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VIRGIL AND PAULINE BROWN MEMORIAL TR: Form 990, tax year 2018

View the entire original 990 at ProPublica ↗

Organization
VIRGIL AND PAULINE BROWN MEMORIAL TR (EIN 46-7074121)
Tax period
2018-07-01 to 2019-06-30
Filed
2020-05-12
IRS object ID
202031339349302853
Schema version
2018v3.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2020-05-12T15:30:40-05:00ReturnTs
Tax Period End2019-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN346565596PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Ernst & Young US LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1190 Carondelet Plaza Ste 1300AddressLine1Txt
CityClaytonCityNm
State AbbreviationMOStateAbbreviationCd
ZIP63105ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2018-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN467074121EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Virgil and Pauline Brown Memorial TrustBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlVIRGBusinessNameControlTxt
Phone7858327400PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1C/O KU Endowment PO Box 928AddressLine1Txt
CityLawrenceCityNm
State AbbreviationKSStateAbbreviationCd
ZIP660440928ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJames ClarkePersonNm
Person TitleTreasurerPersonTitleTxt
Signature2020-05-12SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJennifer RichterPreparerPersonNm
PTINP00366526PTIN
Phone3142901000PhoneNum
FieldValueIRS element (for citing)
Tax2018TaxYr
Build TS2020-09-23 17:36:50ZBuildTS

Form 990 IRS990

Principal Ofcr Business Name PrincipalOfcrBusinessName

FieldValueIRS element (for citing)
Business Name Line1Dale SeuferlingBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1C/O KU Endowment PO Box 928AddressLine1Txt
CityLawrenceCityNm
State AbbreviationKSStateAbbreviationCd
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FieldValueIRS element (for citing)
Gross Receipts$40,129GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressN/AWebsiteAddressTxt
Type Of Organization TrustYes (X)TypeOfOrganizationTrustInd
Formation2013FormationYr
Legal Domicile StateKSLegalDomicileStateCd
Activity Or MissionTo provide support for the benefit of the medical school at the University of Kansas.ActivityOrMissionDesc
Voting Members Governing Body1VotingMembersGoverningBodyCnt
Voting Members Independent1VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
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Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
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PY Investment Income$39,272PYInvestmentIncomeAmt
CY Investment Income$40,129CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$39,272PYTotalRevenueAmt
CY Total Revenue$40,129CYTotalRevenueAmt
PY Grants And Similar Paid$33,847PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$43,561CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
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CY Other Expenses$2,210CYOtherExpensesAmt
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CY Total Expenses$45,771CYTotalExpensesAmt
PY Revenues Less Expenses$3,825PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$5,642CYRevenuesLessExpensesAmt
Total Assets BOY$912,252TotalAssetsBOYAmt
Total Assets EOY$905,733TotalAssetsEOYAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$912,252NetAssetsOrFundBalancesBOYAmt
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MissionTo provide support for the benefit of the medical school at the University of Kansas.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$43,561ExpenseAmt
Grant$43,561GrantAmt
Revenue$0RevenueAmt
DescTo provide support for scholarships for medical students at the University of Kansas who plan to become family physicians, preferably in rural communities in the state of Kansas.Desc
Total Program Service Expenses$43,561TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredfalseScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
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Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Temp Or Permanent EndowmentsfalseTempOrPermanentEndowmentsInd
Report Land Building EquipmentfalseReportLandBuildingEquipmentInd
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Report Other AssetsfalseReportOtherAssetsInd
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Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
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School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
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Professional FundraisingfalseProfessionalFundraisingInd
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Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsYes (true)GrantsToOrganizationsInd
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Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
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PY Excess Benefit TransfalsePYExcessBenefitTransInd
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Business Rln With Officer EntfalseBusinessRlnWithOfficerEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
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Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityYes (true)RelatedEntityInd
Related Organization Ctrl EntYes (true)RelatedOrganizationCtrlEntInd
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Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
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Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsfalseQuidProQuoContributionsInd
Form8282 Property Disposed OfYes (true)Form8282PropertyDisposedOfInd
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Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
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Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
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Independent Voting Member1IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
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Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOfalseCompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1James Clarke TreasurerBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone7858327400PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11891 Constant AvenueAddressLine1Txt
CityLawrenceCityNm
State AbbreviationKSStateAbbreviationCd
ZIP660473743ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1The Kansas University Endowment AssociationBusinessNameLine1Txt
FieldValueIRS element (for citing)
TitleTrusteeTitleTxt
Average Hours Per Week1.0AverageHoursPerWeekRt
Average Hours Per Week Rltd Org0.0AverageHoursPerWeekRltdOrgRt
Institutional TrusteeYes (X)InstitutionalTrusteeInd
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FieldValueIRS element (for citing)
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Total Oth Program Service Rev TotalOthProgramServiceRevGrp

