2020-03-13T08:39:02-05:00 2019-06-30 111986323 MARCUM LLP 1899 L Street NW 850 Washington DC 20036 990PF 2018-07-01 237000192 Bainum Family Foundation COMM 2404500000 7735 Old Georgetown Road No 1000 Bethesda MD 20814 David Daniels CEO 2404500000 2020-03-13 1 Frank H Smith P00639053 2028225000 2018 2022-09-23 18:48:47Z X 650199709 X 829488 42219 42219 42219 8046207 8018938 8018938 1123200 1123200 1123200 1123200 30968351 100423289 32208827 3277118 5000000 1417444 1176490 1176490 42426909 42569674 18637965 1494837 346022 346022 1073575 4177024 75241 75241 3947720 1412202 86702 86702 1336727 120071 61407 61407 97920 156328 5244 5244 161902 12569801 3016764 3016764 9992960 1529832 50397 50397 925383 178845 0 0 296820 0 0 279286 304613 7598 7598 331911 15027 0 0 16456 4824397 7667 7668 1242413 27079797 3657042 3657043 19406253 1486665 1486665 28566462 3657042 3657043 20892918 13860447 38912632 14980922 802094 1968358 1968358 18396553 42357418 42357418 42009969 42009969 42009969 635157 829892 829892 163809040 162860095 162860095 0 28668509 28668509 339103670 308416099 308416099 7655056 1526996 9404871 6128060 6128060 30833130 56961309 56961309 604994484 650199709 650199709 2093308 2150359 2094731 34252726 4188039 36403085 X 186473020 199486549 414333425 414310075 600806445 613796624 604994484 650199709 600806445 13860447 0 614666892 870268 613796624 Adams Fund K-1 P 1165533 1165533 Adams Fund K-1 P 5610045 5610045 Atalaya Asset Income Fund III K-1 P -52159 -52159 Caryle Partners VII Cayman K-1 P 16 16 Choice Int'l Common Shares (CHH) D 4767699 2862000 1905699 1905699 Emerging Market Assets P 110578 121063 -10485 -10485 Emerging Market Assets P 7637835 6588301 1049534 1049534 Generation IM Global Equity Fund K-1 P -93927 -93927 Generation IM Global Equity Fund K-1 P -134100 -134100 Generation IM Global Equity Fund K-1 UBI P 84704 84704 0 0 Generation IM Global Equity Fund K-1 UBI P 35172 35172 0 0 Georgetown Oppor Fund Series K-1 P 270921 270921 Georgetown Oppor Fund Series K-1 P 2068 2068 GMO RGL Distributions P 3582531 3582531 3582531 GMO RGL Distributions P 92962 92962 92962 Opportunistic P 10500000 7017990 3482010 3482010 Opportunistic P 5818 5818 5818 PIMCO Mutual funds P 7010247 7002786 7461 7461 Private Equity P 188680 147825 40855 40855 Private Equity P 759462 759462 759462 Publicly Traded Securities-Chevy Chase P 1042507 1080416 -37909 -37909 Publicly Traded Securities-Corporate Preferreds P 1567000 1578680 -11680 -11680 Publicly Traded Securities-Fixed Income P 8893408 8927085 -33677 -33677 Publicly Traded Securities-Fixed Income P 388770 395010 -6240 -6240 Publicly Traded Securities-MFB Northern Instl Funds P 46 46 46 Publicly Traded Securities-PIMCO P 5000090 5000627 -537 -537 Publicly Traded Securities-Vanguard Mutual Funds P 670914 646804 24110 24110 Publicly Traded Securities-Vanguard Mutual Funds P 13329086 10828736 2500350 2500350 Publicly Traded Securities-Chevy Chase P 724758 529394 195364 195364 Real Asset-Rose Housing P 254284 149765 104519 104519 Real Asset-Rose Housing P 323225 88297 234928 234928 Real Asset-Turner-Agassi P 141759 91915 49844 49844 Rose Affordable Housing Pres. Fund K-1 P 350421 350421 Sale of property and equipment P 3241164 2932900 308264 308264 Silver Point Specialty Credit Fund K-1 P 9773 9773 Silver Point Specialty Credit Fund K-1 P 5549 5549 Silver Point Specialty Credit Fund K-1 UBI P 9557 9557 0 0 Silver