2025-10-28T18:30:22-05:00 2024-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 805 SW BROADWAY STE 1400 PORTLAND OR 97205 990 2024-01-01 946064808 HENRY J KAISER FAMILY FOUNDATION HENR 6508549400 185 BERRY STREET 2000 SAN FRANCISCO CA 94107 ELIZABETH A CAIN CFO 6508549400 2025-10-28 1 0 WENDY CAMPOS P00448102 5032421447 2025-10-27 2024 2025-03-06 01:10:19Z KFF DREW ALTMAN 185 BERRY STREET 2000 SAN FRANCISCO CA 94107 161317697 0 X WWW.KFF.ORG X 1948 CA TO FILL THE NEED FOR TRUSTED, INDEPENDENT INFORMATION ON NATIONAL HEALTH ISSUES. 11 10 236 5 -2838621 39662 25637774 17684590 0 0 59166300 14705586 861 1816 84804935 32391992 740895 565144 0 0 46045305 48292578 0 0 1002477 29280776 25916934 76066976 74774656 8737959 -42382664 829022336 768899607 152810459 150270410 676211877 618629197 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 23967945 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. 24024480 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. 7421035 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. 6479973 565144 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. THE HEALTH MISINFORMATION AND TRUST INITIATIVE - IN LATE FALL 2022, KFF BEGAN TO DEVELOP THIS NEW PROGRAM TO IDENTIFY AND ADDRESS MISINFORMATION AND DISINFORMATION IN HEALTH. 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. 6479973 565144 0 61893433 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 1 196 0 1 236 1 1 1 1 MP 0 0 0 0 0 0 0 0 1 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 ND NH NJ NM NY OR PA RI SC TN 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 1012215 0 111690 MOLLYANN BRODIE EXECUTIVE VICE PRESIDENT & COO 37.50 X 522273 0 112032 LAWRENCE LEVITT EXECUTIVE VICE PRESIDENT FOR HEALTH POLICY 37.50 X 522425 0 95116 DEAN DUCHAK CHIEF INVESTMENT OFFICER 37.50 X 473072 0 101969 DAVID ROUSSEAU PUBLISHER KFF HEALTH NEWS 37.50 X 475549 0 95270 ANN DEFABIO SENIOR VICE PRESIDENT & CCO 37.50 X 390569 0 70242 ELIZABETH CAIN CHIEF FINANCIAL OFFICER 37.50 X 382365 0 77770 ELISABETH ROSENTHAL SENIOR CONTRIBUTING EDITOR KFF HEALTH NEWS 37.50 X 380004 0 76690 IRVING WASHINGTON III SENIOR VICE PRESIDENT & EXECUTIVE DIRECTOR 37.50 X 398753 0 53437 SUSAN SIEGEL TRUSTEE 4.00 X 32500 0 0 KATHLEEN SEBELIUS TRUSTEE 4.00 X 31750 0 0 OLYMPIA SNOWE TRUSTEE, CHAIR 4.00 X X 31500 0 0 KEVIN MERIDA TRUSTEE 4.00 X 25000 0 0 REED V TUCKSON TRUSTEE 4.00 X 22750 0 0 JAMES E CANALES TRUSTEE, VICE-CHAIR 4.00 X X 0 0 0 FREDERICK P CERISE 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 4700725 0 794216 134 0 1 0 GEORGE WEINER DBA WHOLE WHALE 195 MONTAGUE ST BROOKLYN NY 11201 ONLINE MARKETING 1487645 CIVIC NEWS COMPANY 450 7TH AVE 32ND FLOOR NEW YORK NY 10123 JOURNALISM 1422680 AUS MARKETING RESEARCH SYSTEMS INC 155 GAITHER DR STE A MOUNT LAUREL NJ 08054 SURVEY & POLLING RESEARCH 1111347 DAVIS RESEARCH LLC 26610 AGOURA RD STE 240 CALABASAS CA 91302 SURVEY RESEARCH 867600 10UP LLC 2765 CARRADALE DR ROSEVILLE CA 95661 WEBSITE DEVELOPMENT & DESIGN 660392 32 1475814 16208776 25403 17684590 2099271 2099271 62506899 79025121 51465645 77460060 11041254 1565061 12606315 -2838621 15444936 AWARDS 900099 1600 1600 CLASS ACTION SETTLEMENTS 900099 216 216 1816 32391992 0 -2838621 17546023 X 565144 565144 3220011 2015491 1173318 