2019-05-09T18:39:58-05:00 2018-06-30 953001179 WINDES INC PO BOX 87 LONG BEACH CA 908010087 990 2017-07-01 954368250 THE LIBRARY FOUNDATION OF LOS ANGELES LIBR 2132287500 630 W FIFTH STREET LOS ANGELES CA 90071 KEN BRECHER PRESIDENT 2132287500 2019-04-23 1 DONITA M JOSEPH P00286656 5624351191 2019-04-22 66.215.11.242 2019-04-23 10:16:34 PD P 5D04C9354A80B93E424F24406112F0168D52D17D FAA4A87504889BA9051C5890A3D1561A7470D032 2017 2019-02-21 02:37:17Z KEN BRECHER 630 W FIFTH STREET LOS ANGELES CA 90071 24150219 0 X WWW.LFLA.ORG X 1992 CA TO SUPPORT THE LOS ANGELES PUBLIC LIBRARY. 49 48 59 10 0 18518 7096508 6430066 94904 91980 635506 1031233 236815 -56891 8063733 7496388 23482 40397 0 0 4142544 4604084 0 0 1028447 2639167 2648615 6805193 7293096 1258540 203292 45445188 48093445 625016 617078 44820172 47476367 X THE FOUNDATION SUPPORTS AND ENRICHES THE CAPABILITIES, RESOURCES, AND SERVICES OF THE LOS ANGELES PUBLIC LIBRARY THROUGH FUNDRAISING, ADVOCACY, AND INNOVATIVE PROGRAMS THAT BENEFIT THE DIVERSE COMMUNITY AND PROMOTE GREATER AWARENESS OF THE LIBRARY'S VALUABLE RESOURCES. 0 0 1873802 INVESTING IN LIFELONG LEARNINGTHE FOUNDATION IS COMMITTED TO BREAKING CYCLES OF LOW LITERACY BY SUPPORTING THE LIBRARY IN WORKING WITH CHILDREN AND THEIR PARENTS/CAREGIVERS AT ALL 73 LIBRARY LOCATIONS, AND IN PARTNERSHIP WITHLOCAL SCHOOLS, CLINICS, AND COMMUNITY ORGANIZATIONS, TO EXTEND LIBRARYRESOURCES TO AS MANY PARENTS AND EDUCATORS AS POSSIBLE. THE FOUNDATIONRAISES SUPPORT FOR THE LIBRARY TO OFFER A SERIES OF LITERACY RELATEDACTIVITIES FOR CHILDREN THROUGH THE USE OF COMPUTER AIDES/CYBERNAUTS. THE FOUNDATION ALSO FUNDS A VARIETY OF ADULT LITERACY INITIATIVES WHICH HELP ADULTS IMPROVE THEIR READING AND WRITING ABILITIES IN ORDER TO SUCCEED IN LIFE, BREAK THE CYCLE OF ILLITERACY AND FOSTER A LOVE OF LIFELONG READING. THE FOUNDATION ALSO PROVIDES SUPPORT FOR THE LIBRARY'S SCIENCE, TECHNOLOGY, ENGINEERING, ART AND MATH PROJECTS VIA THE FULL STEAM AHEAD PROGRAM AS WELL AS FUNDS CAREER ONLINE HIGH SCHOOL, OFFERING ADULTS AN OPPORTUNITY TO EARN AN ACCREDITED HIGH SCHOOL DIPLOMA. 1857109 40397 91980 ENGAGING THE IMAGINATIONTHROUGHOUT THE YEAR, THE FOUNDATION BRINGS MANY ESTABLISHED AND EMERGING AUTHORS, POETS, JOURNALISTS, ACADEMICS, AND ARTISTS FOR PUBLIC EVENTS. THE FOUNDATION ALSO SEEKS TO PROVIDE LIBRARY AWARENESS, INSPIRE AND CHALLENGE PEOPLE WITH FREE EXHIBITIONS AND UNIQUE PUBLIC PROGRAMMING THAT EXPLORES ART AND LITERATURE, THE CULTURAL LANDSCAPE OF LOS ANGELES, AND THE VAST COLLECTIONS OF THE LIBRARY. 