2019-02-12T12:28:18-06:00 2018-06-30 111986323 MARCUM LLP 1899 L Street NW 850 Washington DC 20036 990PF 2017-07-01 237000192 Bainum Family Foundation COMM 2404500000 7735 Old Georgetown Road No 1000 Bethesda MD 20814 Mark R Birmingham CFO/CIO/Treasurer 2404500000 2019-02-12 1 Frank H Smith P00639053 2028225000 47.19.127.190 2019-02-12 11:45:12 ES P 6F0C7B7B33521E2C29916EF55CD8B4C9BD24C3C8 78766E9840C963E251DA4B0DE235C4526D3F65E4 2017 2019-02-21 02:37:17Z X 604994484 X 4304217 1528912 1528912 1528912 7778970 7727342 7727342 1528594 1528594 1528594 1528594 15378896 68861421 15888531 975558 604971 496439 496439 31124560 27169818 12256845 1057423 210276 210276 826087 4174120 166364 166364 4012557 1180967 43008 43008 1097543 184962 0 0 169606 111186 0 0 108382 9568369 1990030 1990030 6630220 1358392 60734 60734 500887 262983 0 0 228311 0 0 228311 332868 2049 2049 298556 19911 0 0 17813 8036253 220302 220302 1451291 26515745 2692763 2692763 15341253 1105646 1923218 27621391 2692763 2692763 17264471 3503169 24477055 9564082 3052729 802094 802094 24273053 18396553 18396553 42009969 42009969 42009969 768886 635157 635157 175978868 163809040 163809040 292688426 339103670 339103670 10753021 1348150 9818500 9404871 9404871 20815529 30833130 30833130 569405960 604994484 604994484 1116351 2093308 817573 1375800 2094731 3309724 4188039 X 166511954 186473020 399584282 414333425 566096236 600806445 569405960 604994484 566096236 3503169 31857816 601457221 650776 600806445 Publicly Traded Securities-Chevy Chase 1115041 1055395 59646 59646 Publicly Traded Securities-Chevy Chase 4251272 2743625 1507647 1507647 Publicly Traded Securities-Vanguard Mutual Funds 1544984 1499593 45391 45391 Publicly Traded Securities-Vanguard Mutual Funds 31136644 24840273 6296371 6296371 Publicly Traded Securities-Fixed Income Funds 932322 934218 -1896 -1896 Publicly Traded Securities-Fixed Income Funds 13466189 13521903 -55714 -55714 Publicly Traded Securities-Corporate Preferreds 6500000 6592500 -92500 -92500 Emerging Market Assets P 170089 168375 1714 1714 Opportunistic P 276496 272609 3887 3887 GMO Distributions P 195473 195473 195473 GMO Distributions P 1104948 1104948 1104948 Kalorama P 337456 337456 337456 Other LT P 92 188 -96 -96 Choice Int'l Common Shares (CHH) D 7814052 4650750 3163302 3163302 Sailing Stone K-1 P 67200 67200 Sailing Stone K-1 P 184476 184476 Silver Point K-1 P 4244 4244 Silver Point K-1 P 5494 5494 Wellington Trust K-1 P 275244 275244 Wellington Trust K-1 P 836557 836557 Adams Fund K-1 P 365302 365302 Adams Fund K-1 P 1625002 1625002 GT Oppor. Fund Series 2016 K-1 P 2100 2100 GT Oppor. Fund Series 2017 K-1 P 30 30 Atalaya K-1 P -42747 -42747 Silver Point K-1- UBI P 7131 7131 0 0 Silver Point K-1- UBI P 9232 9232 0 0 15888531 975558 0 20819267 510616116 0.040773 20277216 426171893 0.047580 17979265 255689731 0.070317 19608282 225884753 0.086807 15853223 202742739 0.078194 0.323671 0.064734 570030559 36900358 244771 37145129 22842574 489541 0 489541 0 489541 656238 0 0 656238 X 707 165990 165990 0 0 0 0 0 0 0 0 1 1 1 0 1 1 DC MD VA 1 1 0 0 0 1 www.bainumfdn.org The Foundation 2404500000 7735 Old Georgetown Road Ste 1000 Bethesda MD 20814 1 CJ CA VQ BD 0 0 1 1 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 Barbara Bainum 7735 Old Georgetown Road Bethesda MD 20814 Chair/CEO/President 40.00 381146 74255 0 Mark R Birmingham 7735 Old Georgetown Road Bethesda MD 20814 CFO/CIO/TREASURER 40.00 420553 96867 0 Rozita La Gorce Green 7735 Old Georgetown Road Bethesda MD 20814 Vice President/CSO 40.00 255724 53360 0 Alexander Froom 7735 Old Georgetown Road Bethesda MD 20814 Director 2.00 0 0 0 Charles A Ledsinger 7735 Old Georgetown