2021-11-10T19:26:09-06:00 2020-12-31 861065772 DELOITTE TAX LLP 50 SOUTH SIXTH STREET SUITE 2800 MINNEAPOLIS MN 55402 990 2020-01-01 471036008 ANNE RAY FOUNDATION ANNE 9525404053 6889 ROWLAND ROAD EDEN PRAIRIE MN 55344 NAOMI HORSAGER CFO 9525404053 2021-11-10 1 NAOMI HORSAGER XXX-XX-XXXX ANNE FULTON P00941863 6123974000 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z PAUL BUSCH 6889 ROWLAND ROAD EDEN PRAIRIE MN 55344 2298874861 0 X WWW.MACPHILANTHROPIES.ORG X 2014 MN CHARITABLE GRANTMAKING TO SOME OR ALL DESIGNATED SUPPORTED ORGANIZATIONS. 5 4 0 0 427312 0 0 0 0 0 231030834 432268518 669816 -41640188 231700650 390628330 154658814 128707710 0 0 13535952 15181194 0 0 0 14530138 14101034 182724904 157989938 48975746 232638392 4468703325 4822543908 104866827 104289264 4363836498 4718254644 X PROVIDE MEANINGFUL SUPPORT TO SOME OR ALL DESIGNATED SUPPORTED ORGANIZATIONS TO MAKE A MEASURABLE AND SUSTAINABLE DIFFERENCE ON OUR SHARED PRIORITY PROBLEMS. 0 0 141791327 128707710 SEE SCHEDULE OANNE RAY FOUNDATION PROVIDES MEANINGFUL SUPPORT TO SOME OR ALL DESIGNATED SUPPORTED ORGANIZATIONS TO MAKE A MEASURABLE AND SUSTAINABLE DIFFERENCE ON OUR IDENTIFIED PRIORITY PROBLEMS.SPECIFICALLY, THE PURPOSE OF ANNE RAY FOUNDATION IS TO PROVIDE ASSISTANCE AND SUPPORT IN ORDER TO:- ENHANCE THE QUALITY OF LIFE FOR CHILDREN, FAMILIES AND SENIORS- PREVENT AND RELIEVE SUFFERING OF CHILDREN, FAMILIES AND SENIORS- PRESERVE AND PROMOTE THE ENVIRONMENT AND THE ARTS- ENCOURAGE AND SUPPORT THE HUMANE TREATMENT OF ANIMALSDURING 2020 ANNE RAY FOUNDATION MADE GRANTS TO DESIGNATED SUPPORTED ORGANIZATIONS FOR A VARIETY OF PROGRAMS AS DETAILED ON SCHEDULE I, PART II. 141791327 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 X 11 0 0 1 1 1 BE CA DA FR GM IS NL UK 0 0 0 0 0 0 0 0 0 0 X 5 4 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 1 1 MN X X NAOMI HORSAGER 9525404053 6889 ROWLAND ROAD EDEN PRAIRIE MN 55344 X CHRISTINE MORSE BOARD CHAIR 7.00 6.00 X 66500 56500 0 PAUL BUSCH DIRECTOR/PRES & CEO 50.00 X X 0 1295780 155210 RIGHT REVEREND JOHN CHANE DIRECTOR 4.00 3.00 X 51500 37500 0 WIN NEUGER DIRECTOR 3.00 3.00 X 39000 41000 0 STUART TOBISMAN DIRECTOR 4.00 3.00 X 0 0 0 NAOMI HORSAGER TREASURER/CFO 50.00 X 0 547002 113362 HEATHER KUKLA SECRETARY/VP & GEN COUNSEL 50.00 X 0 546739 111908 TERRENCE MEERSMAN VP OF PROGRAMS 50.00 X 0 568436 103392 SHAWN WISCHMEIER CHIEF INVESTMENT OFFICER 50.00 X 0 1501714 245056 MICHAEL RUETZ DEPUTY CIO/INVESTMENT DIR. 50.00 X 0 836558 151856 MATTHEW MINNIS INVESTMENT DIRECTOR 50.00 X 0 611964 114619 RODNEY OVERCASH INVESTMENT DIRECTOR 50.00 X 0 711491 134401 TRICIA SCRIVNER INVESTMENT DIRECTOR 50.00 X 0 701266 121780 CHRISTOPHER VOGT INVESTMENT DIRECTOR 50.00 X 0 691353 133399 157000 8147303 1384983 0 0 1 0 MARGARET A CARGILL FOUNDATION 6889 ROWLAND ROAD EDEN PRAIRIE MN 55344 SHARED SERV EXP REIMBURSEMENT 23246755 CHILTON INVESTMENT COMPANY LLC 1290 E MAIN STREET STAMFORD CT 06902 INVESTMENT MANAGEMENT 1144954 RECORD CURRENCY MGMT MORGAN HOUSE MADEIRA WALK WINDSOR UK SL4 1EP INVESTMENT MANAGEMENT 843718 FISHER ASSET MANAGEMENT LLC 5525 NW FISHER CREEK DRIVE CAMAS WA 98607 INVESTMENT MANAGEMENT 733735 BLACKROCK 400 HOWARD STREET SAN FRANCISCO CA 94105 INVESTMENT MANAGEMENT 584052 20 67180937 660531 66520406 2273334112 1908246531 365087581 365087581 4213839 360873742 OTHER INCOME 900099 -41640188 -4447058 -37193130 -41640188 390628330 0 427312 390201018 128707710 128707710 1600671 1207814 392857 10292408 5766866 4525542 3288115 2065812 1222303 509648 121355 388293 161852 66795 95057 7076148 7076148 2984193 1311164 1673029 99975 78311 21664 388015 310859 77156 1597248 1206893 390355 136695 68666 68029 129169 108693 20476 89415 69455 19960 GRANT DISCOUNT 359403 359403 DUES & SUBSCRIPTIONS 277555 172809 104746 RECRUITING 150579 129845 20734 INVESTMENT DUES 90673 90673 50466 38877 11589 157989938 141791327 16198611 0 26214910 14492974 458649 30286 5326 935000 44637 44637 0 0 569480736 580807420 3871602826 4226278228 940878 0 4468703325 4822543908 13639714 14201966 91227113 90087298 104866827 104289264 X 4363836498 4718254644 4363836498 4718254644 4468703325 4822543908 X 232638392 95493379 15728247 10558128 X 0 1 X 1 0 X X X 16 ARC