1717238 HELPING STUDENTS SUCCEEDTHE FOUNDATION SUPPORTS LIBRARY PROGRAMS AND SERVICES THAT PROVIDE STUDENTS WITH FREE ONLINE TUTORING, TEST PREP AND COLLEGE PREP WORKSHOPS (I.E., SAT/ACT/PSAT EXAMS), SPACES TO USE COMPUTERS AND DO HOMEWORK, AND MORE. THE FOUNDATION-FUNDED TEENS LEADING CHANGE PROGRAM PROVIDES TEENS OPPORTUNITIES TO UNDERSTAND AND ENGAGE IN CIVICS IN THEIR COMMUNITIES. SUMMER AND WINTER READING CHALLENGES ENCOURAGE STUDENTS TO KEEP THEIR READING AND CRITICAL THINKING SKILLS STRONG DURING SCHOOL VACATIONS.THE PARTNERSHIP WITH HOSPITALS, HEALTH CARE PROVIDERS, DAYCARE CENTERS AND EARLY CHILDHOOD EDUCATION CENTERS HELP PARENTS START THEIR BABIES ON THE PATH TO LIFELONG SUCCESS THROUGH INITIATIVES LIKE READ BABY READ (RBR). AN EXPANSION OF THE WE READ TOGETHER PROGRAM, RBR, OFFERS NEW AND EXPECTING PARENTS WITH EVERYTHING THEY NEED TO DEVELOP EARLY LITERACY SKILLS IN THEIR BABIES AND TODDLERS. 5448149 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 1 0 1 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 189 0 1 59 1 1 1 0 0 0 0 1 1 0 0 0 0 X 49 48 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X THERESA MORRISON CFO 2132287500 630 W FIFTH STREET LOS ANGELES CA 90071 GWEN MILLER CHAIR 4.00 X X 0 0 0 ROBERT ALVARADO VICE-CHAIR 3.00 X X 0 0 0 KAREN STEVENSON TREASURER 2.00 X X 0 0 0 TOM GEISER SECRETARY 2.00 X X 0 0 0 DEBRA ALBIN-RILEY DIRECTOR 1.00 X 0 0 0 NADIA ALLAUDIN DIRECTOR 1.00 X 0 0 0 BETSY APPLEBAUM DIRECTOR 1.00 X 0 0 0 DEBI BISHTON DIRECTOR 1.00 X 0 0 0 ANN BOYD DIRECTOR 1.00 X 0 0 0 BRENDON CASSIDY DIRECTOR 1.00 X 0 0 0 ERIC CHAVES DIRECTOR 1.00 X 0 0 0 ROBERT CHICK DIRECTOR 1.00 X 0 0 0 CARLA CHRISTOFFERSON DIRECTOR 1.00 X 0 0 0 JOHN COOKE DIRECTOR, EMERITUS 1.00 X 0 0 0 THOMAS CRAHAN DIRECTOR 1.00 X 0 0 0 ROBERT DAWSON DIRECTOR 1.00 X 0 0 0 SUNITA DESHMUKH DIRECTOR 1.00 X 0 0 0 MARK EASTON DIRECTOR 1.00 X 0 0 0 MONA EHRENREICH DIRECTOR (THRU 12/31/17) 1.00 X 0 0 0 KATHRYN EIDMANN DIRECTOR 1.00 X 0 0 0 AMANDA FAIREY DIRECTOR 1.00 X 0 0 0 MARK HANDLER DIRECTOR 1.00 X 0 0 0 SAMANTHA HANKS DIRECTOR 1.00 X 0 0 0 DEAN HANSELL DIRECTOR 1.00 X 0 0 0 NANCY HARAHAN DIRECTOR 1.00 X 0 0 0 DUSTIN HEALEY DIRECTOR 1.00 X 0 0 0 MARK HUTCHINS DIRECTOR 1.00 X 0 0 0 CATHERINE HUTTO-GORDON DIRECTOR 1.00 X 0 0 0 DARREN JACKSON DIRECTOR 1.00 X 0 0 0 MICHAEL JONES DIRECTOR 1.00 X 0 0 0 JUDITH KAMINS DIRECTOR 1.00 X 0 0 0 PATRICIA KAO DIRECTOR 1.00 X 0 0 0 MICHAEL KELLEY DIRECTOR 1.00 X 0 0 0 ALLEN KIRSCHENBAUM DIRECTOR (THRU 09/01/17) 1.00 X 0 0 0 MAI LASSITER DIRECTOR 1.00 X 0 0 0 MIKE LINDSEY DIRECTOR 1.00 X 0 0 0 ATTICA LOCKE DIRECTOR 1.00 X 0 0 0 KENICHIRO MIZOGUCHI DIRECTOR 1.00 X 0 0 0 TERYL MURABAYASHI