Road Bethesda MD 20814 Director 2.00 0 0 0 Joan Lombardi 7735 Old Georgetown Road Bethesda MD 20814 Director 1.00 0 0 0 Scott Renschler 7735 Old Georgetown Road Bethesda MD 20814 Director 1.00 0 0 0 Kenny Emson 7735 Old Georgetown Road Bethesda MD 20814 Director 2.00 0 0 0 Tammy Mann 7735 Old Georgetown Road Bethesda MD 20814 Director 1.00 0 0 0 Maura Marino 7735 Old Georgetown Road Bethesda MD 20814 Director 1.00 0 0 0 Roberto Rodriguez 7735 Old Georgetown Road Bethesda MD 20814 Director 1.00 0 0 0 David Daniels 7735 Old Georgetown Road Bethesda MD 20814 VP of Oper.& Org.Eff 40.00 201468 34392 0 Angela Deeds 7735 Old Georgetown Road Bethesda MD 20814 Sr. Dir. of Finance 40.00 195790 26097 0 Noel Bravo 7735 Old Georgetown Road Bethesda MD 20814 Sr. Dir. of Program 40.00 166100 30776 0 Ann Egan 7735 Old Georgetown Road Bethesda MD 20814 Sr. Dir. of Communic 40.00 157165 27228 0 Leila Otis 7735 Old Georgetown Road Bethesda MD 20814 Sr. Dir. of Program 40.00 158936 17712 0 51 United Planning Organization 301 Rhode Island Avenue NW Washington DC 20001 Professional fees 455949 National Children's Center Inc 8757 Georgia Avenue Suite 700 Silver Spring MD 20910 Professional fees 363258 New Schools Venture Fund 1970 Broadway Suite 350 Oakland CA 94612 Professional fees 300000 Reinvestment Fund 1700 Market Street Suite 1900 Philadelphia PA 19103 Professional fees 250262 Community of Hope Inc 4 Atlantic Street NW Washington DC 20032 Professional fees 240000 31 In the D.C. Wards 7 and 8 Initiative, the Foundation provides technical assistance to build the capacity of early childhood service providers, parents and other stakeholders in the fields of practice, policy and research. This work is focused on enhancing developmental opportunities for infants, toddlers and their families in the District of Columbia's Wards 7 and 8. For school-aged children, this initiative provides technical assistance to enhance wrap-around services (e.g., mental health resources and school infrastructure) in Wards 7 and 8. Finally, this initiative builds the body of knowledge in the child development field in order to increase the use of evidence-based practices and data by parents, service providers and other stakeholders who support children. 15581134 Through direct operations and partnerships, the Food Security Initiative works to improve healthy food access for low-income families in the District and strengthen the local food system. The Food Security Initiative, which includes operations at a 263-acre farm in Middleburg, Virginia, and investments in the District, aims to achieve impact in four key areas: sustainable agriculture, nutrition education, food-related workforce development and local food distribution pathways. 1551565 The Seventh-day Adventist Initiative involves partnerships with faith-based schools and organizations in the areas of early learning, wrap-around support, knowledge building and infrastructure to expand the availability of high-quality faith-based learning environments for infants, toddlers, and children. The SDA Initiative helps schools with organizational effectiveness, educator capacity building, wrap-around supports such as tuition assistance and building and renovation projects. 4551775 The Family Philanthropy Initiative oversees grants to not-for-profit organizations through its Family Fund, the Global Education Fund, generational giving and a staff matching gifts program. 1824228 Purchase a facility for conversion to an early learning center in Silver Spring, Maryland. 5000000 4P Foods: Expand food distribution services to Wards 7 and 8 and improve local food distribution system capacity in DC region. 