2020-11-09T06:37:19-06:00 2019-12-31 BDO USA LLP 8401 GREENSBORO DRIVE 800 MCLEAN VA 22102 990 2019-01-01 540505959 Thomas Jefferson Foundation Inc % LAURA B TERRY THOM 4349849800 PO Box 316 Charlottesville VA 22902 LAURA B TERRY VP & CFO 4349849859 2020-10-29 true Marc Berger P01871563 7038930600 73.53.153.141 54621820203145000010 2020-11-09 P 1559189AB611C6D07109AB02E40BE1709676A263 F80C4C4CE64063363A32333BB37C43EAD2BBFD59 2019 2021-01-29 14:40:06Z Leslie Greene Bowman PO Box 316 Charlottesville VA 22902 180351315 false X www.monticello.org X 1923 VA The Thomas Jefferson Foundation's mission is to preserve Monticello and educate the widest audience regarding Thomas Jefferson including scholars and the general public. 18 18 454 250 375749 0 6453563 5886054 9747560 9677322 1734527 48156097 5140484 5653392 23076134 69372865 272141 217976 0 0 15733591 15663784 104696 64800 1371934 16986648 15731584 33097076 31678144 -10020942 37694721 298561374 344308811 35454169 37015622 263107205 307293189 X THE THOMAS JEFFERSON FOUNDATION'S MISSION IS TWO-FOLD: PRESERVATION - TO CONSERVE, PROTECT, AND MAINTAIN MONTICELLO IN A MANNER THAT LEAVES IT ENHANCED AND UNIMPAIRED FOR FUTURE GENERATIONS AND EDUCATION - TO INTERPRET AND PRESENT THOMAS JEFFERSON TO THE WIDEST POSSIBLE AUDIENCES, INCLUDING SCHOLARS AND THE GENERAL PUBLIC. THE FOUNDATION'S TWENTY-FIRST CENTURY VISION IS TO BRING HISTORY FORWARD INTO NATIONAL AND GLOBAL DIALOGUES. false false 20179223 58002 14812750 THE THOMAS JEFFERSON FOUNDATION OPERATES MONTICELLO, THE HOME OF THE NATION'S THIRD PRESIDENT AND AUTHOR OF THE AMERICAN DECLARATION OF INDEPENDENCE. OVER THE PAST TEN YEARS, AN AVERAGE OF 434,000 PEOPLE HAVE VISITED 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 NATIONS 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, CATALOG, AND ONLINE STORE. THE REVENUE CONTRIBUTES TO THE PRESERVATION OF MONTICELLO FOR FUTURE GENERATIONS, WHICH IS ONE OF THE MISSIONS OF THE FOUNDATION. 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. 3879127 159973 0 The Thomas Jefferson Foundation operates the Robert H. Smith International Center for Jefferson Studies, which houses the Thomas Jefferson Library. The Center is also devoted to education of the general public as well as scholarly research and publication, through the Jefferson Library, archaeological research and publication, and other adult education programs. The robert h. smith international center for jefferson studies 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". 24058350 true true false false false false false true false true true true false false true true true false false false true false true true false false false true true true true false false false false false false false false false true true true false false false false false false false true X 77 0 true 454 true true true false false false false true true false false false false false false X 18 18 false false false false false false false true true false false true true true true true true true true false AL AK AR CA CO CT DC FL GA HI IL KS KY ME MD MA MI MN MS MO NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI X LAURA B TERRY 4349849859 1050 MONTICELLO LOOP ROAD Charlottesville VA 22902 X ANDREW J O'SHAUGHNESS VICE PRESIDENT & SAUNDERS DIR 50.0 0.0 X 170871 0 17133 JOSHUA J SCOTT VICE PRESIDENT OF DEVELOPMENT 50.0 0.0 X 173320 0 12446 GARY L SANDLING VICE PRESIDENT