DIRECTOR 1.00 X 0 0 0 NICOLE NEEMAN BRADY DIRECTOR 1.00 X 0 0 0 BERNARD PARKER DIRECTOR 1.00 X 0 0 0 JOHN PEER DIRECTOR 1.00 X 0 0 0 LAURA ROSENWALD DIRECTOR 1.00 X 0 0 0 RACHEL SMALL DIRECTOR 1.00 X 0 0 0 KIM SONNENBLICK DIRECTOR 1.00 X 0 0 0 LINDSEY SPINDLE DIRECTOR 1.00 X 0 0 0 SHARON TOMKINS DIRECTOR 1.00 X 0 0 0 BETSY WANNER DIRECTOR 1.00 X 0 0 0 JC WILEMAN DIRECTOR (THRU 11/28/17) 1.00 X 0 0 0 MASAHIKO MATT YAMAGUCHI DIRECTOR (THRU 09/30/17) 1.00 X 0 0 0 STEPHANIE YONEKURA DIRECTOR 1.00 X 0 0 0 JOHN F SZABO CITY LIBRARIAN 2.00 X 0 0 0 ERIC GARCETTI MAYOR OF LOS ANGELES 1.00 X 0 0 0 KENNETH BRECHER PRESIDENT 60.00 X X 485000 0 46544 REBECCA SHEHEE VICE PRESIDENT 60.00 X 257250 0 22932 THERESA MORRISON CHIEF FINANCIAL OFFICER 60.00 X 171794 0 20812 914044 0 90288 3 0 1 0 MANAGED CAREER SOLUTIONS INC 3333 WILSHIRE BOULEVARD SUITE 405 LOS ANGELES CA 90010 STAFFING FOR PROGRAM SERVICES 473366 TUTORCOM 62996 COLLECTION CENTER DRIVE CHICAGO IL 60693 ONLINE TUTORING SERVICE 320000 POWERMYLEARNING INCCFY 520 8TH AVENUE 10TH FLOOR NEW YORK NY 10018 STAFFING FOR PROGRAM SERVICES 262703 IES COMMERCIAL INC 2801 S FAIR LANE TEMPE AZ 85282 PUBLIC LIBRARY VIDEO WALL AND DESIGN 124333 IRIDESCENT 532 WEST 22ND STREET LOS ANGELES CA 90007 STEAM PROFESSIONAL DEVELOPMENT 102781 6 X 814507 1264387 20000 4331172 162830 6430066 READING ALOUD PROGRAM 900099 91980 91980 91980 656206 656206 16112583 15737556 375027 375027 375027 312275 1264387 360571 -48296 -48296 547109 555704 -8595 -8595 7496388 91980 0 974342 X 40397 40397 928569 345027 88605 494937 3195253 2606511 267839 320903 80703 44745 19421 16537 213148 118325 51233 43590 186411 104884 44219 37308 481 481 38500 38500 99806 99806 13928 13928 258216 249448 8768 240606 29482 102900 108224 16246 11058 5188 60694 36643 24051 33078 33078 3988 3988 SEMINARS, EXHIBITS, AND 1040627 1040627 EVENTS 376186 359920 9318 6948 COMPUTER EQUIPMENT 250998 250653 345 LIBRARY BOOKS 35879 35879 179382 174069 5313 7293096 5448149 816500 1028447 325393 61084 51001 72866 1554192 2402188 136625 129816 49420 103371 756376 246398 536396 509978 41333372 43429907 988384 883838 470405 500397 45445188 48093445 98249 114221 526767 502857 625016 617078 X 19677430 20739255 10164029 11728399 14978713 15008713 44820172 47476367 45445188 48093445 X 203292 2422911 29992 X 0 1 X 1 0 X 5186308 5922813 6990277 7096508 6430066 31625972 5186308 5922813 6990277 7096508 6430066 31625972 3511386 28114586 945678 664315 559665 555293 656206 3381157 35007129 2897167 0.80310 0.73930 X 39341076 30000 3340372 1329470 41381978 34487342 1529100 4581389 1256755 39341076 34651259 