500000 5500000 310178293 7745153 260787781 578711227 10692058 0 578711227 8680668 570030559 28501528 X 17264471 5500000 78103 22842574 0 22842574 X 9564082 9816847 10330454 5366198 35077581 8129470 8344320 8780886 4561268 29815944 22842574 20819267 20277216 17979265 81918322 1923218 1971639 1074123 3471478 8440458 20919356 18847628 19203093 14507787 73477864 0 0 19001019 17020537 14205730 8522991 58750277 0 0 0 0 X Allegheny East Conference 767 Douglass Dr Boyertown PA 19512 None PC Baltimore Junior Academy Renovation 71815 American Civil Liberties Union Foundation Inc 125 Broad Street New York NY 20004 None PC General Operating/Mission 50 American Foundation for Suicide Prevention 120 Wall Street 29th Floor New York NY 10005 None PC General Support Judi Stevenson-Garcia Fundraiser 25 Beltsville Adventist School 4230 Ammendale Road Beltsville MD 20705 None PC Construction Project 37677 Capital Area Food Bank 4900 Puerto Rico Avenue NE Washington DC 20017 None PC General Operating/Mission 100 Capital Area Food Bank 4900 Puerto Rico Avenue NE Washington DC 20017 None PC General Operating/Mission 75 Center on Budget and Policy Priorities 820 1st Street NE Suite 510 Washington DC 20002 None PC General Operating/Mission 103 Community Animal Rescue Effort PO Box 1964 Evanston IL 60204 None PC Diane Moe's First Giving page 25 Community Resources for Children 3299 Claremonth Way Suite 1 Napa CA 94558 None PC Quality Early Learning Starting Points 28000 Compass Family Service 49 Powell Street 3rd Floor San Francisco CA 94102 None PC Compass Clinical Services 55000 Cool Effect 919 Sir Francis Drake Boulevard Suite 201 Kentfield CA 94904 None PC Native American Methane Capture 26 DonorschooseOrg 134 W 37th Street 11th Floor New York NY 10018 None PC General Operating/Mission 100 Dumbarton Concerts Inc 3133 Dumbarton Street NW Washington DC 20007 None PC Inner City - Inner Child 35000 El Nido Family Centers 440 Shatto Place Suite 417 Los Angeles CA 90020 None PC General Operating/Mission 52000 Ellicott City Partnership PO Box 92 Ellicott City MD 21041 None PC Flood Relief 100 Ellicott City Partnership PO Box 92 Ellicott City MD 21041 None PC Flood Relief 200 Firelight Foundation 740 Front Street Suite 380 Santa Cruz CA 95060 None PC Cultivating Early Childhood Development in Malawi 105000 Florida Keys Healthy Start Coalition PO Box 6166 Key West FL 33041 None PC General Operating/Mission 80000 Free Minds Book Club 2201 P Street NW Washington DC 20037 None PC General Operating/Mission 26 Georgia-Cumberland Academy 397 Academy Drive SW Calhoun GA 30701 None PC Support Construction Projects 705336 Global Fund for Children 1101 14th Street NW Suite 420 Washington DC 20005 None PC Early Childhood Development 300000 Grassroot Soccer Inc PO Box 712 Norwich VT 05055 None PC General Operating/Mission 110 Homeless Prenatal Program Inc 2500 18th Street San Francisco CA 94110 None PC General Operating/Mission 50000 House of Ruth 5 Thomas Circle NW Washington DC 20005 None PC General Operating/Mission 75 House of Ruth Maryland Inc 2201 Argonne Drive Baltimore MD 21218 None PC Domestic Violence Awareness Month 100 International Rescue Committee Inc 122 East 42nd Street 12th Floor New York NY 10168 None PC Pre-school Healing Classroom 100000 International Rescue Committee Inc 122 East 42nd Street 12th Floor New York NY 10168 None PC General Operating/Mission 50 Iowa State University Foundation 2505 University Boulevard Ames IA 50010 None PC General Operating/Mission 100 Lighthouse Central Florida 215 E New Hampshire Street Orlando FL 32804 None PC Early Intervention 50000 Maret School 3000 Cathedral Avenue NW Washington DC 20008 None