FUND FOR PUBLIC SCHOOLS INC: Form 990, tax year 2013

View the entire original 990 at ProPublica ↗

Organization: FUND FOR PUBLIC SCHOOLS INC (EIN 11-2656137)
Tax period: 2013-07-01 to 2014-06-30
Filed: 2015-03-30
IRS object ID: 201500899349300320
Schema version: 2013v4.0
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule B
Schedule D
Schedule I
Schedule J
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2015-03-30T12:27:24-05:00	ReturnTs
Tax Period End	2014-06-30	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	EISNERAMPER LLP	BusinessNameLine1

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	750 THIRD AVENUE	AddressLine1
City	NEW YORK	City
State	NY	State
ZIP Code	100172703	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2013-07-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	112656137	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	THE FUND FOR PUBLIC SCHOOLS INC	BusinessNameLine1

Field	Value	IRS element (for citing)
In Care Of	% IRIS CHEN EXECUTIVE DIRECTO	InCareOfNm
Business Name Control	FUND	BusinessNameControlTxt
Phone	2123747631	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	52 CHAMBERS STREET	AddressLine1
Address Line2	Suite 305	AddressLine2
City	NEW YORK	City
State	NY	State
ZIP Code	10007	ZIPCode

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	IRIS CHEN	PersonNm
Person Title	EXECUTIVE DIRECTOR	PersonTitleTxt
Phone	2123746921	PhoneNum
Signature	2015-03-24	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	JULIE FLOCH	PreparerPersonNm
PTIN	P00736879	PTIN
Phone	2123746921	PhoneNum