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Exclusion$40,129ExclusionAmt

Rental Income Or Loss RentalIncomeOrLossGrp

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Personal$0PersonalAmt

Gain Or Loss GainOrLossGrp

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Miscellaneous Revenue MiscellaneousRevenueGrp

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FieldValueIRS element (for citing)
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FieldValueIRS element (for citing)
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Exclusion$40,129ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$43,561TotalAmt
Program Services$43,561ProgramServicesAmt

Benefits To Members BenefitsToMembersGrp

FieldValueIRS element (for citing)
Total$0TotalAmt
Program Services$0ProgramServicesAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$2,210TotalAmt
Management And General$2,210ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
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All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
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Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
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Program Services$43,561ProgramServicesAmt
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Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$14,971BOYAmt
EOY$11,299EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

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BOY$0BOYAmt
EOY$0EOYAmt

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BOY$0BOYAmt
EOY$0EOYAmt
FieldValueIRS element (for citing)
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Land Bldg Equip Accum Deprec$0LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

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EOY$894,434EOYAmt

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BOY$0BOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

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FieldValueIRS element (for citing)
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FieldValueIRS element (for citing)
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EOY$905,733EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Loans From Officers Directors LoansFromOfficersDirectorsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
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Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$912,252BOYAmt
EOY$905,733EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$912,252BOYAmt
EOY$905,733EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$912,252BOYAmt
EOY$905,733EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$5,642ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$877NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedfalseFSAuditedInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Supporting Organization509a3Yes (X)SupportingOrganization509a3Ind
Supporting Org Type1Yes (X)SupportingOrgType1Ind
IRS Written DeterminationYes (X)IRSWrittenDeterminationInd
Supported Organizations1SupportedOrganizationsCnt

Supported Org Information SupportedOrgInformationGrp

Supported Organization Name SupportedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1The Kansas University Endowment AssociationBusinessNameLine1Txt
FieldValueIRS element (for citing)
EIN480547734EIN
Organization Type5OrganizationTypeCd
Governing Document ListedYes (true)GoverningDocumentListedInd
Support$43,561SupportAmt
Other Support$0OtherSupportAmt
FieldValueIRS element (for citing)
Supported Organizations Total1SupportedOrganizationsTotalCnt
Support Sum$43,561SupportSumAmt
Other Support Sum$0OtherSupportSumAmt

Form990 Sch A Supporting Org Form990SchASupportingOrgGrp

FieldValueIRS element (for citing)
Listed By Name Governing DocYes (true)ListedByNameGoverningDocInd
Suprt Org No IRS DeterminationfalseSuprtOrgNoIRSDeterminationInd
Supported Org Section C456falseSupportedOrgSectionC456Ind
Supported Org Not Organized USfalseSupportedOrgNotOrganizedUSInd
Organization Change Suprt OrgfalseOrganizationChangeSuprtOrgInd
Support Non Supported OrgfalseSupportNonSupportedOrgInd
Payment Substantial ContribtrfalsePaymentSubstantialContribtrInd
Loan Disqualified PersonfalseLoanDisqualifiedPersonInd
Controlled Disqualified PrsnfalseControlledDisqualifiedPrsnInd
Disqualified Prsn Controll IntfalseDisqualifiedPrsnControllIntInd
Disqualified Prsn Ownr IntfalseDisqualifiedPrsnOwnrIntInd
Excess Business Holdings RulesfalseExcessBusinessHoldingsRulesInd
Contribution ControllerfalseContributionControllerInd
Contribution FamilyfalseContributionFamilyInd
Contribution35 ControlledfalseContribution35ControlledInd

Form990 Sch A Type1 Suprt Org Form990SchAType1SuprtOrgGrp

FieldValueIRS element (for citing)
Power Appoint Majority Dir TrstYes (true)PowerAppointMajorityDirTrstInd
Operate Benefit Non Suprt OrgfalseOperateBenefitNonSuprtOrgInd

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (true)GrantRecordsMaintainedInd