31202 29266447 23028694 5762130 475623 5322663 4188208 1047954 86501 8259533 7533010 594772 131751 2223924 1749924 437858 36142 444318 161084 283234 303059 297109 5950 922748 922748 7963588 7778583 185005 1717402 1717402 1108236 739772 321624 46840 1852181 1519573 325097 7511 4294079 3572032 649194 72853 1026415 773241 215350 37824 485843 244398 241445 4931881 4126154 745466 60261 2142080 1888833 253247 231758 198486 33272 STAFF TRAINING 76275 63232 13043 STAFF MEMBERSHIPS 21368 18761 2607 FOUNDATION MEMBERSHIPS 18911 11411 7500 UNRELATED BUS INC TAX -1653050 -1653050 29842 19823 10019 74774656 61893433 11878746 1002477 13762535 10956541 22798288 19172161 262500 162771 2117165 2069261 57544845 30284379 28916821 27260466 63948656 51457727 678309457 638824796 18906914 18995884 829022336 768899607 8108725 8413587 28487 24825 144673247 141831998 152810459 150270410 X 646182715 592126158 30029162 26503039 676211877 618629197 829022336 768899607 X -42382664 -17412379 2212363 X 0 1 X 1 0 X 12461575 28513227 20633979 25637774 17684590 104931145 12461575 28513227 20633979 25637774 17684590 104931145 49755462 55175683 1541112 1215561 1350577 2284328 2099271 8490849 1726934 468459 9246 24154 2228793 72981 272912 881 861 1816 349451 116000238 0.47570 0.47990 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: CLASS ACTION LEGAL SETTLEMENTS - 2022 AMOUNT: $ 881. 2023 AMOUNT: $ 861. 2024 AMOUNT: $ 216. 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. AWARDS - 2024 AMOUNT: $ 1,600. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7463063 7463063 34428868 18534052 15894816 8436821 5459557 2977264 7085499 6290770 794729 130594 130594 27260466 INVESTMENTS EQUITY & FIXED INCOME 127135104 F INVESTMENTS HEDGE FUNDS 118250218 F INVESTMENTS PRIVATE EQUITY 329507372 F INVESTMENTS REAL ASSETS 50260648 F INVESTMENT IN DARRIN CAPITAL 1010264 C RECEIVABLE FOR UNSETTLED INVESTMENT TRANSACTIONS 12661190 C 638824796 BOND PAYABLE 100000000 POSTRETIREMENT LIABILITY 25367543 OPERATING LEASE LIABILITIES 16435431 ACCOUNTS PAYABLE UNSETTLED INVESTMENT 29024 141831998 X PART X, LINE 2: KFF ADOPTED FASB ASC TOPIC 740, INCOME TAXES, IN 2007. AS OF DECEMBER 31, 2024, 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, 2024 AND 2023, AND CONCLUDED THAT NO RESERVE FOR UNCERTAIN TAX POSITIONS WAS REQUIRED. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 184235000 EAST ASIA AND THE PACIFIC 0 0 INVESTMENTS 2234000 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS 27200000 SUB-SAHARAN AFRICA 1 1 INVESTMENTS 54421000 NORTH AMERICA (CANADA & MEXICO) 0 0 INVESTMENTS 0 0 1 1 0 0 1 1 268090000 0 268090000 1 0 1 1 1 0 1 100 BLACK MEN OF GREATER MOBILE INC PO BOX 40507 MOBILE AL 36640 631195502 501(C)(3) 40000 0 GENERAL SUPPORT AIDS SUPPORT GROUP OF CAPE COD 96 BRADFORD STREET PROVINCETOWN MA 02657 042908722 501(C)(3) 15000 0 GENERAL SUPPORT BREAKTIME UNITED INC 170 PORTLAND STREET BOSTON MA 02114 842301372 501(C)(3) 10000 0 GENERAL SUPPORT CENTER FOR A NEW AMERICAN SECURITY INC 1701 PENNSYLVANIA AVENUE NW SUITE 700 WASHINGTON DC 20006 208084828 501(C)(3) 10000 0 GENERAL SUPPORT CHILDREN'S ADVOCACY CENTER OF DOUGLAS COUNTY INC 1009 NEW HAMPSHIRE STREET SUITE A LAWRENCE KS 66044 852142411 501(C)(3) 6000 0 GENERAL SUPPORT DC JAZZ FESTIVAL 1101 