Field	Value	IRS element (for citing)
Tax	2013	TaxYr
Build TS	2016-03-07 17:11:31Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	ELIZABETH BARR	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	52 CHAMBERS STREET RM 305	AddressLine1
City	NEW YORK	City
State	NY	State
ZIP Code	10007	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	$32,244,607	GrossReceiptsAmt
Group Return For Affiliates	false	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	www.schools.nyc.gov/fundforpublicshools.org	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1982	FormationYr
Legal Domicile State	NY	LegalDomicileStateCd
Activity Or Mission	THE FUND FOR PUBLIC SCHOOLS IS DEDICATED TO IMPROVING NEW YORK CITY'S PUBLIC SCHOOLS BY ATTRACTING PRIVATE INVESTMENT IN SCHOOL REFORM.	ActivityOrMissionDesc
Voting Members Governing Body	5	VotingMembersGoverningBodyCnt
Voting Members Independent	5	VotingMembersIndependentCnt
Total Employee	15	TotalEmployeeCnt
Total Volunteers	0	TotalVolunteersCnt
Total Gross UBI	$0	TotalGrossUBIAmt
PY Contributions Grants	$47,710,374	PYContributionsGrantsAmt
CY Contributions Grants	$31,443,747	CYContributionsGrantsAmt
PY Program Service Revenue	$0	PYProgramServiceRevenueAmt
CY Program Service Revenue	$0	CYProgramServiceRevenueAmt
PY Investment Income	$761,969	PYInvestmentIncomeAmt
CY Investment Income	$793,455	CYInvestmentIncomeAmt
PY Other Revenue	$0	PYOtherRevenueAmt
CY Other Revenue	$0	CYOtherRevenueAmt
PY Total Revenue	$48,472,343	PYTotalRevenueAmt
CY Total Revenue	$32,237,202	CYTotalRevenueAmt
PY Grants And Similar Paid	$34,585,802	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$31,550,819	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$1,038,833	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$1,020,753	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$243,685	CYTotalFundraisingExpenseAmt
PY Other Expenses	$661,158	PYOtherExpensesAmt
CY Other Expenses	$284,581	CYOtherExpensesAmt
PY Total Expenses	$36,285,793	PYTotalExpensesAmt
CY Total Expenses	$32,856,153	CYTotalExpensesAmt
PY Revenues Less Expenses	$12,186,550	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	-$618,951	CYRevenuesLessExpensesAmt
Total Assets BOY	$54,661,562	TotalAssetsBOYAmt
Total Assets EOY	$53,745,231	TotalAssetsEOYAmt
Total Liabilities BOY	$15,212,498	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$14,416,844	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$39,449,064	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$39,328,387	NetAssetsOrFundBalancesEOYAmt
Mission	THE FUND FOR PUBLIC SCHOOLS IS DEDICATED TO IMPROVING NEW YORK CITY'S PUBLIC SCHOOLS BY ATTRACTING PRIVATE INVESTMENT IN SCHOOL REFORM.	MissionDesc
Significant New Program Srvc	false	SignificantNewProgramSrvcInd
Significant Change	false	SignificantChangeInd
Expense	$31,564,049	ExpenseAmt
Grant	$31,550,819	GrantAmt
Desc	The Fund for Public Schools facilitates private-sector grants to finance educational programs within the NYC Department of Education. The Fund provides critical funding for system wide educational reform initiatives throughout the city's public schools. The Fund provides grants and other support to the Department of Education for these purposes.	Desc
Total Program Service Expenses	$31,564,049	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (true)	DescribedInSection501c3Ind
Schedule B Required	Yes (true)	ScheduleBRequiredInd
Political Campaign Acty	false	PoliticalCampaignActyInd
Lobbying Activities	false	LobbyingActivitiesInd
Subject To Proxy Tax	false	SubjectToProxyTaxInd
Donor Advised Fund	false	DonorAdvisedFundInd
Conservation Easements	false	ConservationEasementsInd
Collections Of Art	false	CollectionsOfArtInd
Credit Counseling	false	CreditCounselingInd
Temp Or Permanent Endowments	Yes (true)	TempOrPermanentEndowmentsInd
Report Land Building Equipment	Yes (true)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	false	ReportInvestmentsOtherSecInd
Report Program Related Invst	false	ReportProgramRelatedInvstInd
Report Other Assets	false	ReportOtherAssetsInd
Report Other Liabilities	false	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (true)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	Yes (true)	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	false	ConsolidatedAuditFinclStmtInd
School Operating	false	SchoolOperatingInd
Foreign Office	false	ForeignOfficeInd
Foreign Activities	false	ForeignActivitiesInd
More Than5000 K To Org	false	MoreThan5000KToOrgInd
More Than5000 K To Individuals	false	MoreThan5000KToIndividualsInd
Professional Fundraising	false	ProfessionalFundraisingInd
Fundraising Activities	false	FundraisingActivitiesInd
Gaming Activities	false	GamingActivitiesInd
Operate Hospital	false	OperateHospitalInd
Grants To Organizations	Yes (true)	GrantsToOrganizationsInd
Grants To Individuals	false	GrantsToIndividualsInd
Schedule J Required	Yes (true)	ScheduleJRequiredInd
Tax Exempt Bonds	false	TaxExemptBondsInd
Engaged In Excess Benefit Trans	false	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	false	PYExcessBenefitTransInd
Loan Outstanding	false	LoanOutstandingInd
Grant To Related Person	false	GrantToRelatedPersonInd
Business Rln With Org Mem	false	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	false	BusinessRlnWithFamMemInd
Business Rln With Officer Ent	false	BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri	false	DeductibleNonCashContriInd
Deductible Art Contribution	false	DeductibleArtContributionInd
Terminate Operations	false	TerminateOperationsInd
Partial Liquidation	false	PartialLiquidationInd
Disregarded Entity	false	DisregardedEntityInd
Related Entity	false	RelatedEntityInd
Related Organization Ctrl Ent	false	RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	false	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	false	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (true)	ScheduleORequiredInd
IRP Document	316	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (true)	BackupWthldComplianceInd
Employee	15	EmployeeCnt
Employment Tax Returns Filed	Yes (true)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	false	UnrelatedBusIncmOverLimitInd
Foreign Financial Account	false	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Taxable Party Notification	false	TaxablePartyNotificationInd
Nondeductible Contributions	false	NondeductibleContributionsInd
Quid Pro Quo Contributions	false	QuidProQuoContributionsInd
Form8282 Property Disposed Of	false	Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services	false	IndoorTanningServicesInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	5	GoverningBodyVotingMembersCnt
Independent Voting Member	5	IndependentVotingMemberCnt
Family Or Business Rln	false	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	false	DelegationOfMgmtDutiesInd
Change To Org Documents	false	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	false	MaterialDiversionOrMisuseInd
Members Or Stockholders	false	MembersOrStockholdersInd
Election Of Board Members	false	ElectionOfBoardMembersInd
Decisions Subject To Approva	false	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (true)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (true)	MinutesOfCommitteesInd
Officer Mailing Address	false	OfficerMailingAddressInd
Local Chapters	false	LocalChaptersInd
Form990 Provided To Gvrn Body	Yes (true)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (true)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (true)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (true)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (true)	WhistleblowerPolicyInd
Document Retention Policy	Yes (true)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (true)	CompensationProcessCEOInd
Compensation Process Other	Yes (true)	CompensationProcessOtherInd
Investment In Joint Venture	false	InvestmentInJointVentureInd
States Where Copy Of Return Is Fld	NJ	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	NY	StatesWhereCopyOfReturnIsFldCd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Field	Value	IRS element (for citing)
Person	IRIS CHEN EXECUTIVE DIRECTO	PersonNm
Phone	2123747689	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	52 CHAMBERS STREET RM 305	AddressLine1
City	NEW YORK	City
State	NY	State
ZIP Code	10007	ZIPCode

