2021-11-15T20:51:27-06:00 2020-12-31 BDO USA LLP 8401 GREENSBORO DRIVE 800 MCLEAN VA 22102 990 2020-01-01 540505959 Thomas Jefferson Foundation Inc % LAURA B TERRY THOM 4349849800 PO Box 316 Charlottesville VA 22902 Laura B Terry VP & CFO 4349849859 2021-11-12 true Laura B Terry 999009999 Marc Berger P01871563 7038930600 2 2020 2022-09-23 18:48:47Z Leslie Greene Bowman PO Box 316 Charlottesville VA 22902 284199878 false X www.monticello.org X 1923 VA THE THOMAS JEFFERSON FOUNDATION'S MISSION IS TO PRESERVE MONTICELLO AND EDUCATE THE WIDEST AUDIENCE REGARDING THOMAS JEFFERSON INCLUDING SCHOLARS AND THE GENERAL PUBLIC. 16 16 399 72 252385 0 5886054 5645824 9677322 3449927 48156097 45698950 5653392 6066448 69372865 60861149 217976 77248 0 0 15663784 14932397 64800 0 867896 15731584 15444721 31678144 30454366 37694721 30406783 344308811 377889217 37015622 41319808 307293189 336569409 X THE THOMAS JEFFERSON FOUNDATION'S MISSION IS TWO-FOLD: PRESERVATION - TO CONSERVE, PROTECT, AND MAINTAIN MONTICELLO IN A MANNER THAT LEAVES IT ENHANCED AND UNIMPAIRED FOR FUTURE GENERATIONS AND EDUCATION - TO INTERPRET AND PRESENT THOMAS JEFFERSON TO THE WIDEST POSSIBLE AUDIENCES, INCLUDING SCHOLARS AND THE GENERAL PUBLIC. THE FOUNDATION'S TWENTY-FIRST CENTURY VISION IS TO BRING HISTORY FORWARD INTO NATIONAL AND GLOBAL DIALOGUES. false false 20059002 6248 9356723 THE THOMAS JEFFERSON FOUNDATION OPERATES MONTICELLO, THE HOME OF THE NATION'S THIRD PRESIDENT AND AUTHOR OF THE AMERICAN DECLARATION OF INDEPENDENCE. OVER THE PAST TEN YEARS, ANNUAL ATTENDANCE HAS AVERAGED JUST OVER 400,000. TO COMPLY WITH STATE MANDATED GUIDELINES TO SLOW THE SPREAD OF CORONAVIRUS (COVID-19), THE FOUNDATION CLOSED TO THE PUBLIC ON MARCH 16, 2020. CHANGES TO THE STATE MANDATE ALLOWED THE FOUNDATION TO REOPEN ON JUNE 14, 2020 WITH LIMITED DAILY CAPACITIES THROUGH DECEMBER 31, 2020. CLOSURE AND REDUCED CAPACITIES LOWERED ATTENDANCE FOR 2020 TO 129,000 VISITORS, DOWN FROM 390,000 IN 2019. ADMISSION INCLUDES AN INTERPRETIVE GUIDED TOUR OF HIS HOME, ONE OF OUR COUNTRY'S FOREMOST ARCHITECTURAL MASTERPIECES AND THE ONLY HOME IN AMERICA NAMED TO THE UNITED NATIONS WORLD HERITAGE LIST. IN ADDITION TO ADMISSION REVENUE, THE ABOVE TOTAL ALSO INCLUDES GIFTS AND GRANTS, AND SALES FROM THE RETAIL OPERATIONS OF THE MUSEUM SHOPS, CATALOG, AND ONLINE STORE. THE REVENUE CONTRIBUTES TO THE PRESERVATION OF MONTICELLO FOR FUTURE GENERATIONS, WHICH IS ONE OF THE MISSIONS OF THE FOUNDATION. THE FOUNDATION'S RESTORATION DEPARTMENT IS DEDICATED TO THE ARCHITECTURAL PRESERVATION OF THE UNITED NATIONS WORLD HERITAGE HOUSE WHILE THE CURATORIAL COLLECTIONS ARE UNDER THE CARE OF A FULL-TIME CURATORIAL DEPARTMENT. 