2023-07-14T10:36:17-05:00 2022-08-31 911194016 CLARK NUBER PS 10900 NE 4TH STREET SUITE 1400 BELLEVUE WA 98004 990 2021-09-01 911351925 SEATTLE SYMPHONY FOUNDATION SEAT 2062154700 PO BOX 21906 SEATTLE WA 981113906 MICHAEL SLONSKI CHAIR 2062154700 2023-07-05 1 MICHAEL SLONSKI 999009999 MEGAN R RYAN P00737884 4254544919 2023-07-05 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z MICHAEL SLONSKI PO BOX 21906 SEATTLE WA 981113906 3508429 0 X WWW.SEATTLESYMPHONY.ORG X 1986 WA TO AID AND SUPPORT THE SEATTLE SYMPHONY ORCHESTRA AND BENAROYA HALL MUSIC CENTER ENDOWMENTS. 11 11 0 14 0 0 1144526 1671401 0 0 1035826 1837028 0 0 2180352 3508429 1332155 1398169 0 0 150000 150000 0 0 150487 277518 289578 1759673 1837747 420679 1670682 45740973 41683868 182183 179027 45558790 41504841 THE PRIMARY PURPOSE OF THE SEATTLE SYMPHONY FOUNDATION IS TO AID AND SUPPORT THE SEATTLE SYMPHONY ORCHESTRA AND BENAROYA HALL MUSIC CENTER ENDOWMENTS. 0 0 1398169 1398169 THE FOUNDATION'S ARTICLES OF INCORPORATION PROVIDE THAT UP TO 7.5% OF THE 36 MONTH ROLLING AVERAGE OF THE ENDOWMENT VALUE BE DISTRIBUTED ANNUALLY TO THE SEATTLE SYMPHONY ORCHESTRA TO SUPPORT ITS OPERATIONS.IN 2019 THE FOUNDATION ADDED A NEW ENDOWMENT FUND FOR THE BENEFIT OF BENAROYA MUSIC HALL. IN 2022 THE FOUNDATION BOARD APPROVED A DISTRIBUTION TO BENAROYA HALL TOTALING 5% OF A ROLLING 36 MONTH AVERAGE OF THE ENDOWMENT VALUE. 1398169 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 1 0 0 0 0 1 0 1 1 0 0 0 1 1 1 1 1 0 0 0 WA X CHERONNE WONG 2062154700 PO BOX 21906 SEATTLE WA 98111 JEAN-FRANCOIS HEITZ CHAIR 2.00 2.00 X X 0 0 0 KATHLEEN WRIGHT VICE CHAIR 2.00 0.00 X X 0 0 0 MURIEL VAN HOUSEN SECRETARY 2.00 0.00 X X 0 0 0 BEN MARTZ TREASURER 2.00 2.00 X X 0 0 0 JON ROSEN DIRECTOR 2.00 2.00 X 0 0 0 NANCY B EVANS DIRECTOR 2.00 2.00 X 0 0 0 MICHAEL HATCH DIRECTOR 2.00 2.00 X 0 0 0 JOAQUIN HERNANDEZ DIRECTOR 2.00 0.00 X 0 0 0 RONALD KOO DIRECTOR 2.00 2.00 X 0 0 0 DAVID TAN DIRECTOR 2.00 0.00 X 0 0 0 RICK WHITE DIRECTOR 2.00 0.00 X 0 0 0 KRISHNA THIAGARAJAN PRESIDENT & CEO 1.00 34.00 X 0 571322 47465 CHERONNE WONG VICE PRESIDENT & CFO 1.00 34.00 X 0 238688 47364 0 810010 94829 0 0 1 0 BNY MELLON WEALTH MANAGEMENT 1201 3RD AVENUE 5010 SEATTLE WA 98101 INVESTMENT MANAGEMENT 147705 1 1671401 1671401 683908 683908 1153120 0 1153120 1153120 1153120 3508429 0 0 1837028 1398169 1398169 150000 150000 100000 100000 1615 1615 38754 38267 487 149119 149119 90 90 1837747 1398169 289091 150487 773437 1032486 2117874 1197136 9247879 6963381 2086 2086 2081382 1609382 30647660 30090788 870655 788609 45740973 41683868 107149 107149 75034 71878 182183 179027 X 9000000 9000000 36558790 32504841 45558790 41504841 45740973 41683868 X 1670682 -6864876 1140245 X 0 1 