2025-08-14T08:52:14-04:00 2024-09-30 PwC US Tax LLP 655 NEW YORK AVE NW SUITE 1100 WASHINGTON DC 20001 990 2023-10-01 135266605 INVESTMENT COMPANY INSTITUTE % MARK DELCOCO INVE 2023265800 1401 H STREET NW WASHINGTON DC 20005 MARK DELCOCO CFO 2023265800 2025-08-11 true true MICHAEL D HOFFMAN P01345551 2024141000 2025-08-07 2023 2025-03-06 01:10:19Z ERIC PAN 1401 H STREET NW WASHINGTON DC 20005 109341860 false X WWW.ICI.ORG X 1941 DE SEE SCHEDULE O 60 60 194 60 0 0 73033661 69015360 6232848 7313868 3424885 5426583 1444769 1418687 84136163 83174498 200000 180000 0 0 48084331 53667430 0 0 0 28846517 30347191 77130848 84194621 7005315 -1020123 148674197 146403728 85573922 85192580 63100275 61211148 X TO STRENGTHEN THE FOUNDATION OF THE ASSET MANAGEMENT INDUSTRY FOR THE ULTIMATE BENEFIT OF THE LONG-TERM INDIVIDUAL INVESTOR. MEMBERS INCLUDE MUTUAL FUNDS, EXCHANGE-TRADED FUNDS (ETFS), CLOSED-END FUNDS, AND UNIT INVESTMENT TRUSTS (UITS) IN THE UNITED STATES, AND SIMILAR FUNDS OFFERED TO INVESTORS IN EUROPE, ASIA AND OTHER JURISDICTIONS. false false PUBLIC POLICY ISSUES - ICI ADVANCES THE INTERESTS OF INVESTMENT COMPANIES, THEIR SHAREHOLDERS, DIRECTORS, AND INVESTMENT ADVISERS BY SUPPORTING EFFECTIVE LEGISLATION AND REGULATION. TO SECURE PUBLIC POLICY OBJECTIVES, ICI REPRESENTS THE FUND INDUSTRY AND ITS SHAREHOLDERS BEFORE CONGRESS, THE SECURITIES AND EXCHANGE COMMISSION, AND OTHER REGULATORY AGENCIES, AS WELL AS STATE AND FOREIGN REGULATORS. RESEARCH - ICI IS THE PRIMARY SOURCE FOR STATISTICAL DATA AND RESEARCH ON INVESTORS AND RETIREMENT PLANS IN THE INVESTMENT COMPANY INDUSTRY. ICI RESEARCH EXAMINES SUCH TOPICS AS THE RETIREMENT MARKET, SHAREHOLDER DEMOGRAPHICS, TRENDS IN SHAREHOLDER OWNERSHIP, FUND FEES AND EXPENSES, AND THE INDUSTRY'S ROLE IN FOREIGN MARKETS. STRATEGIC COMMUNICATIONS - ICI OFFERS A WIDE RANGE OF RESOURCES TO THE MEDIA, INCLUDING NEWS RELEASES, BACKGROUND INFORMATION ON THE FUND INDUSTRY, TESTIMONY BEFORE LEGISLATORS AND REGULATORS, SPEECHES AT CONFERENCES AND COMMENT LETTERS EXPRESSING INDUSTRY OPINIONS ON REGULATORY PROPOSALS. ICI ALSO PROVIDES REGULAR STATISTICAL RELEASES AND RESEARCH CONCERNING THE INDUSTRY AND ITS SHAREHOLDERS. false false false true false false false false false true false false true true true false true false true true false false false false false false true false true false false false false false false false false false false false true true true false true 82 0 194 true false true BE UK false false true true false