2021-05-11T14:22:05-05:00 2020-06-30 BKD LLP 312 WALNUT STREET SUITE 3000 CINCINNATI OH 45202 990 2019-07-01 311776354 KWI % HOLLY BRINKMAN KWI 5139294777 312 PLUM STREET Suite 950 CINCINNATI OH 45202 HOLLY BRINKMAN VP AND TREASURER 5139294777 2021-05-15 true Aaron Hershberger P00961884 5136218300 2019 2022-09-23 18:48:47Z X DR CHARLES AMBROSE 312 PLUM STREET SUITE 950 CINCINNATI OH 45202 39883135 false X N/A X 2001 OH SUPPORTS CHARITABLE AND EDUCATIONAL ACTIVITIES OF KNOWLEDGEWORKS FOUNDATION. 6 5 0 5 15717 7664 0 0 0 0 5929816 771535 0 0 5929816 771535 0 0 0 0 0 0 0 0 0 259761 244010 259761 244010 5670055 527525 112758718 105794348 876081 891667 111882637 104902681 KWI SUPPORTS THE CHARITABLE AND EDUCATIONAL ACTIVITIES OF KNOWLEDGEWORKS FOUNDATION THROUGH MANAGING ITS INVESTMENT PORTFOLIO AND PROVIDING FUNDING FOR THE FOUNDATION'S ACTIVITIES. false false 22925 2902800 DURING FISCAL YEAR 2020, KWI SUPPORTED THE CHARITABLE AND EDUCATIONAL ACTIVITIES OF KNOWLEDGEWORKS FOUNDATION THROUGH PROVIDING $7,740,153 OF OPERATIONAL SUPPORT. 22925 true false false false false false false false false false false true false false false true false true false false true false false false false false false false false true false false false false false false false false false false false false false true true true false false true 0 0 0 true true false false false false false false false false false false false X 6 5 true true false false true true true true true false false true true true true true true false false false X HOLLY BRINKMAN 5139294777 312 PLUM STREET SUITE 950 CINCINNATI OH 45202 CHARLES AMBROSE PRESIDENT AND CEO 1.0 39.0 X X 0 367990 43872 HOLLY BRINKMAN COO, VP AND TREASURER 3.0 37.0 X 0 247548 44058 MATTHEW WILLIAMS VP AND SECRETARY 1.0 39.0 X 0 249613 38369 EILEEN RUDDEN CHAIR OF THE BOARD 1.0 2.0 X X 0 0 0 THOMAS FRY VICE CHAIR OF THE BOARD 1.0 2.0 X X 0 0 0 ADAM EAGLESTON DIRECTOR 1.0 0.0 X 0 0 0 LUCIE LAPOVSKY DIRECTOR 1.0 2.0 X 0 0 0 MARK DAVIS DIRECTOR 1.0 0.0 X 0 0 0 0 865151 126299 0 false true false JP MORGAN CHASE 270 PARK AVENUE FLOOR 20 NEW YORK NY 10017 INVESTMENT ADVISORY 185881 1 0 0 2918516 2902799 15717 0 0 0 0 0 36964619 39111600 -2146981 -2146981 -2146981 0 0 0 0 0 0 0 0 0 0 771535 2902799 15717 -2146981 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 185881 185881 0 0 0 0 0 0 0 0 0 0 0 0 0 KWF ADMIN FEE EXPENSE 58129 22925 35204 244010 22925 221085 0 0 0 1460658 712061 0 0 0 0 0 0 0 0 0 0 0 0 0 1307 0 0 90655206 82477659 20610199 22595511 0 0 0 0 32655 7810 112758718 105794348 0 891667 0 0 0 0 0 0 0 0 0 0 0 0 0 0 876081 0 876081 891667 X 111882637 104902681 0 0 111882637 104902681 112758718 105794348 X 527525 232672 -7740153 X false true X true false X X X 1 KNOWLEDGEWORKS FOUNDATION 311321973 10 true 7740153 0 1 7740153 true false false false false false false false false false false false false false false true false REAL ASSETS 6870268 F HEDGE FUND INVESTMENTS 13515776 F PRIVATE EQUITY INVESTMENTS 2209467 F 22595511 0 0 X SCHEDULE D, PART X, LINE 2 FROM THE CONSOLIDATED AUDITED FINANCIAL STATEMENTS OF KNOWLEDGEWORKS FOUNDATION, WHICH INCLUDE THE ACTIVITY OF KWI: THE FOUNDATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501 OF THE INTERNAL REVENUE CODE AND A SIMILAR PROVISION OF STATE LAW. HOWEVER, THE FOUNDATION IS SUBJECT TO FEDERAL INCOME TAX ON ANY UNRELATED BUSINESS TAXABLE INCOME. THE FOUNDATION FILES TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. false CENTRAL AMERICA AND THE CARIBBEAN PASSIVE INVESTMENTS 15004596 15004596 15004596 true false false false false false false false false false false false false true false CHARLES AMBROSE PRESIDENT AND CEO 0 314442 0 49615 0 3933 0 14000 0 29872 0 411862 HOLLY BRINKMAN COO, VP AND TREASURER 0 207428 0 37356 0 2764 0 12963 0 31095 0 291606 MATTHEW WILLIAMS VP AND SECRETARY 0 211147 0 35487 0 2979 0 12780 0 25589 0 287982 PART I, LINE 3 The officers are not compensated by KWI. Their compensation is determined by the Compensation Committee of the parent company, KnowledgeWorks