2019-11-13T10:09:58-06:00 2018-12-31 GRANT THORNTON LLP 171 N CLARK ST SUITE 200 CHICAGO IL 60601 990 2018-01-01 201030638 Mather Foundation % CAROL SUSSENBACH MATH 8474927500 1603 Orrington Avenue Suite 1800 Evanston IL 60201 MARY G LEARY President & CEO 8474927500 2019-11-12 true Michelle l Weber P00556798 3128560200 65.229.29.128 36941220193175000000 2019-11-13 P 6098D55FF0E7CCF9C3E403A7CE8C578524A243B8 6098D55FF0E7CCF9C3E403A7CE8C578524A243B8 2018 2020-01-14 16:20:31Z Mary G Leary 1603 Orrington Avenue Evanston IL 60201 90162295 false X www.matherlifeways.com X 2004 IL MATHER FOUNDATION SERVES AS THE PARENT ENTITY FOR MATHER LIFEWAYS TO HOLD, INVEST AND PRESERVE FUNDS, WHICH ENHANCE THE LIVES OF OLDER ADULTS BY CREATING WAYS TO AGE WELL. 13 12 0 13 -1430671 -1515001 11599332 9489045 0 0 33353637 17888476 0 0 44952969 27377521 27255085 20045252 0 0 0 0 0 0 0 2397697 2240877 29652782 22286129 15300187 5091392 523448738 502227292 78714 2021765 523370024 500205527 X MATHER FOUNDATION SERVES AS THE PARENT ENTITY FOR THE MATHER LIFEWAYS ORGANIZATION TO HOLD, INVEST AND PRESERVE FUNDS, WHICH ALLOWS THE ORGANIZATION TO PROVIDE HOUSING, HEALTH CARE, COMMUNITY PROGRAMS, RESEARCH AND EDUCATION AND OTHER SERVICES THAT ENHANCE THE LIVES OF OLDER ADULTS BY CREATING WAYS TO AGE WELL. false false 20045252 20045252 MATHER FOUNDATION SERVES AS THE PARENT ENTITY FOR THE MATHER LIFEWAYS ORGANIZATION TO HOLD, INVEST AND PRESERVE FUNDS, WHICH ALLOWS THE ORGANIZATION TO PROVIDE HOUSING, HEALTH CARE, COMMUNITY PROGRAMS, RESEARCH AND EDUCATION AND OTHER SERVICES THAT ENHANCE THE LIVES OF OLDER ADULTS BY CREATING WAYS TO AGE WELL. 20045252 true true false false false false false false false false false true false true true true false true false false true false false false false false false true false true false false false false false false false false false false false false false true true true false false true 0 0 0 true true false false false false false false false false false true false X 13 12 false false false false false false false true true false false true true true true true true false false false IL X CAROL SUSSENBACH 8474926760 1603 ORRINGTON AVENUE SUITE 1800 Evanston IL 60201 X Roger E Lumpp II Chairman 4.0 0.7 X 0 0 0 Mary G Leary President & CEO 10.0 50.4 X X 0 1420212 563712 Graham W Atkinson Director 2.0 0.0 X 0 0 0 Timothy L Burke Director 2.0 0.0 X 0 0 0 Michelle L Collins Director 2.0 0.0 X 0 0 0 Paulette R Dodson Director 2.0 0.0 X 0 0 0 Mary Louise Gorno Director 2.0 0.0 X 0 0 0 Philip L Harris Director - thru 11/18 2.0 0.0 X 0 0 0 Victoria J Herget Director 2.0 0.2 X 0 0 0 Dian Langenhorst Director 2.0 0.0 X 0 0 0 Michael G McGee Director 2.0 0.0 X 0 0 0 John R Phillips Director 2.0 0.3 X 0 0 0 Scott C Smith Director 2.0 0.0 X 0 0 0 Terence J Toth Director 2.0 0.2 X 0 0 0 Carol Sussenbach CFO 15.0 35.4 X 0 533245 183288 Christopher Manella SVP