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FOR YEARS ENDED DECEMBER 31, 2014 THROUGH DECEMBER 31, 2017, WHICH REPRESENT THE PERIODS MANAGEMENT CONSIDERS TO BE OPEN FOR EXAMINATION BY TAXING AUTHORITIES, MANAGEMENT DID NOT IDENTIFY THE EXISTENCE OF ANY UNCERTAIN TAX POSITIONS. UNRELATED BUSINESS INCOME UNRELATED BUSINESS INCOME ACTIVITIES ARE TAXED AT NORMAL CORPORATE RATES TO THE EXTENT THAT THEY GENERATE TAXABLE NET INCOME. SUCH UNRELATED BUSINESS INCOME MAY BE GENERATED BY CERTAIN ACTIVITIES WITHIN THE FOUNDATION'S LIMITED PARTNERSHIP INVESTMENT. SCHEDULE D, PART XI, LINE 4B AMOUNTS INCLUDED ON FORM 990, PART VIII, LINE 12, BUT NOT ON LINE 1 ARE RELATED TO K-1 INVESTMENT GAINS. SCHEDULE D, PART XII, LINE 2D AMOUNTS INCLUDED ON LINE 1 BUT NOT ON FORM 990, PART IX, LINE 25 RELATE TO REFUNDS OF PRIOR YEAR'S UNUSED GRANTS. SCHEDULE D, PART V, LINE 4 IN 2016, THE FINANCIAL INDUSTRY REGULATORY AUTHORITY, INC. (FINRA) CONTRIBUTED A ONE-TIME TEMPORARILY RESTRICTED CONTRIBUTION OF $0.1 MILLION TO THE FOUNDATION. THE TEMPORARILY RESTRICTED CONTRIBUTION FUNDED THE KETCHUM PRIZE FUND, NAMED FOR FORMER FINRA CHAIRMAN AND CHIEF EXECUTIVE OFFICER AND FOUNDATION CHAIRMAN RICHARD G. KETCHUM, TO AWARD AN ANNUAL PRIZE IN HONOR OF EXEMPLARY CONTRIBUTIONS TO THE FIELD OF INVESTOR PROTECTION AND FINANCIAL CAPABILITY IN THE UNITED STATES. Central America and the Caribbean 0 0 Investments 27870000 0 0 0 0 27870000 27870000 true false true true true false true GREEN MOUNTAIN UNITED WAY 73 MAIN STREET MONTPELIER VT 05602 030261384 501(C)(3) 20000 SEE PART IV IOWA STATE UNIVERSITY 505 MORRILL ROAD AMES IA 50011 426004224 501(C)(3) 59739 SEE PART IV MONTANA STATE UNIVERSITY 309 MONTANA HALL BOZEMAN MT 59717 816010045 501(C)(3) 34166 SEE PART IV NATIONAL DISABILITY INSTITUTE 1667 K STREET WASHINGTON DC 20006 204205838 501(C)(3) 50000 SEE PART IV NEW YORK UNIVERSITY 100 WASHINGTON SQ EAST NEW YORK NY 10003 135562308 501(C)(3) 30349 SEE PART IV UNITED WAY OF BARTHOLOMEW COUNTY 1531 13TH STREET COLUMBUS IN 47201 351132860 501(C)(3) 20000 SEE PART IV UNITED WAY OF DANE COUNTY 2059 ATWOOD AVENUE MADISON WI 53704 390817532 501(C)(3) 20000 SEE PART IV UNITED WAY OF GREATER TOLEDO 424 JACKSON STREET TOLEDO OH 43604 344427947 501(C)(3) 20000 SEE PART IV UNITED WAY OF MONROE COUNTY 441 SO COLLEGE AVE BLOOMINGTON IN 47403 350985959 501(C)(3) 52319 SEE PART IV UNIVERSITY OF MARYLAND 620 WEST LEXINGTON ST BALTIMORE MD 21201 526002033 501(C)(3) 11963 SEE PART IV URBAN INSTITUTE 2100 M STREET WASHINGTON DC 20037 520880375 501(C)(3) 38750 SEE PART IV URBAN INSTITUTE 2100 M STREET WASHINGTON DC 20037 520880375 501(C)(3) 34600 SEE PART IV 12 2017 KETCHUM PRIZE FOR INVESTOR PROTECTION 1 10000 1219 COST GIFTS/TRAVEL EXPENSE FORM 