SIXTH STREET SW WASHINGTON DC 20024 201799842 501(C)(3) 10000 0 EDUCATIONAL PROGRAMS DIVERSE MEDICINE INC 4629 DOZIER ROAD CARROLLTON TX 75010 453059585 501(C)(3) 50000 0 YOUTH SUMMITS DUKE UNIVERSITY 2200 W MAIN STREET SUITE 300 DURHAM NC 27705 560532129 501(C)(3) 10000 0 MARGOLIS CENTER FOR PUBLIC HEALTH POLICY ELIZABETH BALLARD COMMUNITY CENTER INC PO BOX 7 LAWRENCE KS 66044 480848472 501(C)(3) 7500 0 GENERAL SUPPORT FAMILY NURTURING CENTER OF MASSACHUSETTS INC 200 BOWDOIN STREET DORCHESTER MA 02122 311626186 501(C)(3) 10000 0 GENERAL SUPPORT GLADSTONE FOUNDATION 1650 OWENS STREET SAN FRANCISCO CA 94158 800688001 501(C)(3) 10000 0 GENERAL SUPPORT PRESIDENT AND FELLOWS OF HARVARD COLLEGE 1033 MASSACHUSETTS AVENUE 3RD FLOOR CAMBRIDGE MA 02138 042103580 501(C)(3) 5150 0 JOHN F KENNEDY SCHOOL OF GOVERNMENT & GENERAL SUPPORT HELPING OUR WOMEN INC 34 CONWELL STREET PROVINCETOWN MA 02657 043179955 501(C)(3) 10000 0 GENERAL SUPPORT INNER CITY YOUTH ORCHESTRA OF LOS ANGELES INC 6820 S LA TIJERA BOULEVARD SUITE 106 LOS ANGELES CA 90045 453622466 501(C)(3) 10000 0 GENERAL SUPPORT JUST FOOD OF DOUGLAS COUNTY INC 1000 E 11TH STREET LAWRENCE KS 66046 455069131 501(C)(3) 10000 0 GENERAL SUPPORT LINCOLN CENTER FOR THE PERFORMING ARTS INC 70 LINCOLN CENTER PLAZA NEW YORK NY 10023 131847137 501(C)(3) 25000 0 GENERAL SUPPORT MAINEHEALTH 22 BRAMHALL STREET PORTLAND ME 04102 010238552 501(C)(3) 40000 0 MAINE MEDICAL CENTER MARCH ON WASHINGTON FILM FESTIVAL 525 9TH STREET NW 7TH FLOOR WASHINGTON DC 20004 464604132 501(C)(3) 10000 0 GENERAL SUPPORT MASSACHUSETTS INSTITUTE OF TECHNOLOGY 77 MASSACHUSETTS AVENUE ROOM NE49-3142 CAMBRIDGE MA 02139 042103594 501(C)(3) 10000 0 DEPARTMENT OF POLITICAL SCIENCE MEDIA IMPACT FUNDERS INC 200 W WASHINGTON SQUARE SUITE 220 PHILADELPHIA PA 19106 261948166 501(C)(3) 15000 0 LEADERSHIP TRANSITION SUPPORT NYC & COMPANY INC 810 SEVENTH AVENUE 3RD FLOOR NEW YORK NY 10019 135531178 501(C)(3) 10000 0 NEW YORK CITY TOURISM FNDN SOMOS AMIGOS MEDICAL MISSIONS PO BOX 29196 SAN JUAN PR 00929 770553014 501(C)(3) 40000 0 GENERAL SUPPORT ST MICHAEL SPECIAL SCHOOL 1522 CHIPPEWA STREET NEW ORLEANS LA 70130 720626395 501(C)(3) 19000 0 TUITION SUPPORT FOR LOW INCOME FAMILIES STANFORD HEALTH CARE 300 PASTEUR DRIVE H3211A PALO ALTO CA 94305 946174066 501(C)(3) 15000 0 GENERAL SUPPORT THE 19TH NEWS 3571 FAR WEST BOULEVARD SUITE 3497 AUSTIN TX 78731 842627202 501(C)(3) 24000 0 GENERAL SUPPORT THE ASPEN INSTITUTE INC 2300 N STREET NW SUITE 700 WASHINGTON DC 20037 840399006 501(C)(3) 10000 0 HENRY CROWN FELLOWSHIP & ALUMNI ENGAGEMENT FUND THE NEW YORK OPPORTUNITY NETWORK INC 85 BROAD STREET 6TH FLOOR NEW YORK NY 10004 431984494 501(C)(3) 10000 0 GENERAL SUPPORT UNIVERSITY OF SOUTHERN CALIFORNIA UNIVERSITY GARDENS UGB203 LOS ANGELES CA 90089 951642394 501(C)(3) 15250 0 SCHAEFFER CENTER FOR HEALTH POLICY & ECONOMICS & GENERAL SUPPORT 28 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' 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 944180 0 15000 0 53035 0 69000 0 42690 0 1123905 0 0 0 MOLLYANN BRODIE EXECUTIVE VICE PRESIDENT & COO 512785 0 10000 0 -512 0 69000 0 43032 0 634305 0 0 0 LAWRENCE LEVITT EXECUTIVE VICE PRESIDENT FOR HEALTH POLICY 512785 0 10000 0 -360 0 69000 0 26116 0 617541 0 0 0 DEAN DUCHAK CHIEF