true false X 60 60 true false true false true true true true true false false true true true true true true true true false DC VA X MARK DELCOCO 2023265974 1401 H STREET NW WASHINGTON DC 20005 ERIC J PAN PRESIDENT & CEO 40.0 1.0 X 3128037 0 78748 SUSAN M OLSON GENERAL COUNSEL THRU 06/24 40.0 0.0 X 1086498 0 67274 DONALD C AUERBACH CHIEF OPERATING OFFICER 40.0 0.0 X 980941 0 65460 MICHAEL N PEDRONI CHIEF GLOBAL AFFAIRS OFFICER 40.0 0.0 X 820371 0 78748 JOHN G EMLING CHIEF GOVT. AFFAIRS OFFICER 40.0 0.0 X 744402 0 75475 SEAN S COLLINS CHIEF ECONOMIST 40.0 0.0 X 650587 0 75335 DOROTHY M DONOHUE DEPUTY GENERAL COUNSEL 40.0 0.0 X 633358 0 77700 SARAH A BESSIN DEPUTY GENERAL COUNSEL 40.0 0.0 X 616902 0 65445 ERICA E RICHARDSON CHIEF STRATEGIC COMM. OFFICER 40.0 0.0 X 614091 0 67104 RACHEL H GRAHAM SECRETARY 40.0 0.0 X 500841 0 78748 MARK A DELCOCO CFO/TREASURER 40.0 1.0 X 397776 0 78748 GEORGE H WALKER CHAIR 2.0 0.25 X 0 0 0 YIE-HSIN HUNG VICE-CHAIR 2.0 0.0 X 0 0 0 OMAR AGUILAR MEMBER 1.0 0.0 X 0 0 0 ANDREW G ARNOTT MEMBER 1.0 0.0 X 0 0 0 GEORGE AYLWARD MEMBER 1.0 0.0 X 0 0 0 KATHLEEN T BARR MEMBER 2.0 0.0 X 0 0 0 SETH P BERNSTEIN MEMBER 1.0 0.0 X 0 0 0 KAMAL BHATIA MEMBER 1.0 0.0 X 0 0 0 STEPHANIE G BRAMING MEMBER 1.0 0.0 X 0 0 0 HEATHER E BRILLIANT MEMBER 1.0 0.0 X 0 0 0 MORTIMER J BUCKLEY MEMBER 2.0 0.0 X 0 0 0 PAMELA CARLTON MEMBER 1.0 0.0 X 0 0 0 JANE K CARTEN MEMBER 1.0 0.0 X 0 0 0 GALE K CARUSO MEMBER 1.0 0.0 X 0 0 0 JAMES E DAVEY MEMBER 1.0 0.0 X 0 0 0 DAVID DIPETRILLO MEMBER 1.0 0.0 X 0 0 0 WILLIAM EBSWORTH MEMBER 1.0 0.0 X 0 0 0 DANIEL GAMBA MEMBER 1.0 0.0 X 0 0 0 GEORGE C W GATCH MEMBER 2.0 0.25 X 0 0 0 CAROL GEREMIA MEMBER 1.0 0.0 X 0 0 0 PETER J GERMAIN MEMBER 1.0 0.0 X 0 0 0 DAVID L GIUNTA MEMBER 1.0 0.0 X 0 0 0 DIANA HERRMANN MEMBER 1.0 0.0 X 0 0 0 RYAN HICKE MEMBER 1.0 0.0 X 0 0 0 MELLODY HOBSON MEMBER 2.0 0.0 X 0 0 0 CYNTHIA HOSTETLER MEMBER 1.0 0.0 X 0 0 0 BEN HUNEKE MEMBER 1.0 0.0 X 0 0 0 NAIM ABOU-JAOUDE MEMBER 1.0 0.0 X 0 0 0 GREGORY E JOHNSON MEMBER 2.0 0.0 X 0 0 0 JAMES L JOHNSON JR MEMBER 2.0 0.0 X 0 0 0 LISA M JONES MEMBER 1.0 0.0 X 0 0 0 JOANNA F JONSSON MEMBER 2.0 0.0 X 0 0 0 THOMAS C KERSTING MEMBER 1.0 0.0 X 0 0 0 KATHYRN KOCH MEMBER 2.0 0.0 X 0 0 0 SHAWN K LYTLE MEMBER 2.0 0.0 X 0 0 0 MEHDI MAHMUD MEMBER 1.0 0.0 X 0 0 0 JAMES MCNAMARA MEMBER 2.0 0.0 X 0 0 0 MICHAEL A MENDELSON MEMBER 1.0 0.0 X 0 0 0 MARK D NERUD MEMBER 1.0 0.0 X 0 0 0 CATHERINE L NEWELL MEMBER 1.0 0.0 X 0 0 0 DAVID OESTREICHER MEMBER 2.0 0.0 X 0 0 0 STEVEN J