2012-11-01T09:11:06-05:00 2011-12-31 540504608 BROWN EDWARDS & COMPANY LLP PO BOX 10189 LYNCHBURG VA 245060189 990 2011-01-01 540505959 THOMAS JEFFERSON FOUNDATION INC THOM 4349849806 PO BOX 316 CHARLOTTESVILLE VA 22902 VICTORIA W JONES 4349849806 2012-10-08 1 SUSAN ACKLEY P00025524 4349489000 2011 2016-02-24 21:20:13Z LESLIE G BOWMAN PO BOX 316 CHARLOTTESVILLE VA 22902 26204855 0 X WWW.MONTICELLO.ORG X 1923 VA THE THOMAS JEFFERSON FOUNDATION'S MISSION IS TWO-FOLD: PRESERVATION AND EDUCATION PRESERVATION-TO CONSERVE, PROTECT AND MAINTAIN MONTICELLO IN A MANNER THAT LEAVES IT ENHANCED AND UNIMPAIRED FOR FUTURE GENERATIONS. EDUCATION- TO INTERPRET AND PRESENT THOMAS JEFFERSON TO THE WIDEST POSSIBLE AUDIENCES, INCLUDING SCHOLARS AND THE GENERAL PUBLIC. 16 16 428 112 601268 0 10831598 8449190 7812877 7790363 1850431 2171397 4403902 4433940 24898808 22844890 196399 134902 0 0 10921215 11286827 0 0 1239879 10614509 10982693 21732123 22404422 3166685 440468 232268395 233659504 38411156 41160484 193857239 192499020 THE THOMAS JEFFERSON FOUNDATION'S MISSION IS TO PRESERVE MONTICELLO AND EDUCATE THE WIDEST AUDIENCE REGARDING THOMAS JEFFERSON INCLUDING SCHOLARS AND THE GENERAL PUBLIC. 0 0 12451627 11781328 THE THOMAS JEFFERSON FOUNDATION OPERATES MONTICELLO, THE HOME OF THE NATION'S THIRD PRESIDENT AND AUTHOR OF THE AMERICAN DECLARATION OF INDEPENDENCE. OVER 440,000 PEOPLE VISIT MONTICELLO ANNUALLY. 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 NATION'S 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 AND CATALOG. THE REVENUE CONTRIBUTES TO THE PRESERVATION OF MONTICELLO FOR FUTURE GENERATIONS, WHICH IS ONE OF THE MISSIONS OF THE FOUNDATION. 3789457 134902 THE THOMAS JEFFERSON FOUNDATION OPERATES THE ROBERT H. SMITH INTERNATIONAL CENTER FOR JEFFERSON STUDIES (ICJS), WHICH HOUSES THE THOMAS JEFFERSON LIBRARY. THE CENTER IS ALSO DEVOTED TO RESEARCH AND EDUCATION OF THE GENERAL PUBLIC AS WELL AS SCHOLARLY RESEARCH AND PUBLICATIONS, THROUGH THE JEFFERSON LIBRARY, ARCHEOLOGICAL RESEARCH AND PUBLICATION, AND OTHER ADULT EDUCATION PROGRAMS. THE ICJS ALSO IS RESPONSIBLE FOR THE RESEARCH AND PUBLICATION OF 23 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". 1706504 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. THE FOUNDATION'S COLLECTIONS ARE MAINTAINED FOR PUBLIC EXHIBITION, EDUCATION, AND RESEARCH IN ORDER TO ADVANCE UNDERSTANDING OF JEFFERSON AND MONTICELLO IN FUTHERANCE OF PUBLIC SERVICE. 17947588 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 1 0 0 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 1 X 90 0 1 428 1 1 1 0 0 0 0 1 1 1 2 0 0 1 1 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 VA AL AK AZ AR CA CO CT FL GA HI IL KS KY LA ME MD MA MI MN MS NH NJ NM NY NC OH OK OR PA RI SC TN UT WA WV WI ND DC X PHILIPPE JD HEUSCHEN CONTROLLER 4349849806 1050 MONTICELLO LOOP ROAD CHARLOTTESVILLE VA 22902 H EUGENE LOCKHART JR 1.00 X X 0 0 0 DONALD A KING JR 1.00 X X 0 0 0 LUELLA DAVIS 1.00 X X 0 0 0 ADELE CHATFIELD-TAYLOR 1.00 X 0 0 0 CHARLES T CULLEN 1.00 X 0 0 0 COURTNAY DANIELS 1.00 X 0 0 0 GINGER HUANG DIETRICH 1.00 X 0 0 0 B GRADY DURHAM 1.00 X 0 0 0 DAVID R GOODE 1.00 X 0 0 0 JF BRYAN IV 1.00 X 0 0 0 FRITZ KUNDRUN 1.00 X 0 0 0 RICHARD A MAYO 1.00 X 0 0 0 CARTER MCNEELY 1.00 X 0 0 0 