990, SCHEDULE I, PART II, COLUMN (H) GRANTS AND OTHER ASSISTANCE - PURPOSE OF GRANT OR ASSISTANCE GREEN MOUNTAIN UNITED WAY, MONTPELIER, VT - (03-0261384) FINANCIAL WELLNESS AT WORK PROJECT LEADERS ARE EXPANDING THE WORKING BRIDGES PROGRAM (WHICH USES THE WORKPLACE AS A PLATFORM FOR THE PROVISION OF FINANCIAL STABILITY SERVICES) AND POSITIONING IT FOR A SUSTAINABLE FUTURE BY DEVELOPING AND DEPLOYING MARKETING MATERIALS AND DEVELOPING A PROGRAM EVALUATION PLAN AND DATA COLLECTION TOOLS. IOWA STATE UNIVERSITY, AMES IA - (42-6004224) SMART INVESTING@YOUR LIBRARY IOWA STATE UNIVERSITY EXTENSION IS WORKING IN PARTNERSHIP WITH THE STATE LIBRARY OF IOWA TO BUILD THE FINANCIAL CAPABILITY OF IOWA'S LIBRARIANS AND OTHER PUBLIC EMPLOYEES. THE PROJECT TARGETS PUBLIC EMPLOYEES (INCLUDING PUBLIC LIBRARIANS, SCHOOL LIBRARIANS, TEACHERS, AND MUNICIPAL FINANCE PROFESSIONALS) FOR THEIR OWN BENEFIT AND BECAUSE THEY ARE WELL-POSITIONED TO HELP OTHERS IMPROVE THEIR FINANCIAL SKILLS AND KNOWLEDGE. THE LEARNING ADDRESSES FINANCIAL PLANNING, CREDIT, INSURANCE, SAVING, INVESTING, RETIREMENT AND ESTATE PLANNING. MONTANA STATE UNIVERSITY, BOZEMAN, MT - (81-6010045) THREE-STATE EXPANSION OF THE SOLID FINANCES WEBINAR SERIES MONTANA STATE UNIVERSITY IS LEADING A PROJECT TEAM COMPRISING EXTENSION EDUCATORS AND LIBRARIANS TO EXTEND THE SOLID FINANCES DISTANCE LEARNING PROGRAM INTO IDAHO IN PARTNERSHIP WITH THE UNIVERSITY OF IDAHO, WHILE CONTINUING TO EXPAND DELIVERY IN MONTANA AND THE DAKOTAS THROUGH NEW PARTNERSHIPS AND CHANNELS. NATIONAL DISABILITY INSTITUTE, WASHINGTON, DC - (20-4205838) FINANCIAL CAPABILITY OF ADULTS WITH DISABILITIES USING DATA FROM THE FINRA FOUNDATION'S 2015 NATIONAL FINANCIAL CAPABILITY STUDY, THE NATIONAL DISABILITY INSTITUTE (NDI) IS EXAMINING THE IMPACT OF DISABILITY ON FINANCIAL CAPABILITY. NDI IS ALSO STUDYING HOW FINANCIAL CAPABILITY VARIES BY DISABILITY TYPE AND SOCIOECONOMIC AND DEMOGRAPHIC CHARACTERISTICS. THE FINDINGS WILL PROVIDE INFORMATION CRITICAL FOR DEVELOPING AND IMPLEMENTING FINANCIAL EDUCATION PROGRAMS FOR PEOPLE WITH DISABILITIES. NEW YORK UNIVERSITY, NEW YORK, NY - (13-5562308) TRANSFORMING DISCLOSURE THROUGH ONLINE INTERACTION NEW YORK UNIVERSITY, IN PARTNERSHIP WITH THE UNIVERSITY OF SOUTHERN CALIFORNIA CENTER FOR ECONOMIC AND SOCIAL RESEARCH, IS USING ITS EXPERIMENTAL ONLINE SAVING PLATFORM TO STUDY THE EFFECTS OF INTERACTIVE ONLINE DISCLOSURES ON CONSUMERS' INVESTMENT BEHAVIOR, DISCLOSURE UNDERSTANDING, AND PERCEPTION OF MAKING INFORMED DECISIONS. IN PARTICULAR, RESEARCHERS ARE EXAMINING HOW DIFFERENT INTERACTIVE DISCLOSURES IMPACT CONSUMERS' WILLINGNESS TO INVEST, CHOICE OF FUNDS, UNDERSTANDING OF KEY FEATURES OF INVESTMENT PRODUCTS, AND SUBJECTIVE PERCEPTIONS OF MAKING SOUND INVESTMENT