2020-02-19T13:41:57-06:00 2019-05-31 390758449 WIPFLI LLP 170 NORTH RADNOR-CHESTER ROAD SUITE 200 RADNOR PA 19087 990 2018-06-01 236000615 MARY LOUISE CURTIS BOK FOUNDATION MARY 2157173194 1726 LOCUST STREET PHILADELPHIA PA 19103 DAVID REINHARDT ASSISTANT TREASURER 2157173194 2020-02-19 1 JOHN J NIHILL CPA P00844252 6105653930 2020-02-19 65.222.209.251 2020-02-19 13:41:53 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 9BF0851DCBCAF0B68B89F57AFFE9BACFBE591ED5 2018 2020-09-23 17:36:50Z BAYARD FIECHTER 1726 LOCUST STREET PHILADELPHIA PA 19103 24488298 0 X N/A X 1932 PA SUPPORT OF THE CURTIS INSTITUTE OF MUSIC, A TUITION FREE SCHOOL THAT PROVIDES MUSIC EDUCATION TO AN AVERAGE OF 171 STUDENTS ANNUALLY. 10 10 0 10 0 0 0 0 0 0 5034639 4510349 0 0 5034639 4510349 4564152 4447840 0 0 0 0 0 0 0 662632 588662 5226784 5036502 -192145 -526153 90757299 84952159 25878 21000 90731421 84931159 SUPPORT OF MUSICAL SCHOOL - THE CURTIS INSTITUTE OF MUSIC, A TUITION FREE SCHOOL OF MUSIC THAT STRIVES TO EDUCATE AND TRAIN EXCEPTIONALLY GIFTED MUSICIANS FOR PERFORMING CAREERS ON THE HIGHEST PROFESSIONAL LEVEL. 0 0 4447840 4447840 PROVIDE FINANCIAL SUPPORT FOR TUITION FREE SCHOOL OF MUSIC: THE CURTIS INSTITUTE OF MUSIC, 1726 LOCUST STREET, PHILADELPHIA, PA 19103. 4447840 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 PA X X DAVID REINHARDT 2157173194 1726 LOCUST STREET PHILADELPHIA PA 19103 X MR BAYARD FIECHTER PRESIDENT/DIRECTOR 0.50 0.00 X X 0 0 0 MS VICTORIA BOK VICE PRESIDENT/DIRECTOR 0.50 1.00 X X 0 0 0 MR JOSEPH M FIELD SECRETARY/DIRECTOR 0.50 1.00 X X 0 0 0 MR SCOTT M JENKINS TREASURER/DIRECTOR 0.50 1.00 X X 0 0 0 MS A MARGARET BOK DIRECTOR 0.50 1.00 X 0 0 0 MR TOMAS J BOK DIRECTOR 0.50 0.00 X 0 0 0 MR GARY GRAFFMAN DIRECTOR 0.50 0.00 X 0 0 0 MR JAMES R LEDWITH DIRECTOR 0.50 1.00 X 0 0 0 MR ROBERT H ROCK DIRECTOR 0.50 1.00 X 0 0 0 MR SAMUEL SHIPLEY DIRECTOR 0.50 0.00 X 0 0 0 0 0 0 0 0 0 0 0 1995883 1995883 22492415 19977949 2514466 2514466 2514466 4510349 0 0 4510349 4447840 4447840 42000 42000 19770 19770 526892 526892 5036502 4447840 588662 0 764806 626084 11446 0 35052850 35357273 54928197 48728399 0 240403 90757299 84952159 25878 21000 25878 21000 X 90731421 84931159 90731421 84931159 90757299 84952159 -526153 -5274109 0 X 0 1 X 1 0 X X 1 CURTIS INSTITUTE OF MUSIC 231585611 2 1 4447840 0 1 4447840 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 1765394 1995883 1765394 1995883 0 0 598466 526892 0 0 1166928 1468991 90696142 87033360 636681 695445 0 0 91332823 87728805 0 0 0 91332823 87728805 1369992 1315932 89962831 86412873 3148699 3024451 0 0 3148699 3024451 1166928 991889 3148699 3148699 0 3148699 4447840 0 0 0 0 0 4447840 4447840 3148699 100.000000000000 3148699 0 0 0 0 1166883 4564152 5731035 0 3148699 0 2582336 4447840 0 4447840 0 0 7030176 0 0 0 2582336 4447840 PART IV SECTION D LINE 3 THE BOK FOUNDATION HAS TEN DIRECTORS. SIX OF THE DIRECTORS ARE ALSO DIRECTORS OF CURTIS. FOUR OF THE SIX ARE TRUSTEE EMERITUS AND HAVE NO VOTING RIGHTS OR MANAGEMENT INFLUENCE ON CURTIS' BOARD. IN ADDITION, TWO OF THE SIX BOK FOUNDATION BOARD MEMBERS ARE ACTIVE MEMBERS OF IMPORTANT CURTIS COMMITTEES (FINANCE, INVESTMENT, HUMAN RESOURCES, AND GOVERNANCE) THAT MAKE OPERATIONAL DECISIONS FOR CURTIS. THERE IS A CLOSE WORKING RELATIONSHIP BETWEEN THE OFFICERS AND DIRECTORS OF BOTH ORGANIZATIONS AND BECAUSE OF THIS CLOSE WORKING RELATIONSHIP WITH THE OFFICERS AND DIRECTORS OF CURTIS, AND BY REASON OF THIS RELATIONSHIP THE OFFICERS AND DIRECTORS OF CURTIS HAVE A SIGNIFICANT, BUT NOT MARJORITY, VOICE IN BOKS' INVESTMENT POLICIES, THE TIMING OF GRANTS, THE MANNER OF MAKING THE SELECTION OF GRANT RECIPIENTS, AND IN OTHERWISE DIRECTING THE USE OF THE BOK FOUNDATION'S INCOME OR ASSETS. 