 ANIMAL HLTH STUDIES TUFTS UNIVERSITY 136 HARRISON AVE BOSTON MA 02111 042103634 GOV 224913 ANIMAL HLTH STUDIES UNIVERSITY OF CALIFORNIADAVIS UC DAVIS AR LOCKBOX PO BOX 741816 LOS ANGELES CA 90074 946036494 GOV 170155 ANIMAL HLTH STUDIES UNIVERSITY OF DENVER 2190 E ILIFF AVENUE DENVER CO 80210 840404231 GOV 264290 ANIMAL HLTH STUDIES UNIVERSITY OF FLORIDA 2015 SW 16TH AV GAINESVILLE FL 32608 596002052 GOV 75000 ANIMAL HLTH STUDIES UNIVERSITY OF ILLINOIS URBANA-CHAMP 1008 W HAZELWOOD DR URBANA IL 61802 376000511 GOV 124988 ANIMAL HLTH STUDIES UNIVERSITY OF KENTUCKY 109 KINKEAD HALL 172 FUNKHOUSER DR LEXINGTON KY 40506 616033693 GOV 211400 ANIMAL HLTH STUDIES UNIVERSITY OF MINNESOTA 1365 GORTNER AVE ST PAUL MN 55108 416007513 GOV 130000 ANIMAL HLTH STUDIES UNIVERSITY OF MISSOURI 1520 EAST ROLLINS ST COLUMBIA MO 65211 436003859 GOV 100000 ANIMAL HLTH STUDIES UNIVERSITY OF PENNSYLVANIA 3800 SPRUCE ST PHILADELPHIA PA 19104 231352685 GOV 10000 ANIMAL HLTH STUDIES UNIVERSITY OF WISCONSIN 1300 UNIVERSITY AVE MADISON WI 53706 396006492 GOV 74874 ANIMAL HLTH STUDIES UNIVERSITY OF WISCONSIN MADISON 2015 LINDEN DR W MADISON WI 53706 396006492 GOV 240516 ANIMAL HLTH STUDIES VAIKA INC 1933 SWEET ROAD EAST AURORA NY 14052 824331460 501C3 250000 ANIMAL HLTH STUDIES VIRGINIA TECH 925 PRICES FORK RD BLACKSBURG VA 24060 546001805 GOV 74134 ANIMAL HLTH STUDIES WASHINGTON STATE UNIVERSITY PO BOX 641025 PULLMAN WA 99164 916001108 GOV 71546 ANIMAL HLTH STUDIES 25 FELLOWSHIPS, SPONSORSHIPS 25 320240 SCHEDULE I, PAGE 1, PART I, LINE 2 DISTRIBUTIONS OF GRANT PAYMENTS ARE TYPICALLY MADE IN QUARTERLY DISTRIBUTIONS, SUBJECT TO PERFORMANCE OF THE PROJECT TO THE SATISFACTION OF THE FOUNDATION. GRANT PERFORMANCE IS ASSESSED BASED ON INDEPENDENT SCIENTIFIC REVIEW OF PROGRESS REPORTS THAT ARE REQUESTED BI-ANNUALLY. ONE-HALF OF THE FINAL QUARTERLY PAYMENTS WILL BE WITHHELD BY THE FOUNDATION UNTIL RECEIPT OF A COMPLETE AND SATISFACTORY FINAL REPORT AND ACCOUNTING. X X X X X true false false false false false false false false TIFFANY GRUNERT PRESIDENT/CEO 269475 52000 19450 14355 355280 JANET PATTERSON-KANE CHIEF SCIENTIFIC OFF 264789 25330 11295 13292 314706 RYAN WELCH CHIEF DEVEL. OFF 202254 27249 14084 11535 255122 CAROL BORCHERT CHIEF MARKETING OFF 174665 23100 11939 11448 221152 SARAH SVITAK CHIEF OPERATING OFF 170119 22400 11578 11649 215746 STACY VAN BUREN VP OF FINANCE & OPER 191552 7483 11014 210049 GREGORY KNADDISON CHIEF TECHNOLOGY OFF 148773 21000 9631 18653 198057 KATHLEEN TIETJE CHIEF PROGRAMS OFF 129313 23204 9879 18058 180454 RYAN MCVEIGH SR DATABASE DEVELOP 139413 7043 9432 17976 173864 JOE MALUSO DIRECTOR OF IT 