2012250 -1017491 1158676 34487342 34451439 995870 242130 1038180 34651259 29865748 600000 4947605 961914 34451439 0.44000 0.36000 0.20000 0 0 756376 246398 509978 509978 X 10570279 2422911 165090 29992 2617993 7952286 99806 -555704 -455898 7496388 7914084 165090 555704 720794 7193290 99806 99806 7293096 PART V, LINE 4: THE FOUNDATION'S ENDOWMENT FUNDS ARE USED TO SUPPORT A VARIETY OF PURPOSES INCLUDING LITERACY, EDUCATION, AND HUMANITIES. PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES AND CALIFORNIA FRANCHISE TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND CORRESPONDING CALIFORNIA REVENUE AND TAXATION CODE SECTIONS. THE FOUNDATION RECOGNIZES THE FINANCIAL STATEMENT BENEFIT OF A TAX POSITION, SUCH AS ITS FILING STATUS AS TAX-EXEMPT, ONLY AFTER DETERMINING THAT THE RELEVANT TAX AUTHORITY WOULD MORE LIKELY THAN NOT SUSTAIN THE POSITION FOLLOWING AN AUDIT. THE FOUNDATION IS SUBJECT TO POTENTIAL INCOME TAX AUDITS ON OPEN TAX YEARS BY ANY TAXING JURISDICTION IN WHICH IT OPERATES. THE STATUTE OF LIMITATIONS FOR FEDERAL PURPOSES IS THREE YEARS AND FOR CALIFORNIA PURPOSES IS FOUR YEARS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGES IN VALUE OF CHARITABLE REMAINDER TRUSTS 29,992. PART XI, LINE 4B - OTHER ADJUSTMENTS: LIBRARY STORE EXPENSES -555,704. PART XII, LINE 2D - OTHER ADJUSTMENTS: LIBRARY STORE EXPENSES 555,704. SCHEDULE D, PART V, LINE 1E THE LFLA HAS A BOARD APPROVED INVESTMENT PORTFOLIO POLICY STATEMENT IN PLACE FOR APPROPRIATING ENDOWMENT EXPENDITURES RANGING FROM 4% TO 6% OF THE GENERATED EARNINGS FROM THE ENDOWMENT FUND. THIS YEAR, THE FOUNDATION APPROPRIATED 4% (1,329,470) FROM THE UNRESTRICTED AND TEMPORARILY RESTRICTED ENDOWMENTS TO SUPPORT AND FUND THE FOUNDATION'S PROGRAMS AND OPERATIONS. 1 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION GRANTMAKING 40397 0 0 0 0 0 0 40397 0 40397 TRAVEL STIPENDS AND PROGRAM EXPENSES FOR VARIOUS OAXACAN ARTISTS NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 11 40397 CHECK AND/OR INTERNATIONAL WIRE 0 0 0 0 0 0 PART I, LINE 2: IN FY 2017-2018, THE LIBRARY FOUNDATION OF LOS ANGELES (LFLA) DID NOT RECEIVE ANY GRANTS FROM OUTSIDE THE US. THE LFLA DID USE US GRANT FUNDS TO PAY VENDORS OUTSIDE THE US (I.E., OAXACA). THE PROCESS FOR MONITORING THE USE OF GRANTS FUNDS FOR PAYING VENDORS OUTSIDE THE US ARE DONE BY THE LFLA PERSONNEL; MORE SPECIFICALLY BY THE RELATED DEPARTMENTS (I.E., FUNDRAISING, PROGRAM AND ACCOUNTING). THE FOUNDATION ONLY PAYS THEM ONCE THEY ARE DETERMINED BY THE RELATED DEPARTMENTS. LFLA WILL PAY VIA CHECK OR INTERNATIONAL WIRE USING THE SAME CASH DISBURSEMENT