CHARLOTTE MOSS 1.00 X 0 0 0 LIBBY H O'CONNELL 1.00 X 0 0 0 JOHN CHARLES THOMAS 1.00 X 0 0 0 LESLIE G BOWMAN 40.00 X 336519 0 60280 ANN H TAYLOR 40.00 X 171432 0 15585 VICTORIA W JONES 40.00 X 170825 0 16602 SUSAN R STEIN 40.00 X 115380 0 12363 ELIZABETH G BLAINE 40.00 X 110906 0 138 GARY SANDLING 40.00 X 112232 0 10092 JOHN J LOONEY 40.00 X 111918 0 14083 ANDREW O'SHAUGHNESSY 40.00 X 106631 0 10810 KENNETH MITCHELL 40.00 X 100781 0 8567 1336624 0 148520 9 0 1 0 OPTIMA HEALTH PO BOX 791148 BALTIMORE MD 212791148 HEALTH INSURANCE 740771 MARTIN HORN INC 210 CARLTON ROAD CHARLOTTESVILLE VA 22902 CONSTRUCTION CONSULTANT 559593 UNITED PARCEL SERVICE PO BOX 7247-0244 PHILADELPHIA PA 191700001 RETAIL SHIPPING 541730 BANK OF AMERICA PO BOX 15796 WILMINGTON DE 198865796 CREDIT CARD SERVICE 505593 BANKERS INSURANCE LLC PO BOX 79823 BALTIMORE MD 212790823 INSURANCE 410795 21 9346 445670 7994174 975462 8449190 ADMISSIONS FEES 900099 7257957 7257957 OTHER PROGRAM INCOME 900099 212602 212602 EDUCATION PROGRAM 900099 210420 210420 FOOD SERVICE SALES 453220 109384 109384 7790363 519983 26187 493796 29325 29325 109502 0 109502 109502 109502 1936874 285460 1651414 1651414 132106 1519308 7369618 3074505 4295113 3852138 442975 22844890 11781328 601268 2013104 134902 134902 1236026 702335 273470 260221 8011413 7022417 772874 216122 401587 342420 42095 17072 918744 782178 107600 28966 719057 614681 71153 33223 449999 48342 401657 146338 146338 21029 21029 610290 589001 6764 14525 331617 319440 12177 1536887 1381223 119489 36175 400068 328085 30186 41797 205 205 644709 572461 68281 3967 520510 306082 44202 170226 1162951 1162951 2848235 1987629 651311 209295 278257 45794 232463 EQUIPMENT RENTAL AND MA 856154 641946 111341 102867 PRINTING AND PUBLICATIO 586981 492232 15544 79205 OPERATING SUPPLIES 406646 337164 51217 18265 CONSERVATION AND COLLEC 65409 65409 116408 70691 37764 7953 22404422 17947588 3216955 1239879 6609112 6774288 10527148 8674169 50574 81585 1672676 1836434 339175 335750 88753366 14249232 75073938 74504134 29722457 26751399 107544373 114032348 728942 669397 232268395 233659504 1919409 1744663 29920000 29838000 2630008 1520471 3941739 8057350 38411156 41160484 X 124405007 126014013 30250137 27235063 39202095 39249944 193857239 192499020 232268395 233659504 X 440468 -1798687 X X 0 1 1 X 0 X 21261858 11456170 11674682 10831598 8449190 63673498 21261858 11456170 11674682 10831598 8449190 63673498 24865872 38807626 841840 835604 503389 891729 658810 3731372 442922 360016 423780 477542 442975 2147235 138566 128110 164346 76308 109384 616714 70168819 63194084 0.55310 0.52020 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 21029 21029 0 EXPLANATION OF OTHER LOBBYING ACTIVITIES: PART II-B, LINE 1I: THE FOUNDATION ENGAGED THE SERVICES OF TWO INDEPENDENT CONTRACTORS TO LOBBY ALBERMARLE COUNTY OFFICIALS REGARDING A ZONING AMENDMENT TO THE MONTICELLO HISTORIC DISTRICT. X X X X 0 100185452 2485325 1891044 2238226 102323595 95993551 2193004 4144361 2145464 100185452 71387250 19541882 6901291 1836872 95993551 65172406 16008923 -7022774 2771305 71387250 0.49000 0.39000 0.12000 0 0 16468997 16468997 52653658 6830354 45823304 121895 97509 24386 8181355 3854522 4326833 11327461 3466847 7860614 74504134 PRIVATE INVESTMENT COMPANIES 114032348 