130315 8632 8813 21528 169288 DAN STENCEL VP OF DEVELOPMENT 129827 10980 8462 10771 160040 LEO KACENJAR SR DATABASE DEVELOP 131417 7303 8337 10776 157833 SCHEDULE J, PAGE 1, PART I, LINE 4 STACY VAN BUREN 48,718 0 0 X 15 1324613 SUBSEQUENT SELLING PRICE false true true SCHEDULE M, PAGE 1, PART I, LINE 32B THE FOUNDATION USES A BROKER TO SELL DONATED SECURITIES. FORM 990 - ORGANIZATION'S MISSION MORRIS ANIMAL FOUNDATION'S (THE FOUNDATION'S) MISSION IS TO BRIDGE SCIENCE AND RESOURCES TO ADVANCE THE HEALTH OF ANIMALS. SINCE THE FOUNDATION'S FOUNDING IN 1948, MORE THAN 20,000 SPECIES HAVE BEEN HELPED THROUGH SCIENTIFIC STUDIES AND THE DEVELOPMENT OF NEW TREATMENTS, DIAGNOSTIC TOOLS AND VACCINES. FORM 990, PAGE 2, PART III, LINE 4B PROGRAM AWARENESS: THE FOUNDATIONS MISSION IS TO BRIDGE SCIENCE AND RESOURCES TO ADVANCE THE HEALTH OF ANIMALS. RAISING AWARENESS ABOUT THE FOUNDATIONS PROGRAMS AND IMPACT IS A CRITICAL COMPONENT TO FULFILLING THE FOUNDATION'S MISSION. THE FOUNDATIONS AWARENESS PROGRAM PROVIDES A RANGE OF EDUCATIONAL INFORMATION ACROSS FORMATS/CHANNELS TO ENSURE VISIBILITY, ACCESSIBILITY AND IMPACT, SUCH AS: INFORMATION FOR RESEARCHERS AND SCIENTISTS SEEKING FUNDING, DATA OR SAMPLES TO SUPPORT ANIMAL HEALTH STUDIES, RESOURCES FOR VETERINARIANS TO ADVANCE EXPERTISE AND CLINICAL CARE, AND RESOURCES FOR SUPPORTERS AND PET OWNERS RELATED TO PET CARE, HEALTH CONDITIONS, AND ANIMAL HEALTH ISSUES AT LARGE. PROGRAM AWARENESS EFFORTS ALSO SUPPORT THE FOUNDATIONS GOLDEN RETRIEVER LIFETIME STUDY, THE LARGEST AND LONGEST STUDY EVER UNDERTAKEN IN THE UNITED STATES TO UNDERSTAND CANCER IN DOGS. ANNUAL CAMPAIGNS AIM TO GENERATE AWARENESS AND SUPPORT FOR CRITICAL ANIMAL HEALTH ISSUES SUCH AS THE STOP CANCER FUREVER CAMPAIGN PROMOTING EDUCATIONAL CONTENT RELATED TO THE PREVALANCE OF PET CANCER, AND INSPIRING DONATIONS TO FUND PREVENTION AND TREATMENT. THE FOUNDATION ALSO DISTRIBUTES ONGOING ANIMAL HEALTH INFORMATION TO SUPPORTERS AND THE GENERAL PUBLIC THROUGH DIRECT MAIL, QUARTERLY NEWSLETTERS, SOCIAL MEDIA, PUBLIC RELATIONS, AND A RANGE OF DIGITAL CONTENT INCLUDING A WEBSITE THAT HOUSES RESOURCES FOR ALL AFOREMENTIONED EFFORTS. FORM 990, PAGE 6, PART VI, LINE 2 CYNTHIA MORRIS DAVID MORRIS OFFICER OFFICER SIBLINGS FORM 990, PAGE 6, PART VI, LINE 11B A DRAFT OF THE IRS FORM 990 AND ALL SCHEDULES IS REVIEWED BY THE BOARD OF TRUSTEES, CEO, AND OTHER OFFICERS BEFORE IT IS FILED WITH THE IRS. FORM 990, PAGE 6, PART VI, LINE 12C ALL MEMBERS OF THE BOARD OF TRUSTEES AND BOARD COMMITTEES ARE REQUIRED TO COMPLETE AN ANNUAL CONFLICT OF INTEREST QUESTIONNAIRE. THE BOARD REVIEWS ALL FORMS AND FOR ANY THAT DECLARE A