OF VISITOR SERV 50.0 0.0 X 174253 0 9695 JOHN J LOONEY EDITOR, THOMAS JEFFERSON PAPER 50.0 0.0 X 138071 0 21770 SHARON L MCELROY DIRECTOR OF RETAIL SALES 50.0 0.0 X 136246 0 15205 PETER G HALLOCK VICE PRES, ARCHITECTURE & FAC 50.0 0.0 X 121540 0 20254 MARY BLAIR ZAKAIB DIRECTOR OF ENGAGEMENT 50.0 0.0 X 124410 0 15178 JON MEACHAM CHAIRMAN 5.0 0.0 X X 0 0 0 MELODY BARNES VICE CHAIRMAN 1.0 0.0 X X 0 0 0 LIBBY H O'CONNELL SECRETARY 1.0 0.0 X X 0 0 0 JOHN H BIRDSALL III TRUSTEE 1.0 0.0 X 0 0 0 DR LD BRITT MD TRUSTEE 1.0 0.0 X 0 0 0 JF BRYAN IV TRUSTEE 1.0 0.0 X 0 0 0 PETER COOLIDGE TRUSTEE 1.0 0.0 X 0 0 0 HARLAN CROW TRUSTEE 1.0 0.0 X 0 0 0 GINGER HUANG DIETRICH TRUSTEE 1.0 0.0 X 0 0 0 JOSEPH ERDMAN TRUSTEE 1.0 0.0 X 0 0 0 MOLLY HARDIE TRUSTEE 1.0 0.0 X 0 0 0 DAVID C LANDIN TRUSTEE 1.0 0.0 X 0 0 0 E CHARLES LONGLEY JR TRUSTEE 1.0 0.0 X 0 0 0 CHARLOTTE MOSS TRUSTEE 1.0 0.0 X 0 0 0 SARAH PEROT TRUSTEE 1.0 0.0 X 0 0 0 PAMELA REYNOLDS TRUSTEE 1.0 0.0 X 0 0 0 GILBERT P SCHAFER III TRUSTEE 1.0 0.0 X 0 0 0 MICHELLE SMITH TRUSTEE 1.0 0.0 X 0 0 0 1038711 0 111681 13 false true false Ten Course Hospitality LLC 317 East Main Street CHARLOTTESVILLE VA 22902 FOOD SERVICES 775241 PROGRESS PRINTING 2677 WATERLICK ROAD LYNCHBURG VA 24502 PRINTING 265712 Skyline Tent Company 1327 Carlton Ave CHARLOTTESVILLE VA 22902 EVENT PRODUCTION 214999 GOOGLE LLC 1600 Amphitheatre Pkwy MOUNTAIN VIEW CA 94043 Marketing & data 183734 BDO 8401 Greensboro Drive MCLEAN VA 22102 ACCOUNTING 175626 14 381447 5504607 653434 5886054 ADMISSION FEES 900099 9327246 9327246 0 0 OTHER PROGRAM INCOME 900099 169738 169738 0 0 EDUCATION PROGRAM 900099 38123 38123 0 0 FOOD SERVICE SALES 453220 142215 0 0 142215 9677322 833377 833377 0 27847 27847 183350 183350 0 183350 183350 154377448 107054728 47322720 47322720 47322720 0 0 0 0 0 0 9365917 3923722 5442195 5066446 375749 0 69372865 14812750 375749 48298312 12000 12000 185783 185783 20193 20193 0 1543112 617873 925239 0 0 11358548 9985099 877225 496224 516125 441406 58864 15855 1337499 1149372 137970 50157 908500 771496 103206 33798 0 163225 50093 100514 12618 145939 0 145939 0 0 64800 64800 716893 716893 0 1356498 1176081 111199 69218 763601 759841 0 3760 1636351 1477253 88520 70578 1032671 808215 158565 65891 235 235 0 0 670897 499148 166986 4763 849969 551822 61171 236976 0 67632 55928 4206 7498 1295157 1295157 0 3699656 2751805 921734 26117 301061 0 301061 0 EQUIPMENT RENTAL 1342591 1161671 26105 154815 PRINTING AND PUBLICATIONS 761561 687595 29304 44662 SHIPPING AND HANDLING 579545 579545 0 0 CONSERVATION AND COLLECTIONS 223262 223262 0 0 124840 92634 18002 14204 31678144 24058350 6247860 1371934 0 0 4010050 4106895 4080200 2396589 452561 134053 0 0 0 0 0 0 2359604 2299239 647056 785319 109023100 38937006 73599356 70086094 31069790 40433096 181864848 223567402 0 0 0 0 477909 500124 298561374 344308811 2897105 3192259 0 0 0 0 29746000 29746000 0 0 0 0 0 0 0 0 2811064 4077363 35454169 37015622 X 164450398 188777707 98656807 118515482 263107205 307293189 298561374 344308811 X 37694721 7732400 -1241137 X false true X true false X 9866866 9491316 8384064 6453563 5886054 40081863 0 0 9866866 9491316 8384064 6453563 5886054 40081863 4164744 35917119 1174495 1070060 991739 1066395 1044574 5347263 0 113094 113308 108007 141656 142215 618280 46047406 92355166 0.78000 0.68409 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X false 192868417 2529705 