Finance; Treasurer 2.0 48.0 X 0 294016 78471 Julie Riggs Secretary 5.0 45.0 X 0 144820 46426 0 2392293 871897 0 false true false SUMMIT STRATEGIES INC 8182 MARYLAND AVENUE 6TH FL ST LOUIS MO 63155 CONSULTANT 263499 SILCHESTER 780 THIRD AVENUE 42ND FLOOR NEW YORK NY 10017 FUND MANAGER 208580 ARISTOTLE CAPITAL MANAGEMENT LLC 11100 SANTA MONICA BLVD LOS ANGELES CA 90025 FUND MANAGER 174415 WILLIAM BLAIR COMPANY LLC 222 WEST ADAMS STREET CHICAGO IL 60606 FUND MANAGER 171141 NORTHERN TRUST 50 S LASALLE STREET CHICAGO IL 60675 INVESTMENT MGMT 146305 7 9489045 0 9489045 0 6656770 -1754695 8411465 0 0 0 0 0 74016480 62784774 11231706 11231706 324024 10907682 0 0 0 0 0 0 0 0 0 0 27377521 -1430671 19319147 20045252 20045252 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1501746 1501746 0 0 0 0 0 0 0 0 0 0 0 0 0 CORPORATE SERVICES 699732 699732 0 UBI TAXES 39399 39399 0 22286129 20045252 2240877 0 0 0 3590891 6701404 0 0 0 0 0 0 0 0 12757782 12782574 0 0 0 0 0 0 220384673 200011586 240036453 240639598 0 0 0 0 46678939 42092130 523448738 502227292 78714 229466 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1792299 78714 2021765 X 476820814 458441547 0 0 46549210 41763980 523370024 500205527 523448738 502227292 5091392 -28255889 X false true X true false X X 4 THE MATHER 205860808 10 true 0 0 MATHER PLACE 363776145 10 true 0 0 MATHER INVESTMENTS NFP 364266878 10 true 0 0 MATHER POSSIBILITIES 362856851 7 true 0 0 4 0 0 true false false false false false false false false false false false false false false true true true X true true SUPPORTED ORGANIZATION NOT LISTED IN GOVERNING DOCUMENTS FORM 990, SCHEDULE A, PART IV, SECTION A, LINE 1 ALL SUPPORTED ORGANIZATIONS ARE NAMED IN MATHER FOUNDATION'S GOVERNING DOCUMENTS. DURING 2018, THE ORGANIZATIONS GOVERNING DOCUMENTS WERE UPDATED TO INCLUDE THE MATHER. SIGNIFICANT VOICE IN INVESTMENT POLICIES FORM 990, SCHEDULE A, PART IV, SECTION D, LINE 3 BECAUSE THE DIRECTORS AND OFFICERS OF EACH SUPPORTED ORGANIZATION ALSO SERVE ON THE BOARD OR ARE OFFICERS OF MATHER FOUNDATION, EACH SUPPORTED ORGANIZATION HAS A VOICE IN MATHER FOUNDATION'S INVESTMENT POLICIES AND THE USE OF INCOME OR ASSETS. POWER TO APPOINT OR ELECT OFFICERS, DIRECTORS, OR TRUSTEES FORM 990, SCHEDULE A, PART IV, SECTION E, LINE 3A MATHER FOUNDATION IS THE PARENT AND SOLE MEMBER OF MATHER LIFEWAYS, WHICH IS THE PARENT AND SOLE MEMBER OF THE SUPPORTED ORGANIZATIONS INCLUDING THE MATHER, MATHER PLACE, MATHER INVESTMENTS, NFP, AND MATHER POSSIBILITIES. EACH PARENT ELECTS AND REMOVES THE DIRECTORS OF ITS CONTROLLED ENTITIES. ALL OF THE DIRECTORS OF EACH SUPPORTED ORGANIZATION ALSO SERVE ON MATHER FOUNDATION'S BOARD. SUBSTANTIAL DEGREE OF DIRECTION FORM 990, SCHEDULE A, PART IV, SECTION E, LINE 3B MATHER FOUNDATION, AS THE PARENT OF MATHER LIFEWAYS WHICH IS THE PARENT OF THE SUPPORTED ORGANIZATIONS, HAS THE RIGHT TO APPROVE MAJOR DECISIONS OF ITS SUPPORTED