DECISIONS. UNITED WAY OF BARTHOLOMEW COUNTY, COLUMBUS, IN - (35-1132860) FINANCIAL WELLNESS AT WORK UNITED WAY OF BARTHOLOMEW COUNTY IS PILOTING A PROGRAM WITH LOCAL EMPLOYERS TO PROVIDE ONSITE SERVICES FOR WORKERS, INCLUDING FINANCIAL EDUCATION WORKSHIPS. ONE-ON-ONE FINANCIAL COACHING, FREE TAX PREPARATION, AND ACCESS TO AN EMPLOYER-SPONSORED SMALL-DOLLAR LOAN. A LOCAL WORKFORCE DEVELOPMENT PROGRAM IS HELPING PARTICIPANTS TO OVERCOME BARRIERS TO SUSTAINED EMPLOYMENT, INCLUDING RELIABLE TRANSPORTATION AND CHILDCARE. UNITED WAY OF DANE COUNTY, MADISON, WI - (39-0817532) FINANCIAL WELLNESS AT WORK UNITED WAY OF DANE COUNTY IS WORKING IN PARTNERSHIP WITH THE UNIVERSITY OF WISCONSIN EXTENSION TO PROVIDE ONSITE FINANCIAL EDUCATION AND ONE-ON-ONE FINANCIAL COUNSELING IN COOPERATION WITH A GROUP OF EMPLOYERS THAT ARE COLLABORATING ON WAYS TO HELP DISADVANTAGED WORKERS SECURE, MAINTAIN, AND ADVANCE IN EMPLOYMENT OPPORTUNITIES. UNITED WAY SERVICES OF GREATER TOLEDO, TOLEDO, OH - (34-4427947) FINANCIAL WELLNESS AT WORK UNITED WAY OF GREATER TOLEDO IS PILOTING A PROJECT TO LINK COMPANIES PARTICIPATING IN ITS SUCCESSFUL EMPLOYER-SPONSORED SMALL-DOLLAR LOAN PROGRAM WITH ADDITIONAL WORKPLACE FINANCIAL CAPABILITY SERVICES, INCLUDING COMMUNITY REFERRALS, ONE-ON-ONE FINANCIAL COUNSELING, AND FINANCIAL EDUCATION WORKSHOPS. UNITED WAY OF MONROE COUNTY, BLOOMINGTON, IN - (35-0985959) FINANCIAL EDUCATION IN YOUR COMMUNITY IN PARTNERSHIP WITH THE MONROE COUNTY FINANCIAL STABILITY ALLIANCE, UNITED WAY OF MONROE COUNTY IS INTEGRATING FINANCIAL EDUCATION INTO EXISTING PROGRAMS FOR VULNERABLE AND DISCONNECTED TEENS. UNIVERSITY OF MARYLAND SCHOOL OF SOCIAL WORK, BALTIMORE, MD - (52-6002033)PSYCHOLOGICAL WELL-BEING AND FINANCIAL CAPABILITY THE RESEARCH TEAM IS INVESTIGATING THE CORRELATION BETWEEN PSYCHOSOCIAL WELL-BEING AND FINANCIAL CAPABILITY. PSYCHOSOCIAL WELL-BEING IS MEASURED BY RATINGS OF SUBJECTIVE WELL-BEING AND STRESS INDUCED BY MAJOR LIFE EVENTS (SUCH AS LOSS OF A JOB OR DEATH OF A SPOUSE). MEASURES OF FINANCIAL CAPABILITY INCLUDE THE RESPONDENTS' FINANCIAL KNOWLEDGE ALONG WITH FINANCIAL BEHAVIORS AND ATTITUDES (FOR EXAMPLE, THE ABILITY TO MAKE ENDS MEET, PLANNING FOR THE FUTURE, PERCEPTIONS OF INDEBTEDNESS, AND WILLINGNESS TO TAKE FINANCIAL RISK). URBAN INSTITUTE, WASHINGTON, DC - (52-0880375) HEALTH INSURANCE, FINANCIAL KNOWLEDGE, AND THE RISK OF MEDICAL DEBT THE RESERACH TEAM IS USING DATA FROM THE 2012 AND 2015 WAVES OF THE FINRA FOUNDATION'S NATIONAL FINANCIAL CAPABILITY STUDY TO EXPLORE RELATIONSHIPS AMONG FINANCIAL KNOWLEDGE, MEDICAL DEBT, HEALTH INSURANCE, AND REGION. URBAN INSTITUTE, WASHINGTON, DC - (52-0880375) DELINQUENT DEBT DECISIONS AND THEIR CONSEQUENCES OVER TIME RESEARCHERS ARE USING A NATIONALLY