PC General Operating/Mission 75 Martha's Table 2114 14th Street NW Washington DC 20009 None PC General Operating/Mission 75 Masonic Foundation of DC 5248 MacArthur Boulevard NW Washington DC 20016 None PC Disaster Relief for Guatemala 20 Metropolitan Organization to Counter Sexual Assault 3100 Broadway Suite 400 Kansas City MO 64111 None PC General Operating/Mission 100 National Resources Defense Council Inc 40 W 20th Street New York NY 10011 None PC General Operating/Mission 55 Nature Conservancy Inc 4245 N Fairfax Drive Suite 100 Arlington VA 22203 None PC Carbon Offset 15 OneAmerica 1225 S Weller Street Suite 430 Seattle WA 98144 None PC Expanding Bilingualism and Dual Language in Early Learning 20000 Open Arms Perinatal Services 2524 16th Avenue South Suite 207A Seattle WA 98144 None PC General Operating/Mission 30000 Operation Breakthrough Inc 3039 Troost Avenue Kansas City MO 64109 None PC General Operating/Mission 100 Orphan Foundation of America 21351 Gentry Drive Suite 130 Sterling VA 20166 None PC General Operating/Mission 100 Para Los Ninos 5000 Hollywood Boulevard Los Angeles CA 90027 None PC Early Education Teacher/Coach Mentoring Program 25000 Plan International USA 155 Plan Way Warwick RI 02886 None PC General Operating/Mission 75 Planned Parenthood Federation of America 434 West 33rd Street New York NY 10001 None PC General Operating/Mission 75 Planned Parenthood of Metropolitan Washington DC PO Box 34128 Washington DC 20043 None PC General Operating/Mission 100 ProPublica Inc 155 Avenue of the Americas 13th Fl New York NY 10013 None PC General Operating/Mission 40 Providence Student Union 74 Westminster Street Providence RI 02903 None PC General Operating/Mission 120 Rainbow Place Shelter for Homeless Women Inc 215 W Montgomery Avenue Rockville MD 20850 None PC General Operating/Mission 100 Rape Abuse and Incest National Network 1220 L Street NW Suite 505 Washington DC 20005 None PC General Operating/Mission 50 Rockville Music Theatre PO Box 1248 Rockville MD 20849 None PC General Operating/Mission 25 Sandy Spring Museum Inc 17901 Bentley Road Sandy Spring MD 20860 None PC General Operating/Mission 30 Save the Children Federation Inc 501 Kings Highway East Suite 400 Fairfield CT 06825 None PC Early Learning Toolkits in Uganda 100000 Scottish Rite Foundation 2800 16th Street NW Washington DC 20009 None PC Scottish Rite Almoner's Fund 30 Scottish Rite Foundation 2800 16th Street NW Washington DC 20009 None PC Scottish Rite Almoner's Fund 20 Soka Gakkai International 606 Wilshire Boulevard Santa Monica CA 90401 None PC Myoho-Renge-Kyo (Lotus Sutra) Research 100 Some Inc 71 O Street NW Washington DC 20001 None PC General Operating/Mission 75 Southern Adventist University PO Box 370 Collegedale TN 37315 None PC Student Missions 200 Southern Poverty Law Center Inc 400 Washington Avenue Montgomery AL 36104 None PC General Operating/Mission 50 St Helena Preschool For All Inc 465 Mail Street St Helena CA 94574 None PC Scholarship Fund 25000 The Leukemia and Lymphoma Society Inc 3 International Drive Suite 200 Rye Brook NY 10573 None PC General Operating/Mission 25 Trustees of Mount Holyoke College 50 College Street South Hadley MA 01075 None PC Student Aid/Scholarships 100 United Way of Greater Houston PO Box 3247 Houston TX 77253 None PC United Way Relief Fund 30 United Way of Greater Houston PO Box 3247 Houston TX 77253 None PC United Way Relief Fund 75 University of Maryland College Park Foundation 1308E Benjamin Building College Park MD 20742 None PC Trauma Sensitive Pedagogy for Young Children 50000 WETA Public Television and Radio 3939 Campbell Avenue Arlington VA 22206 None PC General Operating/Mission 