2020-05-13T08:05:07-05:00 2019-06-30 861065772 Deloitte Tax LLP 200 Renaissance Center Suite 3900 Detroit MI 482431313 990 2018-07-01 311776354 KWI KWI 5139294777 One West Fourth Street No 201 Cincinnati OH 452023634 Judith A Peppler Vice President & Treasurer 5139294777 2020-05-13 1 Alicia Janisch P00741382 3133963000 223.230.33.18 2020-05-13 08:00:00 US P 4869E5F49B9973F149F13A18DEB0F85868CD0247 110C2E4453CD933C54DE272FBBF8C0AD0F9CA5D7 2018 2021-01-29 14:40:06Z Dr Charles Ambrose One West Fourth Street No 201 Cincinnati OH 452023634 39101290 0 X N/A X 2001 OH Supports charitable and educational activities of KnowledgeWorks Foundation. 6 5 0 7 177885 158366 0 0 0 0 23643713 5929816 0 0 23643713 5929816 0 0 0 0 0 0 0 0 0 296591 259761 296591 259761 23347122 5670055 116831519 112758718 847561 876081 115983958 111882637 KWI supports the charitable and educational activities of KnowledgeWorks Foundation through managing its investment portfolio and providing funding for the Foundation's activities. 0 0 31066 2653535 During fiscal year 2019, KWI supported the charitable and educational activities of KnowledgeWorks Foundation through providing $7,781,853 of operational support. 31066 1 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 1 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 X 6 5 1 1 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 X Holly Brinkman 5139294777 One West Fourth Street Suite 200 Cincinnati OH 452023634 Eileen Rudden Chair of the Board 1.00 2.00 X 0 0 0 Thomas Fry Vice Chair of the Board 1.00 2.00 X 0 0 0 Adam Eagleston Director 1.00 0.00 X 0 0 0 Lucie Lapovsky Director 1.00 2.00 X 0 0 0 Mark Brown Director (End 6/11/19) 1.00 2.00 X 0 0 0 Mark Davis Director 1.00 0.00 X 0 0 0 Steven Minter Director (End 8/15/18) 1.00 2.00 X 0 0 0 Charles Ambrose President & CEO (Start 9/3/18) 1.00 39.00 X X 0 109537 12843 Holly Brinkman VP & Treasurer 3.00 37.00 X 0 253923 54367 Matt Williams VP & Secretary (Start 8/15/18) 1.00 39.00 X 0 233067 44104 Judith A Peppler Former President & CEO (End 6/30/18) 1.00 39.00 X 0 699255 25569 0 1295782 136883 0 1 1 0 JPMorgan Chase 270 Park Avenue Floor 20 New York NY 10017 Investment Advisory Services 189082 1 2831420 2653535 177885 36269870 33171474 3098396 3098396 3098396 5929816 2653535 177885 3098396 189082 189082 Admin Fee Expense 70679 31066 39613 259761 31066 228695 0 2170175 1460658 85760381 90655206 28886912 20610199 14051 32655 116831519 112758718 847561 876081 847561 876081 X 115983958 111882637 115983958 111882637 116831519 112758718 X 5670055 -1989523 -7781853 X 0 1 X 1 0 X X X 1 KnowledgeWorks Foundation 311321973 10 1 7781853 0 1 7781853 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 Real Assets - Real Estate 5568904 F Hedge Fund Investments 13736390 F Private Equity Investments 1304905 F 20610199 Reserve for Hedge Fund Payables 847561 Estimated Taxes on Unrelated Business Income 28520 876081 X Part X, Line 2: From the consolidated audited financial statements of KnowledgeWorks Foundation, which include the activity of KWI: The Foundation has analyzed tax positions taken for filing with the IRS and all state jurisdictions where it operates. The Foundation believes that income tax filing positions will be sustained upon examination and does not anticipate any adjustments that would result in a material adverse effect on the Foundations financial position, statement of activities, or cash flows. Accordingly, the Foundation has not recorded any reserves or related accruals for interest and penalties for uncertain income tax positions at June 30, 2019 and 2018. In the event interest and penalties accrued on unrecognized tax benefits, the Foundation would recognize such amounts as a component of income tax expense. Central America and the Caribbean 0 0 Investments 14190618 North America 0 0 Investments 81050 0 0 0 0 0 0 14271668 0 14271668 1 0 0 0 0 0 0 1 0 0 0 0 0 1 0 Holly Brinkman VP & Treasurer 0 201045 0 49767 0 3111 0 22000 0 32367 0 308290 0 0 Matt Williams VP & Secretary (Start 8/15/18) 0 194131 0 35800 0 3136 0 19047 0 25057 0 277171 0 0 Judith A Peppler Former President & CEO (End 6/30/18) 0 169894 0 