Form990 Part VII Section A Form990PartVIISectionAGrp (19 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	Highest Compensated EmployeeHighestCompensatedEmployeeInd
CARMEN FARINA
CHAIR (EFFECTIVE 1/14)	2.0	Yes (X)	Yes (X)	$0	$0	$0
CHRISTOPHER KOJIMA
MEMBER (EFFECTIVE 7/13)	2.0	Yes (X)		$0	$0	$0
STEVE STRONGIN
MEMBER (EFFECTIVE 6/14)	2.0	Yes (X)		$0	$0	$0
LISA PLEPER
MEMBER (EFFECTIVE 6/14)	2.0	Yes (X)		$0	$0	$0
DENNIS WILLIAMS
MEMBER	2.0	Yes (X)		$0	$0	$0
LEANNE FREMAR
MEMBER (UNTIL 6/14)	2.0	Yes (X)		$0	$0	$0
GRACE HIGHTOWER DE NIRO
MEMBER (UNTIL 6/14)	2.0	Yes (X)		$0	$0	$0
L LONDELL MCMILLAN
MEMBER (UNTIL 6/14)	2.0	Yes (X)		$0	$0	$0
MORTIMER ZUCKERMAN
VICE CHAIR (UNTIL 5/14)	2.0	Yes (X)		$0	$0	$0
STEPHANIE DUA
MEMBER (UNTIL 11/13)	2.0	Yes (X)		$0	$0	$0
CHARLES H GOOGE JR
MEMBER (UNTIL 5/14)	2.0	Yes (X)		$0	$0	$0
ALICIA GLEN
MEMBER (UNTIL 6/14)	2.0	Yes (X)		$0	$0	$0
DENNIS WALCOTT
CHAIR (UNTIL 1/14)	2.0	Yes (X)	Yes (X)	$0	$0	$0
JEANETTE S WAGNER
SECRETARY (UNTIL 12/13)	2.0	Yes (X)	Yes (X)	$0	$0	$0
JULIA BATOR
CHIEF EXEC OFFICER UNTIL 4/14	35.0		Yes (X)	$189,417	$0	$10,616
LYDIA ST MARIE TOMMY
CHIEF FINANCIAL OFFICER	35.0		Yes (X)	$119,914	$0	$6,679
IRIS CHEN
EXECUTIVE DIR STARTED 07/14	35.0		Yes (X)	$0	$0	$0
ELIZABETH LARSON
MANAGING DIRECTOR	35.0			$116,116	$0	$15,880	Yes (X)
JEREMY WEINSTEN
PORTFOLIO DIRECTOR	35.0			$100,249	$0	$15,099	Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$525,696	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$48,274	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	4	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	false	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (true)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	false	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1	CityContractorAddress/USAddress/City	StateContractorAddress/USAddress/State	ZIP CodeContractorAddress/USAddress/ZIPCode	ServicesServicesDesc	CompensationCompensationAmt
NEW YORK UNIVERSITY
PO BOX 5166	NEW YORK	NY	10087	EDUCATIONAL CONSULT	$511,346
NYC LEADERSHIP ACADEMY
45-18 COURT SQUARE ROOM 247	LONG ISLAND CITY	NY	11101	EDUCATIONAL CONSULT	$676,206
THE PARTHENON GRO0UP
50 ROWES WHARF 6TH FLOOR	BOSTON	MA	02110	MGMT CONSULTANTS	$651,401
THE NEW TEACHER PROJECT
186 JORALEMON STREET SUITE 300	BROOKLYN	NY	11201	EDUCATIONAL CONSULT	$1,882,717
GODDARD RIVERSIDE COMMUNITY CENTER
593 COLUMBUS AVENUE	NEW YORK	NY	10024	EDUCATIONAL CONSULT	$601,825