REPRESENTATIVE CREDIT BUREAU DATABASE, ALONG WITH THE FINRA FOUNDATION'S NATIONAL FINANCIAL CAPABILITY STUDY STATE-BY-STATE DATA, TO INVESTIGATE WHICH BILLS FAMILIES DECIDE TO STOP PAYING FIRST WHEN IN FINANCIAL DISTRESS, AND WHETHER FAMILIES MAKE DELINQUENT-DEBT DECISIONS THAT CAUSE LESS FINANCIAL HARM OVER TIME. URBAN INSTITUTE IS ALSO STUDYING HOW THESE DELINQUENT-DEBT DECISIONS RELATE TO FAMILIES' CHARACTERISTICS AND WHETHER CONSUMERS WITH BETTER FINANCIAL KNOWLEDGE ARE MORE LIKELY TO MAKE LESS HARMFUL DEFAULT DECISIONS. FORM 990, SCHEDULE I, LINE 2 DESCRIPTION OF ORGANIZATION'S PROCEDURES FOR MONITORING THE USE OF GRANTS FOLLOWING APPROVAL OF A GRANT APPLICATION BY THE BOARD OF DIRECTORS, THE FOUNDATION EXECUTES A GRANT AGREEMENT WITH THE APPLICANT. THIS AGREEMENT SPECIFIES THE TERMS AND CONDITIONS OF THE GRANT, AS WELL AS THE REPORTING AND PAYMENT SCHEDULE. NARRATIVE AND FINANCIAL PROGRESS REPORTS AND ALL DELIVERABLES ARE REVIEWED BY THE FOUNDATION TO ENSURE QUALITY AND COMPLIANCE WITH THE GRANT AGREEMENT. IN ADDITION TO PROGRESS REPORTS, GRANTEES ARE REQUIRED TO COMPLETE A FINAL NARRATIVE AND FINANCIAL REPORT DETAILING PROJECT OUTCOMES AND ACCOUNTING FOR THE USE OF FUNDS. false true false false false false false false false ROBERT W COOK CHAIRMAN 0 981846 0 0 0 26769 0 440985 0 1923 0 1451523 0 0 GERALDINE M WALSH PRESIDENT 0 291454 0 216460 0 36879 0 82742 0 14469 0 642004 0 0 EILEEN M FAMIGLIETTI TREASURER 0 270749 0 137000 0 48560 0 61358 0 42880 0 560547 0 27944 JENNIFER P MITCHELL CORPORATE SECRETARY 0 197877 0 110000 0 6210 0 40748 0 47351 0 402186 0 0 MARCIA E ASQUITH FMR CORPORATE SECRETARY 0 309672 0 355000 0 38742 0 113373 0 24103 0 840890 0 0 RICHARD G KETCHUM FMR CHAIRMAN 937500 3650 941150 SCHEDULE J, PART I, LINES 3 AND 4B SUPPLEMENTAL COMPENSATION INFORMATION THE FOUNDATION DOES NOT HAVE ANY EMPLOYEES. ALL SERVICES ARE PROVIDED BY EMPLOYEES OF FINRA OR ITS SUBSIDIARIES. THE FOUNDATION DOES NOT COMPENSATE THESE EMPLOYEES FOR THEIR SERVICES. LINE 3) COMPENSATION FOR THE CEO/EXECUTIVE DIRECTOR IS ESTABLISHED AT AND PAID BY THE PARENT ORGANIZATION, THE FINANCIAL INDUSTRY REGULATORY AUTHORITY, INC. FOR FURTHER DETAILS REGARDING COMPENSATION OF OFFICERS, PLEASE REFER TO THE 2017 RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX - FORM 990 OF THE FOUNDATION'S PARENT ORGANIZATION, THE FINANCIAL INDUSTRY REGULATORY AUTHORITY, INC. LINE 4B) FINRA'S SUPPLEMENTAL DEFINED CONTRIBUTION PLAN IS A NON-QUALIFIED PLAN THAT IS OPEN TO VICE PRESIDENTS AND ABOVE WITH AN ANNUAL BASE PAY ABOVE THE QUALIFIED LIMIT. IT IS ONLY OPEN TO THOSE NOT PARTICIPATING IN THE CLOSED NON-QUALIFIED DEFINED BENEFIT PLAN. IT IS A FINRA FUNDED PLAN WITH A THREE YEAR VESTING CYCLE WITH ANNUAL VESTING BEGINNING