AND INVOICE PROCESSING POLICIES AS DESCRIBED IN THE INTERNAL CONTROL NARRATIVE. LFLA PERSONNEL REVIEW QUARTERLY (OR EACH MONTH), A FINANCIAL REPORT THAT SHOWS THE ACTUAL EXPENSES IN COMPARISON TO THE PROPOSED BUDGET APPROVED IN THE GRANT AWARDED. ANY DIFFERENCES ARE REVIEWED BY THE PROGRAM AND ACCOUNTING DEPARTMENTS AND AMOUNTS GREATER THAN 10% MUST DISCUSSED WITH THE VP OF ADVANCEMENT AND EXPLAINED IN THE FINANCIAL REPORT. ALL ORIGINAL RECEIPTS ARE SENT TO THE LIBRARY FOUNDATION ALONG WITH THE REQUEST FOR PAYMENT AS SUPPORT. GRANTEES ALSO SUBMIT A NARRATIVE REPORT DETAILING PROJECT ACTIVITIES AND ACCOMPLISHMENTS UPON PROJECT COMPLETION. LITERARY CELEBRATIONS 1305150 1004062 301088 6366 43237 231283 YOUNG LITERATI TOAST 159096 153733 5363 21900 30285 3319 11192 1 112416 106592 5824 12989 1576662 1264387 312275 28266 73522 3319 255464 360571 -48296 1 X X X X X X 0 0 0 0 0 0 0 0 0 KENNETH BRECHER PRESIDENT 290000 0 195000 0 0 0 10800 0 35744 0 531544 0 0 0 REBECCA SHEHEE VICE PRESIDENT 157250 0 100000 0 0 0 7562 0 15370 0 280182 0 0 0 THERESA MORRISON CHIEF FINANCIAL OFFICER 146794 0 25000 0 0 0 6739 0 14073 0 192606 0 0 0 X 12 141252 FMV X 5 14630 FMV X CATERING 2 6948 FMV 0 1 0 PART I, COLUMN (B): COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE MEETS WITH THE RETURN PREPARERS TO REVIEW THE DRAFT 990, ASK QUESTIONS, AND SUGGEST REVISIONS (USUALLY AT THE JANUARY BOARD AND COMMITTEE MEETINGS). THE DRAFT 990 IS SENT TO ALL BOARD MEMBERS. THEY ARE INVITED TO SPEAK WITH THE AUDIT COMMITTEE MEMBERS AND TAX PREPARERS (WINDES), IF THEY SO WISH. THE CFO AGAIN REVIEWS THE 990 (USUALLY AT THE MARCH OR APRIL BOARD AND COMMITTEEE MEETINGS) WITH REVISIONS, IF ANY, BEFORE FILING. UPON REQUEST, THE CFO WILL ALSO MEET WITH INDIVIDUAL BOARD MEMBERS TO ANSWER ANY QUESTIONS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY APPLIES TO: 1) VOTING MEMBERS OF THE BOARD OF DIRECTORS, 2) OFFICERS AS DEFINED IN THE FOUNDATION'S BYLAWS; OR 3) AN EMPLOYEE OF THE FOUNDATION WITH A SIGNIFICANT DECISION-MAKING ROLE IN THE AFFAIRS OR THE OPERATIONS OF THE FOUNDATION, ON AN ANNUAL BASIS. THE DIRECTORS, OFFICERS OR EMPLOYEES ARE REQUIRED TO DISCLOSE ANY RELATIONSHIPS THAT MAY LEAD TO CONFLICTS OF INTEREST AND MUST SIGN AND RETURN THE POLICY EVERY YEAR. THE LAST COMPREHENSIVE REVIEW AND UPDATE TO THIS POLICY WAS COMPLETED IN 2015. FORM 990, PART VI, SECTION B, LINE 15 AN AD HOC COMMITTEE OF THE BOARD'S EXECUTIVE COMMITTEE DETERMINES THE COMPENSATION FOR THE PRESIDENT. THE COMMITTEE SURVEYS MANY OTHER COMPARABLE ORGANIZATIONS AS WELL AS CONSULTS INDEPENDENT FIRMS TO DETERMINE A FAIR