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	6	CntrctRcvdGreaterThan100KCnt
All Other Contributions	$31,443,747	AllOtherContributionsAmt
Noncash Contributions	$3,691	NoncashContributionsAmt
Total Contributions	$31,443,747	TotalContributionsAmt
Total Program Service Revenue	$0	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$793,780	TotalRevenueColumnAmt
Exclusion	$793,780	ExclusionAmt

Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$0	TotalRevenueColumnAmt

Royalties Revenue RoyaltiesRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$0	TotalRevenueColumnAmt

Rental Income Or Loss RentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Real	$0	RealAmt
Personal	$0	PersonalAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$0	TotalRevenueColumnAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Securities	$7,080	SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$7,405	SecuritiesAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	-$325	SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	-$325	TotalRevenueColumnAmt
Exclusion	-$325	ExclusionAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$0	TotalRevenueColumnAmt

Net Income From Gaming NetIncomeFromGamingGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$0	TotalRevenueColumnAmt

Net Income Or Loss NetIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$0	TotalRevenueColumnAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$0	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$32,237,202	TotalRevenueColumnAmt
Exclusion	$793,455	ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

Field	Value	IRS element (for citing)
Total	$31,550,819	TotalAmt
Program Services	$31,550,819	ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Foreign Grants ForeignGrantsGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Benefits To Members BenefitsToMembersGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$292,343	TotalAmt
Management And General	$141,821	ManagementAndGeneralAmt
Fundraising	$150,522	FundraisingAmt

Comp Disqual Persons CompDisqualPersonsGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$571,287	TotalAmt
Program Services	$11,252	ProgramServicesAmt
Management And General	$491,980	ManagementAndGeneralAmt
Fundraising	$68,055	FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$38,507	TotalAmt
Management And General	$30,981	ManagementAndGeneralAmt
Fundraising	$7,526	FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$62,492	TotalAmt
Program Services	$388	ProgramServicesAmt
Management And General	$60,753	ManagementAndGeneralAmt
Fundraising	$1,351	FundraisingAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$56,124	TotalAmt
Program Services	$1,272	ProgramServicesAmt
Management And General	$54,852	ManagementAndGeneralAmt

Fees For Services Management FeesForServicesManagementGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$53,000	TotalAmt
Management And General	$53,000	ManagementAndGeneralAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$82,721	TotalAmt
Management And General	$69,445	ManagementAndGeneralAmt
Fundraising	$13,276	FundraisingAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Royalties RoyaltiesGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$1,926	TotalAmt
Management And General	$477	ManagementAndGeneralAmt
Fundraising	$1,449	FundraisingAmt

Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Payments To Affiliates PaymentsToAffiliatesGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$13,741	TotalAmt
Management And General	$13,741	ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDesc	TotalTotalAmt	Management And GeneralManagementAndGeneralAmt	FundraisingFundraisingAmt	Program ServicesProgramServicesAmt
PROFESSIONAL DEVELOPMENT	$9,843	$8,548	$1,295
FILING FEES	$775	$775
MISCELLANEOUS	$122,575	$122,046	$211	$318

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$32,856,153	TotalAmt
Program Services	$31,564,049	ProgramServicesAmt
Management And General	$1,048,419	ManagementAndGeneralAmt
Fundraising	$243,685	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$7,758,130	BOYAmt
EOY	$3,325,081	EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$13,971,550	BOYAmt
EOY	$10,185,009	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$14,635	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$13,953	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$2,631	BOYAmt
EOY	$682	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$32,910,389	BOYAmt
EOY	$40,216,253	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Intangible Assets IntangibleAssetsGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$18,862	BOYAmt
EOY	$18,206	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$54,661,562	BOYAmt
EOY	$53,745,231	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$194,586	BOYAmt
EOY	$208,051	EOYAmt

Grants Payable GrantsPayableGrp

Field	Value	IRS element (for citing)
BOY	$15,017,912	BOYAmt
EOY	$14,208,793	EOYAmt

