2022-11-02T15:43:04-05:00 2021-12-31 131655065 LUTZ AND CARR CPAS LLP 551 FIFTH AVENUE SUITE 400 NEW YORK NY 10176 990 2021-01-01 813815673 BRIDGES IMPACT FOUNDATION BRID 2123805509 125 HIGH STREET 220 BOSTON MA 02110 BRIAN TRELSTAD PRESIDENT 6466907589 2022-11-01 1 BRIAN TRELSTAD 999009999 FREDERICK MARTENS P00298107 2126972299 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z X BRIAN TRELSTAD 125 HIGH STREET 220 BOSTON MA 02110 401774 0 X N/A X 2016 DE TO FOSTER AND SUPPORT THE DEVELOPMENT OF IMPACT INVESTING, SOCIAL ENTREPRENEURSHIP, AND OTHER INNOVATIVE FUNDING MECHANISMS TO EFFECT SOCIAL CHANGE BY, AMONG OTHER ACTIVITIES, (A) CREATING AND FACILITATING EDUCATIONAL FORUMS, TRAININGS, WORKSHOPS AND PROGRAMS, (B) CONDUCTING, COLLECTING, SUPPORTING, PUBLISHING AND DISSEMINATING RESEARCH, (C) AND DEVELOPING AND PROMOTING COLLABORATIONS, RELATIONSHIPS AND FIELD-BASED PROGRAMS. 4 2 5 86 0 0 140000 55663 147783 345961 1 0 360 150 288144 401774 0 256023 0 0 300137 328028 0 0 40968 139106 161936 439243 745987 -151099 -344213 674593 482504 141534 293658 533059 188846 X TO FOSTER AND SUPPORT THE DEVELOPMENT OF IMPACT INVESTING, SOCIAL ENTREPRENEURSHIP, AND OTHER INNOVATIVE FUNDING MECHANISMS TO EFFECT SOCIAL CHANGE BY, AMONG OTHER ACTIVITIES, (A) CREATING AND FACILITATING EDUCATIONAL FORUMS, TRAININGS, WORKSHOPS AND PROGRAMS, (B) CONDUCTING, COLLECTING, SUPPORTING, PUBLISHING AND DISSEMINATING RESEARCH, (C) AND DEVELOPING AND PROMOTING COLLABORATIONS, RELATIONSHIPS AND FIELD-BASED PROGRAMS. 0 0 619394 256023 345961 IN 2021, THE BRIDGES IMPACT FOUNDATION CONTINUED TO SPONSOR TWO PROGRAMS: IMPACT FRONTIERS; AND THE MBA IMPACT INVESTMENT NETWORK AND TRAINING (THE TURNER MIINT). IN 2021, IMPACT FRONTIERS OFFERED ITS IMPACT MANAGEMENT PROGRAM TO MORE THAN 80 ASSET MANAGERS AND ASSET OWNERS GLOBALLY. IT ALSO FACILITATED FURTHER CONSENSUS-BUILDING PROJECTS IN AREAS OF PRACTICE WHERE STANDARDS AND GUIDANCE DO NOT YET EXIST, SUCH AS INVESTOR CONTRIBUTION. THE ORGANIZATION EVOLVED FROM A SOLO ENTREPRENEUR TO A TEAM PHASE WHICH WOULD BECOME THE FOUNDATION FOR IMPLEMENTING FURTHER PROJECTS IN 2022. THE TURNER MBA IMPACT INVESTING NETWORK AND TRAINING (THE MIINT) IS THE WORLD'S LARGEST AND MOST EFFECTIVE MULTI-UNIVERSITY COURSE ON IMPACT INVESTING, OPERATED IN PARTNERSHIP WITH THE UNIVERSITY OF PENNSYLVANIA'S WHARTON SCHOOL OF BUSINESS. IN 2021, THE PROGRAM CULMINATED ITS 10TH YEAR WITH 45 TOP BUSINESS AND POLICY PROGRAMS FROM AROUND THE WORLD COMPETING IN A FULLY VIRTUAL GLOBAL FINALS. THE VIRTUAL FORMAT ALLOWED JUDGES FROM MULTIPLE REGIONS AND COUNTRIES TO PARTICIPATE. 