F 114032348 ANNUITY PAYABLE AND SPLIT INTEREST LIABILITIES 675501 SWAP LIABILITIES 4818896 NET PENSION LIABILITY 2562953 8057350 22844890 22404422 440468 2729639 -82712 -4445614 -1798687 -1358219 24178340 2729639 82712 -1478901 1333450 22844890 0 22844890 23858243 82712 -3074505 -2991793 26850036 -4445614 -4445614 22404422 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: ALL ENDOWMENT INVESTMENTS ARE CLASSIFIED AS NONCURRENT ASSETS TO RECOGNIZE THE FOUNDATION'S INTENT TO CONTINUALLY REINVEST EARNINGS AND MAINTAIN PRINCIPAL. THE FOUNDATION HAS A POLICY OF APPROPRIATING 5% OF THE AVERAGE MARKET VALUE AS OF JUNE 30 OF THE THREE PRECEDING YEARS TO SUPPORT THE OPERATIONS OF THE FOUNDATION WHILE PRESERVING POWER OF THE ENDOWMENT'S PRINCIPAL. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN PENSION LIABILITY -1,120,840. UNREALIZED LOSS ON INTEREST RATE SWAP CONTRACT -3,324,774. TOTAL TO SCHEDULE D, PART XI, LINE 8: -4,445,614. PART XII, LINE 2D - OTHER ADJUSTMENTS: GAIN ON SALE OF ASSETS OTHER THAN INVENTORY -1,651,414. INVESTMENT INCOME INCLUDED ABOVE IN SUPPORT PER AUDIT 516,083. CHANGE IN ALLOWANCE FOR UNCOLLECTIBLE CONT RECEIVABLE -343,570. PART XIII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD -3,074,505. PART XIII, LINE 4B - OTHER ADJUSTMENTS: UNREALIZED LOSS ON INTEREST RATE SWAP CONTRACT -3,324,774. CHANGE IN PENSION LIABILITY -1,120,840. 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 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 X, LINE 2: THE FOUNDATION HAS NET OPERATING LOSS CARRYFORWARDS TOTALING MORE THAN $3 MILLION, WITH EXPIRATIONS RANGING FROM 2019 TO 2029. 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. 1 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICE ARCHAEOLOGY RESEARCH 46158 EUROPE 0 0 PROGRAM SERVICE CONFERENCES 43681 0 0 0 0 0 0 89839 0 89839 0 0 0 0 0 0 PART I, ITEM 3 - CARIBBEAN - THE FOUNDATION HOLDS ARCHAEOLOGICAL FIELD RESEARCH AT THE PAPINE SLAVE VILLAGE LOCATED ON THE CAMPUS OF THE UNIVERSITY OF THE WEST INDIES, MONA KINGSTON JAMAICA. EXPENDITURES INCLUDE TRAVEL TO AND FROM THE FIELD SITE, VEHICLE RENTAL AND FUEL, LOCALLY PURCHASED EQUIPMENT, MEALS AND HOUSING FOR CREW MEMBERS, AND HONORARIA FOR JAMAICAN VOLUNTEERS. THE FOUNDATION ALSO HELD A CONFERENCE IN CUBA ON DECEMBER 7, 2011 ENTITLED: "JEFFERSON AND CUBA" AT THE UNIVERSITY OF HAVANA. PART I, ITEM 3 - EUROPE: THE FOUNDATION HELD THE FOLLOWING CONFERENCES: PARIS, FRANCE IN ASSOCIATION WITH CERCLE JEFFERSON FRANCE-AMERIQUE. MOSCOW, RUSSIA "IDEALISM, STATECRAFT AND FOREIGN POLICY IN JEFFERSONIAN AMERICA AND RUSSIA OF ALEXANDER I" IN ASSOCIATION WITH THE RUSSIAN ACADEMY OF SCIENCES. 1 FELLOWSHIPS 32 104963 0 N/A NONE THE FELLOWSHIP AWARDS ARE MADE TO DOCTORAL CANDIDATES AND POSTDOCTORAL SCHOLARS WORKING ON THOMAS JEFFERSON RELATED OR THOMAS JEFFERSON ERA PROJECTS. ALL FELLOWS 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 THOMAS JEFFERSON PROFESSORS AT THE UNIVERSITY OF VIRGINIA HISTORY DEPARTMENT. THE FELLOWSHIP AWARDS ARE GIVEN FOR THE MOST WORTHY PROPOSALS. X X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 LESLIE G BOWMAN 336519 0 0 0 0 0 14700 0 45580 0 396799 0 0 0 ANN H TAYLOR 171432 0 0 0 0 0 10240 0 5345 0 187017 0 0 0 VICTORIA W JONES 170825 0 0 0 0 0 9055 0 7546 0 