3324735 71000 0 THE THOMAS JEFFERSON FOUNDATION OPERATES THE ROBERT H. SMITH INTERNATIONAL CENTER FOR JEFFERSON STUDIES, WHICH HOUSES THE THOMAS JEFFERSON LIBRARY. THE CENTER IS ALSO DEVOTED TO EDUCATION OF THE GENERAL PUBLIC AS WELL AS SCHOLARLY RESEARCH AND PUBLICATION, THROUGH THE JEFFERSON LIBRARY, ARCHAEOLOGICAL RESEARCH AND PUBLICATION, AND OTHER ADULT EDUCATION PROGRAMS. THE ROBERT H. SMITH INTERNATIONAL CENTER FOR JEFFERSON STUDIES ALSO IS RESPONSIBLE FOR THE RESEARCH AND PUBLICATION OF 24 TJ Papers VOLUMES OF RESEARCH, THE PAPERS OF THOMAS JEFFERSON, EMBRACING THE PERIOD FROM JEFFERSON'S RETIREMENT FROM THE PRESIDENCY IN MARCH 1809 UNTIL HIS DEATH IN 1826, KNOWN AS THE "RETIREMENT SERIES". 23383737 true true false false false false false true false true true true false false true true true false false false true false true false false false false true true true true false false false false false false false false false false true true false false false false false false false true 41 0 true 399 true true true false false false false false false false false false false false X 16 16 false false false false false false false true true false false true true true true true true true true false AL AK AR CA CO CT DC FL GA HI IL KS KY ME MD MA MI MN MS MO NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI X LAURA B TERRY 4349849859 1050 MONTICELLO LOOP ROAD Charlottesville VA 22902 X LESLIE GREENE BOWMAN PRESIDENT 50.0 0.0 X 494769 0 98475 LAURA B TERRY VICE PRESIDENT & CFO 50.0 0.0 X 276268 0 29003 ANDREW J O'SHAUGHNESSY VICE PRESIDENT & SAUNDERS DIR 50.0 0.0 X 175666 0 29425 GARY L SANDLING VICE PRESIDENT OF VISITOR SERV 50.0 0.0 X 177777 0 11452 JOHN J LOONEY EDITOR, THOMAS JEFFERSON PAPER 50.0 0.0 X 143434 0 23149 SHARON L MCELROY DIRECTOR OF RETAIL SALES 50.0 0.0 X 137850 0 14937 ANDREW HUFF DIRECTOR OF IT 50.0 0.0 X 127068 0 20051 MARY BLAIR ZAKAIB DIRECTOR OF ENGAGEMENT 50.0 0.0 X 129449 0 16661 PETER G HALLOCK VP, ARCHITECTURE & FAC 50.0 0.0 X 128326 0 16989 ANN H TAYLOR FORMER EXECUTIVE VP 0.0 0.0 X 86238 0 28567 JON MEACHAM CHAIRMAN 5.0 0.0 X X 0 0 0 MELODY BARNES VICE CHAIRMAN 1.0 0.0 X X 0 0 0 MOLLY HARDIE SECRETARY 1.0 0.0 X X 0 0 0 JOHN H BIRDSALL III TRUSTEE 1.0 0.0 X 0 0 0 DR LD BRITT MD TRUSTEE 1.0 0.0 X 0 0 0 PETER COOLIDGE TRUSTEE 1.0 0.0 X 0 0 0 TOBIAS DENGEL TRUSTEE 1.0 0.0 X 0 0 0 JOSEPH ERDMAN TRUSTEE 1.0 0.0 X 0 0 0 ANNETTE GORDON-REED TRUSTEE 1.0 0.0 X 0 0 0 DAVID C LANDIN TRUSTEE 1.0 0.0 X 0 0 0 E CHARLES LONGLEY JR TRUSTEE 1.0 0.0 X 0 0 0 CHARLOTTE MOSS TRUSTEE 1.0 0.0 X 0 0 0 SARAH PEROT TRUSTEE 1.0 0.0 X 0 0 0 PAMELA REYNOLDS TRUSTEE 1.0 0.0 X 0 0 0 GILBERT P SCHAFER III TRUSTEE 1.0 0.0 X 0 0 0 WILLIAM H WALTON III TRUSTEE 1.0 0.0 X 0 0 0 1876845 0 288709 16 true true false PROGRESS PRINTING 2677 WATERLICK ROAD LYNCHBURG VA 24502 PRINTING 491706 GOOGLE INC 1600 Amphitheatre Parkway MOUNTAIN VIEW CA 94043 Marketing & data 379938 Brand Building Communications LLC PO Box 906 Times Square Station NEW YORK NY 10108 Media