NATIONAL 530196605 7 1 24115500 0 ASI 410711603 7 1 1665000 0 BEREA COLLEGE 610444650 2 1 15977246 0 IDYLLWILD 951801279 2 1 2740000 0 KPBS 330373293 2 1 2060000 0 MINGEI 237433357 7 1 935000 0 YMCA OF THE USA 363258696 10 1 16200182 0 NMAI 530206027 7 1 1760000 0 PBS 520899215 7 1 22700000 0 SA CA 941156347 1 1 545000 0 SA NATIONAL 222406433 1 1 5127000 0 SAR 850125045 7 1 862000 0 SDHS 951661688 7 1 5565000 0 ST PAUL'S 952111196 10 1 1650000 0 TNC 530242652 7 1 27045000 0 PMG 952211661 7 1 2195000 0 16 131141928 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 30012797 0 1908408 0 137585392 0 169506597 0 0 0 73598687 0 0 0 95907910 0 1434398616 0 80188998 0 2659915766 0 4174503380 0 0 0 0 4174503380 0 62617551 0 4111885829 0 143916004 0 1908408 0 145824412 0 95907910 81521724 145824412 145824412 0 145824412 131141928 0 11511837 0 0 0 142653765 131141928 145824412 89.930000000000 145824412 0 0 0 0 0 70322908 70322908 0 70322908 0 0 142653765 0 75501504 67152261 0 0 67152261 0 0 0 0 67152261 SCHEDULE A, PART I LINE 12G DUE TO SPACE CONSTRAINTS ON THE SCHEDULE, THE NAMES OF THE SUPPORTED ORGANIZATIONS WERE ABBREVIATED. ABBREVIATIONS USED HAVE THE FOLLOWING MEANINGS FOR BOTH SCHEDULE A AND SCHEDULE R: ARC NATIONAL - AMERICAN NATIONAL RED CROSS, INCLUDING ITS SAN DIEGO AND IMPERIAL COUNTY CHAPTERS AND ITS INTERNATIONAL SERVICES DEPARTMENT ASI - AMERICAN SWEDISH INSTITUTE IDYLLWILD - IDYLLWILD ARTS FOUNDATION KPBS - SAN DIEGO STATE UNIVERSITY, FOR THE BENEFIT OF KPBS MINGEI - MINGEI INTERNATIONAL, INC. YMCA OF THE USA - NATIONAL COUNCIL OF YOUNG MEN'S CHRISTIAN ASSOCIATIONS OF THE UNITED STATES OF AMERICA, DOING BUSINESS AS YMCA NMAI - SMITHSONIAN INSTITUTION, FOR THE BENEFIT OF THE NATIONAL MUSEUM OF THE AMERICAN INDIAN PBS - PUBLIC BROADCASTING SERVICE PMG - PUBLIC MEDIA GROUP OF SOUTHERN CALIFORNIA SA CA - THE SALVATION ARMY, A CALIFORNIA CORPORATION, FOR THE BENEFIT OF ITS CALIFORNIA SOUTH DIVISION SA NATIONAL - THE SALVATION ARMY NATIONAL CORPORATION SAR - SCHOOL FOR ADVANCED RESEARCH SDHS - SAN DIEGO HUMANE SOCIETY AND S.P.C.A. ST. PAUL'S - ST. PAUL'S EPISCOPAL HOME, INC. TNC - THE NATURE CONSERVANCY, INC. SCHEDULE A, PART IV, SECTION D, LINE 2 ANNE RAY FOUNDATION'S PRIMARY CHARITABLE ACTIVITY IS SUPPORTING ITS DESIGNATED SUPPORTED ORGANIZATIONS, AS STATED IN ITS ARTICLES. THE OFFICERS AND DIRECTORS OF ANNE RAY FOUNDATION MAINTAIN A CLOSE AND CONTINUOUS WORKING RELATIONSHIP WITH THE OFFICERS, DIRECTORS OR TRUSTEES OF THE DESIGNATED SUPPORTED ORGANIZATIONS. THIS IS DONE, IN PART, BY ANNUAL MEETINGS THAT ANNE RAY FOUNDATION'S CEO AND CFO HAVE WITH THEIR COUNTERPARTS AT EACH OF THE DESIGNATED SUPPORTED ORGANIZATIONS. ADDITIONALLY, ANNE RAY FOUNDATION PROGRAM STAFF COMMUNICATE ON A REGULAR BASIS WITH THEIR COUNTERPARTS AT THE DESIGNATED SUPPORTED ORGANIZATIONS THROUGHOUT THE YEAR, FURTHER SUPPORTING THE CLOSE AND CONTINUOUS WORKING RELATIONSHIP. INFORMATION FROM ALL OF THESE COMMUNICATION CHANNELS, INCLUDING BOTH CEO AND CFO VISITS, IS DOCUMENTED AND SIGNIFICANT UPDATES ARE SHARED AMONG ANNE RAY FOUNDATION'S STAFF AND BOARD MEMBERS THROUGHOUT THE YEAR ON A FORMAL AND INFORMAL BASIS. SCHEDULE A, PART IV, SECTION D, LINE 3 THE DESIGNATED SUPPORTED ORGANIZATIONS ARE IN REGULAR AND CONTINUOUS CONTACT WITH THE REPORTING ORGANIZATION. FOR EXAMPLE, THE DESIGNATED SUPPORTED ORGANIZATIONS PROVIDE PERIODIC UPDATES DURING THE YEAR THAT HIGHLIGHT THEIR CURRENT PRIORITIES AND UPCOMING SHORT-TERM AND LONG-TERM NEEDS. THE DESIGNATED SUPPORTED ORGANIZATIONS ARE ASKED TO PROVIDE INPUT ON OPPORTUNITIES TO IMPROVE THE EFFECTIVENESS OF THE GRANTMAKING PRACTICES AT THE REPORTING ORGANIZATION AND TO SHARE OPPORTUNITIES FOR FUNDING IN AREAS OF MUTUAL INTEREST THAT ARE EXPECTED TO HAVE THE BEST POSSIBLE IMPACT ON THE COMMUNITIES SERVED BY THE DESIGNATED SUPPORTED ORGANIZATIONS. IN ADDITION TO HEARING FROM THE DESIGNATED SUPPORTED ORGANIZATIONS ON THEIR STRATEGIC PRIORITIES AND CURRENT NEEDS, ANNE RAY FOUNDATION SHARES RELEVANT INFORMATION ON IMPORTANT ASPECTS OF ANNE RAY FOUNDATION'S OPERATIONS WITH EACH OF THE DESIGNATED SUPPORTED ORGANIZATIONS. ANNUALLY, ANNE RAY FOUNDATION SHARES A SUMMARY INVESTMENT POLICY STATEMENT AND AN INVESTMENT PERFORMANCE