Foundation, who employs those individuals. The compensation of the CEO, other officers, and key employees are set by the Compensation Committee of the KnowledgeWorks' Board of Directors utilizing a compensation study performed by an independent compensation consulting firm comparing similar positions in similar organizations, including review of Form 990s for other organizations. PART I, LINE 7 KNOWLEDGEWORKS, KWI'S PARENT ORGANIZATION, OFFERED AN INDIVIDUAL INCENTIVE-BASED BONUS PROGRAM, WHERE THE ANNUAL PAYOUT IS DETERMINED BY ACHIEVEMENT OF ESTABLISHED ORBJECTIVES. THIS PROGRAM WAS TERMINATED EFFECTIVE 6/30/19. FINAL PAYOUTS WERE MADE IN OCTOBER 2019. FORM 990, PART VI, SECTION A, LINE 2 FAMILY OR BUSINESS RELATIONSHIPS CERTAIN KWI BOARD MEMBERS ARE ALSO MEMBERS OF THE BOARDS OF CERTAIN KWI AFFILIATES. THESE OVERLAPPING BOARD MEMBERSHIPS CONSTITUTE A BUSINESS RELATIONSHIP AS DEFINED BY FORM 990 INSTRUCTIONS. FORM 990, PART VI, SECTION A, LINE 3 CONTROL OVER MANAGEMENT DUTIES EFFECTIVE NOVEMBER 30, 2017, KWI'S BOARD DESIGNATED JPMORGAN CHASE THE OUTSOURCED CHIEF INVESTMENT OFFICER TO PROVIDE INVESTMENT ADVISORY AND MANAGEMENT SERVICES. FORM 990, PART VI, SECTION A, LINE 6 MEMBERS OR STOCKHOLDERS KWI HAS A SINGLE CORPORATE MEMBER, KNOWLEDGEWORKS FOUNDATION. FORM 990, PART VI, SECTION A, LINE 7A POWER TO ELECT KWI HAS A SINGLE CORPORATE MEMBER, KNOWLEDGEWORKS FOUNDATION, WHO HAS THE AUTHORITY TO ELECT MEMBERS TO THE GOVERNING BODY OF KWI. FORM 990, PART VI, SECTION A, LINE 7B GOVERNANCE DECISIONS ALL DECISIONS THAT HAVE A MATERIAL IMPACT TO KWI'S FINANCIAL INFORMATION OR CORPORATION AS A WHOLE ARE SUBJECT TO APPROVAL BY ITS SOLE CORPORATE MEMBER, KNOWLEDGEWORKS FOUNDATION. FORM 990, PART VI, SECTION B, LINE 11B PROCESS TO REVIEW THE FORM 990 AFTER COMPLETION BY THE PREPARER, THE DRAFT FORM 990 IS REVIEWED BY THE ACCOUNTING DIRECTOR AND COO/VP OF FINANCE. THE FINAL DRAFT OF THE FORM 990 IS REVIEWED WITH THE AUDIT COMMITTEE. AFTER IT RECEIVES THE APPROVAL OF THE AUDIT COMMITTEE, THE FINAL FORM 990 IS DISTRIBUTED TO ALL MEMBERS OF THE BOARD OF DIRECTORS BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C MONITORING AND ENFORCEMENT OF COMPLIANCE ON AN ANNUAL BASIS A CONFLICT OF INTEREST QUESTIONNAIRE IS COMPLETED BY DIRECTORS AND OFFICERS AND REVIEWED BY MANAGEMENT. ITEMS REPORTED ARE DISCUSSED WITH LEGAL COUNSEL, WHO ADVISES MANAGEMENT AND THE BOARD OF ANY REQUIRED ACTIONS. THE CONFLICTS OF INTEREST POLICY IS DISTRIBUTED WITH THE ANNUAL QUESTIONNAIRE AND IS ALSO ACCESSIBLE ON THE SECURE DIRECTOR'S PORTION OF THE FOUNDATION'S WEBSITE. DIRECTOR'S PORTION OF THE FOUNDATION'S WEBSITE. FORM 990, PART VI, SECTION B, LINE 15 PROCESS FOR DETERMINING COMPENSATION The officers are not compensated by KWI. Their compensation is determined by the Compensation Committee of the parent company, KnowledgeWorks Foundation, who employs those individuals. The compensation of the CEO, other officers, and key employees are set by the Compensation Committee of the KnowledgeWorks' Board of Directors utilizing a compensation study performed by an independent compensation consulting firm comparing similar positions in similar organizations, including review of Form 990s for other organizations. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS THE CONSOLIDATED FINANCIAL STATEMENTS OF KWI AND ITS PARENT COMPANY, KNOWLEDGEWORKS FOUNDATION, ARE AVAILABLE ON THE KNOWLEDGEWORKS FOUNDATION WEBSITE. KWI'S FORM 990, FORM 990-T, GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9 OTHER CHANGES TO NET ASSETS TRANSFER TO KNOWLEDGEWORKS FOUNDATION FOR FUNDING OF OPERATIONS: $(7,740,153) KNOWLEDGEWORKS FOUNDATION 312 PLUM STREET SUITE 950 CINCINNATI OH 45202 311321973 EDUCATION OH 501(C)(3) 10 NA false false false false false false false false false false false false false true true false true false true false KNOWLEDGEWORKS FOUNDATION M 9288 ACTUAL COST KNOWLEDGEWORKS FOUNDATION N 966 ALLOCATED COST KNOWLEDGEWORKS FOUNDATION P 42702 ACTUAL KWI EXP KNOWLEDGEWORKS FOUNDATION R 7740153 ACTUAL CASH TRF