51700629 7925424 239173327 207015569 2162607 -5297247 11012512 192868417 186091436 3405418 24995923 7477208 207015569 187147943 4116922 2126976 7300405 186091436 124337717 69915086 -203455 6901405 187147943 0.61000 0.22000 0.17000 false false 14158145 14158145 69984014 21910608 48073406 173406 106192 67214 10808079 9738430 1069649 13899456 7181776 6717680 70086094 PRIVATE INVESTMENT COMPANIES 189643467 F INVESTMENT RECEIVABLE 33923935 F 223567402 0 ANNUITY & SPLIT-INTEREST LIABILITY 681975 INTEREST RATE SWAP LIABILITY 3395388 4077363 X 81125591 7732400 18272 4718948 12469620 68655971 716894 716894 69372865 35680199 4718948 4718948 30961251 716893 716893 31678144 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 Thomas 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 V, LINE 4: All Endowment investments are classified as noncurrent assets to recognize the Foundation's intent to continually reinvest earnings and preserve principal except to the extent of any annual withdrawals in accordance with the endowment spending policy. The Foundation has a policy of appropriating 5% of the three year trailing average of market values of endowment funds as of the preceding June 30. In establishing this policy, the Foundation considered its investment policy objective of attaining an average real return of 5%. Accordingly, over the long term, the spending policy will maintain the purchasing power of the endowment. PART X, LINE 2: THE FOUNDATION HAS BEEN DETERMINED BY THE IRS TO BE EXEMPT FROM TAXES ON INCOME DERIVED FROM ACTIVITIES RELATED TO ITS EXEMPT PURPOSE UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION. HOWEVER, THE FOUNDATION IS SUBJECT TO UNRELATED BUSINESS INCOME TAX ON CERTAIN ACTIVITIES WHICH ARE UNRELATED TO ITS EXEMPT PURPOSE. THE FOUNDATION HAS NET OPERATING LOSS CARRYFORWARDS TOTALING MORE THAN $4.2 MILLION, WITH EXPIRATIONS RANGING FROM 2020 TO 2037. A 100% VALUATION ALLOWANCE HAS BEEN RECORDED AGAINST THIS DEFERRED TAX ASSET BECAUSE IT IS UNCERTAIN THAT THE CARRYFORWARD REPRESENTS A FUTURE TAX BENEFIT. IN ACCORDANCE WITH AUTHORITATIVE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ISSUED BY THE FASB, THE FOUNDATON RECOGNIZES TAX LIABILITIES FOR UNCERTAIN TAX POSITIONS WHEN IT IS MORE LIKELY THAN NOT THAT A TAX POSITION WILL NOT BE SUSTAINED UPON EXAMINATION AND SETTLEMENT WITH VARIOUS TAXING AUTHORITIES. LIABILITIES FOR UNCERTAIN TAX POSITIONS ARE MEASURED BASED UPON THE LARGEST AMOUNT OF BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED UPON SETTLEMENT. THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ALSO ADDRESSES DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES ON INCOME TAXES, AND ACCOUNTING IN INTERIM PERIODS. WITH FEW EXCEPTIONS, THE FOUNDATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE OR LOCAL AUTHORITIES FOR YEARS ENDED DECEMBER 31, 2016 AND PRIOR. MANAGEMENT HAS EVALUATED THE FOUNDATION'S TAX POSITIONS AND HAS CONCLUDED THAT THE FOUNDATION HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 4,718,948 PART XII, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -4,718,948 true Europe (Including Iceland and Greenland) Program Services EO-SPONSORED TRIP 116726 Central America and the Caribbean Investments 145821607 Europe (Including Iceland and Greenland) Grantmaking 20193 145958526 145958526 Robert H. Smith Int'l Center for Jefferson Studies Europe (Including Iceland and Greenland) 6 