60 Whitman-Walker Clinic Inc 1701 14 Street NW Washington DC 20009 None PC General Operating/Mission 100 Yale University PO Box 803 New Haven CT 06503 None PC General Operating/Mission 75 Youth Service Opportunities Project Inc 15 Rutherford Place New York NY 10003 None PC General Operating/Mission 30 1923218 0 14 1528912 900000 51628 14 7727342 16 1528594 900000 108532 14 496439 900000 16363 18 15362533 176523 26643820 0 26820343 0 0 0 0 0 0 0 0 0 0 X X 1 Roberta Bainum 7735 Old Georgetown Road Suite 1000 Bethesda MD 20814 1000000 X 2 Jane Bainum 7735 Old Georgetown Road Suite 1000 Bethesda MD 20814 3300000 X Accounting 111186 0 0 108382 Choice Hotels International, Inc. 111345782 111345782 GMO Qual FD III 22379806 22379806 MFO Vanguard Instl Total Index 12167422 12167422 Bac Cap TR XIII 1762500 1762500 Dominion Res Inc VA 483750 483750 Enbridge Energy Partners LP 998750 998750 Goldman Sachs Cap II 1681200 1681200 JPMorgan Chase & Fltg 2015000 2015000 Wells Fargo & Co 2026250 2026250 XL Group PLC 1965000 1965000 Alphabet Inc. 503158 503158 Amer Elec PWR Co 304007 304007 Apple Inc. 296546 296546 Amazon 146183 146183 Citigroup Inc Com 246935 246935 CME Group 267681 267681 Cognex Corp 191645 191645 CVS Health Corp 204826 204826 Delta Air Lines Inc. 194246 194246 Editas Medicine Inc. 65139 65139 EOG Resources Inc. 205807 205807 Estee Lauder 352302 352302 FLIR System Inc. 338948 338948 Goldman Sachs Group 299534 299534 Grubhub Inc. 152224 152224 Illumina Inc. 421169 421169 Impinj Inc. 294306 294306 Intellia Therapeutics Inc. 74638 74638 Intuitive Surgical Inc. 182301 182301 Nike Inc. 352584 352584 Nvidia Corp 111343 111343 Range Res Corp 167969 167969 Foundation Medicine Inc 265335 265335 Regeneron Pharmaceuticals Inc. 164560 164560 Square Inc. 110890 110890 Splunk Inc. 119923 119923 Terreno Realty Corp 262748 262748 Tiffany & Co 114492 114492 Verizon Communications 332650 332650 Walt Disney Co 239491 239491 Rock Creek Bainum Family Fnd. Hedge Fund FMV 100144277 100144277 Turner-Agassi Charter School Facilities Fund II LP RE FMV 1173026 1173026 IPI Data Center Partners Fund I, LP FMV 1821764 1821764 Rose Affordable Housing Preservation Fund IV, LP FMV 3653134 3653134 Fairmont Building LLC Real Estate FMV 44886993 44886993 MFO Doubleline total Return Bond FMV 8156399 8156399 MFO Eaton Vance Mutual Fds FMV 9213903 9213903 Financial Opportunistic Fund Ltd. FMV 42067000 42067000 Atalaya Asset Income Fund III LP FMV 2682890 2682890 Avenue Aviation Opportunities Fund II FMV 2497802 2497802 Silver Point Specialty CreditFund LP FMV 3604837 3604837 TCI Real Estate Partners Fund II FMV 3929999 3929999 Venture Capital and Partnership Private Equities FMV 18275099 18275099 MFO Vanguard Developed Markets-International Equities FMV 21940304 21940304 Adams Fund Series LLC FMV 29836235 29836235 Wellington Emerging Markets FMV 16606613 16606613 Kalorama FMV 6523986 6523986 Generation IM Global Equity Fund, LLC FMV 12415524 12415524 MFC Emerging Mkts Index FMV 7653334 7653334 Bpost Sa/NV NPV FMV 54547 54547 Daifuku Co FMV 211619 211619 Fanuc Corp FMV 229457 229457 Hiroshima Bank NPV FMV 197291 197291 ADR LVMH Moet Hennessy FMV 247763 247763 Sumitomo Mitsui Financial Group FMV 156018 156018 ADR Ing Groep NV FMV 206179 206179 ADR Unilever NV FMV 249068 249068 ADR Novartis AG FMV 224505 224505 ADR Royal Dutch Shell PLC FMV 244104 244104 Computer hardware 307928 292175 15753 15753 Furniture and equipment 427996 227295 200701 200701 Telephone system 41973 32765 9208 9208 Computer software 579873 577717 2156 2156 LHI/Office Expansion 841891 71908 769983 769983 Land- Naples, Florida 874057 0 874057 874057 Fairmont Building, LLC 