Deferred Revenue DeferredRevenueGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Loans From Officers Directors LoansFromOfficersDirectorsGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$15,212,498	BOYAmt
EOY	$14,416,844	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows SFAS117	Yes (X)	OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$3,199,095	BOYAmt
EOY	$4,158,274	EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$35,783,474	BOYAmt
EOY	$34,691,118	EOYAmt

Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$466,495	BOYAmt
EOY	$478,995	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$39,449,064	BOYAmt
EOY	$39,328,387	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$54,661,562	BOYAmt
EOY	$53,745,231	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	-$618,951	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	$498,274	NetUnrlzdGainsLossesInvstAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	false	AccountantCompileOrReviewInd
FS Audited	Yes (true)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Separate Basis Fincl Stmt	Yes (X)	SeparateBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (true)	AuditCommitteeInd
Federal Grant Audit Required	false	FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Public Organization170	Yes (X)	PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$23,279,245	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$19,338,303	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$21,305,578	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$47,710,374	CurrentTaxYearMinus1YearAmt
Current Tax Year	$31,443,747	CurrentTaxYearAmt
Total	$143,077,247	TotalAmt

Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$23,279,245	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$19,338,303	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$21,305,578	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$47,710,374	CurrentTaxYearMinus1YearAmt
Current Tax Year	$31,443,747	CurrentTaxYearAmt
Total	$143,077,247	TotalAmt

Field	Value	IRS element (for citing)
Substantial Contributors Tot	$56,603,416	SubstantialContributorsTotAmt
Public Support Total170	$86,473,831	PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$293,843	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$321,431	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$622,757	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$812,148	CurrentTaxYearMinus1YearAmt
Current Tax Year	$793,780	CurrentTaxYearAmt
Total	$2,843,959	TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Other Income170 OtherIncome170Grp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Field	Value	IRS element (for citing)
Total Support	$145,921,206	TotalSupportAmt
Public Support CY170	0.59261	PublicSupportCY170Pct
Public Support PY170	0.63989	PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170	Yes (X)	ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	RESTRICTED	ContributorNum

Contributor Business Name ContributorBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Total Contributions	RESTRICTED	TotalContributionsAmt

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Art Public Exhibition Amounts		ArtPublicExhibitionAmountsGrp
Held Works Art		HeldWorksArtGrp

CY Endwmt Fund CYEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$522,590	BeginningYearBalanceAmt
Contributions	$12,500	ContributionsAmt
Investment Earnings Or Losses	$41,333	InvestmentEarningsOrLossesAmt
Other Expenditures	$8,655	OtherExpendituresAmt
End Year Balance	$567,768	EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$912,394	BeginningYearBalanceAmt
Contributions	$25,000	ContributionsAmt
Investment Earnings Or Losses	$41,999	InvestmentEarningsOrLossesAmt
Other Expenditures	$456,803	OtherExpendituresAmt
End Year Balance	$522,590	EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$909,740	BeginningYearBalanceAmt
Contributions	$25,000	ContributionsAmt
Investment Earnings Or Losses	$30,107	InvestmentEarningsOrLossesAmt
Other Expenditures	$52,453	OtherExpendituresAmt
End Year Balance	$912,394	EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$791,495	BeginningYearBalanceAmt
Contributions	$75,000	ContributionsAmt
Investment Earnings Or Losses	$43,245	InvestmentEarningsOrLossesAmt
End Year Balance	$909,740	EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$766,495	BeginningYearBalanceAmt
Contributions	$25,000	ContributionsAmt
End Year Balance	$791,495	EndYearBalanceAmt

Field	Value	IRS element (for citing)
Prmnnt Endowment Balance EOY	0.84365	PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY	0.15635	TermEndowmentBalanceEOYPct
Endowments Held Unrelated Org	false	EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org	false	EndowmentsHeldRelatedOrgInd
Land		LandGrp
Buildings		BuildingsGrp
Leasehold Improvements		LeaseholdImprovementsGrp

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$14,635	OtherCostOrOtherBasisAmt
Depreciation	$13,953	DepreciationAmt
Book Value	$682	BookValueAmt