X 1 0 X X 2 SEATTLE SYMPHONY ORCHESTRA 910667412 7 1 1828326 0 BH MUSIC CENTER 911704263 10 0 9421 0 2 1837747 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 SCHEDULE A, PART I, LINE 12G, COLUMN (V): AMOUNT OF SUPPORT PAID: GRANTS PAID TO SEATTLE SYMPHONY ORCHESTRA: 1,388,748 GRANTS PAID TO BH MUSIC CENTER: 9,421 EXPENSES PAID ON BEHALF OF SEATTLE SYMPHONY ORCHESTRA: 439,578 TOTAL: 1,837,747 SCHEDULE A, PART IV, SECTION A, LINE 6: SEATTLE SYMPHONY FOUNDATION MADE A GRANT TO BH MUSIC CENTER, WHICH IS AN ENTITY OPERATED, SUPERVISED, OR CONTROLLED BY THE FOUNDATION'S NAMED SUPPORTED ORGANIZATION, SEATTLE SYMPHONY ORCHESTRA. PURSUANT TO REG. SEC. 1.509(A)-4(E)(1), SEATTLE SYMPHONY FOUNDATION IS OPERATED EXCLUSIVELY TO SUPPORT ITS SPECIFIED PUBLICLY SUPPORTED ORGANIZATION BECAUSE IT SUPPORTS ANOTHER ORGANIZATION DESCRIBED IN SECTION 501(C)(3) WHICH IS OPERATED, SUPERVISED, OR CONTROLLED BY SEATTLE SYMPHONY ORCHESTRA. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 35429567 5032630 -5093849 1398169 339579 33630600 30303430 1339527 5305215 1332155 186450 35429567 26656621 2507589 3009924 1470087 400617 30303430 27881903 612142 452539 1463520 826443 26656621 27379777 398238 2333565 1460981 768696 27881903 0.26760 0.73240 0.00000 0 0 0 GIFT ANNUITY PAYABLE 71878 71878 -2273466 -6864876 1082981 -5781895 3508429 0 3508429 1780483 91855 91855 1688628 149119 149119 1837747 PART V, LINE 4: THE FOUNDATION'S ARTICLES OF INCORPORATION PROVIDE THAT UP TO 7.5% OF THE 36 MONTH ROLLING AVERAGE OF THE ENDOWMENT VALUE BE DISTRIBUTED ANNUALLY TO THE SEATTLE SYMPHONY ORCHESTRA TO SUPPORT ITS OPERATIONS. IN FY22, THE FOUNDATION BOARD APPROVED THE DISTRIBUTION TO BENAROYA HALL TOTALING 5% OF A ROLLING 36 MONTH AVERAGE OF THE ENDOWMENT VALUE. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -13,402. ADJUSTMENT FOR PRESENT VALUE DISCOUNT 1,245,502. INVESTMENT MANAGEMENT FEES INCLUDED ON PART IX -149,119. PART XII, LINE 2D - OTHER ADJUSTMENTS: PRIOR YEAR PLEDGE WRITE-OFF 91,855. 0 SEATTLE SYMPHONY ORCHESTRA PO BOX 21906 SEATTLE WA 981113906 910667412 501(C)(3) 1388748 0 GENERAL SUPPORT B H MUSIC CENTER PO BOX 21669 SEATTLE WA 98111 911704263 501(C)(3) 9421 0 GENERAL SUPPORT 2 0 SCHEDULE I, PART II THE FUNDS THAT ARE TRANSFERRED ARE BASED ON A 36 MONTH ROLLING AVERAGE OF THE ENDOWMENT VALUE. UP TO 7.5% OF THE AVERAGE IS DISTRIBUTED ANNUALLY TO THE SEATTLE SYMPHONY ORCHESTRA TO SUPPORT ITS OPERATIONS AND 5% OF THE AVERAGE IS DISTRIBUTED ANNUALLY TO BENAROYA HALL. 0 0 0 0 0 0 0 0 0 KRISHNA THIAGARAJAN PRESIDENT & CEO 0 360766 0 75747 0 134809 0 10392 0 37073 0 618787 0 0 CHERONNE WONG VICE PRESIDENT & CFO 0 193579 0 1000 0 44109 0 10291 0 37073 0 286052 0 0 FORM 990, SCHEDULE J, PART III: COMPENSATION