20193 CHECK false false false false false false PART I, LINE 2: Grant expenditures receive an additional level of review before payment to ensure that the expenditure is consistent with grant and/or gift documents. Monthly reports are sent to grant program personnel to track total grant expenditures. X X X X X X true COURTENAY LYONS PO Box 316 Charlottesville VA 22902 SEE PART IV false 609415 64800 544615 609415 64800 544615 All States PART I, LINE 2B, COLUMN (II): ACTIVITY - MANAGE CULTIVATION AND STEWARDSHIP OF DONORS GIVING MORE THAN $5,000 PER YEAR; ORGANIZE ENGAGEMENT EVENTS; DEVELOP AMD IMPLEMENT ENGAGEMENT AND NETWORKING STRATEGIES IN THE NEW YORK CITY AREA true University of Virginia - Dept of History 400 Ray C Hunt Dr Charlottesville VA 22904 546001796 501(C)(3) 12000 FELLOWSHIP SUPPORT FOR GRAD STUDENTS 1 FELLOWSHIPS - ROBERT H. SMITH INTL CENTER 25 102780 Fellowships - Monticello Teachers Institute 29 14900 Education Scholarships 2801 42053 PROMISE GRANTS - GETTING WORD 5 25000 Fellowships - Harrison Foundation Historic Landsca 2 1050 PART I, LINE 2: THE ROBERT H. SMITH INTERNATIONAL CENTER FOR JEFFERSON STUDIES FELLOWSHIP AWARDS ARE MADE TO DOCTORAL CANDIDATES AND POSTDOCTORAL SCHOLARS WORKING ON THOMAS JEFFERSON RELATED OR THOMAS JEFFERSON ERA PROJECTS. MOST 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 PROFESSORS AT THE UNIVERSITY OF VIRGINIA HISTORY DEPARTMENT. THE FELLOWSHIP AWARDS ARE GIVEN FOR THE MOST WORTHY PROPOSALS. THE MONTICELLO TEACHER INSTITUTE (MTI) FELLOWSHIP AWARDS ARE MADE TO FULL-TIME SOCIAL STUDIES TEACHERS. IN-TOWN ACCOMMODATIONS and TRANSPORTATION ARE INCLUDED IN THE MTI FELLOWSHIP AWARD. POTENTIAL FELLOWS ARE CHOSEN BY A SELECTION COMMITTEE BASED ON EVIDENCE OF THE APPLICANT'S SUCCESS AS A TEACHER; DEMONSTRATION THAT THE FELLOWSHIP WILL RELATE TO THE TEACHING SKILLS AND NEEDS OF THE APPLICANT; AND THE COMMITMENT AND QUALIFICATIONS OF THE APPLICANT TO UNDERTAKE A CONCENTRATED STUDY RELATING TO THE LIFE AND TIMES OF THOMAS JEFFERSON, INCLUDING BASIC RESEARCH SKILLS, WRITING PROFICIENCY, AND COMPETENCY USING DIGITAL EDUCATION TOOLS AND TECHNOLOGY. PARTICIPANTS ARE ASKED TO SUBMIT A FINAL REPORT DETAILING THEIR FELLOWSHIP EXPERIENCE, AS WELL AS EDUCATIONAL MATERIALS SUITABLE FOR PUBLICATION ON MONTICELLO'S DIGITAL CLASSROOM WEBSITE. THE FOUNDATION MAINTAINS MULTIPLE CHILDREN'S EDUCATION SCHOLARSHIP FUNDS THAT PROVIDE VISITS TO MONTICELLO, INCLUDING TRANSPORTATION, FREE OF CHARGE. SOME FUNDS AWARD SCHOLARSHIPS TO SCHOOLS IN LOW-INCOME DISTRICTS WITHIN THE STATE OF VIRGINIA. ONE FUND SPECIFICALLY PROVIDES SCHOLARSHIPS FOR ELEMENTARY SCHOOL CHILDREN IN THE AREAS SURROUNDING MONTICELLO. THE PURPOSE OF THESE PROGRAMS IS TO ENRICH STUDENTS' UNDERSTANDING OF THE LIVES OF THOMAS JEFFERSON, HIS FAMILY, AND THE ENSLAVED COMMUNITY AT MONTICELLO. ADDITIONALLY, THE PROGRAMS PROVIDE VALUABLE HISTORICAL INFORMATION TO ENABLE STUDENTS TO UNDERSTAND THE BASIC VALUES, PRINCIPLES, AND OPERATION OF AMERICAN CONSTITUTIONAL DEMOCRACY. The Historic Landscape Institute offers students an introduction to the fields of landscape history, garden restoration, and historical horticulture by using the landscapes designed by Thomas Jefferson at Monticello and the University of Virginia as case studies and outdoor classrooms. GETTING WORD PROMISE GRANTS PROVIDE SCHOLARSHIPS TO PROVIDE FOR CONTINUING EDUCATION (INCLUDING COLLEGE, COMMUNITY