relations 313064 Render Union LLC PO Box 997 PARK CITY UT 84060 Retail consulting 245114 Hercules Fence 1526 Early Street NORFOLK VA 23502 Construction 168981 10 348897 5296927 997569 5645824 ADMISSION FEES 900099 3106078 3106078 OTHER PROGRAM INCOME 900099 184197 184197 FOOD SERVICE SALES 453220 159652 159652 3449927 595906 595906 0 20545 20545 66050 66050 0 66050 66050 264311131 219208087 45103044 45103044 45103044 0 0 0 0 0 0 10110495 4130642 5979853 5727468 252385 0 60861149 9104338 252385 45858602 12000 12000 62248 62248 3000 3000 0 1292835 534745 758090 0 10973877 9613797 856675 503405 497529 446148 31788 19593 1295461 1137358 111637 46466 872695 743713 91285 37697 0 119824 43421 65008 11395 136422 136422 0 0 1191709 1191709 1684205 1448898 165558 69749 996676 996676 1470803 1374785 56051 39967 824809 663917 114297 46595 237 237 566924 421806 141093 4025 184696 169023 9344 6329 0 11779 11410 219 150 1155958 1155958 0 3718900 2762377 930165 26358 346944 346944 SHIPPING AND HANDLING 1012436 1012436 PRINTING AND PUBLICATIONS 895172 849394 16363 29415 EQUIPMENT RENTAL 845471 830032 12859 2580 CONSERVATION AND COLLECTIONS 193057 193057 88699 53259 11268 24172 30454366 23383737 6202733 867896 0 0 4106895 5489551 2396589 1492056 134053 361860 0 0 0 0 0 0 2299239 1968291 785319 761909 109407800 42554399 70086094 66853401 40433096 28956160 223567402 271679623 0 0 0 0 500124 326366 344308811 377889217 3192259 3426349 0 0 0 0 29746000 29746000 0 0 0 0 0 0 0 2837365 4077363 5310094 37015622 41319808 X 188777707 202645900 118515482 133923509 307293189 336569409 344308811 377889217 X 30406783 218486 -1349049 X false true X true false X 9491316 8384064 6453563 5886054 5645824 35860821 0 0 9491316 8384064 6453563 5886054 5645824 35860821 3337703 32523118 1070060 991739 1066395 1044574 682501 4855269 0 113308 108007 141656 142215 159652 664838 41380928 88154965 0.78595 0.78000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X false 239173327 357049 41446305 8491970 272484711 192868417 2529705 51700629 7925424 239173327 207015569 2162607 -5297247 11012512 192868417 186091436 3405418 24995923 7477208 207015569 187147943 4116922 2126976 7300405 186091436 0.61000 0.19000 0.20000 false false 14158145 14158145 69386514 24013115 45373399 821267 745193 76074 10920680 10081621 839059 14121195 7714471 6406724 66853401 PRIVATE INVESTMENT COMPANIES 253129323 F INVESTMENT RECEIVABLE 18550300 F 271679623 0 INTEREST RATE SWAP LIABILITY 4744438 ANNUITY & SPLIT-INTEREST LIABILITY 565656 5310094 X 64168982 218486 40663 4240393 4499542 59669440 1191709 1191709 60861149 33543713 40663 4240393 4281056 29262657 1191709 1191709 30454366 PART III, LINES 1A & 4: AFS FOOTNOTE 1 - HISTORIC PROPERTIES AND COLLECTIONS: THE FOUNDATION HAS ELECTED NOT TO CAPITALIZE ITS HISTORIC PROPERTIES AND COLLECTIONS. THESE COLLECTIONS ARE