Recipient Table RecipientTable

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1Kansas University Endowment AssociationBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line11891 Constant AvenueAddressLine1Txt
CityLawrenceCityNm
State AbbreviationKSStateAbbreviationCd
ZIP660473743ZIPCd
FieldValueIRS element (for citing)
Recipient EIN480547734RecipientEIN
IRC Section501(c)(3)IRCSectionDesc
Cash Grant$43,561CashGrantAmt
Purpose Of GrantTo provide support for scholarships for medical students at the University of Kansas Medical SchoolPurposeOfGrantTxt
FieldValueIRS element (for citing)
Total501c3 Org1Total501c3OrgCnt
Total Other Org0TotalOtherOrgCnt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSchedule I, Part I, Line 2 Procedures for monitoring use of grant funds.FormAndLineReferenceDesc
ExplanationAll grants are awarded in accordance with the trust documents which outline the amount and nature of the annual grant. As trustee, KU Endowment, maintains separate books and records for the trust in order to properly account for the assets held by the trust.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part VI, Line 11b Review of form 990 by governing bodyUpon completion of review by an external tax preparer, a copy of the Form 990 is made available to the Executive Committee of the trustee, The Kansas University Endowment Association.
Form 990, Part VI, Line 12c Conflict of interest policyAs the Trustee of the Virgil and Pauline Brown Memorial Trust, The Kansas University Endowment Association (KU Endowment) operates under a conflict of interest policy, which is as follows: 1. Duty to disclose In connection with any actual or possible conflicts of interest, an interested person must disclose the existence and nature of his or her financial interests to the directors and members of committees with board-delegated powers considering the proposed transaction or arrangement. 2. Determining whether a conflict of interest exists After disclosure of the financial interest, the interested person shall leave the portion of the trustee, executive committee or committee meeting during which the financial interest is discussed and voted upon by the remaining trustees, executive committee members or committee members, as the case may be, which other trustees or members shall decide if a conflict of interest exists. 3. Procedures for addressing the conflict of interest (A) The trustees, executive committee or committee, as the case may be, shall comply with all applicable laws and KU Endowment policies in considering a transaction or arrangement between KU Endowment in which it has been determined that a conflict of interest exists. (B) After exercising all due diligence required by applicable law or KU Endowment's policies and any additional due diligence that may be deemed appropriate under the circumstances by the disinterested trustees, executive committee members or committee members, as the case may be, the executive committee or committee shall determine by a majority vote of the disinterested members whether to enter into the transaction or arrangement taking into account whether the transaction or arrangement is in KU Endowment's best interest and for its own benefit and whether the transaction is fair and reasonable to KU Endowment. 4. Violations of the conflict of interest policy (A) If the executive committee or a standing committee has reasonable cause to believe that a trustee has failed to disclose actual or possible conflicts of interest, it shall inform the trustee of the basis for such belief and afford the trustee an opportunity to explain the alleged failure to disclose. (B) If, after hearing the response of the trustee and making such further investigation as may be warranted in the circumstances, the executive committee or a standing committee determines that the trustee has in fact failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action.
Form 990, Part VI, Line 19 Required documents available to the publicThe Virgil and Pauline Brown Memorial Trust's governing documents, financial statements, and the conflict of interest policy of its trustee (The Kansas University Endowment Association) are available upon request at 1891 Constant Avenue, Lawrence, KS 66047, 785-832-7400. The information may be mailed or sent electronically if required.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtPublic Charity StatusPublicCharityStatusTxtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtControlled OrganizationControlledOrganizationInd
The Kansas University Endowment Association
PO Box 928LawrenceKS660440928480547734University of Kansas supportKS501(c)(3)5NAfalse
The KU Endowment Charitable Gift Fund
PO Box 928LawrenceKS660440928200317170Support for KU Endowment and 501(c)(3)'s named in governing document.KS501(c)(3)Type IKansas University Endowment AssociationYes (true)
Leon Karelitz Charitable Trust
PO Box 928LawrenceKS660440928616400249Support for KU Endowment pursuant to governing documentKS501(c)(3)Type IKansas University Endowment AssociationYes (true)
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts RyltsfalseReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgYes (true)GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgfalseGiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgfalseLoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth OrgfalseLoansOrGuaranteesFromOthOrgInd
Div Related OrganizationfalseDivRelatedOrganizationInd
Asset Sale To Other OrgfalseAssetSaleToOtherOrgInd
Asset Purchase From Other OrgfalseAssetPurchaseFromOtherOrgInd
Asset ExchangefalseAssetExchangeInd
Rental Of Facilities To Oth OrgfalseRentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth OrgfalseRentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgfalsePerformOfServicesForOthOrgInd
Perform Of Services By Other OrgfalsePerformOfServicesByOtherOrgInd
Sharing Of FacilitiesfalseSharingOfFacilitiesInd
Paid Employees SharingfalsePaidEmployeesSharingInd
Reimbursement Paid To Other OrgfalseReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgfalseReimbursementPaidByOtherOrgInd
Transfer To Other OrgfalseTransferToOtherOrgInd
Transfer From Other OrgfalseTransferFromOtherOrgInd

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