187426 0 0 0 SUPPLEMENTAL INFORMATION PART III PART I, LINE 1A: THE FOUNDATION HAS A TRAVEL AND 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. PART I, LINE 1A: 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 1A: THE FOUNDATION COVERS A PORTION OF HEALTH CLUB MEMBERSHIP FOR ALL EMPLOYEES WHO ELECT SUCH MEMBERSHIP. EDA OF ALBEMARLE COUNTY VIRGINIA 521297503 2011-12-20 29840000 REVENUE REFUNDING BOND FOR CONSTRUCTION OF VISITOR CENTER 0 0 0 29840000 2009 1 0 1 1 0 0 0 0 1 1 1 0 NA 0 0 0 NA 0 0 1 X X 20 975462 FAIR MARKET VALUE X 14 0 SEE PART II EXPLANATION 7 0 1 0 NON REPORTING OF REVENUE: PART I, LINE 33: THE FOUNDATION HAS ELECTED NOT TO CAPITALIZE ITS HISTORIC PROPERTIES AND COLLECTIONS. THESE COLLECTIONS ARE RELATED TO THOMAS JEFFERSON AND HIS PLANTATION HOME, MOTICELLO. THEREFORE, THE FOUNDATION DOES NOT RECOGNIZE THE DONATION OF COLLECTION ITEMS AS CONTRIBUTION REVENUE. FORM 990, PART VI, SECTION B, LINE 11 THE FOUNDATION'S FORM 990 IS REVIEWED AND APPROVED BY MANAGEMENT, 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, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE REVIEWS COMPENSATION FOR OFFICERS AND UPPER MANAGEMENT ANNUALLY. THE FOUNDATION USES SALARY INFORMATION OBTAINED FROM GUIDESTAR NON PROFIT COMPENSATION REPORT AND SALARY SURVEYS AS FOLLOWS: PRM; ASSOCIATION OF ART MUSEUM DIRECTORS; NATIONWIDE MUSEUM AND CULTURAL INSTITUTION SURVEY; AMERICAN PUBLIC GARDENS ASSOCIATION COMPENSATION AND BENEFITS SURVEY; INFORMATION OBTAINED FROM THE BUSINESS AND LEGAL REPORTS (BLR) WEBSITE; INFORMATION OBTAINED FROM THE UVA WEBSITE; INFORMATION OBTAINED FROM OTHER HISTORICAL SITES SUCH AS MOUNT VERNON, MONTPELIER, COLONIAL WILLIAMSBURG; AND, INFORMATION OBTAINED FROM SURROUNDING LOCATIONS SUCH AS THE CITY OF CHARLOTTESVILLE, HENRICO COUNTY, AND ALBEMARLE COUNTY. 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 AND FINANCE COMMITTEE HAVE THE FINAL APPROVAL FOR ALL OFFICER AND UPPER MANAGEMENT COMPENSATION. FORM 990, PART VI, SECTION C, LINE 18 THE FOUNDATION MAKES ITS 990, 990T AND FEDERAL FORM 1023 AVAILABLE TO INDIVIDUALS OR BUSINESSES WHO REQUEST THIS INFORMATION. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION DOES NOT PUBLISH ITS ORGANIZATIONAL DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS. UPON REQUEST, THE FOUNDATION WILL MAKE THIS INFORMATION AVAILABLE TO THE PUBLIC. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 2,729,639. DONATED SERVICES AND USE OF FACILITIES: -82,712. CHANGE IN PENSION LIABILITY -1,120,840. UNREALIZED LOSS ON INTEREST RATE SWAP CONTRACT -3,324,774. TOTAL TO FORM 990, PART XI, LINE 5: -1,798,687. FORM 990, PART XI, LINE 2C - THE AUDIT COMMITTEE IS RESPONSIBLE FOR OVERSIGHT OF THE FOUNDATION'S AUDIT AND SELECTION OF AN INDEPENDANT CERTIFIED PUBLIC ACCOUNTANT. CONTRIBUTIONS FORM 990, PART V, QUESTIONS 7G AND 7H THE FOUNDATION DID NOT RECEIVE CONTRIBUTIONS OF QUALIFIED INTELLECTUAL PROPERTY IN 2011, THEREFORE THERE WAS NO FORM 8899 REQUIRED. ADDITIONALLY, THE FOUNDATION DID NOT RECEIVE ANY CONTRIBUTION OF PROPERTY THAT WOULD REQUIRE THE FOUNDATION TO FILE FORM 1098-C. TJF REALTY LLC P O BOX 316 CHARLOTTESVILLE VA 22902 522444690 LAND INVESTMENT VA N/A TJF REALTY, LLC WAS DISSOLVED IN APRIL 2011 AND ALL ITS ASSETS TRANSFERRED TO THE FOUNDATION.