0 VANGUARD INSTL INDEX 11273362 F DFA US SMALL CAP 5595280 F VANGUARD MID-CAP INDEX 5710768 F SANDERSON INT'L VALUE 9426995 F MARATHON INTERNATIONAL 6911511 F GARCIA HAMILTON & ASSOCIATES 9810483 F 48728399 X -1290652 -5274109 -5274109 3983457 526892 526892 4510349 4509610 0 4509610 526892 526892 5036502 PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. TAX FILINGS ARE SUBJECT TO AUDIT BY VARIOUS TAXING AUTHORITIES. OPEN PERIODS SUBJECT TO AUDIT ARE GENERALLY THE PREVIOUS THREE YEARS OF TAX RETURNS FILED. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS N/A 12518869 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 INVESTMENTS N/A 4225912 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 INVESTMENTS N/A 1480074 0 0 0 0 0 0 18224855 0 18224855 0 0 0 0 0 0 1 CURTIS INSTITUTE OF MUSIC 1726 LOCUST STREET PHILADELPHIA PA 19103 231585611 501(C)(3) 4447840 OPERATING GRANT 1 0 PART I, LINE 2: THE FOUNDATION MAKES A GRANT TO SUPPORT THE ONGOING OPERATIONS OF THE CURTIS INSTITUTE OF MUSIC, A TUITION-FREE SCHOOL OF MUSIC THAT STIRVES TO EDUCATE AND TRAIN EXCEPTIONALLY GIFTED MUSICIANS FOR PERFORMING CAREERS AT THE HIGHEST PROFESSIONAL LEVEL. MONITORING OF THE USE OF THESE FUNDS ARE DONE BY FOUNDATION BOARD MEMBERS PARTICIPATING IN THE CURTIS'S COMMITTEES THAT ARE CHARGED WITH THE APPROVAL AND OVERSIGHT FOR THE CREATION OF THE OPERATING BUDGET AS WELL AS ONGOING MONITORING THROUGHOUT THE FISCAL YEAR. FORM 990, PART VI, SECTION A, LINE 2 BOARD MEMBERS TOMAS, VICTORIA AND MARGARET BOK - FAMILY RELATIONSHIP FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO ITS FILING, THE 990 IS REVIEWED BY THE CURTIS AUDIT COMMITTEE WITH MANAGEMENT. ONCE APPROVED, THE 990 IS THEN POSTED TO A PRIVATE ONLINE PORTAL FOR DIRECTORS, AND A NOTIFICATION IS SENT OUT FOR THEIR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION MONITORS AND ENFORCES COMPLIANCE BY FOLLOWING THESE PROCEDURES: (1) ALL INTERESTED PERSONS HAS A DUTY TO FILE A CONFLICT OF INTEREST STATEMENT AND DISCLOSURE WHEN COMMENCING SERVICE AND ON AN ANNUAL BASIS THEREAFTER, OR MORE FREQUENTLY IF A CHANGE IN ANY NEW ACTIVITIES OR RELATIONSHIPS OCCURS. (2) SHOULD A CONFLICT OR POTENTIAL CONFLICT ARISE, THE INTERESTED PERSON PRESENTS THIS POTENTIAL CONFLICT OF INTEREST TO THE CHAIR OF THE BOARD OF TRUSTEES AND SHALL ABSTAIN FROM DISCUSSIONS RELATED TO TRANSACTIONS OR ARRANGEMENTS THAT INVOLVE, OR MAY INVOLVE, THE ACTUAL OR POTENTIAL CONFLICT UNTIL A DETERMINATION CAN BE MADE BY THE BOARD CHAIR, OR IF NEEDED THE APPROPRIATE COMMITTEE AS DETERMINED BY THE CHAIR OR BY THE BOARD, REGARDING WHETHER HE OR SHE HAS A CONFLICT OF INTEREST. (3) THE GOVERNANCE COMMITTEE DETERMINES WHETHER THERE IS A CONFLICT OF INTEREST, AND REPORTS TO THE BOARD OF TRUSTEES IF ONE EXISTS. (4) THE MINUTES OF THE BOARD (OR OTHER CORPORATE RECORDS, AS APPROPRIATE) SHALL RECORD THE NAMES OF THE PERSONS WHO WERE FOUND TO HAVE AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST, THE NATURE OF THE CONFLICT, THE NATURE OF THE FOLLOW-UP, AND THE DECISION AS TO WHETHER A CONFLICT OF INTEREST IN FACT EXISTED, AND WHETHER THAT CONFLICT INVOLVES A PERMISSIBLE OR IMPERMISSIBLE TRANSACTION OR ARRANGEMENT. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS OF THE FOUNDATION ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. CURTIS INSTITUTE OF MUSIC 1726 LOCUST STREET PHILADELPHIA PA 19103 231585611 MUSIC SCHOOL PA 501(C)(3) LINE 2 N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0