Point Specialty Credit Fund K-1 UBI P 5426 5426 0 0 Vista Equity Partners Fund VII K-1 P 755851 755851 Turner-Agassi Charter School Facilities Fund II K-1 P -62221 -62221 Wellington Trust Co. K-1 P 857404 857404 Wellington Trust Co. K-1 P -705393 -705393 Choice Int'l Common Shares (CHH) D 25378607 15392790 9985817 9985817 Dinwiddie Investment-UBI D 4677000 4677000 0 0 32208827 3277118 0 22842574 570030559 0.040073 20819267 510616116 0.040773 20277216 426171893 0.047580 17979265 255689731 0.070317 19608282 225884753 0.086807 0.285550 0.057110 581689673 33220297 389126 33609423 25124850 778253 0 778253 0 778253 565990 315000 0 880990 X 0 102737 102737 0 0 0 0 0 0 0 0 0 1 1 0 1 1 DC MD VA 1 1 0 0 0 1 www.bainumfdn.org The Foundation 2404500000 7735 Old Georgetown Road Ste 1000 Bethesda MD 20814 1 CJ CA VQ BD 0 0 1 1 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 Barbara Bainum 7735 Old Georgetown Road Bethesda MD 20814 Chair/CEO/President (Left 07/2019) 40.00 399900 90532 0 Mark R Birmingham 7735 Old Georgetown Road Bethesda MD 20814 CFO/CIO/TREASURER (Left 10/2019) 40.00 432528 90120 0 Rozita La Gorce Green 7735 Old Georgetown Road Bethesda MD 20814 Chief Strategy Officer (Left 4/2019) 40.00 301881 53698 0 Mae Cheung 7735 Old Georgetown Road Bethesda MD 20814 Secretary (Appointed 4/2019) 35.00 108010 14196 0 David Daniels 7735 Old Georgetown Road Bethesda MD 20814 COO 40.00 252518 69482 0 Alexander Froom 7735 Old Georgetown Road Bethesda MD 20814 Director 1.00 0 0 0 Charles A Ledsinger 7735 Old Georgetown Road Bethesda MD 20814 Director (Left 3/2019) 1.00 0 0 0 Joan Lombardi 7735 Old Georgetown Road Bethesda MD 20814 Director 1.00 0 0 0 Scott Renschler 7735 Old Georgetown Road Bethesda MD 20814 Director 1.00 0 0 0 Kenny Emson 7735 Old Georgetown Road Bethesda MD 20814 Director 1.00 0 0 0 Tammy Mann 7735 Old Georgetown Road Bethesda MD 20814 Director 1.00 0 0 0 Maura Marino 7735 Old Georgetown Road Bethesda MD 20814 Director(Left 12/2019) 1.00 0 0 0 Roberto Rodriguez 7735 Old Georgetown Road Bethesda MD 20814 Director 1.00 0 0 0 Angela Deeds 7735 Old Georgetown Road Bethesda MD 20814 Sr. Dir. of Finance 40.00 211949 32395 0 Clara Northington 7735 Old Georgetown Road Bethesda MD 20814 Vice President of Hu 40.00 167787 46284 0 Noel Bravo 7735 Old Georgetown Road Bethesda MD 20814 Sr. Dir. of Program 40.00 171135 35030 0 Ann Egan 7735 Old Georgetown Road Bethesda MD 20814 Sr. Dir. of Communic 40.00 161932 33967 0 Rebecca Cisek 7735 Old Georgetown Road Bethesda MD 20814 Sr. Dir. of Talent a 40.00 160704 7408 0 24 The Rock Creek Group 1133 Conneticut Avenue NW Suite 810 Washington DC 20036 Investment consulting 444775 George Washington University GCAS PO Box 829896 Philadelphia PA 19182 Programmatic consulting 315743 Telecommunications Development Corp 1919 13th Street NW Washington DC 20009 Programmatic consulting 250000 Reinvestment Fund 1700 Market Street Suite 1900 Philadelphia PA 19103 Programmatic consulting 209694 Russell Reynolds 1700 New York Avenue NW Suite 400 Washington DC 20006 Staff recruitment and DEI consulting 143989 17 DC Initiative-The D.C. Wards 7 and 8 Initiative includes two bodies of work focused on building capacity and knowledge in practice, policy and research. Early Learning: We support healthy development and learning for infants and toddlers, ages 0 to 3. We are working to create a comprehensive system of supports