ORGANIZATIONS. HEDGE FUNDS 87190277 F VENTURE CAPITAL 87674707 F REAL ESTATE 65774614 F 240639598 BENEFICIAL INT-PERPETUAL TRUST 41763980 INTEREST RECEIVABLE 328150 42092130 0 MATHER INVESTMENT - LINE OF CREDIT 1792299 1792299 X LIABILITY FOR UNCERTAIN TAX POSITIONS FORM 990, SCHEDULE D, PART X, LINE 2 MATHER LIFEWAYS, MATHER FOUNDATION, MATHER PLACE, MATHER INVESTMENTS, NFP, MATHER POSSIBILITIES AND THE MATHER HAVE RECEIVED FAVORABLE DETERMINATION LETTERS FROM THE INTERNAL REVENUE SERVICE STATING THAT THEY ARE EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, EXCEPT FOR INCOME TAXES PERTAINING TO UNRELATED BUSINESS INCOME. THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ISSUED GUIDANCE THAT REQUIRES TAX EFFECTS FROM UNCERTAIN TAX POSITIONS TO BE RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS ONLY IF THE POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. MANAGEMENT HAS DETERMINED THERE ARE NO MATERIAL UNCERTAIN POSITIONS THAT REQUIRE RECOGNITION IN THE CONSOLIDATED FINANCIAL STATEMENTS. ADDITIONALLY, NO PROVISION FOR INCOME TAXES IS REFLECTED IN THESE CONSOLIDATED FINANCIAL STATEMENTS. THE ENTITIES OF MATHER LIFEWAYS FILE TAX RETURNS IN CERTAIN STATES; HOWEVER THEY DO NOT FILE IN EVERY STATE. FOR ALL STATES WHERE THE ENTITIES HAVE NOT FILED A STATE RETURN, ALL TAX YEARS REMAIN OPEN. Central America and the Caribbean Investments 120156309 Europe (Including Iceland and Greenland) Investments 7918456 128074765 128074765 true false true true true false true Mather LifeWays 1603 Orrington Avenue Evanston IL 60201 362233542 501(c)(3) 20045252 0 Mission Driven Prog. 1 PROCEDURE FOR MONITORING USE OF GRANT FUNDS INSIDE U.S. FORM 990, SCHEDULE I, PART I, LINE 2 SUPERVISION THROUGH PARENT ORGANIZATION'S ROLE. false true false false false false false false false Mary G Leary President & CEO 0 678048 0 726855 0 15309 0 531807 0 31905 0 1983924 0 266201 Carol Sussenbach CFO 0 300053 0 192401 0 40791 0 160921 0 22367 0 716533 0 93746 Christopher Manella SVP Finance; Treasurer 0 206884 0 85000 0 2132 0 36520 0 41951 0 372487 0 0 Julie Riggs Secretary 0 121065 0 18770 0 4985 0 18403 0 28023 0 191246 0 0 TOP MANAGEMENT'S COMPENSATION FORM 990, SCHEDULE J, PART I, LINE 3 MATHER FOUNDATION'S TOP MANAGEMENT'S COMPENSATION IS ESTABLISHED BY MATHER LIFEWAYS, AS THE COMPENSATION IS PAID BY MATHER LIFEWAYS (A RELATED ORGANIZATION). MATHER LIFEWAYS FOLLOWS PROCEDURES TO ESTABLISH THE "REBUTTABLE" PRESUMPTION OF REASONABLENESS DESCRIBED IN THE INCOME TAX REGULATIONS IN DETERMINING EXECUTIVE COMPENSATION. COMPENSATION IS REVIEWED ANNUALLY BY THE BOARD'S COMPENSATION COMMITTEE, WHICH CONSISTS OF INDEPENDENT DIRECTORS WHO OBTAIN AND RELY ON APPROPRIATE DATA AS TO COMPARABILITY. OBJECTIVE EVIDENCE OF REASONABLENESS AND COMPARABILITY IS OBTAINED FROM INFORMATION PROVIDED BY AN INDEPENDENT, THIRD PARTY COMPENSATION CONSULTANT. DETERMINATION OF EXECUTIVE COMPENSATION