2011-11-14T13:39:14-05:00 2010-12-31 GRANT THORNTON LLP 175 W JACKSON BLVD STE 2000 CHICAGO IL 60604 990 2010-01-01 201030638 Mather Foundation MATH 8474927500 1603 Orrington Avenue Evanston IL 60201 Mary G Leary 8474927500 2011-11-14 true ANN PETRIE 3128560200 X 2010 2016-03-07 17:11:31Z Mary G Leary 1603 Orrington Ave Suite 1800 Evanston IL 60201 260931349 false X WWW.MATHERLIFEWAYS.COM X 2004 IL Mather Foundation serves as the parent entity for the Mather Lifeways organization to hold, invest and preserve funds, which allow the entities to provide services to improve the lives of older adults. 14 13 0 0 47579 -26760 2021261 1702246 0 0 6629608 21882314 0 0 8650869 23584560 16987195 13662945 0 0 0 0 0 0 0 1862320 1895830 18849515 15558775 -10198646 8025785 397799862 407858849 60064457 33510369 337735405 374348480 X Mather Foundation serves as the parent entity for the Mather Lifeways organization to hold, invest and preserve funds, which allow the entities to provide housing, health care, community programs, research and education and other services to improve the lives of older adults. false false 13662945 13662945 0 Mather Foundation serves as the parent entity for the Mather Lifeways organization to hold, invest and preserve funds, which allow the entities to provide housing, health care, community programs, research and education and other services to improve the lives of older adults. 13662945 true true false false false false false false true false true false true true true false true false false true false false false false false false true false true false false false false false false false false false false false false false true true true false false true 0 0 0 true true false false false false false false false false false X 14 13 false false false false false false false true true false false true true true true true true false false false IL X CAROL SUSSENBACH 8474926760 1603 ORRINGTON AVENUE SUITE 1800 Evanston IL 60201 X Caren Jeff L Reed 4.0 X 0 0 0 Nancy Felton-Elkins 2.0 X 0 0 0 Mary Lou Gorno 2.0 X 0 0 0 Victoria J Herget 2.0 X 0 0 0 Dian Langenhorst 2.0 X 0 0 0 Mary G Leary 10.0 X X 0 1201594 327355 Roger E Lumpp II 2.0 X 0 0 0 Robert B McDermott 2.0 X 0 0 0 William H McLean 2.0 X 0 0 0 Stephen R Patton 2.0 X 0 0 0 John R Phillips 2.0 X 0 0 0 Scott C Smith 2.0 X 0 0 0 Vernon T Squires 2.0 X 0 0 0 Richard P Toft 2.0 X 0 0 0 Carol Sussenbach 15.0 X 0 283589 96130 Carla Windhorst 0.5 X 0 251710 78827 0 1736893 502312 0 false true false Sands Capital Management LLC PO Box 1821 MERRIFIELD VA 22116 Fund Manager 372851 Northern Trust 50 South Lasalle Street CHICAGO IL 60603 Consultant 288042 Metropolitan West Capital Managemen PO Box 515424 LOS ANGELES CA 90051 Fund Manager 278076 Summit Strategies Inc 8182 Maryland Avenue 6th Floor ST LOUIS MO 63155 Consultant 245291 Silchester International Investors TIME AND LIFE BUILDING 1 BRUTON ST LONDON ENGLAND UK W1J6TL Fund Manager 143161 7 1702246 1702246 0 7661052 47579 7613473 0 0 251568051 237346789 14221262 14221262 14221262 0 0 0 0 23584560 0 47579 21834735 13662945 13662945 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1464476 1464476 0 0 1513 1513 0 0 0 0 0 0 0 0 0 0 CORPORATE SERVICES 416429 416429 AMORTIZATION OF FINANCE COSTS 13412 13412 15558775 13662945 1895830 0 118 2391 2786196 14135691 51416567 43665995 182072867 204501138 94822192 105579875 66701922 39973759 397799862 407858849 683270 406705 31163352 31911471 28217835 1192193 60064457 33510369 X 299574552 334645294 38160853 39703186 337735405 374348480 397799862 407858849 X 8025785 28587290 X false true true X false X X false false false MATHER LIFEWAYS 362233542 0 true true true 9162945 THE MATHER 205860808 0 true true true 2350000 THE GEORGIAN 362856851 0 true true true 1450000 MATHER HEALTH CARE INC 363776145 0 true true true 700000 MATHER INVESTMENTS NFP 364266878 0 true true true 0 5 13662945 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 38160853 0 3441431 0 1702246 196852 39703186 34730413 0 5661126 0 2021261 209425 38160853 48081897 0 -10880104 0 2246079 225301 34730413 0.00000 1.00000 0.00000 true false VENTURE CAPITAL 58330122 F REAL ESTATE 12214111 F HEDGE FUNDS 35035642 F 105579875 BENEFICIAL INT-PERPETUAL TRUST 