AT AGE 62. PARTICIPANTS IN THE SUPPLEMENTAL NON-QUALIFIED DEFINED CONTRIBUTION PLAN WITH CONTRIBUTIONS VESTING IN 2017 INCLUDE: EILEEN M. FAMIGLIETTI - $46,538 INVESTMENT IN LP 2017-09-30 24307612 FMV 530088710 FINANCIAL INDUSTRY REGULATORY AUTHO 1735 K STREET NW WASHINGTON DC 20006 501(C)(6) false false false false FORM 990, PART I, LINES 4 & 6 SIX OF THE SEVEN MEMBERS OF THE BOARD OF DIRECTORS, ACTIVE ON DECEMBER 31, 2017, ARE CONSIDERED INDEPENDENT VOTING MEMBERS AND SERVE ON A VOLUNTEER BASIS. AS DISCLOSED IN LINES (1) AND (9) OF FORM 990, PART VII, SECTION A, LINE 1A, TWO BOARD MEMBERS RECEIVE COMPENSATION FROM FINRA, THE FOUNDATION'S PARENT. ONE BOARD MEMBER RECEIVES COMPENSATION AS AN OFFICER OF FINRA AND IS NEITHER CONSIDERED INDEPENDENT NOR COUNTED AS A VOLUNTEER. THE OTHER BOARD MEMBER IS COMPENSATED FOR HER WORK AS A MEMBER OF THE BOARD OF FINRA AND IS CONSIDERED INDEPENDENT AND COUNTED AS A VOLUNTEER. THE BOARD OF DIRECTORS IS RESPONSIBLE FOR APPROVING GRANTS AND PROJECTS. FORM 990,PART III, LINE 4 THE FINRA FOUNDATION HELPS AMERICANS BUILD FINANCIAL STABILITY, INVEST FOR LIFE GOALS AND GUARD AGAINST FRAUD. THE FOUNDATION'S RESEARCH-BASED PROGRAMS ADDRESS THE NEEDS OF INVESTORS, MILITARY SERVICE MEMBERS, LOWER-INCOME WORKING AMERICANS AND FAMILIES. MUCH OF THIS WORK IS ACCOMPLISHED IN PARTNERSHIP WITH ORGANIZATIONS THAT SHARE A DEEP COMMITTMENT TO THE FOUNDATION'S MISSION. THE FOUNDATION EMPOWERS ITS PARTNERS TO REACH PEOPLE WHERE THEY LIVE, WORK AND LEARN - AND FOCUSES ON BUILDING CAPACITY AND NURTURING SUPPORTIVE NETWORKS THAT STAND READY AND WELL EQUIPPED TO GUIDE AMERICANS THROUGH LIFE'S FINANCIAL DECISIONS AND CHALLENGES. A SUBSTANTIAL PORTION OF THE FOUNDATION'S PROGRAM SERVICE EXPENSES PROVIDES FINANCIAL SUPPORT TO NOT-FOR-PROFIT ORGANIZATIONS AND ACADEMIC INSTITUTIONS. 4A) PROTECT CONSUMERS FROM FINANCIAL FRAUD THE FOUNDATION EDUCATES AMERICANS ABOUT FINANCIAL FRAUD, HOW TO AVOID AND REPORT IT, AND THE STEPS TO TAKE IF VICTIMIZED. THROUGH RESEARCH, EDUCATION AND OUTREACH, THE FOUNDATION INCREASES FRAUD PREVENTION AND AWARENESS, EMPOWERS CONSUMERS, AND TRAINS LAW ENFORCEMENT TO RECOGNIZE AND TAKE ACTION AGAINST FINANCIAL FRAUD. NOT-FOR-PROFIT ORGANIZATIONS AND ACADEMIC INSTITUTIONS THAT HAVE ENTERED INTO PARTNERSHIP AGREEMENTS WITH THE FOUNDATION AS PART OF ITS INVESTOR PROTECTION CAMPAIGN INCLUDE THE FOLLOWING: AARP FOUNDATION; ALLIANCE FOR RETIRED AMERICANS; COMMONWEALTH (FORMERLY KNOWN AS DOORWAYS TO DREAMS); COUNCIL OF BETTER BUSINESS BUREAUS AND THE BBB INSTITUTE; FIRST NATIONS DEVELOPMENT INSTITUTE; FLORIDA COUNCIL ON AGING; NATIONAL ADULT PROTECTIVE SERVICES ASSOCIATION; NATIONAL CENTER FOR VICTIMS OF CRIME; NATIONAL TELEMARKETING VICTIM CALL CENTER; NATIONAL WHITE COLLAR CRIME CENTER; AND STANFORD UNIVERSITY (THE STANFORD CENTER ON LONGEVITY). 