619394 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 5 0 5 1 0 0 0 0 0 0 0 0 0 0 0 0 X 4 2 1 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 NY X THE ORGANIZATION 2123805509 125 HIGH STREET 220 BOSTON MA 02110 X BRIAN TRELSTAD PRESIDENT 10.00 X X 0 0 0 MICHELE GIDDENS SECRETARY 1.00 X X 0 0 0 BRIAN WALSH TREASURER 2.00 X X 0 0 0 TASHA SEITZ BOARD MEMBER 2.00 X 0 0 0 EDUARDO MEDEIROS BOARD MEMBER 1.00 X 0 0 0 MICHAEL MCCRELESS PROGRAM MANAGER - IMPACT FRONTIER 40.00 X 165000 0 6600 165000 0 6600 1 0 1 0 0 55663 55663 PROGRAM SERVICE FEES 541900 345961 345961 345961 OTHER INCOME 900099 150 150 150 401774 345961 0 150 11023 11023 245000 245000 171600 128700 17160 25740 119741 91679 17250 10812 4226 3241 623 362 11322 8566 1342 1414 21139 15993 2506 2640 27518 27518 72368 70285 2083 54780 44907 9873 6843 6843 427 427 745987 619394 85625 40968 666375 289461 5000 85162 103054 1581 1667 4085 925 1637 3160 674593 482504 1178 26107 85537 267551 54819 0 141534 293658 X 220430 188846 312629 0 533059 188846 674593 482504 -344213 0 X 1 X 0 0 0 X 250000 182708 1033738 140000 55663 1662109 250000 182708 1033738 140000 55663 1662109 959690 702419 10 1 11 360 150 510 1662630 882816 0.42250 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4085 925 3160 0 3160 1 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GRANT TO RECIPIENT LOCATED IN REGION 245000 0 0 0 0 0 0 245000 0 245000 EUROPE (INCLUDING ICELAND & GREENLAND) TO FUND PROGRAM ACTIVITIES 245000 WIRE TRANSFER 0 1 0 0 0 0 0 0 0 PART I, LINE 2: THE ORGANIZATION IS PART OF THE BRIDGES FAMILY OF SOCIAL IMPACT ENTITIES, WHICH CONSISTS OF BRIDGES FUND MANAGEMENT LIMITED ("BFML"), BRIDGES VENTURES INC. ("BV INC."), BRIDGES IMPACT FOUNDATION (UK) ("BIF UK"), AND BRIDGES INSIGHTS LIMITED ("BIL"). AS SUCH, THE ORGANIZATION IS IN CLOSE CONTACT WITH EACH OF THESE OTHER ENTITIES AND HAS AN UNDERSTANDING OF THEIR OPERATING ACTIVITIES AND CONDUCT OF BUSINESS. BIL, A NON-PROFIT CORPORATION IN THE UK, WAS FORMED BY AND IS CONTROLLED BY BFML TO CONDUCT CERTAIN PROGRAM ACTIVITIES AND TO PROVIDE FIELD BUILDING ADVISORY SERVICES IN THE AREAS OF IMPACT MANAGEMENT AND MEASUREMENT. DURING THE YEAR ENDED DECEMBER 31, 2021, THE FOUNDATION AWARDED A GRANT OF $245,000 TO BIL TO SUPPORT SPECIFIC PROGRAM ACTIVITIES. PART III ACCOUNTING METHOD: 0 0 0 0 0 0 0 0 0 MICHAEL MCCRELESS PROGRAM MANAGER - IMPACT FRONTIER 165000 0 0 0 0 0 6600 0 0 0 171600 0 0 0 BRIDGES INSIGHTS LIMITED NON-PROFIT UK ENTITY FORMED BY BMFL (SEE BELOW) 245000 CASH GRANT PROGRAM FUNDING SCHEDULE L PART III THE ORGANIZATION IS PART OF THE BRIDGES FAMILY OF SOCIAL IMPACT ENTITIES, WHICH CONSISTS OF BRIDGES FUND MANAGEMENT LIMITED ("BFML"), BRIDGES VENTURES INC. ("BV INC."), BRIDGES IMPACT FOUNDATION (UK) ("BIF UK"), AND BRIDGES INSIGHTS LIMITED ("BIL"). AS SUCH, THE ORGANIZATION IS IN CLOSE CONTACT WITH EACH OF THESE OTHER ENTITIES AND HAS AN UNDERSTANDING OF THEIR OPERATING ACTIVITIES AND CONDUCT OF BUSINESS.BIL, A NON-PROFIT CORPORATION IN THE UK, WAS