RELATED TO THOMAS JEFFERSON AND HIS PLANTATION HOME, MONTICELLO. THE MOST PRECIOUS ARTIFACT IN THE COLLECTION IS THE HOUSE ITSELF AND THE SURROUNDING LANDSCAPE, WHICH WERE DESIGNED BY THOMAS JEFFERSON BETWEEN 1769 AND 1809. THE CURATORIAL COLLECTIONS CHIEFLY CONSIST OF PAINTINGS, DECORATIVE ARTS AND ARTIFACTS, APPROXIMATELY 2,600 OF WHICH RELATE DIRECTLY TO THOMAS JEFFERSON AND MONTICELLO, AND ABOUT 1,900 BOOKS WITH TITLES AND EDITIONS SELECTED TO DUPLICATE JEFFERSON'S ORIGINAL LIBRARY. ABOUT 40 OF THESE VOLUMES ARE JEFFERSON'S OWN COPIES. THE FOUNDATION'S RESTORATION DEPARTMENT IS DEDICATED TO THE ARCHITECTURAL PRESERVATION OF THE HOUSE, WHILE THE CURATORIAL COLLECTIONS ARE UNDER THE CARE OF A FULL CURATORIAL DEPARTMENT. THE FOUNDATION'S COLLECTIONS ARE MAINTAINED FOR PUBLIC EXHIBITION, EDUCATION, AND RESEARCH IN ORDER TO ADVANCE UNDERSTANDING OF JEFFERSON AND MONTICELLO IN FURTHERANCE OF PUBLIC SERVICE. THE FOUNDATION'S COLLECTIONS MANAGEMENT POLICY REQUIRES THAT THE PROCEEDS FROM THE SALE OF ANY ARTIFACT FROM THE FOUNDATION'S COLLECTION WOULD BE USED TO ACQUIRE ADDITIONAL ARTIFACTS FOR THE COLLECTION. THE FOUNDATION DOES NOT RECOGNIZE THE DONATIONS OF COLLECTION ITEMS AS CONTRIBUTION INCOME, AS THE COLLECTIONS ARE NOT CAPITALIZED. PART V, LINE 4: ALL ENDOWMENT INVESTMENTS ARE CLASSIFIED AS NONCURRENT ASSETS TO RECOGNIZE THE FOUNDATION'S INTENT TO CONTINUALLY REINVEST EARNINGS AND PRESERVE PRINCIPAL EXCEPT TO THE EXTENT OF ANY ANNUAL WITHDRAWALS IN ACCORDANCE WITH THE ENDOWMENT SPENDING POLICY. THE FOUNDATION HAS A POLICY OF APPROPRIATING 5% OF THE THREE-YEAR TRAILING AVERAGE OF MARKET VALUES OF ENDOWMENT FUNDS AS OF THE PRECEDING JUNE 30. IN ESTABLISHING THIS POLICY, THE FOUNDATION CONSIDERED ITS INVESTMENT POLICY OBJECTIVE OF ATTAINING AN AVERAGE REAL RETURN OF 5%. ACCORDINGLY, OVER THE LONG TERM, THE SPENDING POLICY WILL MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT. PART X, LINE 2: The Foundation has been determined by the Internal Revenue Services (IRS) to be exempt from taxes on income derived from activities related to its exempt purpose under Section 501(c)(3) of the Internal Revenue Code and has been classified as an organization that is not a private foundation. However, the Foundation is subject to unrelated business income tax on certain activities which are unrelated to its exempt purpose. The Foundation has net operating loss carryforwards totaling approximately $4.0 million, with expirations ranging from 2021 to 2037. A 100% valuation allowance has been recorded against this deferred tax asset because it is uncertain that the loss carryforward represents a future tax benefit. In accordance with U.S. GAAP, the Foundation recognizes tax liabilities for uncertain tax positions when it is more likely than not that a tax position will not be sustained upon examination and