COMPENSATION. THE AMOUNTS DETERMINED ARE THEN TAKEN TO THE 12 MEMBER EXECUTIVE COMMITTEE FOR APPROVAL. IN 2016-2017, THE ORGANIZATION ISSUED A COMPREHENSIVE REQUEST FOR PROPOSAL FOR A COMPENSATION AND BENEFITS STUDY. VIVIENT CONSULTING WAS HIRED IN FY 2017-2018 (AUGUST 2017) AND AN OVERVIEW OF THE PROJECT WAS PROVIDED TO THE EXECUTIVE COMMITTEE IN OCTOBER 2017. THE STUDY WAS COMPLETED IN JANUARY 2018 AND A REPORT ISSUED. A COPY OF THIS REPORT CAN BE OBTAINED FROM THE CHAIR OF OUR BOARD, GWEN MILLER OR FROM: 400 CONTINENTAL BOULEVARD, 6TH FLOOR, EL SEGUNDO, CA 90245 CONTACT: SUSAN SCHROEDER, SSCHROEDER@VIVIENT.COM. FORM 990, PART VI, SECTION C, LINE 19 THE FINANCIAL STATEMENTS AS WELL AS THE FORM 990 AND THE IRS DETERMINATION LETTER ARE AVAILABLE VIA THE ORGANIZATION'S WEBSITE, WWW.LFLA.ORG, UNDER THE "ABOUT" SECTION, UNDER "FINANCIALS" SECTION OF THE WEBSITE AND CLICK ON "AUDITED FINANCIALS AND "IRS FORM 990 AND "IRS DETERMINATION LETTER". THOSE DOCUMENTS, AS WELL AS OTHER GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST AT THE MAIN OFFICE OF THE ORGANIZATION. FORM 990, PART VIII, LINE 10B COST OF GOODS SOLD INCLUDES ALL COSTS OF OPERATING THE LIBRARY STORE. FORM 990, PART IX AS PART OF ITS RECURRING STRATEGIC PLANNING PROCESS, THE FOUNDATION REVIEWS ITS PROGRAMS AND THE ALLOCATION OF EXPENSES TO THOSE PROGRAMS. FORM 990, PART I, LINE 8; PART VIII, LINE 1F; PART X, LINE 3 2018 ADDITIONAL ENDOWED GIFTS DURING THE YEAR ENDED JUNE 30, 2018, THE LIBRARY FOUNDATION OF LOS ANGELES RECEIVED AN ADDITIONAL GIFT OF $25,000 FOR THE CLARE PATTERSON HUTOO ENDOWMENT FOR A TOTAL OF $175,000. THIS ENDOWMENT WAS ESTABLISHED FOR THE PURPOSE OF SUPPORTING THE LOS ANGELES PUBLIC LIBRARY'S LIVE HOMEWORK PROGRAM. DURING THE YEAR ENDED JUNE 30, 2018, THE LIBRARY FOUNDATION OF LOS ANGELES RECEIVED AN ADDITIONAL GIFT OF $10,000 FOR THE DEAN HANSELL ENDOWMENT FOR A TOTAL OF $40,000. THIS ENDOWMENT WAS ESTABLISHED FOR THE PURPOSE OF SUPPORTING THE LOS ANGELES PUBLIC LIBRARY'S ADULT LITERACY PROGRAM. DURING THE YEAR ENDED JUNE 30, 2018, THE LIBRARY FOUNDATION OF LOS ANGELES RECEIVED AN ADDITIONAL GIFT OF $10,000 FOR THE LYNN STRASBURG MILLER ENDOWMENT FOR A TOTAL OF $80,000. THIS ENDOWMENT WAS ESTABLISHED FOR THE PURPOSE OF SUPPORTING THE LOS ANGELES PUBLIC LIBRARY'S STUDENT ZONES PROGRAM. DURING THE YEAR ENDED JUNE 30, 2018, THE LIBRARY FOUNDATION OF LOS ANGELES RECEIVED A BEQUEST, FROM THE ESTATE OF RICHARD MCKAY, OF $10,000 FOR THE GREGORY PECK LITERARY ENDOWMENT FOR A TOTAL OF $833,949. THIS ENDOWMENT WAS ESTABLISHED FOR THE PURPOSE OF SUPPORTING CULTURAL PROGRAMS. DURING