REPORT WITH THE SUPPORTED ORGANIZATIONS TO PROVIDE INFORMATION ON THE KEY INVESTMENT POLICIES THAT GOVERNED THE MANAGEMENT OF INVESTED FUNDS FOR ANNE RAY FOUNDATION AND TO PROVIDE TRANSPARENCY AROUND HOW INVESTMENTS ARE MANAGED. ANNE RAY FOUNDATION ALSO PROVIDES A COPY OF THE MOST RECENTLY FILED FORM 990 AND AUDITED FINANCIAL STATEMENTS TO THE DESIGNATED SUPPORTED ORGANIZATIONS ON AN ANNUAL BASIS ALONG WITH OTHER RELEVANT ANNE RAY FOUNDATION DOCUMENTS. INFORMATION SHARED BY ANNE RAY FOUNDATION GOES BEYOND WHAT IS REQUIRED FOR THE NOTIFICATION REQUIREMENT AND IS INTENDED TO PROVIDE INFORMATION TO SUPPORT THE SIGNIFICANT VOICE THAT THE DESIGNATED SUPPORTED ORGANIZATIONS HAVE WITH RESPECT TO ANNE RAY FOUNDATION'S OPERATIONS, GRANTMAKING, AND INVESTMENTS. ANNE RAY FOUNDATION ALSO PROACTIVELY ASKS FOR INPUT FROM THE DESIGNATED SUPPORTED ORGANIZATIONS AS PART OF ITS CLOSE AND CONTINUOUS WORKING RELATIONSHIP WITH EACH ORGANIZATION. ANNE RAY FOUNDATION STRIVES TO ADDRESS THE NEEDS OF THE DESIGNATED SUPPORTED ORGANIZATIONS IN A WAY THAT ALIGNS WITH ITS PHILANTHROPIC MISSION AND INTENDS TO BE A RESOURCE TO THE DESIGNATED SUPPORTED ORGANIZATIONS BOTH NOW AND INTO THE FUTURE. SCHEDULE A, PART IV, SECTION D, LINE 8 ANNE RAY FOUNDATION SEEKS TO ESTABLISH ATTENTIVENESS THROUGH GRANTMAKING THAT IS SIGNIFICANT, EITHER ON A RELATIVE OR AN ABSOLUTE BASIS, AND FOLLOWS INTERNALLY DEVELOPED GUIDELINES FOR ESTABLISHING ATTENTIVENESS. ANNE RAY FOUNDATION PROVIDES FUNDING EARMARKED FOR A SPECIFIC PROJECT OR PROGRAM THAT IS ALIGNED WITH ANNE RAY FOUNDATION'S MISSION AND VALUES. ADDITIONALLY, ANNE RAY FOUNDATION IS THE SINGLE LARGEST PRIVATE DONOR TO MOST, IF NOT ALL, OF ITS DESIGNATED SUPPORTED ORGANIZATIONS. ANNE RAY FOUNDATION REQUESTS WRITTEN CONFIRMATION FROM THE SUPPORTED ORGANIZATIONS THAT ONE OR MORE EARMARKED PROGRAMS OR ACTIVITIES WOULD CEASE OR BE MATERIALLY IMPACTED IF THERE WAS A CHANGE IN ANNE RAY FOUNDATION'S FUNDING FOR THE PROGRAM OR ACTIVITY. 44637 44637 0 0 -5562284 F EQUITY FUNDS 1377532999 F PRIVATE EQUITY FUNDS 507092572 F REAL ASSET FUNDS 827786826 F CREDIT FUNDS 1251773400 F PRIVATE CREDIT FUNDS 267654715 F 4226278228 X 498620210 95493379 95493379 403126831 15728247 -28226748 -12498501 390628330 144202064 0 144202064 15728247 -1940373 13787874 157989938 PART X, LINE 2: ANNE RAY HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND, ACCORDINGLY, IS GENERALLY NOT SUBJECT TO INCOME TAX. HOWEVER, ANNE RAY IS SUBJECT TO TAXES ON UNRELATED TRADE OR BUSINESS INCOME. ANNE RAY HAS ADOPTED GUIDANCE REGARDING THE RECOGNITION OF UNCERTAIN TAX POSITIONS. ANNE RAY BELIEVES IT HAS APPROPRIATE SUPPORT FOR UNRELATED TRADE OR BUSINESS POSITIONS AND, AS A RESULT, DOES NOT HAVE UNCERTAIN TAX POSITIONS THAT HAVE A MATERIAL IMPACT ON THE CONSOLIDATED FINANCIAL STATEMENTS. PART XI, LINE 4B - OTHER ADJUSTMENTS: BOOK AND TAX TIMING DIFFERENCES RELATED TO INVESTMENT INCOME -176,486,086. INCOME FROM FLOWTHROUGH PASSIVE INVESTMENTS 148,259,338. PART XII, LINE 4B - OTHER ADJUSTMENTS: OTHER BOOK-TAX ADJUSTMENTS TO OTHER EXPENSES -1,940,373. PART VIII, LINE 1 BOOK VALUE OF FINANCIAL DERIVATIVES REFLECTS THE END OF YEAR VALUE OF FOREIGN CURRENCY POSITIONS HELD BY THE REPORTING ORGANIZATION. EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 1 PROGRAM & INVESTMENT SERVICES SITE VISITS 5210 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 8 PROGRAM & INVESTMENT SERVICES SITE VISITS 54483 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 1 PROGRAM & INVESTMENT SERVICES SITE VISITS 40 CENTRAL AMERICAN AND THE CARIBBEAN 0 0 VALUE OF INVESTED ASSETS N/A 1412180097 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 VALUE OF INVESTED ASSETS N/A 49295463 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 VALUE OF INVESTED ASSETS N/A 243392499 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 VALUE OF INVESTED ASSETS N/A 60947339 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 1 INVESTMENT MANAGEMENT SERVICES N/A 843718 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 1 OPERATIONAL SERVICES N/A 23400 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, ETC 0 1 INVESTMENT SERVICES N/A 300 0 11 0 2 0 13 1766718849 23700 1766742549 1 0 1 1 1 0 PART III ACCOUNTING METHOD: PART I, LINE 3 ANNE RAY FOUNDATION AWARDS GRANTS TO ITS DESIGNATED SUPPORTED ORGANIZATIONS ALL OF WHICH ARE U.S. ORGANIZATIONS. ANNE RAY FOUNDATION STAFF MAY PARTICIPATE IN SITE VISITS WITH A DESIGNATED SUPPORTED ORGANIZATION. DURING 2020, PROGRAM AND INVESTMENT STAFF PARTICIPATED IN A LIMITED NUMBER OF SITE VISITS TO LOCATIONS OUTSIDE THE U.S. DUE TO THE GLOBAL PANDEMIC. 