settlement with various taxing authorities. Liabilities for uncertain tax positions are measured based upon the largest amount of benefit that is greater than 50% likely of being realized upon settlement. The guidance on accounting for uncertainty in income taxes also addresses de-recognition, classification, interest and penalties on income taxes, and accounting in interim periods. With few exceptions, the Foundation is no longer subject to income tax examinations by the U.S. federal, state or local tax authorities for years ended December 31, 2016 and prior. Management has evaluated the Foundation's tax positions and has concluded that the Foundation has taken no uncertain tax positions that require adjustment to the financial statements to comply with the provisions of this guidance. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 4,240,393 PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 4,240,393 true Central America and the Caribbean Investments 107600173 Europe (Including Iceland and Greenland) Grantmaking 3000 107603173 107603173 Fellowships - Robert H. Smith Int'l CTR Europe (Including Iceland and Greenland) 1 3000 CHECK false false false false false false PART I, LINE 2: GRANT EXPENDITURES RECEIVE AN ADDITIONAL LEVEL OF REVIEW BEFORE PAYMENT TO ENSURE THAT THE EXPENDITURE IS CONSISTENT WITH GRANT AND/OR GIFT DOCUMENTS. MONTHLY REPORTS ARE SENT TO GRANT PROGRAM PERSONNEL TO TRACK TOTAL GRANT EXPENDITURES. true University of Virginia - Dept of History 400 Ray C Hunt Dr Charlottesville VA 22904 546001796 501(C)(3) 12000 FELLOWSHIP SUPPORT FOR GRAD STUDENTS 1 FELLOWSHIPS - ROBERT H. SMITH INTL CENTER 6 56000 Education Scholarships 508 6248 PART I, LINE 2: THE ROBERT H. SMITH INTERNATIONAL CENTER FOR JEFFERSON STUDIES FELLOWSHIP AWARDS ARE MADE TO DOCTORAL CANDIDATES AND POSTDOCTORAL SCHOLARS WORKING ON THOMAS JEFFERSON RELATED OR THOMAS JEFFERSON ERA PROJECTS. MOST ARE EXPECTED TO BE IN RESIDENCE AT THE ROBERT H. SMITH INTERNATIONAL CENTER FOR JEFFERSON STUDIES, WHERE THEY HAVE ACCESS TO THE FOUNDATION'S EXPERT STAFF AND RESEARCH HOLDINGS AT THE JEFFERSON LIBRARY AS WELL AS THOSE OF THE UNIVERSITY OF VIRGINIA. POTENTIAL FELLOWS MUST SUBMIT A SUCCINCT DESCRIPTION OF THE RESEARCH PROJECT (500 WORDS), ONE-PARAGRAPH SUMMARY OF THE PROJECT AND A RESUME. AWARDS ARE MADE TWICE YEARLY. THE APPLICATIONS ARE REVIEWED BY A SELECTION COMMITTEE CONSISTING OF SEVERAL FOUNDATION STAFF MEMBERS AND PROFESSORS AT THE UNIVERSITY OF VIRGINIA HISTORY DEPARTMENT. THE FELLOWSHIP AWARDS ARE GIVEN FOR THE WORTHIEST PROPOSALS. THE MONTICELLO TEACHER INSTITUTE (MTI) FELLOWSHIP AWARDS ARE MADE TO FULL-TIME SOCIAL STUDIES TEACHERS. IN-TOWN ACCOMMODATIONS AND TRANSPORTATION ARE INCLUDED IN THE MTI FELLOWSHIP AWARD. POTENTIAL FELLOWS ARE CHOSEN BY A SELECTION COMMITTEE BASED ON EVIDENCE OF THE APPLICANT'S SUCCESS