THE YEAR ENDED JUNE 30, 2018, THE LIBRARY FOUNDATION OF LOS ANGELES RECEIVED AN ADDITIONAL GIFT OF $250,000 FOR THE EDYTHE BROAD TECHNOLOGY FUND FOR STUDENTS FOR A TOTAL OF $750,000. THE PURPOSE OF THIS ENDOWMENT IS TO ENSURE STATE-OF-THE-ART COMPUTERS, LAPTOPS, TABLETS AND PRINTERS ARE AVAILABLE TO YOUNG PEOPLE AT THE 38 STUDENT ZONES OF THE LOS ANGELES PUBLIC LIBRARY. ALL OF THESE GIFTS ARE PERMANENTLY RESTRICTED AND ONLY EARNINGS FROM THESE FUNDS ARE DESIGNATED TO SUPPORT THESE PROGRAMS. 2018 BEQUEST DURING THE YEAR ENDED JUNE 30, 2018, THE LIBRARY FOUNDATION OF LOS ANGELES RECEIVED AN ADDITIONAL UNRESTRICTED BEQUEST, FROM THE ESTATE OF BARBARA TOOHEY, TOTALING $656,694 FOR THE PURPOSE OF SUPPORTING THE ORGANIZATION. OF THIS AMOUNT, $550,000 IS PLEDGED. 2018 BEQUEST DURING THE YEAR ENDED JUNE 30, 2018, THE LIBRARY FOUNDATION OF LOS ANGELES RECEIVED AN UNRESTRICTED BEQUEST, FROM THE ESTATE OF ARLINE ZUCKERMAN, TOTALING $275,000 FOR THE PURPOSE OF SUPPORTING THE ORGANIZATION. OF THIS AMOUNT $92,000 IS PLEDGED. 2018 BEQUEST DURING THE YEAR ENDED JUNE 30, 2018, THE LIBRARY FOUNDATION OF LOS ANGELES RECEIVED AN UNRESTRICTED BEQUEST, FROM THE ESTATE OF ANN ALBERT, TOTALING $164,239 FOR THE PURPOSE OF SUPPORTING THE ORGANIZATION. 2018 BEQUEST DURING THE YEAR ENDED JUNE 30, 2018, THE LIBRARY FOUNDATION OF LOS ANGELES RECEIVED AN UNRESTRICTED BEQUEST, FROM THE ESTATE OF MARJORIE AQUILINO, TOTALING $50,000 FOR THE PURPOSE OF SUPPORTING THE ORGANIZATION. 2018 BEQUEST DURING THE YEAR ENDED JUNE 30, 2018, THE LIBRARY FOUNDATION OF LOS ANGELES RECEIVED AN UNRESTRICTED BEQUEST, FROM THE ESTATE OF MILTON KRIEGER, TOTALING $50,000 FOR THE PURPOSE OF SUPPORTING THE ORGANIZATION. PART VIII THE FOUNDATION OPERATES A GIFT STORE LOCATED IN THE HISTORIC LOS ANGELES CENTRAL LIBRARY. THE LIBRARY STORE WAS REMODELED IN 2016, AFTER 18 YEARS, IN ORDER TO REFRESH THE APPEARANCE AND BRING IT INTO FULL ADA COMPLIANCE. THE LIBRARY STORE SALES SUPPORT THE LOS ANGELES PUBLIC LIBRARY. FORM 990, PART IX, LINE 7 OTHER SALARIES AND WAGES ALSO INCLUDE ADULT LITERACY COORDINATORS, COMPUTER AIDES, AND ALL STAFF NECESSARY TO CARRY OUT PROGRAM SERVICES WITHIN THE 72 BRANCHES OF THE LOS ANGELES PUBLIC LIBRARY SYSTEM. 990, PART IX, LINE 12 MARKETING AND PROMOTIONAL COSTS OF $258,216 INCLUDE ADVERTISING AND COLLATERAL MATERIALS FOR PROGRAMS OFFERED TO THE PUBLIC SUCH AS SIGNAGE, POSTERS, FLYERS, BOOKMARKS, BROCHURES, BOOK BAGS, AND GAME BOARDS, DISTRIBUTED THROUGH SCHOOLS, COMMUNITY ORGANIZATIONS, AND BRANCH LIBRARIES. FORM 990, PART XI, LINE 9: CHANGES IN VALUE OF CHARITABLE REMAINDER TRUSTS 29,992.