1 AMERICAN NATIONAL RED CROSS 2025 E STREET NW WASHINGTON DC 20006 530196605 501(C)(3) 600000 SUPPORT FOR DISASTER CYCLE SERVICES READINESS INITIATIVE AMERICAN NATIONAL RED CROSS 2025 E STREET NW WASHINGTON DC 20006 530196605 501(C)(3) 5000000 COVID-19 EMERGENCY RESPONSE SUPPORT AMERICAN NATIONAL RED CROSS 2025 E STREET NW WASHINGTON DC 20006 530196605 501(C)(3) 600000 SUPPORT FOR LOW-ATTENTION DISASTERS IN THE MIDWEST AMERICAN NATIONAL RED CROSS 2025 E STREET NW WASHINGTON DC 20006 530196605 501(C)(3) 1500000 SUPPORT FOR INNOVATION LAB PROJECT AMERICAN NATIONAL RED CROSS 2025 E STREET NW WASHINGTON DC 20006 530196605 501(C)(3) 3200000 SUPPORT FOR THE MEASLES AND RUBELLA INITIATIVE AMERICAN NATIONAL RED CROSS 2025 E STREET NW WASHINGTON DC 20006 530196605 501(C)(3) 880000 SUPPORT FOR COASTAL DISASTER RISK REDUCTION PROGRAM IN BANGLADESH AMERICAN NATIONAL RED CROSS 2025 E STREET NW WASHINGTON DC 20006 530196605 501(C)(3) 680000 SUPPORT FOR DISASTER-READY COMMUNITIES PROGRAMS IN INDONESIA AMERICAN NATIONAL RED CROSS 2025 E STREET NW WASHINGTON DC 20006 530196605 501(C)(3) 680000 SUPPORT FOR DISASTER PREPAREDNESS PROJECT IN NEPAL AMERICAN NATIONAL RED CROSS 2025 E STREET NW WASHINGTON DC 20006 530196605 501(C)(3) 480000 CAPACITY BUILDING GRANT AMERICAN NATIONAL RED CROSS 2025 E STREET NW WASHINGTON DC 20006 530196605 501(C)(3) 893000 SUPPORT FOR DISASTER RISK REDUCTION IN EL SALVADOR AMERICAN NATIONAL RED CROSS 2025 E STREET NW WASHINGTON DC 20006 530196605 501(C)(3) 2000000 SUPPORT FOR UNDERFUNDED DISASTERS AMERICAN NATIONAL RED CROSS 2025 E STREET NW WASHINGTON DC 20006 530196605 501(C)(3) 950000 SUPPORT FOR COMMUNITY READINESS IN PHILIPPINES AMERICAN NATIONAL RED CROSS 2025 E STREET NW WASHINGTON DC 20006 530196605 501(C)(3) 2560000 SUPPORT FOR GLOBAL DISASTER READINESS TOOLS AMERICAN NATIONAL RED CROSS 2025 E STREET NW WASHINGTON DC 20006 530196605 501(C)(3) 3050000 SUPPORT FOR ENHANCED READINESS TO RESPOND AMERICAN NATIONAL RED CROSS 3950 CALLE FORTUNADA SAN DIEGO CA 92123 530196605 501(C)(3) 32500 CAPACITY BUILDING GRANT AMERICAN NATIONAL RED CROSS 3950 CALLE FORTUNADA SAN DIEGO CA 92123 530196605 501(C)(3) 275000 SUPPORT FOR VOLUNTEER SERVICES AND YOUTH DEVELOPMENT AMERICAN NATIONAL RED CROSS 3950 CALLE FORTUNADA SAN DIEGO CA 92123 530196605 501(C)(3) 60000 SUPPORT FOR SERVICE TO THE ARMED FORCES AMERICAN NATIONAL RED CROSS 3950 CALLE FORTUNADA SAN DIEGO CA 92123 530196605 501(C)(3) 675000 SUPPORT FOR DISASTER CYCLE SERVICES AND LEARNING COMPONENT AMERICAN SWEDISH INSTITUTE 2600 PARK AVENUE MINNEAPOLIS MN 55407 410711603 501(C)(3) 250000 COVID-19 EMERGENCY RESPONSE SUPPORT AMERICAN SWEDISH INSTITUTE 2600 PARK AVENUE MINNEAPOLIS MN 55407 410711603 501(C)(3) 1200000 SUPPORT FOR FOLK ARTS AND CULTURE PROGRAMS AMERICAN SWEDISH INSTITUTE 2600 PARK AVENUE MINNEAPOLIS MN 55407 410711603 501(C)(3) 215000 CAPACITY BUILDING GRANT BEREA COLLEGE CPO 2096 BEREA KY 40404 610444650 501(C)(3) 250000 BEREA EDUCATION STUDIES PLANNING GRANT BEREA COLLEGE CPO 2096 BEREA KY 40404 610444650 501(C)(3) 126500 CAPACITY BUILDING GRANT BEREA COLLEGE CPO 2096 BEREA KY 40404 610444650 501(C)(3) 3000000 CAPITAL GRANT FOR KETTERING RESIDENCE HALL REPLACEMENT BEREA COLLEGE CPO 2096 BEREA KY 40404 610444650 501(C)(3) 1200000 COVID-19 EMERGENCY RESPONSE SUPPORT BEREA COLLEGE CPO 2096 BEREA KY 40404 610444650 501(C)(3) 270976 SUPPORT FOR FACULTY FELLOWS PROGRAM BEREA COLLEGE CPO 2096 BEREA KY 40404 610444650 501(C)(3) 450000 SUPPORT FOR COLLEGE ADVANCEMENT BEREA COLLEGE CPO 2096 BEREA KY 40404 610444650 501(C)(3) 1326540 SUPPORT FOR TECHNOLOGY, SAFETY, AND STUDENT SPACE ENHANCEMENTS BEREA COLLEGE CPO 2096 BEREA KY 40404 610444650 501(C)(3) 264950 SUPPORT FOR GRANT MANAGEMENT RESOURCES BEREA COLLEGE CPO 2096 BEREA KY 40404 610444650 501(C)(3) 1000000 CAPITAL