FOR THE PRESIDENT & CEO AND VICE-PRESIDENT & CFO IS REVIEWED AND ESTABLISHED BY THE SEATTLE SYMPHONY ORCHESTRA, INC., A RELATED ORGANIZATION. FORM 990, PART I, LINE 6: THERE WERE 11 VOLUNTEER BOARD MEMBERS AND 3 VOLUNTEERS SERVING ON THE INVESTMENT ADVISORY COMMITTEE DURING THE YEAR. FORM 990, PART VI, SECTION A, LINE 2 BEN MARTZ, JEAN-FRANCOIS HEITZ, JON ROSEN, MICHAEL HATCH, RONALD KOO, KRISHNA THIAGARAJAN, AND CHERONNE WONG HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 7A THE BYLAWS ALLOW FOR THE SEATTLE SYMPHONY ORCHESTRA, THE SUPPORTED ORGANIZATION, TO SELECT SIX BOARD MEMBERS FOR THE SEATTLE SYMPHONY FOUNDATION. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING, THE CONTROLLER AND THE VICE PRESIDENT & CFO CONDUCT A DETAILED REVIEW OF FORM 990 AND RELATED SCHEDULES. THE BOARD PRESIDENT AND AUDIT COMMITTEE ALSO REVIEW THE REPORT PRIOR TO FILING. A PUBLIC DISCLOSURE COPY OF THE RETURN IS AVAILABLE TO ALL BOARD MEMBERS AT THE SEATTLE SYMPHONY FOUNDATION'S OFFICES. FORM 990, PART VI, SECTION B, LINE 12C THE INTERESTED PERSONS COVERED UNDER THE CONFLICT OF INTEREST POLICY INCLUDE DIRECTORS OF THE SEATTLE SYMPHONY FOUNDATION. AFTER A POTENTIAL CONFLICT OF INTEREST IS IDENTIFIED, A DISINTERESTED PERSON OR COMMITTEE INVESTIGATES THE POTENTIAL CONFLICT AND DETERMINES IF ANY ALTERNATIVE SOLUTIONS ARE AVAILABLE. IF A MORE ADVANTAGEOUS TRANSACTION IS AVAILABLE THAT DOES NOT GIVE RISE TO A CONFLICT OF INTEREST, THAT ALTERNATIVE IS PREFERRED. IF AN ALTERNATIVE IS NOT AVAILABLE, THE ISSUE IS DISCUSSED WITH THE BOARD OF DIRECTORS. THE BOARD SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED BOARD MEMBERS WHETHER THE TRANSACTION IS IN THE BEST INTEREST OF THE FOUNDATION AND FOR ITS OWN BENEFIT. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VI, SECTION B, LINES 13-14; THE FOUNDATION FOLLOWS THE POLICIES AND PROCEDURES OF THE SEATTLE SYMPHONY ORCHESTRA REGARDING WHISTLEBLOWER POLICY AND DOCUMENT RETENTION AND DESTRUCTION. THESE POLICIES AND PROCEDURES ARE IN PLACE PRIMARILY DUE TO 1) A MAJORITY OF THE FOUNDATION DIRECTORS ARE ALSO DIRECTORS OF THE SYMPHONY, AND 2) MANAGEMENT SERVICES FOR THE FOUNDATION ARE PROVIDED BY SYMPHONY STAFF. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -13,402. ADJUSTMENT FOR PRESENT VALUE DISCOUNT 1,245,502. PRIOR YEAR PLEDGE WRITE-OFF -91,855. SEATTLE SYMPHONY ORCHESTRA PO BOX 21906 SEATTLE WA 981113906 910667412 ORCHESTRA WA 501(C)(3) LINE 7 N/A 0 B H MUSIC CENTER PO BOX 21906 SEATTLE WA 981113906 911704263 OPERATION OF CONCERT HALL WA 501(C)(3) LINE 10 SEATTLE SYMPHONY ORCHESTRA 0 CHARITABLE LEAD ANNUITY TRUST (1) PO BOX 21906 SEATTLE WA 98111 INVESTMENTS WA N/A T 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1 1 1 1 0 1