2023-02-16T06:31:54-06:00 2022-04-30 521446779 JOHNSON LAMBERT LLP 4242 SIX FORKS ROAD SUITE 1500 RALEIGH NC 27609 990 2021-05-01 275024342 THE AMERICAN COLLEGE OF TRUST AND ESTATE COUNSEL FOUNDATION AMER 2026848460 901 15TH STREET NW 525 WASHINGTON DC 200052348 KATHLEEN R SHERBY TREASURER 2026848460 2023-02-16 1 KATHLEEN SHERBY 999009999 J CALVIN MARKS P01226973 9197196400 3 AAL1 IAL1 2021 2023-03-07 01:45:13Z DEBORAH O MCKINNON 901 15TH STREET NW 525 WASHINGTON DC 200052348 784548 0 X WWW.ACTECFOUNDATION.ORG X 1982 CA SEE SCHEDULE O. 27 27 0 32 0 0 168632 152204 0 0 216942 175447 0 0 385574 327651 69909 57909 0 0 0 0 0 0 0 62920 114450 132829 172359 252745 155292 2658153 2503676 176570 205585 2481583 2298091 X THE ACTEC FOUNDATION PROMOTES SCHOLARSHIP AND EDUCATION IN TRUST, ESTATE, TAX, AND RELATED AREAS OF THE LAW BY SUPPORTING SCHOLARSHIP TO IMPROVE THE LAW AND BY ENCOURAGING TEACHING, CAREERS AND LIFE-LONG LEARNING IN THE AREA. THE FOUNDATION ALSO ENCOURAGES CIVIC ENGAGEMENT OF INDIVIDUAL FELLOWS OF THE AMERICAN COLLEGE OF TRUST AND ESTATE COUNSEL THROUGH PROGRAMS AND ACTIVITIES THAT SERVE THE GENERAL COMMUNITY. 0 0 99909 57909 GRANT MAKING - THE FOUNDATION PROMOTES SCHOLARSHIP AND EDUCATION IN TRUST, ESTATE AND TAX RELATED AREAS BY SUPPORTING AND ENCOURAGING TEACHING, CAREERS AND LIFE LONG LEARNING. 99909 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 9 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 27 27 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X DEBORAH OBERST 2026848460 901 15TH STREET NW NO 525 WASHINGTON DC 200052348 X JEFFREY C THEDE PRESIDENT 5.00 X X 0 0 0 JOHN T ROGERS JR VICE PRESIDENT 5.00 X X 0 0 0 JAMES M MADDOX TREASURER (TO MAR '22) 5.00 X X 0 0 0 KATHLEEN R SHERBY SECRETARY 5.00 X X 0 0 0 CHRISTOPHER B HUNT CHAIR, FUNDRAISING CTE 2.00 X 0 0 0 MELISSA J WILLMS CHAIR, GRANT CTE 2.00 X 0 0 0 SUSAN L ABBOTT DIRECTOR 2.00 X 0 0 0 BRAD BEDINGFIELD DIRECTOR (FROM MAR '22) 2.00 X 0 0 0 ELAINE M BUCHER DIRECTOR (TO MAR '22) 2.00 X 0 0 0 STEPHANIE B CASTEEL DIRECTOR 2.00 X 0 0 0 LORA G DAVIS DIRECTOR 2.00 X 0 0 0 P DANIEL DONOHUE DIRECTOR (TO MAR '22) 2.00 X 0 0 0 ERIK DRYBURGH DIRECTOR 2.00 X 0 0 0 DAVID F EDWARDS DIRECTOR 2.00 X 0 0 0 DAVID M ENGLISH DIRECTOR (TO MAR '22) 2.00 X 0 0 0 THERON E FRY DIRECTOR 2.00 X 0 0 0 THOMAS P GALLANIS DIRECTOR 2.00 X 0 0 0 SUSAN N GARY DIRECTOR 2.00 X 0 0 0 PETER S GORDON DIRECTOR 2.00 X 0 0 0 CHASITY GRICE DIRECTOR (FROM MAR '22) 2.00 X 0 0 0 T RANDOLPH HARRIS DIRECTOR 2.00 X 0 0 0 JOSEPH G HODGES JR DIRECTOR 2.00 X 0 0 0 CHRISTOPHER R HOYT DIRECTOR 2.00 X 0 0 0 BENETTA P JENSON DIRECTOR 2.00 X 0 0 0 ROBERT KIRKLAND DIRECTOR (FROM MAR '22) 2.00 X 0 0 0 W CAMERON MCCULLOCH DIRECTOR 2.00 X 0 0 0 MICHELE A W MCKINNON DIRECTOR 2.00 X 0 0 0 CHARLES IAN NASH DIRECTOR 2.00 X 0 0 0 JEANNE L NEWTON DIRECTOR (FROM MAR '22) 2.00 X 0 0 0 BRUCE S ROSS DIRECTOR 2.00 X 0 0 0 ALAN F ROTHSCHILD JR DIRECTOR 2.00 X 0 0 0 ROBERT E TEMMERMAN JR DIRECTOR (TO MAR '22) 2.00 X 0 0 0 DEBORAH O MCKINNON EXECUTIVE DIRECTOR 6.00 X 0 0 0 0 0 0 0 0 0 0 0 152204 1199 152204 36237 36237 596107 456897 139210 139210 139210 