75891 0 453470 0 13750 0 11819 0 724824 0 447209 Part I, Line 3 The officers are not compensated by KWI. Their compensation is determined by the Compensation Committee of the parent company, KnowledgeWorks Foundation, who employs those individuals. The compensation of the CEO, other officers, and key employees are set by the Compensation Committee of the KnowledgeWorks' Board of Directors utilizing a compensation study performed by an independent compensation consulting firm comparing similar positions in similar organizations, including review of Form 990s for other organizations. Part I, Line 4b KnowledgeWorks established a Section 457(f) Deferred Compensation Plan for the President & CEO. Annual employer contributions are made to the Plan based on eligibility requirements of the Plan documents and are subject to a defined vesting schedule. This plan was terminated, effective 7/1/19. Judith Peppler received a payout of $447,209. Part I, Line 7 KnowledgeWorks, KWI's parent organization, offers an individual incentive-based bonus program, where the annual payout is determined by achievement of established objectives. Form 990, Part VI, Section A, line 2 Certain KWI board members are also members of the boards of certain KWI affiliates. These overlapping board memberships constitute a "business relationship" as defined by Form 990 instructions. Form 990, Part VI, Section A, line 3 Effective November 30, 2017, KWI's Board designated JPMorgan Chase the outsourced Chief Investment Officer to provide investment advisory and management services. Form 990, Part VI, Section A, line 6 KWI has a single corporate member, KnowledgeWorks Foundation. Form 990, Part VI, Section A, line 7a KWI has a single corporate member, KnowledgeWorks Foundation, who has the authority to elect members to the governing body of KWI. Form 990, Part VI, Section A, line 7b All decisions that have a material impact to KWI's financial information or corporation as a whole are subject to approval by its sole corporate member, KnowledgeWorks Foundation. Form 990, Part VI, Section B, line 11b After completion by the preparer, the draft Form 990 is reviewed by the Accounting Director and COO/VP of Finance. The final draft of the Form 990 is reviewed with the Audit Committee. After it receives the approval of the Audit Committee, the final Form 990 is distributed to all members of the Board of Directors before it is filed. Form 990, Part VI, Section B, line 12c On an annual basis a Conflict of Interest questionnaire is completed by directors and officers and reviewed by management. Items reported are discussed with Legal Counsel, who advises management and the Board of any required actions. The Conflicts of Interest Policy is distributed with the annual questionnaire and is also accessible on the secure director's portion of the Foundation's website. Form 990, Part VI, Section B, line 15 The officers are not compensated by KWI. Their compensation is determined by the Compensation Committee of the parent company, KnowledgeWorks Foundation, who employs those individuals. The compensation of the CEO, other officers, and key employees are set by the Compensation Committee of the KnowledgeWorks' Board of Directors utilizing a compensation study performed by an independent compensation consulting firm comparing similar positions in similar organizations, including review of Form 990s for other organizations. Form 990, Part VI, Section C, line 19 The consolidated financial statements of KWI and its parent company, KnowledgeWorks Foundation, are available on the KnowledgeWorks Foundation website. KWI's Form 990, Form 990-T, governing documents and Conflict of Interest Policy are available upon request. Form 990, Part XI, line 9: Transfer to KnowledgeWorks Foundation for funding of operations -7,781,853. KnowledgeWorks Foundation One West Fourth Street Suite 200 Cincinnati OH 452023634 311321973 Educational activities OH 501(c)(3) Schedule A, Line 10 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 1 0 KnowledgeWorks Foundation R 7781853 Actual amount of Cash Transfer KnowledgeWorks Foundation P 55079 Actual amount of KWI Expense