INVOLVES BENCHMARKING WITH COMPARATIVE MARKET COMPENSATION DATA TO ENSURE THAT COMPENSATION IS FAIR, EQUITABLE, AND WITHIN THE STANDARDS OF COMPENSATION UTILIZED WITHIN THE INDUSTRY. COMPENSATION DECISIONS ARE DOCUMENTED AND REVIEWED WITH THE FULL BOARD. SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN FORM 990, SCHEDULE J, PART I, LINE 4B MARY G. LEARY AND CAROL SUSSENBACH ARE PARTICIPANTS IN MATHER LIFEWAYS' 457(F) PLANS. A DISTRIBUTION OF $8,753 WAS PAID OUT IN 2018 TO CAROL SUSSENBACH. FORM 990 REVIEW PROCESS FORM 990, PART VI, LINE 11B THE FORM 990, INCLUDING SCHEDULES, WAS DISTRIBUTED TO THE MEMBERS OF THE MATHER FOUNDATION AUDIT COMMITTEE OF THE BOARD OF DIRECTORS. THE COMMITTEE MET WITH MANAGEMENT AND REVIEWED THE FORM 990. SUBSEQUENTLY, THE FORM 990 WAS DISTRIBUTED TO EACH DIRECTOR. ALL COMMENTS AND QUESTIONS WERE DIRECTED TO THE ORGANIZATION'S CHIEF FINANCIAL OFFICER. CONFLICT OF INTEREST POLICY MONITORING & ENFORCEMENT FORM 990, PART VI, LINE 12C ANNUALLY ALL BOARD MEMBERS, OFFICERS AND SENIOR STAFF MUST DISCLOSE ANY INTERESTS THAT COULD GIVE RISE TO CONFLICTS. ANY ACTUAL, POTENTIAL, OR APPARENT CONFLICTS ARE REFERRED TO THE CEO AND PRESIDENT, THE BOARD CHAIR, AND CHAIR OF THE GOVERNANCE COMMITTEE, WHO TAKE APPROPRIATE ACTION, INCLUDING DISCUSSING WITH THE FULL BOARD, WHEN NECESSARY. PROCESS FOR DETERMINING COMPENSATION FORM 990, PART VI, LINE 15A ALL COMPENSATION FOR OFFICERS/DIRECTORS/KEY EMPLOYEES IS PAID BY A RELATED ORGANIZATION, MATHER LIFEWAYS. MATHER FOUNDATION RELIED ON MATHER LIFEWAYS TO REVIEW THIS INFORMATION FOR ALL COMPENSATION PAID. HOW DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC FORM 990, PART VI, LINE 19 THE ORGANIZATION'S ARTICLES OF INCORPORATION, BYLAWS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. Mather LifeWays 1603 Orrington Ave Suite 1800 Evanston IL 60201 362233542 Older Adult IL 501(c)(3) 12-TYPE II Mather Fdn true Mather Place 1603 Orrington Ave Suite 1800 Evanston IL 60201 363776145 Senior Living IL 501(c)(3) 10 Mather Life true Mather Investments NFP 1603 Orrington Ave Suite 1800 Evanston IL 60201 364266878 Senior Living IL 501(c)(3) 10 Mather Life true Mather Possibilities 1603 Orrington Ave Suite 1800 Evanston IL 60201 362856851 Older Adult IL 501(c)(3) 07 Mather Life true The Mather 1603 Orrington Ave Suite 1800 Evanston IL 60201 205860808 Senior Living IL 501(c)(3) 10 Mather Life true Alonzo Mather Foundation 727 North Bank Lane Lake Forest IL 60045 366015440 Grants IL 501(c)(3) PF NA false Alonzo Clark Mather Trust 231 S LaSalle St Chicago IL 60697 366010112 Grants IL 501(c)(3) PF NA false false true true true true false false false false false false false false false false true false false false Mather Lifeways b 20045252 COST The Mather c 7400000 COST Mather Lifeways d 12782574 COST Mather Investments e 1792299 COST Mather Lifeways p 699732 COST Mather Lifeways p 2201478 COST