in the District of Columbia that address children's cognitive, social, emotional and physical development and also provide families with vital wrap-around supports in health, mental wellness and nutrition. School Mental Health: We are researching and implementing best practices to help schools develop high-quality comprehensive school mental health systems that support students' social and emotional well-being. These systems emphasize prevention and early identification of mental health and substance abuse concerns, not just treatment of them. 7444462 Food Security Initiative-Our Food Security Initiative works to support regional food solutions that increase healthy-food availability and access for children and communities in the District of Columbia's Wards 7 and 8. In collaboration with the Bainum Foundation Farm LLC, the Food Security Initiative is focused on working with partners to make the regional food system stronger and more equitable. 1699365 Seventh-day Adventist Initiative-Our founders Stewart and Jane Bainum largely credit their success in life to their education at Seventh-day Adventist boarding schools. In their honor, the Foundation has long supported faith-based education as part of our mission. Currently, our Seventh-day Adventist (SDA) Initiative team oversees programs that work to ensure excellence in leadership, instruction and business operations while continuing strategic facility investments at faith-based schools. 4041403 Family Philanthropy Initiative-The Bainum family awards grants to nonprofit organizations through its Family Fund and Global Education Fund. The Family Fund is managed by a multigenerational group of family members who select grant recipient organizations nationwide. The Global Education Fund supports grants to U.S.-based organizations that engage in improving the quality of early education globally. The Foundation encourages staff philanthropy through a matching gifts program, whereby staff can give to charities of their choosing. 1595712 Construction of an early learning center in Florida. 3636915 Providing funding for a social enterprise grocery store in the District of Columbia Ward 8. 555000 4191915 266087911 7643813 316816167 590547891 25098285 0 590547891 8858218 581689673 29084484 X 20892918 4191915 40017 25124850 0 25124850 X 14980922 9564082 9816847 10330454 44692305 12733784 8129470 8344320 8780886 37988459 25124850 22842574 20819267 20277216 89063907 1486665 1923218 1971639 1074123 6455645 23638185 20919356 18847628 19203093 82608262 0 0 19389656 19001019 17020537 14205730 69616942 0 0 0 0 X Alice's Kids Inc 3212 Wessynton Way Mount Vernon VA 22309 PC General support 50 American Civil Liberties Union Foundation Inc 125 Broad Street 18th Floor New York NY 10004 PC General support 120 American Civil Liberties Union Foundation Inc 125 Broad Street 18th Floor New York NY 10004 PC General operating 100 American Society For The Prevention Of Cruelty To Animals 11901 Wornall Road Kansas City MO 64145 PC General support 50 Avila University 6600 Little Falls Road Arlington VA 22213 PC General support 100 Bishop O'Connell High School 23151 Camino Altazano Santa Margarita CA 92688 PC Gratitude 195 Bishop Of North American Region Of Sukyo Mahikari 4900 Puerto Rico Avenue NE Washington DC 20017 PC General support 222 Capital Area Food Bank Foundation 111 Michigan Avenue NW Washington DC 20010 PC General