INVESTMENT OFFICER 482292 0 0 0 -9220 0 34000 0 67969 0 575041 0 0 0 DAVID ROUSSEAU PUBLISHER KFF HEALTH NEWS 468650 0 10000 0 -3101 0 34000 0 61270 0 570819 0 0 0 ANN DEFABIO SENIOR VICE PRESIDENT & CCO 386250 0 2500 0 1819 0 34000 0 36242 0 460811 0 0 0 ELIZABETH CAIN CHIEF FINANCIAL OFFICER 375950 0 3000 0 3415 0 34000 0 43770 0 460135 0 0 0 ELISABETH ROSENTHAL SENIOR CONTRIBUTING EDITOR KFF HEALTH NEWS 375950 0 0 0 4054 0 34000 0 42690 0 456694 0 0 0 IRVING WASHINGTON III SENIOR VICE PRESIDENT & EXECUTIVE DIRECTOR 360500 0 2000 0 36253 0 34000 0 19437 0 452190 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 2024. 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 25403 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 FOR 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 1,217,020. MANAGEMENT AND GENERAL EXPENSES 97,185. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,314,205. FREELANCE REPORTING & EDITORIAL SERVICES: PROGRAM SERVICE EXPENSES 2,603,166. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,603,166. GRAPHIC DESIGN: PROGRAM SERVICE EXPENSES 290,351. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 290,351. MISCELLANEOUS: PROGRAM SERVICE EXPENSES 58,780. MANAGEMENT AND GENERAL EXPENSES 87,820. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 146,600. VIDEO PRODUCTION & PHOTOGRAPHY: PROGRAM SERVICE EXPENSES 69,061. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 69,061. SURVEYS, POLLING, & OTHER RESEARCH SERVICES: PROGRAM SERVICE EXPENSES 3,540,205. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,540,205. FORM 990, PART XI, LINE 9: CHANGE IN POSTRETIREMENT LIABILITY 2,361,914. PLEDGE WRITE OFFS -149,551. KF FINTECH LLC 185 BERRY STREET SUITE 2000 SAN FRANCISCO CA 94107 813015953 INVESTMENT DE 11 26275 HENRY J KAISER FAMILY FOUNDATION LIBERTY SHIP LLC 185 BERRY STREET SUITE 2000 SAN FRANCISCO CA 94107 475365134 INVESTMENT DE -9415749 794986 HENRY J KAISER FAMILY FOUNDATION KF PS WALNUT CREEK LLC 186 BERRY STREET SUITE 2000 SAN FRANCISCO CA 94107 INVESTMENT DE 0 0 KF FINTECH LLC 57 STARS GLOBAL OPP FUND 4-CO-INVESTMENT SLEEVE LP 1655 FORT MYER DR SUITE 920 ARLINGTON VA 22209 981303131 INVESTMENT CJ HENRY J KAISER FAMILY FOUNDATION EXCLUDED 2417 4350515 0 0 0.65440 KAISERFP PRIVATE EQUITY FUND LP 251 ST ASAPHS RD SUITE 550W BALA CYNWYD PA 19004 471155650 INVESTMENT DE HENRY J KAISER FAMILY FOUNDATION EXCLUDED 6398607 0 0 0.99000 KFF RPP LLC 101 MISSION ST SUITE 1050 SAN FRANCISCO CA 94105 452549497 INVESTMENT DE HENRY J KAISER FAMILY FOUNDATION UNRELATED -2258754 30410444 0 -2254148 0 1.00000 KFF RPP II LLC 101 MISSION ST SUITE 1050 SAN FRANCISCO CA 94105 471689746 INVESTMENT DE HENRY J KAISER FAMILY FOUNDATION UNRELATED 1489677 54759872 0 1359769 0 0.95240 KEELE HOLDINGS LP 79 WELLINGTON ST W STE 2100 TORONTO ONTARIO CA CA M5K 1G8 821023014 INVESTMENT DE HENRY J KAISER FAMILY FOUNDATION EXCLUDED 36504 0 1 DARRIN CAPITAL MANAGEMENT 6TH FLOOR TWO TRIBECA TRIBECA CENTRAL TRIANON MP 72261 INVESTMENTS MP HENRY J KAISER FAMILY FOUNDATION C 1037522 1.00000 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 KFF RPP LLC B 2402315 BANK RECORDS KAISERFP PRIVATE EQUITY FUND LP B 118800 BANK RECORDS KFF RPP II LLC B 1595270 BANK RECORDS KFF RPP II LLC S 2402315 BANK RECORDS