FOR FOLK ARTS AND CULTURES STUDENT AND VISITOR SPACES BEREA COLLEGE CPO 2096 BEREA KY 40404 610444650 501(C)(3) 800000 SUPPORT FOR COLLEGE FOLK ARTS AND CULTURES PROJECT BEREA COLLEGE CPO 2096 BEREA KY 40404 610444650 501(C)(3) 7288280 SUPPORT FOR BRIDGE STUDENT PROGRAMMING IDYLLWILD ARTS FOUNDATION PO BOX 38 52500 TEMECULA ROAD IDYLLWILD CA 92549 951801279 501(C)(3) 880000 CAPACITY BUILDING GRANT IDYLLWILD ARTS FOUNDATION PO BOX 38 52500 TEMECULA ROAD IDYLLWILD CA 92549 951801279 501(C)(3) 200000 CAPITAL GRANT FOR PARKING IMPROVEMENTS IDYLLWILD ARTS FOUNDATION PO BOX 38 52500 TEMECULA ROAD IDYLLWILD CA 92549 951801279 501(C)(3) 200000 SUPPORT FOR UPGRADES TO EDUCATIONAL TECHNOLOGY IDYLLWILD ARTS FOUNDATION PO BOX 38 52500 TEMECULA ROAD IDYLLWILD CA 92549 951801279 501(C)(3) 1400000 SUPPORT FOR EDUCATIONAL PROGRAMS & SCHOLARSHIPS IDYLLWILD ARTS FOUNDATION PO BOX 38 52500 TEMECULA ROAD IDYLLWILD CA 92549 951801279 501(C)(3) 60000 SUPPORT FOR NATIVE AMERICAN ARTS PROGRAM MINGEI INTERNATIONAL MUSEUM 1439 EL PRADO SAN DIEGO CA 92101 237433357 501(C)(3) 825000 SUPPORT FOR KEY ARTS CONTENT MINGEI INTERNATIONAL MUSEUM 1439 EL PRADO SAN DIEGO CA 92101 237433357 501(C)(3) 110000 CAPACITY BUILDING GRANT PUBLIC BROADCASTING SERVICE (PBS) 2100 CRYSTAL DRIVE ARLINGTON VA 22202 520899215 501(C)(3) 500000 PBS KIDS PARENT ENGAGEMENT IN SCHOOLS PROJECT PUBLIC BROADCASTING SERVICE (PBS) 2100 CRYSTAL DRIVE ARLINGTON VA 22202 520899215 501(C)(3) 550000 NATURAL DISASTER 360 FUNDING PUBLIC BROADCASTING SERVICE (PBS) 2100 CRYSTAL DRIVE ARLINGTON VA 22202 520899215 501(C)(3) 600000 PRODUCTION SUPPORT FOR NO PASSPORT REQUIRED PUBLIC BROADCASTING SERVICE (PBS) 2100 CRYSTAL DRIVE ARLINGTON VA 22202 520899215 501(C)(3) 800000 PRODUCTION SUPPORT FOR HANDMADE AMERICA PUBLIC BROADCASTING SERVICE (PBS) 2100 CRYSTAL DRIVE ARLINGTON VA 22202 520899215 501(C)(3) 900000 SUPPORT FOR CONNECTING NATIONAL WITH LOCAL STATIONS PUBLIC BROADCASTING SERVICE (PBS) 2100 CRYSTAL DRIVE ARLINGTON VA 22202 520899215 501(C)(3) 700000 COVID-19 EMERGENCY RESPONSE SUPPORT PUBLIC BROADCASTING SERVICE (PBS) 2100 CRYSTAL DRIVE ARLINGTON VA 22202 520899215 501(C)(3) 8650000 PRODUCTION SUPPORT FOR AMERICAN PORTRAIT PUBLIC BROADCASTING SERVICE (PBS) 2100 CRYSTAL DRIVE ARLINGTON VA 22202 520899215 501(C)(3) 10000000 TECHNOLOGY FOR NEW PLATFORMS, IMPACT MEASUREMENT, AND OPERATIONAL EFFICIENCY PUBLIC MEDIA GROUP OF SOUTHERN CALIFORNIA 2900 WEST ALAMEDA AVENUE SUITE 600 BURBANK CA 91505 952211661 501(C)(3) 655000 SUPPORT FOR DATA CAPTURING INITIATIVE PUBLIC MEDIA GROUP OF SOUTHERN CALIFORNIA 2900 WEST ALAMEDA AVENUE SUITE 600 BURBANK CA 91505 952211661 501(C)(3) 130000 CAPACITY BUILDING GRANT PUBLIC MEDIA GROUP OF SOUTHERN CALIFORNIA 2900 WEST ALAMEDA AVENUE SUITE 600 BURBANK CA 91505 952211661 501(C)(3) 1310000 SUPPORT FOR SOUTHERN CALIFORNIA ORIGINAL PROGRAMMING PUBLIC MEDIA GROUP OF SOUTHERN CALIFORNIA 2900 WEST ALAMEDA AVENUE SUITE 600 BURBANK CA 91505 952211661 501(C)(3) 100000 SUPPORT FOR STRATEGIC PLAN AND DEVELOPMENT SAN DIEGO HUMANE SOCIETY & SPCA 5500 GAINES STREET SAN DIEGO CA 92110 951661688 501(C)(3) 4000000 CAPITAL GRANT FOR REMODEL OF ANIMAL HABITATS SAN DIEGO HUMANE SOCIETY & SPCA 5500 GAINES STREET SAN DIEGO CA 92110 951661688 501(C)(3) 200000 SUPPORT TO ESTABLISH A RESOURCE CENTER SAN DIEGO HUMANE SOCIETY & SPCA 5500 GAINES STREET SAN DIEGO CA 92110 951661688 501(C)(3) 977500 SUPPORT FOR COMPANION ANIMAL PROGRAMS SAN DIEGO HUMANE SOCIETY & SPCA 5500 GAINES STREET SAN DIEGO CA 92110 951661688 501(C)(3) 387500 SUPPORT FOR PROJECT WILDLIFE SAN DIEGO STATE UNIVERSITY (KPBS) 5200 CAMPANILE DRIVE SAN DIEGO CA 92182 330373293 501(C)(3) 520000 CAPACITY BUILDING GRANT SAN DIEGO STATE UNIVERSITY (KPBS) 5200 CAMPANILE DRIVE SAN DIEGO CA 92182 330373293 501(C)(3) 60000 SUPPORT FOR STAFF DEVELOPMENT SAN DIEGO STATE UNIVERSITY (KPBS) 5200 CAMPANILE DRIVE SAN DIEGO CA 92182 330373293 501(C)(3) 200000 SUPPORT FOR SMART CONNECTIONS PROJECT SAN DIEGO STATE UNIVERSITY (KPBS) 5200 CAMPANILE DRIVE SAN DIEGO CA 92182 330373293 501(C)(3) 120000 SUPPORT FOR AUDIENCE AND MEMBER ENGAGEMENT SAN DIEGO STATE UNIVERSITY (KPBS) 5200 CAMPANILE DRIVE SAN DIEGO CA 92182 330373293 501(C)(3) 1120000 SUPPORT FOR