support 100 ChildFund International 2821 Emerywood Parkway Richmond VA 23294 PC General operating 50000 Childrens Hospital Foundation 124 Estoria Street SE Atlanta GA 30316 PC General operating 135 Community Resources for Children 3299 Claremont Way Suite 1 Napa CA 94558 PC Active Minds School Readiness and Toy Library/Earl 25000 Compass Family Services 37 Grove Street San Francisco CA 94102 PC Compass Clinical Services 55000 Concrete Jungle Inc 845 3rd Avenue 8th Floor Kentfield NY 10022 PC Native American Methane Capture 60 Cool Effect Inc 1010 Grandin Ave Room B3 Rockville MD 20851 PC General support 40 Court Appointed Special Advocate Montgomery County Maryland Inc 324 Blackwell Street Suite 850 Durham NC 27701 PC Trinity College of Arts and Sciences Financial Aid 200 Duke University 15 Lebanon Street Hanover NH 03755 PC general support 20 Duke University 324 Blackwell Street Suite 850 Durham NC 27701 PC Trinity College Financial Aid 20 El Nido Family Centers 440 Shatto Place Los Angeles CA 90020 PC General operating 55555 Firelight Foundation 903 Pacific Avenue Suite 307 A Santa Cruz CA 95060 PC Communities Cultivating Early Childhood Development 107210 Firelight Foundation 903 Pacific Avenue Suite 307 A Santa Cruz CA 95060 PC Flexible project support for IEFG 10000 Florida Keys Healthy Start Coalition Inc PO Box 6166 Key West FL 33041 PC Florida Keys Healthy Start Core Family Support Services 55000 Global Campaign For Education-US Inc 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Lighthouse Central Florida Inc 2500 Kunze Avenue Orlando FL 32806 PC Early Intervention 55555 LitLab 120 Linden Street Oakland CA 94607 PC Richmond Early Learning with kidappolis 55555 Martha's Table 3905 National Drive Suite 280 Burtonsville MD 20866 PC MSA Disaster Relief Fund 75 Masonic Service Association Education Department 3100 Broadway Boulevard Suite 400 Kansas City MO 64111 PC General support 20 Metropolitan Organization To Counter Sexual Assault 211 North 12th Street Lincoln NE 68508 PC General operating 100 National Arbor Day Foundation 424 E 92nd Street New York NY 10128 PC General support 65 Natural Resources Defense Council Inc 22708 Birchcrest Lane Clarksburg MD 20871 PC Ride Allegheny 60 Natural Resources Defense Council Inc 3039 Troost Avenue Kansas City MO 64109 PC General support 50 Nature Conservancy 600B E Gude Drive Rockville MD 20850 PC General support 60 Oneamerica 1225 S Weller Street Suite 460 Seattle WA 98144 PC Speak Your Language (SPEAK) Campaign 25000 Open Arms Perinatal Services 2524 16th Avenue South 207 A Seattle WA 98144 PC Birth Doula Services and Outreach Doula Services 35555 Operation Breakthrough Inc 22708 Birchcrest Lane Clarksburg MD 20871 PC General support 100 Operation Second Chance Inc 123 William Street 10th Floor New York NY 10038 PC General support 26 Operation Second Chance Inc 155 Plan Way Warwick RI 02886 PC General support 25 Plan International USA Inc 1305 N Flores Street Windcrest TX 78239 PC General support 100 Planned Parenthood Federation Of 2800 16th Street NW Washington DC 20009 PC General support 100 Refugee & Immigrant Center For Education & Legal Services 2800 16th St NW Washington DC 20009 PC General support 50 Reginald S Lourie Center For Infants And Young Children 12301 Academy Way Rockville MD 20852 PC Construction Project: Reginald S. Lourie Center 317777 San Francisco Friends School 250 