CONFLICT, THOSE MATTERS ARE BROUGHT BEFORE THE FULL BOARD. THE BOARD ALSO ENFORCES COMPLIANCE BY PROMOTING AWARENESS OF THE POLICY AT BOARD MEETINGS. FORM 990, PAGE 6, PART VI, LINE 15A THE COMPENSATION COMMITTEE IS RESPONSIBLE FOR REVIEWING THE PERFORMANCE OF THE PRESIDENT/CEO AND MAKING RECOMMENDATIONS AT LEAST ANNUALLY TO THE EXECUTIVE COMMITTEE AND THE BOARD OF TRUSTEES FOR HIS/HER COMPENSATION. THIS SHALL BE DONE IN ACCORDANCE WITH THE POLICY AND OTHER BEST PRACTICES IN THE JUDGMENT OF THE MEMBERS OF THE COMPENSATION COMMITTEE. FOR THE PURPOSES OF THIS POLICY, "COMPENSATION" REFERS TO THE COMBINATION OF SALARY AND BENEFITS AS DEFINED IN THE IRS FORM 990 PROCESS INSTRUCTIONS. FORM 990, PAGE 6, PART VI, LINE 15B THE COMPENSATION COMMITTEE SHALL ANNUALLY REVIEW ANY CHANGES IN THE COMPENSATION FOR OTHER OFFICERS AND KEY EMPLOYEES ACCORDING TO POLICY. FOR THE PURPOSES OF THESE POLICIES, "COMPENSATION" REFERS TO THE COMBINATION OF SALARY AND BENEFITS AS DEFINED IN THE IRS FORM 990 PROCESS INSTRUCTIONS. THE CEO SETS THE OTHER OFFICERS' SALARIES WITH INPUT FROM THE BOARD AND USING COMPARATIVE DATA AND SET PAYGRADES. FORM 990, PAGE 6, PART VI, LINE 17 MASSACHUSETTS, MARYLAND, MAINE, MICHIGAN, MINNESOTA, MISSISSIPPI, NORTH CAROLINA, NORTH DAKOTA, NEW HAMPSHIRE, NEW JERSEY, NEVADA, NEW YORK, OHIO, OKLAHOMA, OREGON, PENNSYLVANIA, RHODE ISLAND, SOUTH CAROLINA, TENNESSEE, UTAH, VIRGINIA, WASHINGTON, WISCONSIN, WEST VIRGINIA FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING AND FINANCIAL DOCUMENTS ARE AVAILABLE UPON REQUEST AND ARE ALSO POSTED ON THE FOUNDATION'S WEBSITE. FORM 990, PART XI, LINE 9 GRANTS REFUNDED/DISCONTINUED 211,066 CHANGE IN VALUE OF CHARITABLE GIFT ANNUITIES 20,502 TOTAL 231,568 GRANTS AWARDED IN PRIOR YEARS THAT ARE REFUNDED OR DISCONTINUED ARE REPORTED AS A REDUCTION OF GRANT EXPENSE IN THE FINANCIAL STATEMENTS IN THE YEAR THE REFUND IS RECEIVED OR THE PROJECT IS DISCONTINUED. DURING FISCAL YEAR 2023, THE FOUNDATION DISCONTINUED PROJECTS WITH OUTSTANDING GRANT COMMITMENTS OF 119,865, AND RECEIVED A GRANT REFUND OF 91,201. THESE AMOUNTS ARE NOT REFLECTED IN THE STATEMENT OF FUNCTIONAL EXPENSES FOR TAX PURPOSES. AS A RESULT, PROGRAM EXPENSES FOR TAX PURPOSES ARE GREATER THAN PROGRAM EXPENSES FOR FINANCIAL STATEMENT PURPOSES. FORM 990, PAGE 12, PART XII, LINE 2C THE FOUNDATION'S AUDIT & RISK COMMITTEE IS RESPONSIBLE FOR SELECTING THE INDEPENDENT AUDITOR AND MONITORING THE RESULTS OF THE ANNUAL AUDIT. THE AUDIT & RISK COMMITTEE MEETS WITH THE INDEPENDENT AUDITOR AT LEAST ANNUALLY TO REVIEW THE AUDIT PROCESS AND RESULTS. THERE HAS BEEN NO CHANGE TO THIS PROCESS IN THE CURRENT YEAR.