4B) FOSTER SUSTAINABLE FINANCIAL EDUCATION THE FOUNDATION SUPPORTS AND MANAGES PERSONAL FINANCE PROGRAMS, PROFESSIONAL TRAINING, RESEARCH AND SERVICES TO ASSIST A WIDE VARIETY OF AUDIENCES. THESE EFFORTS COMPRISE WORKPLACE AND COMMUNITY-LEVEL INITIATIVES THAT IMPROVE FINANCIAL STABILITY, FINANCIAL PLANNING, AND INVESTING KNOWLEDGE AND DECISION-MAKING. THE FOUNDATION'S FINANCIAL WELLNESS AT WORK PROJECT - ADMINISTERED IN COLLABORATION WITH UNITED WAY WORLDWIDE (UWW) - HELPS NONPROFITS IN THE COMMUNITY PROVIDE WORKPLACE FINANCIAL WELLNESS SERVICES FOR LOWER-INCOME EMPLOYEES. TOGETHER, THE FOUNDATION AND UWW MAINTAIN A NATIONAL NETWORK OF NONPROFIT ORGANIZATIONS THAT HELP EMPLOYERS IN ALL SECTORS OF THE ECONOMY MAKE FINANCIAL WELLNESS A SEAMLESS PART OF THE WORKDAY. THROUGH PROFESSIONAL DEVELOPMENT INSTITUTES, MODEL PROGRAMS AND SERVICES, AND OPPORTUNITIES TO SHARE BEST PRACTICES, THIS GROWING NETWORK IS RETHINKING OUR APPROACH TO FINANCIAL EDUCATION IN WAYS THAT FIT WORKERS' DAILY LIVES AND MAKE SENSE FOR HOW, WHERE AND WHEN PEOPLE MAKE DECISIONS ABOUT MONEY. ADDITIONAL PARTNERS INCLUDE CATHOLIC CHARITIES USA AND THE FILENE RESEARCH INSTITUTE. IN ADDITION, THE FOUNDATION AND THE AMERICAN LIBRARY ASSOCIATION HAVE WORKED TOGETHER SINCE 2007 TO BUILD THE CAPACITY OF PUBLIC LIBRARIES TO HELP PATRONS YOUNG AND ADULT LEARN ABOUT MONEY AND ACHIEVE FINANCIAL GOALS. THIS SUPPORT HAS ENCOMPASSED THE DEVELOPMENT OF MODEL FINANCIAL EDUCATION PROGRAMS AT LIBRARIES, COLLECTION DEVELOPMENT GUIDANCE, THE PROVISION OF JUST-IN-TIME INFORMATION MATERIALS, AND GRANT FUNDING. THE FOUNDATION ALSO HOSTS A FULL PLATFORM OF ONLINE STAFF DEVELOPMENT COURSES CREATED BY AND FOR LIBRARY PROFESSIONALS. 4C) ADVANCE MILITARY FINANCIAL READINESS THE FOUNDATION'S MILITARY FINANCIAL READINESS PROJECT DELIVERS FREE, HIGH-QUALITY, UNBIASED INFORMATION AND TOOLS TO MILITARY SERVICE MEMBERS AND THEIR FAMILIES. THROUGH TRAINING, EDUCATION AND OUTREACH, THE FOUNDATION INCREASES PERSONAL FINANCIAL EXPERTISE AND SERVICES IN MILITARY COMMUNITIES, IMPROVES THE CREDIT MANAGEMENT OF SERVICE MEMBERS AND THEIR SPOUSES, AND PROVIDES OUTREACH SERVICES TO THE MILITARY COMMUNITY. NOT-FOR-PROFIT ORGANIZATIONS THAT HAVE ENTERED INTO PARTNERSHIP AGREEMENTS WITH THE FOUNDATION AS PART OF THIS PROJECT INCLUDE THE FOLLOWING: ASSOCIATION FOR FINANCIAL PLANNING AND COUNSELING EDUCATION; CONSUMER FEDERATION OF AMERICA; AND MILITARY FAMILY ADVISORY NETWORK. 