AS A TEACHER; DEMONSTRATION THAT THE FELLOWSHIP WILL RELATE TO THE TEACHING SKILLS AND NEEDS OF THE APPLICANT; AND THE COMMITMENT AND QUALIFICATIONS OF THE APPLICANT TO UNDERTAKE A CONCENTRATED STUDY RELATING TO THE LIFE AND TIMES OF THOMAS JEFFERSON, INCLUDING BASIC RESEARCH SKILLS, WRITING PROFICIENCY, AND COMPETENCY USING DIGITAL EDUCATION TOOLS AND TECHNOLOGY. PARTICIPANTS ARE ASKED TO SUBMIT A FINAL REPORT DETAILING THEIR FELLOWSHIP EXPERIENCE, AS WELL AS EDUCATIONAL MATERIALS SUITABLE FOR PUBLICATION ON MONTICELLO'S DIGITAL CLASSROOM WEBSITE. THE FOUNDATION MAINTAINS MULTIPLE CHILDREN'S EDUCATION SCHOLARSHIP FUNDS THAT PROVIDE VISITS TO MONTICELLO, INCLUDING TRANSPORTATION, FREE OF CHARGE. SOME FUNDS AWARD SCHOLARSHIPS TO SCHOOLS IN LOW-INCOME DISTRICTS WITHIN THE STATE OF VIRGINIA. ONE FUND SPECIFICALLY PROVIDES SCHOLARSHIPS FOR ELEMENTARY SCHOOL CHILDREN IN THE AREAS SURROUNDING MONTICELLO. THE PURPOSE OF THESE PROGRAMS IS TO ENRICH STUDENTS' UNDERSTANDING OF THE LIVES OF THOMAS JEFFERSON, HIS FAMILY, AND THE ENSLAVED COMMUNITY AT MONTICELLO. ADDITIONALLY, THE PROGRAMS PROVIDE VALUABLE HISTORICAL INFORMATION TO ENABLE STUDENTS TO UNDERSTAND THE BASIC VALUES, PRINCIPLES, AND OPERATION OF AMERICAN CONSTITUTIONAL DEMOCRACY. THE HISTORIC LANDSCAPE INSTITUTE OFFERS STUDENTS AN INTRODUCTION TO THE FIELDS OF LANDSCAPE HISTORY, GARDEN RESTORATION, AND HISTORICAL HORTICULTURE BY USING THE LANDSCAPES DESIGNED BY THOMAS JEFFERSON AT MONTICELLO AND THE UNIVERSITY OF VIRGINIA AS CASE STUDIES AND OUTDOOR CLASSROOMS. GETTING WORD PROMISE GRANTS PROVIDE SCHOLARSHIPS TO PROVIDE FOR CONTINUING EDUCATION (INCLUDING COLLEGE, COMMUNITY COLLEGE, AND VOCATIONAL SCHOOL) TO STUDENTS WHOSE FAMILIES HAVE BEEN PARTICIPANTS IN THE FOUNDATION'S "GETTING WORD" AFRICAN AMERICAN ORAL HISTORY PROJECT. ELIGIBILITY, AMOUNT OF AWARD, AND DURATION OF THE PROMISE GRANT SCHOLARSHIP ARE DETERMINED BY THE FOUNDATION. MONTICELLO TEACHER INSTITUTE, THE HISTORIC LANDSCAPE INSTITUTE, AND GETTING WORD PROMISE GRANT PROGRAMS DID NOT OCCUR DURING 2020 DUE TO CLOSURES RELATED TO COVID-19. X true true X X X X true true false false false false false false false LESLIE GREENE BOWMAN PRESIDENT 490539 0 0 0 4230 0 65000 0 33475 0 593244 0 0 0 LAURA B TERRY VICE PRESIDENT & CFO 276268 0 0 0 0 0 19500 0 9503 0 305271 0 0 0 ANDREW J O'SHAUGHNESSY VICE PRESIDENT & SAUNDERS DIR 175666 0 0 0 0 0 26000 0 3425 0 205091 0 0 0 GARY L SANDLING VICE PRESIDENT OF VISITOR SERV 161629 0 0 0 16148 0 11314 0 138 0 189229 0 0 0 JOHN J LOONEY EDITOR, THOMAS JEFFERSON PAPER 143434 0 0 0 0 0 12340 0 10809 0 166583 0 0 0 SHARON L MCELROY DIRECTOR OF RETAIL SALES 137619 0 0 0 231 0 13762 0 1175 0 152787 0 0 0 ANN H TAYLOR FORMER EXECUTIVE VP 75527 0 0 0 10711 0 26000 0 2567 0 114805 0 0 0 PART I, LINE 1A: THE FOUNDATION HAS A TRAVEL REIMBURSEMENT POLICY IN