PAGGIOLI MEMBER 1.0 0.0 X 0 0 0 STUART S PARKER MEMBER 2.0 0.0 X 0 0 0 CYNTHIA R PLOUCHE MEMBER 2.0 0.0 X 0 0 0 KARLA RABUSCH MEMBER 1.0 0.0 X 0 0 0 KRISTI L ROWSELL MEMBER 1.0 0.0 X 0 0 0 ANDREW R SCHLOSSBERG MEMBER 2.0 0.0 X 0 0 0 DOUGLAS B SIEG MEMBER 2.0 0.0 X 0 0 0 KRISTI SLAVIN MEMBER 1.0 0.0 X 0 0 0 MARTIN SMALL MEMBER 1.0 0.0 X 0 0 0 MARIJN P SMIT MEMBER 1.0 0.0 X 0 0 0 PETER G STRELOW MEMBER 2.0 0.0 X 0 0 0 WILLIAM W STRICKLAND JR MEMBER 1.0 0.0 X 0 0 0 JOSEPH SULLIVAN MEMBER 1.0 0.0 X 0 0 0 GARY TENKMAN MEMBER 1.0 0.0 X 0 0 0 JONATHAN S THOMAS MEMBER 1.0 0.0 X 0 0 0 GARRETT THORNBURG MEMBER 1.0 0.0 X 0 0 0 RONALD E TOUPIN JR MEMBER 1.0 0.0 X 0 0 0 WILLIAM F TRUSCOTT MEMBER 2.0 0.0 X 0 0 0 DAWN VROEGOP MEMBER 1.0 0.25 X 0 0 0 PAUL CELLUPICA GENERAL COUNSEL AS OF 06/24 40.0 0.0 X 0 0 0 10173804 0 808785 102 false true false ENDLESS EVENTS 11201 N TATUM BLVD STE 300 82963 PHOENIX AZ 85028 EVENT MANAGEMENT 1539961 CENERO LLC 1150 ATWATER DRIVE MALVERN PA 19355 AUDIO VISUAL 694344 WILLIAMS CONNOLLY LLP 680 MAINE AVENUE SW WASHINGTON DC 20024 LEGAL SERVICES 639474 BGR GOVERNMENT AFFAIRS LLC PO BOX 14416 WASHINGTON DC 20044 LOBBYING/CONSULTING 444516 PRICEWATERHOUSECOOPERS LLP 4040 W BOY SCOUT BLVD TAMPA FL 33607 AUDIT/CONSULTING 418290 28 69015360 69015360 CONFERENCE & WORKSHOPS 900099 5414397 5414397 FEE BASED BUSINESS INCOME 900099 1026519 1026519 SUBSCRIPTION SERVICES 900099 872952 872952 7313868 5424801 5424801 0 804028 804028 544274 544274 0 544274 544274 26169144 26167362 1782 1782 1782 0 0 0 0 0 0 0 0 0 MISCELLANEOUS INCOME 900099 70385 70385 70385 83174498 7384253 0 6774885 180000 0 0 0 5821502 0 35528800 4998975 4934299 2383854 0 2501138 324110 2115310 0 0 0 0 674028 2810930 0 4614807 1242616 0 7063921 0 0 1514583 315581 LOBBY PROXY TAX 1160843 RESEARCH INFORMATION SERVICES 1108286 UNRELATED BUSINESS INC. TAX 181 EXCISE TAX 469663 4431194 84194621 1607806 1018925 0 0 0 0 2248884 2541004 0 0 0 0 0 0 0 0 3440568 3230111 18122664 4768305 13898196 13354359 81642757 83367329 0 0 0 0 0 0 45835986 42892000 148674197 146403728 23283369 26408456 0 0 1320450 1257144 0 0 0 0 0 0 0 0 0 0 60970103 57526980 85573922 85192580 X 63100275 61211148 0 0 63100275 61211148 148674197 146403728 X -1020123 1930233 -2799237 X false true X true false false false false 69015360 5527821 5527821 5527821 10574122 1038223 9535899 7548542 3730082 3818460 13354359 LEASE RIGHT OF USE ASSETS 39450167 OTHER ASSETS 3441833 42892000 0 LEASE LIABILITIES 57526980 57526980 X 85104731 