4D) TRACK AND COMMUNICATE FINANCIAL CAPABILITY THE FOUNDATION CONDUCTS THE NATIONAL FINANCIAL CAPABILITY STUDY (NFCS), A LARGE-SCALE, MULTI-YEAR PROJECT THAT ADVANCES COMPREHENSIVE UNDERSTANDING OF THE FINANCIAL CAPABILITY OF ADULTS IN THE UNITED STATES. THE STUDY BENCHMARKS KEY INDICATORS OF FINANCIAL CAPABILITY AND EVALUATES HOW THESE INDICATORS VARY OVER TIME WITH UNDERLYING DEMOGRAPHIC, BEHAVIORAL, ATTITUDINAL AND FINANCIAL LITERACY CHARACTERISTICS. IN ADDITION TO PROVIDING RESEARCH GRANTS AS IDENTIFIED ON SCHEDULE I, THE FOUNDATION INTERPRETS NFCS DATA AND ENABLES RESEARCH TO HELP DECISION-MAKERS AND PRACTITIONERS ADVANCE FINANCIAL WELL-BEING IN COMMUNITIES NATIONWIDE. THE FOUNDATION ALSO PURSUES AN ACTIVE RESEARCH AGENDA FOCUSING ON FINANCIAL FRAUD IN AMERICA, AND IT COLLABORATES ON A VARIETY OF STUDIES TO HELP US UNDERSTAND WHAT WORKS WHEN IT COMES TO FINANCIAL EDUCATION AND PROTECTION. FORM 990, PART VI, LINES 6, 7A AND 7B LINE 6 - THE FINANCIAL INDUSTRY REGULATORY AUTHORITY, INC. (FINRA) IS THE SOLE MEMBER OF THE FOUNDATION. LINE 7A - FINRA, AS SOLE MEMBER, ELECTS ALL MEMBERS OF THE GOVERNING BODY. LINE 7B - THE BYLAWS OF THE CORPORATION MAY BE AMENDED BY THE SOLE MEMBER, FINRA. THE CERTIFICATE OF INCORPORATION OF THE CORPORATION MAY BE AMENDED OR REPEALED IN WHOLE OR IN PART ONLY WITH THE AFFIRMATIVE APPROVAL OF THE MEMBER, FINRA. FORM 990, PART VI, LINE 11B THE FORM 990 WAS REVIEWED BY SENIOR MANAGEMENT AT VARIOUS STEPS THROUGHOUT THE PREPARATION CYCLE. THE FOUNDATION BOARD REVIEWED THE FINAL VERSION ON OCTOBER 3, 2018. FORM 990, PART VI EMPLOYMENT RULES AND POLICIES THE FOUNDATION DOES NOT HAVE ANY EMPLOYEES. ALL SERVICES ARE PROVIDED BY EMPLOYEES OF FINRA. THE FOUNDATION DOES NOT PAY FOR THEIR SERVICES. AS SUCH, THOSE INDIVIDUALS ARE SUBJECT TO THE EMPLOYMENT RULES AND POLICIES OF FINRA. FORM 990, PART VI, LINE 12C THE FINRA INVESTOR EDUCATION FOUNDATION HAS A WRITTEN CONFLICT OF INTEREST POLICY THAT GOVERNS THE PROFESSIONAL AND ETHICAL CONDUCT OF BOARD MEMBERS, OFFICERS AND STAFF. AMONG OTHER THINGS, MEMBERS, OFFICERS, AND STAFF ARE PROHIBITED FROM DERIVING ANY PERSONAL PROFIT OR GAIN, DIRECTLY OR INDIRECTLY, BY REASON OF THEIR SERVICE TO THE FOUNDATION. MOREOVER, THE POLICY EXPRESSLY PROHIBITS SELF-DEALING. THE WRITTEN CONFLICT OF INTEREST POLICY REQUIRES BOARD MEMBERS AND OFFICERS TO MAKE INITIAL DISCLOSURE OF INTERESTS THAT COULD GIVE RISE TO CONFLICTS AS WELL AS ANNUAL DISCLOSURE BY THE SAME BOARD MEMBERS AND OFFICERS. ADDITIONALLY, THE WRITTEN POLICY CONTAINS AN ONGOING OBLIGATION OF BOARD MEMBERS, OFFICERS AND STAFF TO DISCLOSE POTENTIAL CONFLICTS OF INTEREST AS THEY ARISE. THE ORGANIZATION'S OFFICERS AND STAFF ARE EMPLOYEES OF FINRA, AND, AS SUCH, ARE ALSO REQUIRED TO CERTIFY ANNUALLY AS TO THEIR COMPLIANCE WITH FINRA'S WRITTEN CONFLICT OF INTEREST POLICY. FOR FURTHER INFORMATION REGARDING FINRA'S WRITTEN CONFLICT OF INTEREST POLICY, PLEASE REFER TO THE 2017 RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX - FORM 990 FOR THE FOUNDATION'S PARENT ORGANIZATION, THE FINANCIAL INDUSTRY REGULATORY AUTHORITY, INC. FORM 990, PART VI, LINES 15A AND 15B THE FOUNDATION DOES NOT HAVE ANY EMPLOYEES. ALL SERVICES ARE PROVIDED BY EMPLOYEES OF FINRA. THE FOUNDATION DOES NOT COMPENSATE THESE EMPLOYEES OF FINRA FOR THEIR SERVICE. THE PRESIDENT OF THE FOUNDATION SERVES AS THE LEAD OFFICER DIRECTING THE ACTIVITIES OF THE ORGANIZATION. IN DETERMINING SPECIFIC SALARY AND INCENTIVE COMPENSATION LEVELS FOR OFFICERS AND KEY EMPLOYEES OF FINRA, FINRA MANAGEMENT AND THE MANAGEMENT COMPENSATION COMMITTEE (THE "COMMITTEE") OF THE FINRA BOARD OF GOVERNORS CONSIDER: 1) OPERATIONAL RESULTS 2) STRATEGIC INITIATIVES 3) FINANCIAL HEALTH/RESULTS 4) INDIVIDUAL PERFORMANCE 5) COMPETITIVE COMPENSATION LEVELS AS PREPARED BY MERCER, INC., A THIRD-PARTY COMPENSATION CONSULTANT. THE COMMITTEE'S MINUTES OF THE NOVEMBER 21, 2016 AND DECEMBER 14, 2016 MEETINGS WERE REVIEWED AND APPROVED AS ACCURATE AND COMPLETE FOLLOWING THE COMMITTEE'S APPROVAL OF THE SENIOR EXECUTIVE COMPENSATION PACKAGES. THE FULL BOARD, EXCEPT LUIS VICEIRA WERE PRESENT AND APPROVED THE 2016 INCENTIVE COMPENSATION OF THE CEO AT ITS MEETING ON DECEMBER 14, 2016. FOR FURTHER INFORMATION REGARDING THE COMPENSATION OF OFFICERS, PLEASE REFER TO THE 2017 RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX - FORM 990 FOR THE FOUNDATION'S PARENT ORGANIZATION, THE FINANCIAL INDUSTRY REGULATORY AUTHORITY, INC. FORM 990, PART VI, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND AUDITED FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART VII, SECTION B AMERICAN LIBRARY ASSOCIATION - DEVELOPED AND CONDUCTED A COMPREHENSIVE FINANCIAL EDUCATION INITIATIVE SERVING U.S. LIBRARIES. ASSOCIATION FOR FINANCIAL COUNSELING AND PLANNING EDUCATION - DEVELOPED AND MANAGED TRAINING AND CERTIFICATION PROGRAM FOR THE FINRA FOUNDATION MILITARY SPOUSE FELLOWSHIP PROGRAM; CREATED AND DELIVERED CONTENT FOR MILITARY FINANCIAL COUNSELOR CONTINUING EDUCATION PROGRAM. UNITED WAY WORLDWIDE - ADMINISTERED AND MAINTAINED FINANCIAL CAPABILITY INITIATIVES SERVING COMMUNITY-BASED NON-PROFIT ORGANIZATIONS. AARP FOUNDATION - CONDUCTED PROACTIVE PEER COUNSELING TO VULNERABLE CONSUMERS AND VICTIMS OF FINANCIAL FRAUD. NATIONAL CENTER FOR VICTIMS OF CRIME - DESIGNED, DEVELOPED AND IMPLEMENTED PLAN TO HELP ASSIST VICTIMS OF FINANCIAL FRAUD AND COUNSEL THEM ON HOW TO AVOID BECOMING TARGETS IN THE FUTURE. FORM 990, PART XI, LINE 9 OTHER CHANGES IN NET ASSETS OR FUND BALANCES PRIMARILY RELATE TO CONTRIBUTED SERVICES $3,033,121, INVESTMENT EXPENSES $104,779, K-1 INVESTMENT GAINS $2,179,343 AND THE REVERSAL OF GRANT EXPENSES RELATING TO PRIOR PERIODS ($40,534). 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