PLACE WHICH DETAILS TRAVEL ELIGIBLE FOR REIMBURSEMENT. ANY SUCH REQUEST MUST BE APPROVED BY THE EMPLOYEE'S SUPERVISOR. IN THE CASE OF THE FOUNDATION PRESIDENT ALL REIMBURSEMENTS ARE REVIEWED BY THE BOARD CHAIR. THE FOUNDATION REQUIRES MS. BOWMAN TO LIVE IN FOUNDATION-PROVIDED HOUSING. VALUATION OF THE HOUSING PROVIDED IS ASSESSED BY AN INDEPENDENT THIRD-PARTY REALTOR. PART I, LINE 4A: ANN H. TAYLOR - $75,527 VOLUNTARY SEVERANCE PAYMENT PART I, LINE 4B: LESLIE GREENE BOWMAN - $39,000 CONTRIBUTION TO NONQUALIFIED DEFERRED COMPENSATION PLAN. A EDA OF ALBEMARLE COUNTY VIRGINIA 521297503 01266PAB7 2011-12-20 29840000 SEE PART VI false false false A 0 0 0 29840000 0 0 0 0 0 0 0 0 2009 true false true true A false false false false 0 false false false true A true true false 0 false false false 0 false true A true PART I, LINE A(F) Current refunding of issuer's variable rate revenue bonds (Thomas Jefferson Foundation, Inc.), Series 2007, issued on June 27, 2007 to finance the costs of construction of a visitor center. X 26664 FAIR MARKET VALUE X 21 970905 FAIR MARKET VALUE false true false PART I, LINE 9, COLUMN (B): THE ORGANIZATION REPORTS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION B, LINE 11B: THE FOUNDATION'S FORM 990 IS REVIEWED AND APPROVED BY MANAGEMENT AND THEN FORWARDED TO THE AUDIT COMMITTEE FOR REVIEW. UPON APPROVAL BY THE AUDIT COMMITTEE, THE FORM 990 IS DISTRIBUTED TO ALL MEMBERS OF THE BOARD OF TRUSTEES AND THEN SUBSEQUENTLY FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C: THE FOUNDATION HAS A WRITTEN "ETHICS POLICY AND CODE OF CONDUCT" WHICH REQUIRES THE BOARD OF TRUSTEES, EMPLOYEES, INTERNS, AND VOLUNTEERS TO ANNUALLY REVIEW THE POLICY AND DISCLOSE IN WRITING ANY POTENTIAL CONFLICTS OF INTEREST. FORM 990, PART VI, SECTON B, LINES 15A AND 15B: THE EXECUTIVE COMMITTEE REVIEWS COMPENSATION FOR OFFICERS AND UPPER MANAGEMENT ANNUALLY. THE FOUNDATION REGULARLY USES SALARY INFORMATION OBTAINED FROM THE FOLLOWING SALARY SURVEYS: ASSOCIATION OF ART MUSEUM DIRECTORS, QUATT NORTH AMERICAN MUSEUM AND CULTURAL INSTITUTION COMPENSATION SURVEY, AND THE QUATT NOT FOR PROFIT COMPENSATION SURVEY. THE EXECUTIVE COMMITTEE REVIEWS THE SURVEY INFORMATION AS COMPARED WITH THE SALARY PAID TO OFFICERS AND UPPER MANAGEMENT, GIVES INPUT, AND APPROVES THE COMPENSATION. THE EXECUTIVE COMMITTEE HAS THE FINAL APPROVAL FOR ALL OFFICER AND KEY EMPLOYEE COMPENSATION. THE EXECUTIVE COMMITTEE DOCUMENTS ITS REVIEW AND APPROVAL WITHIN THE MINUTES OF THE EXECUTIVE COMMITTEE MEETING. FORM 990, PART VI, SECTION C, LINE 19: THE FOUNDATION DOES NOT PUBLISH ITS ORGANIZATIONAL DOCUMENTS OR ITS "ETHICS POLICY AND CODE OF CONDUCT". THE FOUNDATION MAKES ITS FINANCIAL STATEMENTS AVAILABLE FOR DOWNLOAD VIA THE MONTICELLO.ORG WEBSITE. FORM 990, PART XI, LINE 9: UNREALIZED LOSS ON INTEREST RATE SWAP CONTRACT (1,349,049)