Valencia Street San Francisco CA 94103 PC General support 100 San Francisco Friends School 250 Valencia Street San Francisco CA 94103 PC General support 100 Save The Children Federation Inc 501 Kings Highway East Suite 400 Fairfield CT 06825 PC Strategies for Early Childhood Development Program 125000 Scottish Rite Foundation Of The District Of Columbia Inc 600B E Gude Drive Rockville MD 20850 PC General support 20 Scottish Rite Foundation Of The District Of Columbia Inc 600B E Gude Drive Rockville MD 20850 PC General support 20 Smile Train Inc 633 Third Avenue 9th Floor New York NY 10017 PC General support 50 Smile Train Inc 633 Third Avenue 9th Floor New York NY 10017 PC General support 50 Some Inc 71 O Street NW Washington DC 20001 PC General support 100 Some Inc 71 O Street NW Washington DC 20001 PC General support 75 Southern Poverty Law Center Inc PO Box 548 Montgomery AL 36101 PC General support 50 St Helena Preschool For All Inc 465 Main Street St Helena CA 94574 PC Scholarship funds for St. Helena Preschool for All 25000 Teach For America Inc 25 Broadway 12th Floor New York NY 10004 PC General operating 25 The Montgomery County Coalition For The Homeless Inc 40 West 20th Street New York NY 10011 PC General support 150 The Montgomery County Coalition For The Homeless Inc 40 West 20th Street New York NY 10011 PC General support 50 The Montgomery County Coalition For The Homeless Inc 4245 Fairfax Drive Arlington VA 22203 PC General support 100 University Of Maryland College Park Foundation Inc 1308 Benjamin Building University of Maryland College Park MD 20742 PC Facilitate Trauma Sensitive Pedagogy 55000 University Of The South 735 University Avenue Sewanee TN 37383 PC General support 50 Village Shalom Inc 5500 West 123rd Street Overland Park KS 66209 PC General support 30 Women For Women International 2000 M Street NW Washington DC 20036 PC General support 50 1486665 0 14 42219 900000 27269 14 8018938 16 1123200 900000 240954 14 20633 900000 1882059 18 29086292 Note receivable interest 14 1155857 2150282 39447139 0 41597421 0 0 0 0 0 0 0 0 0 0 X X 1 Jane Bainum 7735 Old Georgetown Road Suite 1000 Bethesda MD 20814 829488 X Accounting fees 156328 5244 5244 161902 iShares Core U.S. Aggregate Bond ETF 9991881 9991881 Doubleline Total Return Bond Fund 18676628 18676628 Alphabet / Google Inc Com 370752 370752 Amazon 162852 162852 American Elec Power 386364 386364 Apple Computer 234535 234535 BAC Capital TR XIV 1660000 1660000 Choice Hotels International, Inc. 97459415 97459415 Citigroup Inc 237892 237892 CME Group 225168 225168 Cognex Corp Com 206122 206122 Cryoport Inc Com 83338 83338 CVS Health Corp 213928 213928 Daifuku Co LTD NPV 297783 297783 Delivery Hero SE NPV 196062 196062 Delta Air Lines 169115 169115 Dominion Resources Inc 475000 475000 Editas Medicine 89287 89287 EOG Resources Inc. Com 163030 163030 Estee Lauder 246283 246283 Fanuc Corp 238997 238997 FLIR Systems 352840 352840 GMO Quality Fund 25533314 25533314 Goldman Sachs Capital II 1620000 1620000 Goldman Sachs Group 248180 248180 GrubHub Inc 155278 155278 Horizon Discovery 82970 82970 Illumina Inc 415921 415921 IMPINJ 348277 348277 Inditex 201361 201361 ING Groep ADR 210771 210771 Intellia Therapeutics 78707 78707 Inuitive Surgical 199853 199853 JPMorgan Chase 1432226 1432226 LVMH Moet Hennessy ADR 196434 196434 MSCI Inc 213478 213478 Nestle ADR 227377 227377 Nike Cl B 250507 