1930233 1930233 83174498 83174498 84194621 84194621 84194621 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 OF 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, 2024. Europe (Including Iceland and Greenland) 2 6 Program Services SEE PART V 3168806 2 6 2 6 3168806 3168806 false false false false false false PART I, LINE 3, COLUMN (E): ICI GLOBAL SEEKS TO ADVANCE THE COMMON INTERESTS AND PROMOTE PUBLIC UNDERSTANDING OF GLOBAL INVESTMENT FUNDS, THEIR MANAGERS, AND INVESTORS. true ICI EDUCATION FOUNDATION 1401 H STREET NW WASHINGTON DC 20005 521659777 501(C)(3) 180000 NONE NONE RELATED ORGANIZATION 1 SCHEDULE I, LINE 1: THE ICI EDUCATION FOUNDATION WAS FOUNDED BY THE INVESTMENT COMPANY INSTITUTE IN 1989, AND THE INSTITUTE PREPARES AND MONITORS THE FOUNDATION'S BUDGET. X true true X X X X X false false false ERIC J PAN PRESIDENT & CEO 1473341 0 1630720 0 23976 0 39600 0 39148 0 3206785 0 0 0 SUSAN M OLSON GENERAL COUNSEL THRU 06/24 769892 0 304000 0 12606 0 39600 0 27674 0 1153772 0 0 0 DONALD C AUERBACH CHIEF OPERATING OFFICER 686244 0 270000 0 24697 0 39600 0 25860 0 1046401 0 0 0 MICHAEL N PEDRONI CHIEF GLOBAL AFFAIRS OFFICER 629737 0 167000 0 23634 0 39600 0 39148 0 899119 0 0 0 JOHN G EMLING CHIEF GOVT. AFFAIRS OFFICER 579897 0 141000 0 23505 0 39600 0 35875 0 819877 0 0 0 SEAN S COLLINS CHIEF ECONOMIST 450321 0 185000 0 15266 0 39600 0 35735 0 725922 0 0 0 DOROTHY M DONOHUE DEPUTY GENERAL COUNSEL 481802 0 140000 0 11556 0 39600 0 38100 0 711058 0 0 0 SARAH A BESSIN DEPUTY GENERAL COUNSEL 436433 0 176000 0 4469 0 39600 0 25845 0 682347 0 0 0 ERICA E RICHARDSON CHIEF STRATEGIC COMM. OFFICER 421497 0 173000 0 19594 0 39600 0 27504 0 681195 0 0 0 RACHEL H GRAHAM SECRETARY 404244 0 90000 0 6597 0 39600 0 39148 0 579589 0 0 0 MARK A DELCOCO CFO/TREASURER 321988 0 67000 0 8788 0 39600 0 39148 0 476524 0 0 0 SCHEDULE J, LINE 1A: PERSONAL SERVICES: THE ONLY PERSONAL SERVICE THAT IS PROVIDED IS FINANCIAL PLANNING TO ERIC J. PAN, DONALD C. AUERBACH, MICHAEL N. PEDRONI, JOHN G. EMLING, AND ERICA E. RICHARDSON. THIS AMOUNT IS INCLUDED IN TAXABLE INCOME. PART I, LINE 1 TO STRENGTHEN THE FOUNDATION OF THE ASSET MANAGEMENT INDUSTRY FOR THE ULTIMATE BENEFIT OF THE LONG-TERM INDIVIDUAL INVESTOR. MEMBERS INCLUDE MUTUAL FUNDS, EXCHANGE-TRADED FUNDS (ETFS), CLOSED-END FUNDS, AND UNIT INVESTMENT TRUSTS (UITS) IN THE UNITED STATES, AND SIMILAR FUNDS OFFERED TO INVESTORS IN EUROPE, ASIA AND OTHER JURISDICTIONS. PART VI, LINE 2 THE FOLLOWING BOARD MEMBERS HAVE BUSINESS