KPBS PROGRAMMING SAN DIEGO STATE UNIVERSITY (KPBS) 5200 CAMPANILE DRIVE SAN DIEGO CA 92182 330373293 501(C)(3) 15000 SUPPORT FOR "ONE BOOK, ONE SAN DIEGO" SAN DIEGO STATE UNIVERSITY (KPBS) 5200 CAMPANILE DRIVE SAN DIEGO CA 92182 330373293 501(C)(3) 25000 SUPPORT FOR EXPLORATION AND LEARNING COMPONENT SCHOOL FOR ADVANCED RESEARCH PO BOX 2188 SANTA FE NM 87504 850125045 501(C)(3) 150000 CAPACITY BUILDING GRANT SCHOOL FOR ADVANCED RESEARCH PO BOX 2188 SANTA FE NM 87504 850125045 501(C)(3) 200000 COVID-19 EMERGENCY RESPONSE SUPPORT SCHOOL FOR ADVANCED RESEARCH PO BOX 2188 SANTA FE NM 87504 850125045 501(C)(3) 225000 SUPPORT FOR CONSERVATION AND COLLECTIONS DOCUMENTATION SCHOOL FOR ADVANCED RESEARCH PO BOX 2188 SANTA FE NM 87504 850125045 501(C)(3) 287000 SUPPORT FOR PROFESSIONAL TRAINING AND INTERGENERATIONAL LEARNING 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SALVATION ARMY A CALIFORNIA CORPORATION 6605 UNIVERSITY AVENUE SAN DIEGO CA 92115 941156347 501(C)(3) 166000 SUPPORT FOR THE SENIOR NUTRITION PROGRAM THE SALVATION ARMY A CALIFORNIA CORPORATION 6605 UNIVERSITY AVENUE SAN DIEGO CA 92115 941156347 501(C)(3) 71000 SUPPORT FOR VOLUNTEER DEPARTMENT NEEDS THE SALVATION ARMY A CALIFORNIA CORPORATION 6605 UNIVERSITY AVENUE SAN DIEGO CA 92115 941156347 501(C)(3) 73000 SUPPORT FOR ARTS AND LITERACY PROGRAM YMCA OF THE USA 101 N WACKER DRIVE CHICAGO IL 60606 363258696 501(C)(3) 715000 ENSURING Y CAMP AND SWIM PROGRAMS ARE SAFE, RELEVANT, AND SUSTAINABLE YMCA OF THE USA 101 N WACKER DRIVE CHICAGO IL 60606 363258696 501(C)(3) 2518656 CAPITAL GRANT FOR RESIDENT CAMPS YMCA OF THE USA 101 N WACKER DRIVE CHICAGO IL 60606 363258696 501(C)(3) 4003118 WATER SAFETY INITIATIVE YMCA OF THE USA 101 N WACKER DRIVE CHICAGO IL 60606 363258696 501(C)(3) 1000000 NEW AMERICAN WELCOME CENTERS AND FAMILY AND COMMUNITY STABILITY YMCA OF THE USA 101 N WACKER DRIVE CHICAGO IL 60606 363258696 501(C)(3) 985349 YMCA FOREVERWELL PROGRAM EXPANSION YMCA OF THE USA 101 N WACKER DRIVE CHICAGO IL 60606 363258696 501(C)(3) 663059 SUPPORT FOR STRATEGIC INITIATIVES FUND YMCA OF THE USA 101 N WACKER DRIVE CHICAGO IL 60606 363258696 501(C)(3) 2500000 SUPPORT FOR RESIDENT CAMP ACCESS YMCA OF THE USA 101 N WACKER DRIVE CHICAGO IL 60606 363258696 501(C)(3) 815000 SUPPORT FOR CAMP RESEARCH AND METRICS YMCA OF THE USA 101 N WACKER DRIVE CHICAGO IL 60606 363258696 501(C)(3) 3000000 COVID-19 EMERGENCY RESPONSE SUPPORT 16 PART I, LINE 2: THE REPORTING ORGANIZATION GENERALLY MONITORS USE OF FUNDS BY REQUIRING GRANT RECIPIENTS TO REPORT ON USE OF FUNDS AS WELL AS PROGRESS MADE ON SUPPORTED PROJECTS. THESE REPORTS ARE MADE IN ACCORDANCE WITH THE GRANT PROPOSALS AND GRANT AGREEMENTS. STAFF REVIEW REPORTS AND STATEMENTS CERTIFYING USE OF FUNDS FOR APPROVED CHARITABLE PURPOSES. FUNDS THAT ARE NOT USED FOR THE PURPOSE OF THE GRANT ARE REQUIRED TO BE RETURNED TO ANNE RAY FOUNDATION, SUBJECT TO THE DISCRETION OF THE REPORTING ORGANIZATION. IN 2020, THE REPORTING ORGANIZATION WORKED WITH EACH DESIGNATED SUPPORTED ORGANIZATION TO UNDERSTAND WHAT FLEXIBILITY MAY BE NEEDED WITH RESPECT TO ACTIVE GRANTS. THESE DISCUSSIONS RESULTED IN A MODIFICATION TO MANY OF THE GRANTS TO PROVIDE ADDITIONAL FLEXIBILITY IN HOW FUNDS WERE USED, ALLOWING THE DESIGNATED SUPPORTED ORGANIZATION TO USE FUNDS FOR THE MOST URGENT NEED OF THE ORGANIZATION OR THE PROJECT. X X 1 1 X X X X X 0 1 0 0 0 0 0 1 0 PAUL BUSCH DIRECTOR/PRES & CEO 0 834532 0 0 0 461248 0 130596 0 24614 0 1450990 0 311739 NAOMI HORSAGER TREASURER/CFO 0 481913 0 0 0 65089 0 77479 0 35883 0 660364 0 28243 HEATHER KUKLA SECRETARY/VP & GEN COUNSEL 0 483163 0 0 0 63576 0 77275 0 34633 0 658647 0 25080 TERRENCE MEERSMAN VP OF PROGRAMS 0 471943 0 0 0 96493 0 77597 0 25795 0 671828 0 33100 SHAWN WISCHMEIER CHIEF INVESTMENT OFFICER 0 751580 0 609300 0 140834 0 209256 0 35800 0 1746770 0 114922 MICHAEL RUETZ DEPUTY CIO/INVESTMENT DIR. 0 478643 0 291300 0 66615 0 117223 0 34633 0 988414 0 0 MATTHEW MINNIS INVESTMENT DIRECTOR 0 355332 0 223200 0 33432 0 91005 0 23614 0 726583 0 0 RODNEY OVERCASH INVESTMENT DIRECTOR 0 397747 0 241100 0 72644 0 97835 0 36566 0 845892 0 0 TRICIA SCRIVNER INVESTMENT DIRECTOR 0 379429 0 230900 0 90937 0 96080 0 25700 0 823046 