327651 0 0 175447 23409 23409 34500 34500 12820 12820 25889 25889 2516 2516 14965 14965 10428 10428 5807 5807 EDUCATIONAL SERVICES 42000 42000 STATE REGISTRATION FEES 25 25 172359 99909 72450 0 137816 181994 108080 104243 1450 4050 3780 3780 24324 24324 0 0 2397239 2203666 9788 5943 2658153 2503676 9448 1297 164032 199555 3090 4733 176570 205585 X 2044926 1895980 436657 402111 2481583 2298091 2658153 2503676 X 155292 -349918 11134 X 0 1 X 1 0 X 203972 118034 132212 168632 152204 775054 203972 118034 132212 168632 152204 775054 83075 32290 30935 26833 21350 194483 5949 2452 1219 9620 83075 32290 36884 29285 22569 204103 570951 37693 43449 41405 36126 36237 194910 37693 43449 41405 36126 36237 194910 300 300 241965 161483 173617 204758 188441 970264 0.58840 0.59890 0.20090 0.20220 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 436657 -34546 402111 327456 109201 436657 329591 7865 10000 327456 308443 500 20648 329591 295290 550 22603 10000 308443 0.68196 0.31804 0 0 24324 24324 0 0 INTERCOMPANY DUE TO 4733 4733 195844 -349918 244000 -105918 301762 25889 25889 327651 379336 244000 244000 135336 25889 11134 37023 172359 PART XII, LINE 4B - OTHER ADJUSTMENTS: RETURN GRANTS 11,134. 1 TULANE UNIVERSITY SCHOOL OF LAW 6329 FRERET ST NEW ORLEANS LA 70118 720423889 501(C)(3) 20000 0 ACTEC FOUNDATION SYMPOSIUM 1 0 DENNIS I. BELCHER YOUNG LEADERS PROGRAM 4 22000 2022 MARY MOERS WENIG STUDENT WRITING COMPETITION 5 12500 PART I, LINE 2: ORGANIZATION RECEIVES REPORT FROM THE GRANTEES AT THE ORGANIZATION'S ANNUAL MEETING, AS WELL AS RECEIVES COPIES OF ANY OUTPUT FROM THE GRANT (PUBLICATIONS, PAPERS, ETC.). 0 0 0 0 0 0 0 0 0 PART I, LINE 3 THE FOUNDATION'S EXECUTIVE DIRECTOR IS COMPENSATED BY THE AMERICAN COLLEGE OF TRUST AND ESTATE COUNSEL. ACTEC USES THE FOLLOWING METHODS TO ESTABLISH THE COMPENSATION OF THE EXECUTIVE DIRECTOR: COMPENSATION COMMITTEE, WRITTEN EMPLOYMENT CONTRACT, AND APPROVAL BY THE BOARD. THE EXECUTIVE DIRECTOR'S COMPENSATION IS PRESENTED AS FOLLOWS: SALARIES $387,500 DEFERRED COMPENSATION $14,500 NONTAXABLE BENEFITS $17,319 FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE SHALL CONSIST OF THE PRESIDENT, IMMEDIATE PAST PRESIDENT (IF HE OR SHE IS SERVING ON THE BOARD OF DIRECTORS), VICE PRESIDENT, SECRETARY, TREASURER AND THE CHAIRS OF THE GRANT AND FUNDRAISING COMMITTEES. THE EXECUTIVE COMMITTEE SHALL HAVE AND MAY EXERCISE ALL THE AUTHORITY OF THE BOARD IN THE MANAGEMENT OF THE BUSINESS AND AFFAIRS OF THE FOUNDATION BETWEEN MEETINGS OF THE BOARD, EXCEPT AS OTHERWISE LIMITED IN THE FOUNDATION'S BYLAWS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY MANAGEMENT AND A DESIGNATED BOARD MEMBER. PRIOR TO FILING, A COPY OF THE FORM 990 IS DISTRIBUTED TO THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION PUT ITS CONFLICT OF INTEREST POLICY INTO PLACE IN THE FALL OF 2010. OPERATIONALLY, THE ORGANIZATION HAS CHECKS AND BALANCES TO MONITOR THE CONFLICT OF INTEREST POLICY TO ENSURE THAT THERE ARE NO CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION C, LINE 19 COPIES OF THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: RETURN GRANTS 11,134.