RELATIONSHIPS BY SERVING TOGETHER ON THE SAME MUTUAL FUND BOARD: KARLA RABUSCH AND DOUGLAS SIEG; KATHLEEN BARR AND STEVEN PAGGIOLI; KATHLEEN BARR AND STEPHANIE BRAMING. THE FOLLOWING BOARD MEMBERS AND OFFICERS HAVE A BUSINESS RELATIONSHIP BY SERVING TOGETHER ON THE ICI MUTUAL BOARD OF DIRECTORS: DAVID OESTREICHER, ERIC J. PAN AND GEORGE H. WALKER. PART VI, LINE 4 THE INSTITUTE'S BY-LAWS WERE CHANGED TO ADD AN INDIVIDUAL MEMBER DIVISION AND AN AFFILIATE MEMBER CATEGORY. IN ADDITION, BUSINESS DEVELOPMENT COMPANIES WERE ADDED TO THE DEFINITION OF A CLOSED-END INVESTMENT COMPANY MEMBER. PART VI, LINE 6 THE INVESTMENT COMPANY INSTITUTE ("THE INSTITUTE") IS ORGANIZED INTO SEVEN MEMBERSHIP DIVISIONS: THE OPEN-END INVESTMENT COMPANY DIVISION, THE CLOSED-END INVESTMENT COMPANY DIVISION, THE INVESTMENT ADVISER DIVISION, THE UNDERWRITER DIVISION, THE UNIT INVESTMENT TRUST DIVISION, THE GLOBAL DIVISION, AND THE INDIVIDUAL MEMBER DIVISION. EACH MEMBER OF THE OPEN-END INVESTMENT COMPANY DIVISION, THE CLOSED-END COMPANY DIVISION, THE UNIT INVESTMENT TRUST DIVISION, AND THE GLOBAL DIVISION IS ENTITLED TO ONE VOTE WITH RESPECT TO MATTERS AFFECTING ITS DIVISION, AND ONE VOTE WITH RESPECT TO MATTERS AFFECTING THE CORPORATION AS A WHOLE. EACH GROUP OF MEMBERS FROM THE INVESTMENT ADVISER DIVISION AND THE UNDERWRITER DIVISION, THE MEMBERS OF WHICH GROUPS ARE UNDER COMMON CONTROL, COLLECTIVELY ARE ENTITLED TO ONE VOTE WITH RESPECT TO MATTERS INVOLVING ITS OWN DIVISION AND ONE VOTE WITH RESPECT TO MATTERS INVOLVING THE CORPORATION AS A WHOLE. PART VI, LINES 7A AND 7B MEMBERS OF THE INSTITUTE MEET ANNUALLY FOR THE PURPOSE OF ELECTING GOVERNORS TO SERVE ON THE INSTITUTE'S BOARD. THE NOMINATING COMMITTEE OF THE BOARD OF GOVERNORS PROPOSES NOMINEES FOR ELECTION AS GOVERNORS AT THE ANNUAL MEETING. MEMBERS APPROVE THE ELECTION OF THE NOMINEES TO THE BOARD. PART VI, LINE 11B INSTITUTE MANAGEMENT AND AN EXTERNAL TAX ADVISER, PRICEWATERHOUSECOOPERS, REVIEW THE FORM 990 BEFORE IT IS PRESENTED TO THE ICI AUDIT COMMITTEE FOR REVIEW AND APPROVAL. AFTER THE AUDIT COMMITTEE'S APPROVAL, ICI PROVIDES A COMPLETE COPY OF THE FORM 990 TO ALL MEMBERS OF ITS BOARD OF GOVERNORS BEFORE FILING THE FORM. PART VI, LINE 12C ANNUALLY, EMPLOYEES ARE REQUIRED TO SIGN AN ACKNOWLEDGEMENT FORM INDICATING THAT THEY HAVE READ AND UNDERSTAND THE INSTITUTE'S CONFLICT OF INTEREST POLICY. IN ADDITION, AND IN ORDER TO PROACTIVELY ADDRESS ANY POTENTIAL CONFLICTS OF INTEREST THAT MAY RESULT IN A MATERIALLY FINANCIAL