0 0 CHRISTOPHER VOGT INVESTMENT DIRECTOR 0 396184 0 235500 0 59669 0 96770 0 36629 0 824752 0 0 PART I, LINE 1A PERSONS LISTED ON PART VII WERE REQUIRED TO TRAVEL INTERNATIONALLY DURING THE 2020 TAX YEAR. IN THESE CASES, THE FILING ORGANIZATION'S POLICY ALLOWS FOR REIMBURSEMENT OF ABOVE COACH FARE FOR THE AIRFARE, INCLUDING DOMESTIC LEGS OF INTERNATIONAL TRAVEL. IN ADDITION, ALL EMPLOYEES INCLUDING THOSE REPORTED IN PART VII RECEIVED A TAX GROSS-UP RELATED TO THE COST OF LONG-TERM DISABILITY PREMIUMS. PART I, LINE 3 THE BOARDS OF ANNE RAY FOUNDATION AND MARGARET A. CARGILL FOUNDATION ESTABLISHED A JOINT, INDEPENDENT COMPENSATION COMMITTEE. THE COMPENSATION COMMITTEE HIRED AN INDEPENDENT CONSULTANT TO ANALYZE THE REASONABLENESS OF COMPENSATION TO BE PAID IN 2020 TO DIRECTORS, EXECUTIVES, AND CERTAIN KEY EMPLOYEES. THE REPORT WAS BASED ON PUBLISHED SURVEY DATA AS WELL AS FORM 990 DATA FOR COMPARABLE ORGANIZATIONS. THE COMMITTEE APPROVED COMPENSATION TO CERTAIN EXECUTIVES AND KEY EMPLOYEES, NOTING THE APPROVAL WAS BASED ON THE COMMITTEE'S DETERMINATION THAT COMPENSATION WAS REASONABLE. THE COMMITTEE THEN MADE A RECOMMENDATION FOR REVIEW AND APPROVAL BY THE BOARDS FOR COMPENSATION TO BE PAID TO CERTAIN OTHER EXECUTIVES. AFTER CONSIDERING RECOMMENDATIONS FROM THE COMPENSATION COMMITTEE, THE ANNE RAY FOUNDATION BOARD APPROVED COMPENSATION TO BOARD DIRECTORS AND CERTAIN EXECUTIVES, NOTING THE APPROVAL WAS BASED ON THE BOARDS' DETERMINATION THAT COMPENSATION WAS REASONABLE. SEE SCHEDULE O FOR ADDITIONAL DESCRIPTION OF THE PROCESS USED TO ESTABLISH COMPENSATION. PART I, LINE 4B MARGARET A. CARGILL FOUNDATION, A RELATED ORGANIZATION, SPONSORS AN UNFUNDED, NON-QUALIFIED DEFERRED COMPENSATION PLAN ("THE RESTORATION PLAN") UNDER INTERNAL REVENUE CODE SECTION 457(F) FOR THE PURPOSE OF PROVIDING DEFERRED COMPENSATION FOR A SELECT GROUP OF MANAGEMENT OR HIGHLY COMPENSATED EMPLOYEES. THE RESTORATION PLAN PROVIDES DEFERRED COMPENSATION BENEFITS FOR PARTICIPANTS WHO COULD NOT MATCH FULL CONTRIBUTIONS TO QUALIFIED DEFINED CONTRIBUTION PLANS WHICH WOULD OTHERWISE HAVE BEEN AVAILABLE BUT FOR INTERNAL REVENUE CODE LIMITS. ANNE RAY FOUNDATION APPROVES AWARDS TO THIS PLAN AS PART OF THE ANNUAL COMPENSATION SETTING AND APPROVAL PROCESSES. AMOUNTS DEFERRED UNDER THE RESTORATION PLAN ARE SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE UNTIL VESTED. DURING 2020, THE FOLLOWING ARE AMOUNTS THAT WERE INCLUDED IN COMPENSATION DUE TO VESTING AND DISTRIBUTED FROM THE RESTORATION PLAN TO PAY TAXES ON THE VESTED PORTION OF THE ACCOUNT. PAUL BUSCH - $131,059 NAOMI HORSAGER - $11,515 HEATHER KUKLA - $11,828 TERRENCE MEERSMAN - $15,052 SHAWN WISCHMEIER - $35,166 RODNEY OVERCASH - $20,955 MICHAEL RUETZ - $19,019 TRICIA SCRIVNER - $20,608 CHRISTOPHER VOGT - $16,817 MATT MINNIS - $2,925 PART I, LINE 7 VARIABLE INCENTIVE PLAN AWARDS WERE PROVIDED TO CERTAIN PERSONS LISTED ON PART VII. THESE AWARDS WERE PAID BASED ON A VARIABLE COMPENSATION PLAN APPLICABLE TO INVESTMENT STAFF. VARIABLE INCENTIVE PLAN AWARDS WERE CONSISTENT WITH INDUSTRY STANDARD FOR PERSONS SERVING IN SIMILAR ROLES. COMPENSATION AS INDICATED IN SCHEDULE J IS REASONABLE AND SUPPORTED BY AN INDEPENDENT COMPENSATION SURVEY. FORM 990, PART VI, SECTION A, LINE 2 ANNE RAY FOUNDATION SHARED OPERATIONS WITH MARGARET A. CARGILL FOUNDATION (MAC FOUNDATION), A RELATED ORGANIZATION, IN PURSUIT OF THEIR SHARED VISION IN ORDER TO MAXIMIZE ASSETS AVAILABLE FOR CHARITABLE GRANTMAKING. AS PART OF THE SHARED OPERATIONS, ALL STAFF AND DIRECTORS LISTED IN PART VII ALSO SERVE AS STAFF AND DIRECTORS OF MAC FOUNDATION. OFFICERS, KEY EMPLOYEES, AND BOARD MEMBERS LISTED IN PART VII ARE DEEMED TO HAVE A BUSINESS RELATIONSHIP WITH EACH OTHER AS DEFINED BY FORM 990 REPORTING STANDARDS. FORM 990, PART VI, SECTION A, LINE 6 ANNE RAY FOUNDATION HAS TWO MEMBERS WHO ALSO SERVE AS DIRECTORS OF THE ORGANIZATION. MEMBERS' RIGHTS COVER GOVERNANCE AND OVERSIGHT AS DESCRIBED IN THE EXPLANATION STATEMENT PROVIDED FOR LINE 7B. MEMBERS ARE NOT RESERVED ANY RIGHTS THAT WOULD RESULT IN A PERSONAL BENEFIT TO THE MEMBER. FORM 990, PART VI, SECTION A, LINE 7A THE ARTICLES AND BYLAWS PROVIDE THAT THE TWO MEMBERS SHALL HAVE THE AUTHORITY TO DESIGNATE