FORMED BY AND IS CONTROLLED BY BFML TO CONDUCT CERTAIN PROGRAM ACTIVITIES AND TO PROVIDE FIELD BUILDING ADVISORY SERVICES IN THE AREAS OF IMPACT MANAGEMENT AND MEASUREMENT. BRIAN TRELSTAD, PRESIDENT, IS A MEMBER OF THE BOARD OF DIRECTORS AND MANAGEMENT OF BFML. MICHELE GIDDENS, SECRETARY, IS A MEMBER OF THE BOOARD OF DIRECTORS AND MANAGEMENT OF BFML, AND OF THE BOARD OF DIRECTORS OF BIL.DURING THE YEAR ENDED DECEMBER 31, 2021, THE FOUNDATION AWARDED A GRANT OF $245,000 TO BIL TO SUPPORT SPECIFIC PROGRAM ACTIVITIES. FORM 990, PART VI, SECTION A, LINE 2 BRIAN TRELSTAD, PRESIDENT AND MICHELE GIDDENS, SECRETARY, ARE PARTNERS AND BOARD MEMBERS OF BRIDGES FUND MANAGEMENT. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY THE ORGANIZATION'S INDEPENDENT ACCOUNTANTS, IS REVIEWED BY THE PRESIDENT, AND THEN PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY WHICH APPLIES TO THE CORPORATION'S DIRECTORS, OFFICERS, AND KEY EMPLOYEES ("COVERED PERSONS"). EACH COVERED PERSON IS REQUIRED TO ACKNOWLEDGE, NOT LESS THAN ANNUALLY, THAT HE OR SHE HAS READ AND IS IN COMPLIANCE WITH THE POLICY. WHEN A COVERED PERSON BECOMES AWARE OF A PROPOSED COVERED TRANSACTION, HE OR SHE HAS A DUTY TO TAKE THE FOLLOWING ACTIONS: (A) IMMEDIATELY DISCLOSE THE EXISTENCE AND CIRCUMSTANCES OF SUCH COVERED TRANSACTION IN WRITING, EITHER TO THE CORPORATION'S BOARD OF DIRECTORS (THE "BOARD") OR ANY AUTHORIZED COMMITTEE THEREOF; (B) REFRAIN FROM USING HIS OR HER PERSONAL INFLUENCE TO ENCOURAGE THE CORPORATION TO ENTER INTO THE COVERED TRANSACTION; AND (C) PHYSICALLY EXCUSE HIMSELF OR HERSELF FROM PARTICIPATION IN ANY DISCUSSIONS REGARDING THE COVERED TRANSACTION WITH DIRECTORS, OFFICERS, AND EMPLOYEES OF THE CORPORATION AND AT MEETINGS OF THE BOARD OR AUTHORIZED COMMITTEE THEREOF, EXCEPT TO RESPOND TO REQUESTS FOR INFORMATION ABOUT THE COVERED TRANSACTION. IN ORDER TO ASSIST THE CORPORATION IN IDENTIFYING POTENTIAL COVERED TRANSACTIONS, EACH COVERED PERSON IS REQUIRED TO ANNUALLY COMPLETE A DISCLOSURE STATEMENT, AND TO UPDATE SUCH STATEMENT AS NECESSARY TO REFLECT CHANGES DURING THE COURSE OF THE YEAR. COMPLETED DISCLOSURE STATEMENTS ARE AVAILABLE FOR INSPECTION BY ANY MEMBER OF THE BOARD AND MAY BE REVIEWED BY THE CORPORATION'S LEGAL COUNSEL. THE BOARD IS RESPONSIBLE FOR THE FOLLOWING: (A) REVIEWING DISCLOSURE STATEMENTS OR REPORTS REGARDING SAME; (B) RECEIVING DISCLOSURES OF PROPOSED COVERED TRANSACTIONS; (C) REVIEWING PROPOSED COVERED TRANSACTIONS TO DETERMINE WHETHER THEY MEET THE STANDARD FOR APPROVAL OF COVERED TRANSACTIONS; AND (D) KEEPING, OR CAUSING TO BE KEPT, MINUTES AND SUCH OTHER DOCUMENTATION AS MAY BE NECESSARY AND APPROPRIATE TO DOCUMENT THE REVIEW OF COVERED TRANSACTIONS. FORM 990, PART VI, SECTION C, LINE 19 BRIDGES IMPACT FOUNDATION MAKES THESE DOCUMENTS AVAILABLE UPON REQUEST.