Field	Value	IRS element (for citing)
Other Land Buildings		OtherLandBuildingsGrp
Total Book Value Land Buildings	$682	TotalBookValueLandBuildingsAmt
Federal Income Tax Liability	$0	FederalIncomeTaxLiabilityAmt
Total Liability	$0	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$33,444,284	TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst	$498,274	NetUnrealizedGainsInvstAmt
Donated Services And Use Fclts	$708,808	DonatedServicesAndUseFcltsAmt
Revenue Not Reported	$1,207,082	RevenueNotReportedAmt
Revenue Subtotal	$32,237,202	RevenueSubtotalAmt
Total Revenue Per Form990	$32,237,202	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$33,564,961	TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts	$708,808	DonatedServicesUseFcltsAmt
Expenses Not Reported	$708,808	ExpensesNotReportedAmt
Expenses Subtotal	$32,856,153	ExpensesSubtotalAmt
Total Expenses Per Form990	$32,856,153	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc

ExplanationExplanationTxt

PART V, QUESTION 4

THE FUND'S ENDOWMENT FUNDS CONSIST OF SIX DONOR RESTRICTED FUNDS, ESTABLISHED TO SUPPORT EDUCATIONAL SERVICES AND SCHOLARSHIPS.

PART X, QUESTION 2

The Fund has adopted the provisions of the financial accounting standards board (THE "fasb") Accounting Standards Codification ("ASC") Topic 740, "income taxes", relating to accounting and reporting for uncertainty in income taxes. However, ASC Topic 740 has not had, and is not expected to have, a material effect on the Fund's financial statements. Management believes that there is little likelihood of an audit of its tax compliance for its open years.

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Grant Records Maintained	Yes (true)	GrantRecordsMaintainedInd

Recipient Table RecipientTable

Recipient Business Name RecipientBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	NYC DEPARTMENT OF EDUCATION	BusinessNameLine1

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	52 CHAMBERS STREET	AddressLine1
City	NEW YORK	City
State	NY	State
ZIP Code	10007	ZIPCode

Field	Value	IRS element (for citing)
Cash Grant	$31,550,819	CashGrantAmt
Valuation Method Used	FMV	ValuationMethodUsedDesc
Non Cash Assistance	NONE	NonCashAssistanceDesc
Purpose Of Grant	EDUCATION	PurposeOfGrantTxt

Field	Value	IRS element (for citing)
Total501c3 Org	1	Total501c3OrgCnt
Total Other Org	0	TotalOtherOrgCnt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	FORM 990, SCHEDULE I, PART I, QUESTION 2	FormAndLineReferenceDesc
Explanation	THE DOE IS NOTIFIED OF A GRANT AND THE STAFF WORKS TO REVIEW THE TERMS, BUDGET, TIMELINESS AND OUTCOMES OF THE GRANT WITH THE DOE PARTNERS. IN ADDITION, A SCHEDULE FOR REGULAR REPORTS IS ESTABLISHED TO REVIEW PROGRESS ON THE GOALS AND THE BUDGET. REPORTING FREQUENCY IS GENERALLY NOT LESS THAN QUARTERLY; ALTHOUGH SOME GRANTS REQUIRE MORE FREQUENT REVIEW. THE SENIOR ACCOUNTANT AND CFO GENERATE BUDGET REPORTS FOR EACH GRANT IN ACCORDANCE WITH THE SCHEDULE. REVIEWS ARE CONDUCTED BY BOTH THE FUND'S PORTFOLIO/DEVELOPMENT STAFF AND THE CFO TO ENSURE EXPENSES ARE WITHIN BUDGET AND IN ACCORDANCE WITH GRANT AGREEMENTS. A WEEKLY REVIEW ON A SELECT GROUP OF GRANTS IS ALSO CONDUCTED WITH THE CEO THROUGHOUT THE YEAR.	ExplanationTxt

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Compensation Committee	Yes (X)	CompensationCommitteeInd
Written Employment Contract	Yes (X)	WrittenEmploymentContractInd
Compensation Survey	Yes (X)	CompensationSurveyInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	false	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	false	SupplementalNonqualRtrPlanInd
Comp Based On Revenue Of Flng Org	false	CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs	false	CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org	false	CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs	false	CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments	false	AnyNonFixedPaymentsInd
Initial Contract Exception	false	InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

Field	Value	IRS element (for citing)
Person	JULIA BATOR	PersonNm
Title	CHIEF EXEC OFFICER UNTIL 4/14	TitleTxt
Base Compensation Filing Org	$189,417	BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs	$0	CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization	$0	BonusFilingOrganizationAmount
Bonus Related Organizations	$0	BonusRelatedOrganizationsAmt
Other Compensation Filing Org	$0	OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs	$0	OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org	$9,969	DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs	$0	DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org	$647	NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs	$0	NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org	$200,033	TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs	$0	TotalCompensationRltdOrgsAmt
Comp Report Prior990 Filing Org	$0	CompReportPrior990FilingOrgAmt
Comp Report Prior990 Rltd Orgs	$0	CompReportPrior990RltdOrgsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc

ExplanationExplanationTxt

FORM 8868

APPLICATION FOR AN EXTENSION OF TIME TO FILE AN EXEMPT ORGANIZATION RETURN WAS FILED.