DIRECTORS. THE MEMBERS WILL SEEK INPUT FROM OTHER DIRECTORS ON THE DESIGNATION AND ACT ON THEIR RECOMMENDATIONS ACCORDING TO THE ARTICLES AND BYLAWS. FORM 990, PART VI, SECTION A, LINE 7B ANNE RAY FOUNDATION'S ORGANIZING DOCUMENTS RESERVE CERTAIN RIGHTS FOR THE MEMBERS, SPECIFICALLY THE RIGHT TO AMEND THE BYLAWS, APPOINT COMMITTEE CHAIRS, NOMINATE COMMITTEE MEMBERS, APPROVE DOMAIN DEFINITIONS, AND OVERSEE WINDING UP THE AFFAIRS OF THE ORGANIZATION. ANNE RAY FOUNDATION'S BOARD OF DIRECTORS ESTABLISHED THE AKALOA PROGRAM COMMITTEE IN JULY 2016. THIS COMMITTEE IS AUTHORIZED TO RECOMMEND OR APPROVE GRANTS WITHIN THE BUDGET PROVIDED BY THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE RETURN WAS REVIEWED BY THE CFO AND INDEPENDENT CPA PAID PREPARER. BEFORE FILING WITH THE IRS, BOARD MEMBERS AND OFFICERS RECEIVED AND DISCUSSED COPIES OF THE COMPLETE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C ALL OFFICERS, DIRECTORS, KEY EMPLOYEES, AND OTHER STAFF MEMBERS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST DISCLOSURE ANNUALLY. ALL DISCLOSURES ARE FIRST REVIEWED BY THE LEGAL DEPARTMENT. IF NECESSARY THE CEO/PRESIDENT OR BOARD CHAIR FURTHER REVIEWS, DETERMINES WHETHER A CONFLICT EXISTS, AND DETERMINES HOW TO RESOLVE SUCH CONFLICT. ANY DIRECTOR FOUND TO HAVE A MATERIAL CONFLICT IS RESTRICTED FROM VOTING ON RELATED MATTERS AND ANNE RAY FOUNDATION'S GENERAL COUNSEL, IN CONSULTATION WITH THE PRESIDENT/CEO OR BOARD CHAIR, DETERMINES WHETHER OTHER ACTIONS ARE REQUIRED TO NEUTRALIZE THE POTENTIAL CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 ANNE RAY FOUNDATION IS RELATED TO MARGARET A. CARGILL FOUNDATION (MAC FOUNDATION). MAC FOUNDATION IS THE EMPLOYER OF ALL STAFF RESPONSIBLE FOR PROVIDING SERVICES TO MAC FOUNDATION AND ANNE RAY FOUNDATION. ANNE RAY FOUNDATION REIMBURSES MAC FOUNDATION FOR ITS ALLOCABLE SHARE OF THE STAFF COSTS RELATED TO SERVICES PROVIDED TO ANNE RAY FOUNDATION. THE ANNE RAY FOUNDATION BOARD AND MAC FOUNDATION BOARD ESTABLISHED A JOINT COMPENSATION COMMITTEE. MEMBERSHIP IN THE COMPENSATION COMMITTEE IS LIMITED SO THAT ALL COMMITTEE MEMBERS ARE INDEPENDENT. THE COMPENSATION COMMITTEE IS RESPONSIBLE FOR: - ENGAGING AN INDEPENDENT COMPENSATION CONSULTANT TO ANALYZE RELEVANT COMPARABILITY DATA AND ADVISE THE COMMITTEE ON THE REASONABLENESS OF PROPOSED TOTAL REMUNERATION; - RECOMMEND AND/OR APPROVE COMPENSATION FOR EXECUTIVES; - PERIODICALLY REVIEW COMPENSATION AND BENEFITS OFFERINGS AND PHILOSOPHY; - ENSURE THAT COMPENSATION APPROVALS ARE DOCUMENTED IN WRITING IN CONTEMPORANEOUS COMMITTEE MEETING MINUTES. IN DETERMINING COMPENSATION TO BE PAID FOR THE 2020 TAX YEAR, THE COMPENSATION COMMITTEE HIRED AN INDEPENDENT CONSULTANT TO ANALYZE THE REASONABLENESS OF COMPENSATION TO BE PAID TO DIRECTORS, EXECUTIVES, AND CERTAIN KEY EMPLOYEES. THE REPORT WAS BASED ON PUBLISHED SURVEY DATA AS WELL AS FORM 990 DATA FOR COMPARABLE ORGANIZATIONS. THE CONSULTANT COMMUNICATED THE RESULTS OF THE REPORT DIRECTLY TO THE COMPENSATION COMMITTEE. THE COMMITTEE APPROVED COMPENSATION TO CERTAIN EXECUTIVES AND KEY EMPLOYEES, NOTING THE APPROVAL WAS BASED ON THE COMMITTEE'S DETERMINATION THAT COMPENSATION WAS REASONABLE. THE COMMITTEE THEN MADE A RECOMMENDATION FOR REVIEW AND APPROVAL BY THE BOARDS FOR COMPENSATION TO BE PAID TO CERTAIN OTHER EXECUTIVES. AFTER CONSIDERING RECOMMENDATIONS FROM THE COMPENSATION COMMITTEE, THE ANNE RAY FOUNDATION BOARD AND MAC FOUNDATION BOARD APPROVED COMPENSATION TO BOARD DIRECTORS AND CERTAIN EXECUTIVES, NOTING THE APPROVAL WAS BASED ON THE BOARDS' DETERMINATION THAT COMPENSATION WAS REASONABLE. WHEN NECESSARY, BOARD MEMBERS WERE RECUSED FROM APPROVING COMPENSATION IN ACCORDANCE WITH THE ORGANIZATIONS' CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST. THE ORGANIZATION POSTS ITS FORM 990 AND AUDITED FINANCIAL STATEMENTS TO ITS WEBSITE FOR PUBLIC ACCESS. THE ORGANIZATION ALSO SHARES ITS FORM 990 AND AUDITED FINANCIALS DIRECTLY WITH THE SMALL NUMBER OF SPECIFICALLY NAMED ORGANIZATIONS IT SUPPORTS. FORM 990, PART XI, LINE 9: BOOK/TAX DIFFERENCE IN NET INCOME FROM INVESTMENTS 12,498,502. OTHER BOOK/TAX DIFFERENCE IN EXPENSE -1,940,374. 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