BENEFIT, INSTITUTE BOARD MEMBERS, OFFICERS, KEY EMPLOYEES AND OTHER SELECTED SENIOR STAFF ARE REQUIRED TO ANNUALLY COMPLETE AND SUBMIT A DISCLOSURE FORM INDICATING WHETHER THEY OR THEIR FAMILY MEMBERS HAVE ANY OUTSIDE INTERESTS, ACTIVITIES, TRANSACTIONS, OR RELATIONSHIPS WHICH MAY CONSTITUTE A CONFLICT OF INTEREST. IF IT IS DETERMINED THAT A CONFLICT EXISTS THAT MATERIALLY AND ADVERSELY AFFECTS THE INTERESTS OF THE INSTITUTE, SUBSEQUENT ACTION MAY BE TAKEN SUCH AS RECUSING THE INDIVIDUAL FROM PARTICIPATION IN RELATED DISCUSSIONS OR DECISIONS WITHIN THE INSTITUTE, OR REQUESTING THE INDIVIDUAL'S RESIGNATION. IT MAY ALSO BE DETERMINED THAT NO ACTION IS NECESSARY AS THE CONFLICT IS UNLIKELY TO AFFECT THE INDIVIDUAL'S ABILITY TO ACT IN THE BEST INTERESTS OF THE INSTITUTE. PART VI, LINES 15A AND 15B COMPENSATION FOR THE PRESIDENT & CEO, OFFICERS AND OTHER SENIOR STAFF IS REVIEWED AND APPROVED ANNUALLY BY THE COMPENSATION COMMITTEE ELECTED BY THE BOARD OF GOVERNORS. PRIOR TO MAKING ANY DECISIONS, COMPENSATION IS BENCHMARKED AGAINST EXTERNAL SURVEY DATA FOR COMPARABLE POSITIONS, INCLUDING DATA FROM NON-PROFIT SURVEYS, IRS FORM 990'S AND INDUSTRY SURVEYS. COMPENSATION IS ALSO DETERMINED IN CONSIDERATION OF INDIVIDUAL AND INSTITUTE PERFORMANCE AGAINST GOALS.THE COMPENSATION COMMITTEE AND THE INSTITUTE MAY ALSO PERIODICALLY RETAIN THE SERVICES OF AN INDEPENDENT COMPENSATION CONSULTANT TO ADDRESS EXECUTIVE COMPENSATION. RECOMMENDATIONS FOR THE PRESIDENT & CEO AND OTHER KEY STAFF ARE ALSO PRESENTED TO, AND APPROVED BY, THE EXECUTIVE COMMITTEE OF THE BOARD OF GOVERNORS. CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATIONS, DECISIONS AND ACTIONS OF THE COMPENSATION COMMITTEE AND THE EXECUTIVE COMMITTEE ARE DOCUMENTED IN THE MINUTES OF EACH COMMITTEE AND IN RECORDS MAINTAINED BY THE HUMAN RESOURCES DEPARTMENT. PART VI, LINE 19 THE INSTITUTE'S FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICY ARE NOT MADE AVAILABLE TO THE PUBLIC. LINE XI, LINE 9 ACTUARIAL PENSION/POSTRETIREMENT PLAN GAIN $ (2,316,518) LOSS ON FOREIGN CURRENCY TRANSLATION $ (85,942) OTHER COMPONENTS OF NET PERIODIC COST $ (396,777) ICI EDUCATION FOUNDATION 1401 H STREET NW WASHINGTON DC 20005 521659777 INV EDUCATION DE 501(c)(3) 12A ICI true ICI POLITICAL ACTION COMMITTEE 1401 H STREET NW WASHINGTON DC 20005 521539838 PAC DE 527 N/A ICI true false true false false false false false false false false false false false true true true true false false ICI EDUCATION FOUNDATION B 180000 CASH