39703186 INTEREST RECEIVABLE 270573 39973759 0 NOTES PAYABLE - INTERCO 1192193 1192193 Form 990, Schedule D, Part V, Line 4 Uses of the Organization's Endowment Funds: To provide services for older adults. Form 990, Schedule D, Part X, Line 2 In July 2006, the FASB issued FASB Interpretation No. 48 ("FIN 48")(now referred to as ASC 740-10-25-6), "Accounting for Uncertainty in Income Taxes - An Interpretation of FASB Statement 109," which clarifies the accounting for uncertainty in income taxes recognized in an enterprise's financial statements in accordance with the broader concepts previously outlined in ASC 740. This new guidance prescribes a comprehensive model for recognizing, measuring, presenting and disclosing in the financial statements tax positions taken or expected to be taken on a tax return, including positions that the organization is exempt from income taxes or not subject to income taxes on unrelated business income. The Company is exempt from income tax under IRC section 501(c)(3), though it is subject to tax on income unrelated to its exempt purposes, unless that income is otherwise excluded by the IRC. Therefore, no provision for income taxes has been made in the accompanying consolidated financial statements. The tax years ending 2007, 2008 and 2009 are still open to audit for both Federal and state purposes. The Company adopted FIN 48 as of January 1, 2009, and it had no impact on the financial position and results of operations. North America Investments 279651254 Europe (Including Iceland and Greenland) Investments 5250642 Central America and the Caribbean Investments 39314808 324216704 324216704 true false false false true false true Mather Lifeways 1603 Orrington Avenue Evanston IL 60201 362233542 501(C)(3) 9162945 Mission Driven Prog. The Mather 1603 Orrington Avenue Evanston IL 60201 205860808 501(c)(3) 2350000 Mission Driven Prog. The Georgian 1603 Orrington Avenue Evanston IL 60201 362856851 501(c)(3) 1450000 Mission Driven Prog. Mather Health Care Inc 1603 Orrington Avenue Evanston IL 60201 363776145 501(c)(3) 700000 Mission Driven Prog. 4 0 Form 990, Schedule I, Part I, Line 2 Supervision through parent organization's role. false true false false false false false false false Mary G Leary 0 537531 0 653822 0 10241 0 300632 0 26723 0 1528949 0 119518 Carol Sussenbach 0 203123 0 75000 0 5466 0 68208 0 27922 0 379719 0 0 Carla Windhorst 0 187835 0 62000 0 1875 0 56815 0 22012 0 330537 0 0 Form 990, Schedule J, Part I, Line 3 Mather Foundation's top management's compensation is established by Mather LifeWays, as the compensation is paid by Mather LifeWays (a related organization). Mather LifeWays follows procedures to establish the "rebuttable" presumption of reasonableness described in the Income Tax Regulations in determining executive compensation. Compensation is reviewed annually by the Board's Compensation Committee, which consists of independent directors who obtain and rely on appropriate data as to comparability. Objective evidence of reasonableness and comparability is obtained from information provided by an independent, third party compensation consultant. Determination of executive compensation involves benchmarking with comparative market compensation data to ensure that compensation is fair, equitable, and within the standards of compensation utilized within the industry. Compensation decisions are documented and reviewed with the full Board. Form 990, Schedule J, Part I, Line 4B Mary Leary, Carol Sussenbach, Carla Windhorst are participants in Mather Lifeways' 457(f) plans. No distributions were paid out during 2010. Form 990, Part VI, Section B, Line 11b The Form 990, including schedules, was distributed to the members of the Mather Foundation Audit Committee of the Board of Directors. The committee met with management and reviewed the Form 990. Subsequently, the Form 990 was distributed to each director. All comments and questions were directed to the organization's Chief Financial Officer. Form 990, Part VI, Section B, Line 12c Annually all board members, officers and senior staff must disclose any interests that could give rise to conflicts. Any conflicts are referred to the Chairman of the Board of Directors, who takes