250507 Novartis ADR 357296 357296 NVIDIA 77188 77188 Range Resources Corp 74686 74686 Regeneron Pharm 204389 204389 Royal Dutch Shell PLC 260593 260593 Splunk 232889 232889 Square Inc 141724 141724 Sumitomo Mitsui Finl Grp 225626 225626 Terreno Realty Corp 316161 316161 Unilever NV ADR 285202 285202 Vanguard Developed Markets Index Fund 15642069 15642069 Vanguard Total Stock Market Index Fund 5562841 5562841 Verizon Communications Com 340438 340438 Walt Disney Company 319076 319076 Wells Fargo & Co 2016500 2016500 XL Capital LTD 1920000 1920000 Atalaya Asset Income Fund III LP FMV 1793299 1793299 Avenue Aviation Opportunities Fund II (Offshore), LP FMV 1770918 1770918 Cyrus Opportunities Fund II, Ltd** FMV 6046841 6046841 FJ Capital Financial Opportunity Fund, Ltd FMV 26903871 26903871 New Energy Capital Infrastructure Credit Fund II, L.P.** FMV 62469 62469 Silver Point Specialty Credit Fund, LP FMV 5149958 5149958 TCI Real Estate Partners Fund II, LP FMV 5188073 5188073 Fairmont Building, LLC Real Estate FMV 989494 989494 Grain Communications Opportunity Fund II, L.P. FMV 309575 309575 IPI Data Center Partners Fund I, LP FMV 3148427 3148427 Rose Affordable Housing Preservation Fund IV, L.P. FMV 4738924 4738924 Turner-Agassi Charter School Facilities Fund II, L.P. FMV 1382686 1382686 Adams Fund Series LLC-Adage Series FMV 35969403 35969403 Ellington Enhanced Income Fund, Ltd FMV 10398627 10398627 Generation IM Global Equity Fund, LLC FMV 13902575 13902575 Kalorama Separate Account Overlook FMV 6749279 6749279 Rock Creek Bainum Family Fnd Hedge Fund FMV 119252906 119252906 Wellington Emerging Market Local Equity Composite FMV 16860531 16860531 AH Bio Fund II, LP** FMV 946769 946769 Andreesen Horowitz Fund V-Q, LP & AH Parallel Fund V-Q, LP** FMV 1714659 1714659 Andreessen Horowitz Fund VI-Q, LP FMV 467500 467500 Bond Capital Fund, LP FMV 550000 550000 Carlyle Partners VII, LP FMV 311072 311072 Clayton Dubilier & Rice X LP FMV 963224 963224 Coatue CT XXI LLC (Meituan Co-Invest) FMV 174847 174847 Coatue Kona III Offshore Feeder Fund L.P. FMV 826715 826715 Foundation Capital IX, L.P. FMV 341762 341762 H Capital V, L.P. FMV 502866 502866 Kleiner Perkins Caufield & Byers XVII, LLC** FMV 608112 608112 KPCB Digital Growth Fund III, LLC** FMV 10900320 10900320 Owl Ventures II, L.P. FMV 2015523 2015523 Owl Ventures III, L.P. FMV 1481384 1481384 Silver Lake Partners V, LP FMV 1083224 1083224 Tiger Global Private Investment Partners XI, L.P. FMV 2480830 2480830 TPG Growth IV, L.P. FMV 370843 370843 Trustbridge Partners VI L.P.** FMV 1632177 1632177 Viking Global Opportunities LP** FMV 1223551 1223551 Vista Equity Partners Fund VI, L.P. FMV 5847362 5847362 Vista Equity Partners Fund VII, L.P. FMV 505132 505132 Vista Foundation Fund III, L.P. FMV 3172735 3172735 YC II** FMV 9677636 9677636 Computer hardware 311625 306197 5428 5428 Furniture and equipment 701756 358319 343437 343437 Telephone system 41973 37682 4291 4291 Computer software 579873 579873 0 LHI/Office Expansion 874841 97751 777090 777090 Land- Naples, Florida 874057 0 874057 874057 Bainum Foundation Farm, LLC 3465000 0 3465000 3465000 LHI/Farm 50400 7490 42910 42910 Building Farm LLC 716356 123656 592700 592700 Vehicles and farm equipment 39175 16028 23147 23147 Legal fees 120071 61407 61407 97920 Accrued interest/dividend receivable 464464 380379 380379 Other receivable 2556394 27564 27564 