3135847 0 3135847 3135847 Bainum Foundation Farm, LLC 4543456 146290 4397166 4397166 Legal Fees 184962 0 0 169606 Accrued interest/dividend receivable 542766 464464 464464 Bequest receivable 3207170 2556394 2556394 Federal excise tax receivable 257885 180045 180045 Investment related receivables and pending purchases 10561203 22232227 22232227 Program related investments 6246505 5400000 5400000 Change in FMV of pledge donated assets 650776 Bank fees 14205 12213 12213 1992 Licensing and subscription 263724 6946 6946 299400 Insurance 97381 0 0 96171 Office related expenses 21076 72 72 19820 Student expenses 79290 0 0 29195 School Enhancement Contracts 42926 0 0 42926 Farming expenses 153621 0 0 149405 Equipment and maintenance 49801 0 0 49691 Scholarships 946454 0 0 942506 PRI loan discount and loss reserve 6346505 0 0 0 Allocation fees 0 201071 201071 -201071 Telephone 15124 0 0 15063 Recruiting 6146 0 0 6193 Partnership K-1 Investments 496439 496439 496439 Partnership K-1 Investments UBI 108532 0 0 Unrealized gain on investments 31857816 Deferred federal excise tax payable 1375800 2094731 Consulting 2541289 12949 12949 2488304 Investment fees K-1 1386658 1386658 1386658 0 Investment fees 590423 590423 590423 0 Partner Agreements 5045098 0 0 4141916 Investment Fees K-1 UBI 4901 0 0 0 Stewart W Bainum Jr 17267698 17655924 2014-09 2023-09 Annual interest payments, balloon payment at maturity 2.860000000000 Personal guarantee Purchase of estate assets under exception provisions in 53.4941(d)-3 Estate assets 17655924 Scott A Renschler 1165050 1191243 2014-09 2023-09 Annual interest payments, balloon payment at maturity 2.860000000000 Personal guarantee Purchase of estate assets under exception provisions in 53.4941(d)-3 Estate assets 1191243 Bruce D Bainum 17449670 17680273 2015-01 2024-01 Annual interest payments, balloon payment at maturity 2.750000000000 Personal guarantee Purchase of estate assets under exception provisions in 53.4941(d)-3 Estate assets 17680273 Todd Renschler 540900 548007 2015-01 2024-01 Annual interest payments, balloon payment at maturity 2.750000000000 Personal guarantee Purchase of estate assets under exception provisions in 53.4941(d)-3 Estate assets 548007 Brian B Bainum 513855 520606 2015-01 2024-01 Annual interest payments, balloon payment at maturity 2.750000000000 Personal guarantee Purchase of estate assets under exception provisions in 53.4941(d)-3 Estate assets 520606 Dinwiddie Farms LLC 4356674 4413916 2015-01 2024-01 Annual interest payments, balloon payment at maturity 2.750000000000 Corporate obligation Purchase of estate assets under exception provisions in 53.4941(d)-3 Estate assets 4413916 Choice Hotels International Stock(CHH): The Principal sponsors, their descendants, including the CEO and several directors of the Foundation, own an aggregate of 36.93% of the common stock of CHH which is publicly traded in the United States of America. Although voting and dispositive power for the Foundation's CHH shares rests with a committee independent of the family and other affiliates of CHH, as a prudent matter, the Foundation has continued to comply with rule 144 requirements. As of June 30, 2018, the Foundation owned 1,597,472 Shares of CHH stock which represents 2.8% of the total CHH Shares issued and outstanding. The stock is valued at the June 30, 2018 NY stock exchange closing price discounted at 7.9%. The discount is based on an independent appraisal, from June 30, 2018, which was performed in compliance with the uniform standards of professional appraisal practices. Federal excise tax 578727 0 0 500887 Foreign taxes K-1 60734 60734 60734 0 Deferred excise taxes 718931 0 0 0