PART VI, SECTIONS A, B, AND C

SECTION A, QUESTION 11B A FULL COPY OF THE FORM 990 IS GIVEN TO THE CHIEF FINANCIAL OFFICER AND CHIEF EXECUTIVE OFFICER FOR REVIEW. ONCE REVIEWD THE RETURN WILL BE FORWARDED TO THE AUDIT COMMITTEE FOR REVIEW AND COMMENTS AND THEN SENT AS A PDF BY EMAIL TO EACH BOARD MEMBER OF THE BOARD. ONCE THE BOARD APPROVES THE SECTION B, QUESTION 12C THE FUND HAS A CONFLICT OF INTEREST POLICY ADOPTED BY THE BOARD OF DIRECTORS. EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE OF THE BOARD SHALL SIGN A STATEMENT ON AN ANNUAL BASIS THAT AFFIRMS THAT THEY HAVE RECEIVED A COPY OF THIS POLICY, THAT THEY HAVE READ THE POLICY AND THAT THEY AGREE TO COMPLY WITH THE POLICY. ALL DIRECTORS ARE ALSO REQUIRED TO IMMEDIATELY DISCLOSE A FINANCIAL INTEREST WHICH POSES A CONFLICT. BOARD MEMBERS COMPLETE A CONFLICT OF INTEREST DISCLOSURE STATEMENT ANNUALLY. SECTION B, QUESTION 15B THE FUND ADOPTED A FORMAL COMPENSATION POLICY IN FISCAL-YEAR 2009. THE PRIMARY OBJECTIVE OF THE POLICY IS TO DETAIL A STRATEGIC COMPENSATION SYSTEM WHICH FORMS A LINK BETWEEN ORANIZATIONAL OBJECTIVES AND BUSINESS METRICS WHILE BALANCING THE EXPECTATIONS OF THE EMPLOYEES AND THE COSTS OF THE FUND. THE FUND USES COMPARABLE NONPROFIT ORGANIZATIONS TO BENCHMARK PAY, BUT ALSO CONSIDERS THE MARKET FOR TALENT MAY BE BROADER THAN THIS GROUP. INFORMATION FROM ADDITIONAL MARKET SEGMENTS, PRIVATE FOUNDATIONS, AND PUBLISHED NONPROFIT COMPENSATION SURVEYS WILL BE USED AS A SUPPLEMENT. IN GENERAL, THE FUND'S TOTAL COMPENSATION, INCLUDING BENEFITS, IS DESIGNED TO BE FLUID AND FLEXIBLE SO THAT COMPENSATION CAN BE BASED ON EXPERIENCE, PERFORMANCE, AND BUSINESS NEED TO ATTRACT AND RETAIN SPECIFIC TALENT. THE AUDIT COMMITTEE OF THE BOARD ASSISTS THE BOARD IN FULLIFILLING ITS OVERSIGHT RESPONSIBILITIES RELATING TO THE COMPENSATION AND BENEFITS OF THE CEO AND THE CFO; AND PROVIDES RECOMMENDATIONS REGARDING MANAGEMENT SUCCESSORS. THE COMMITTEE REVIEWS AND RECOMMENDS TO THE BOARD THE SALARY AND ANNUAL MERIT ADJUSTMENTS FOR THE CEO, THE CFO, AND SELECTED KEY EXECUTIVES. SECTION C, QUESTION 19 THE FUND'S FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST FROM THE PUBLIC AS WELL AS BEING AVAILABLE ON THE FUND'S WESBITE. THE FUND'S ANNUAL TAX RETURN IS MADE AVAILABLE ON ITS WEBSITE. THE FUND'S FINANCIAL STATEMENTS AND FORM 990 INFORMATION IS ALSO AVAILABLE THROUGH CHARITY NAVIGATOR, BETTER BUSINESS BUREAU AND GUIDESTAR.