Federal excise tax receivable 180045 0 0 Investment related receivables and pending purchases 22232227 53566358 53566358 Program related investments 5400000 955000 955000 Right to use asset 2032008 2032008 Unrealized loss on investments 753275 Change in FMV of pledge donated assets 116993 Licensing, dues, and subscriptions 331848 7422 7422 360198 Scholarships 564170 0 0 570516 Provision for PRI forgiveness 3636915 0 0 0 Office related expenses 26795 245 246 38017 Insurance 93981 0 0 89099 Equipment and maintenance 130802 0 0 140208 Farm expense 39886 0 0 44375 Partnership K-1 Investments 20633 20633 20633 Partnership K-1 Investments UBI 240954 0 0 Note receivable interest 1155857 1155857 1155857 Deferred federal excise tax payable 2094731 2220821 Operating lease liability 0 2032008 Investment related payables 0 29999897 Consulting fees 2653072 15226 15226 2555690 Investment fees K-1 2205937 2205937 2205937 0 Investment fees 795601 795601 795601 0 Partner Agreements 6701890 0 0 7228988 Investment fees K-1 UBI 2690 0 0 0 Staff recruiting 210611 0 0 208282 Stewart W Bainum Jr 17267698 17655924 2014-09 2023-09 Annual interest payments, balloon payment at maturity 2.860000000000 Personal guarantee Purchase of estate assets under exception provisions in 53.4941(d)-3 Estate assets 0 Scott A Renschler 1165050 1191243 2014-09 2023-09 Annual interest payments, balloon payment at maturity 2.860000000000 Personal guarantee Purchase of estate assets under exception provisions in 53.4941(d)-3 Estate assets 0 Bruce D Bainum 17449670 17680273 2015-01 2024-01 Annual interest payments, balloon payment at maturity 2.750000000000 Personal guarantee Purchase of estate assets under exception provisions in 53.4941(d)-3 Estate assets 0 Todd Renschler 540900 548007 2015-01 2024-01 Annual interest payments, balloon payment at maturity 2.750000000000 Personal guarantee Purchase of estate assets under exception provisions in 53.4941(d)-3 Estate assets 0 Brian B Bainum 513855 520606 2015-01 2024-01 Annual interest payments, balloon payment at maturity 2.750000000000 Personal guarantee Purchase of estate assets under exception provisions in 53.4941(d)-3 Estate assets 0 Dinwiddie Farms LLC 4356674 4413916 2015-01 2024-01 Annual interest payments, balloon payment at maturity 2.750000000000 Corporate obligation Purchase of estate assets under exception provisions in 53.4941(d)-3 Estate assets 0 Choice Hotels International Stock(CHH): The Principal sponsors, their descendants, including the CEO and several directors of the Foundation, own an aggregate of 37.48% of the common stock of CHH which is publicly traded in the United States of America. Although voting and dispositive power for the Foundation's CHH shares rests with a committee independent of the family and other affiliates of CHH, as a prudent matter, the Foundation has continued to comply with rule 144 requirements. As of June 30, 2019, the Foundation owned 1,214,672 Shares of CHH stock which represents 2.2% of the total CHH Shares issued and outstanding. The stock is valued at the June 30, 2019 NY stock exchange closing price discounted at 7.9%. The discount is based on an independent appraisal, from June 30, 2019, which was performed in compliance with the uniform standards of professional appraisal practices. Federal excise tax 1353344 0 0 925383 Foreign taxes K-1 50397 50397 50397 0 Deferred excise taxes 126091 0 0 0