appropriate action, inlcuding sharing the questionnaires with the full Board when necessary. Form 990, Part VI, Section B, Line 15 All compensation for officers/directors/key employees is paid by a related organization, Mather Lifeways. Mather Foundation relied on Mather Lifeways to review this information for all compensation paid. Form 990, Part VI, Section C, Line 19 The organization's governing documents, conflict of interest policy, and financial statements are available upon request. Form 990, Part XI, Line 5 Unrealized Gain - Investments $27,044,958 Unrealized Gain - Endowment $ 1,542,332 --------------- Total $28,587,290 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:Caren (Jeff) L. Reed TITLE:Chairman HOURS:1 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:Victoria J. Herget TITLE:Director HOURS: HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:Mary G. Leary TITLE:Director, CEO HOURS:50 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:Robert B. McDermott TITLE:Director HOURS:1 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:John R. Phillips TITLE:Director HOURS: HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:Vernon T. Squires TITLE:Director HOURS: HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:Carol Sussenbach TITLE:Treasurer HOURS:35 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:Carla Windhorst TITLE:Secretary HOURS:50 Mather Lifeways 1603 Orrington Ave Suite 1800 Evanston IL 60201 362233542 Older Adult IL 501(c)(3) 7 Mather Fdn Mather Health Care Inc 1603 Orrington Ave Suite 1800 Evanston IL 60201 363776145 Health Care IL 501(c)(3) 9 Mather life Mather Investments NFP 1603 Orrington Ave Suite 1800 Evanston IL 60201 364266878 Older Adult IL 501(c)(3) 9 Mather Life The Georgian 1603 Orrington Ave Suite 1800 Evanston IL 60201 362856851 Senior Living IL 501(c)(3) 9 Mather Life The Mather 1603 Orrington Ave Suite 1800 Evanston IL 60201 205860808 Senior Living IL 501(c)(3) 9 Mather Life Alonzo Mather Foundation PO Box 3038 Milwaukee WI 53201 366015440 Grants IL 501(c)(3) PF na Alonzo Clark Mather Trust 231 S Lasalle St Chicago IL 60697 366010112 Grants IL 501(c)(3) PF na true true true true true false false false false false false false false false true false false false Mather Lifeways a 1233594 Mather Lifeways b 9162945 The Mather b 2350000 The Georgian b 1450000 Mather Health Care Inc b 700000 Alonzo Mather Foundation c 1485246 Alonzo Clark Mather Trust c 217000 Mather LifeWays d 31911471 Mather Investments NFP d 11754523 Mather LifeWays e 1192193 Mather LifeWays o 416429 Form 990, Schedule R, Part V, Line 2, Column B Transaction Type 'B' - Gift, grant, or capital contribution to other organization(s): Every year, the resources that Mather LifeWays and its affiliates will need to support its mission are evaluated against anticipated revenues. If revenues are not sufficient to cover expenses, a contribution to Mather LifeWays and its affiliates by Mather Foundation (affiliated organization) is evaluated and included in the annual budget. The budget is approved by the board of directors. The actual contribution is calculated at the end of the fiscal year by determining the needs of Mather Lifeways and its affiliates within the budgeted parameters. Transaction Type 'D' - Loans or Loan Guarantees to or for other Organization(s): Mather Foundation has intercompany loans and receivables with Mather Investments, NFP and Mather Lifeways. Costs of services and other items are charged to the related entity, and are then settled via intercompany accounts. Transaction Type 'E' - Loans or Loan Guarantees by other Organization(s): Mather Foundation has intercompany loans and receivables from Mather Lifeways. Costs of services and other items are charged to the related entity, and are then settled via intercompany accounts. Transaction Type 'O' - Reimbursement paid to other organization for expenses: Mather Lifeways is reimbursed by Mather Foundation for personnel, space, and other expenses paid on its behalf. Reimbursement is based on actual amounts paid by Mather Lifeways on Mather Foundation's behalf. No markup is added. Reimbursement is handled through an intercompany account maintained by the two organizations.