COLLEGE, AND VOCATIONAL SCHOOL) TO STUDENTS WHOSE FAMILIES HAVE BEEN PARTICIPANTS IN THE FOUNDATION'S "GETTING WORD" AFRICAN AMERICAN ORAL HISTORY PROJECT. ELIGIBILITY, AMOUNT OF AWARD, AND DURATION OF THE PROMISE GRANT SCHOLARSHIP ARE DETERMINED BY THE FOUNDATION. X true true X X X X true true false false false false false false false ANDREW J O'SHAUGHNESSY VICE PRESIDENT & SAUNDERS DIR 169871 0 1000 0 0 0 10125 0 7008 0 188004 0 0 0 GARY L SANDLING VICE PRESIDENT OF VISITOR SERV 154290 0 5000 0 14963 0 9557 0 138 0 183948 0 0 0 JOSHUA J SCOTT VICE PRESIDENT OF DEVELOPMENT 172320 0 1000 0 0 0 0 0 12446 0 185766 0 0 0 JOHN J LOONEY EDITOR, THOMAS JEFFERSON PAPER 138071 0 0 0 0 0 8980 0 12790 0 159841 0 0 0 SHARON L MCELROY DIRECTOR OF RETAIL SALES 133246 0 3000 0 0 0 8197 0 7008 0 151451 0 0 0 PART I, LINE 1A: THE FOUNDATION HAS A TRAVEL 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. 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 4a: ANN H. TAYLOR - $81,974 VOLUNTARY SEVERANCE PAYMENT PART I, LINE 4B: Leslie Greene Bowman - $19,000 contribution to nonqualified deferred compensation plan. A EDA OF ALBEMARLE COUNTY VIRGINIA 521297503 01266PAB7 2011-12-20 29840000 SEE PART VI false false false A 0 0 0 29840000 0 0 0 0 0 0 0 0 2009 true false true true A false false false false 0 false false false true A true true false 0 false false false 0 false true A true PART I, LINE A(F) Current refunding of issuer's variable rate revenue bonds (Thomas Jefferson Foundation, Inc.), Series 2007, issued on June 27, 2007 to finance the costs of construction of a visitor center. MR RICHARD A MAYO FORMER TRUSTEE 163044 SEE PART V false SCH L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: (A) NAME OF PERSON: MR. RICHARD A. MAYO (D) DESCRIPTION OF TRANSACTION: THE FOUNDATION INVESTS IN GAME CREEK CAPITAL, LP, A FUND MANAGED BY MR. MAYO. GAME CREEK CAPITAL CHARGED INVESTMENT MANAGEMENT FEES WHICH TOTALED $163,044 FOR 2019. MR. MAYO IS NOT A MEMBER OF THE FOUNDATION'S INVESTMENT COMMITTEE AND THEREFORE NOT INCLUDED IN THE INVESTMENT SELECTION AND APPROVAL PROCESS. X 21904 FAIR MARKET VALUE X 23 631530 FAIR MARKET VALUE false true false PART I, LINE 9, COLUMN (B): THE ORGANIZATION REPORTS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION B, LINE 11B: THE FOUNDATION'S FORM 990 IS REVIEWED AND APPROVED BY MANAGEMENT AND 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, SECTON B, LINES 15A AND 15B: THE EXECUTIVE COMMITTEE REVIEWS COMPENSATION FOR OFFICERS AND UPPER MANAGEMENT ANNUALLY. THE FOUNDATION REGULARLY USES SALARY INFORMATION OBTAINED FROM THE FOLLOWING SALARY SURVEYS: ASSOCIATION OF ART MUSEUM DIRECTORS, QUATT NATIONWIDE MUSEUM AND CULTURAL INSTITUTION COMPENSATION SURVEY, AND THE QUATT NOT FOR PROFIT COMPENSATION SURVEY. 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 COMMITTEE HAS THE FINAL APPROVAL FOR ALL OFFICER AND KEY EMPLOYEE COMPENSATION. THE EXECUTIVE COMMITTEE DOCUMENTS ITS REVIEW AND APPROVAL WITHIN THE MINUTES OF THE EXECUTIVE COMMITTEE MEETING. FORM 990, PART VI, SECTION C, LINE 19: THE FOUNDATION DOES NOT PUBLISH ITS ORGANIZATIONAL DOCUMENTS OR ITS "ETHICS POLICY AND CODE OF CONDUCT". THE FOUNDATION MAKES ITS FINANCIAL STATEMENTS AVAILABLE FOR DOWNLOAD VIA THE MONTICELLO.ORG WEBSITE. FORM 990, PART XI, LINE 9: DONATED SERVICES 18,272 UNREALIZED LOSS ON INTEREST RATE SWAP CONTRACT (1,259,409) ------------ TOTAL (1,241,137)