2018-07-12T15:44:44-05:00 2017-09-30 271728945 PKF O'Connor Davies LLP 665 Fifth Avenue New York NY 10022 990 2016-10-01 263660127 Tory Burch Foundation Inc TORY 6467236689 11 West 19th Street 7th fl New York NY 10011 Robert Isen Chair/Treasurer 6467236689 2018-07-12 1 Garrett M Higgins P00543209 2122862600 2018-07-12 2016 2022-09-23 18:48:47Z Laurie Fabiano 11 West 19th Street 7th fl New York NY 10011 1282907 0 X www.toryburchfoundation.org X 2008 DE Non-profit 501(c)(3) organization that empowers women entrepreneurs by providing access to capital, education and digital resources. 8 8 0 100 0 0 1130291 1240743 0 0 32131 42164 0 0 1162422 1282907 100000 150000 0 0 0 0 0 0 34135 377221 555968 477221 705968 685201 576939 5897026 6549335 159041 221394 5737985 6327941 X Tory Burch Foundation, Inc. (TBF) is a not-for-profit corporation formed in October 2008 to empower women entrepreneurs by providing access to capital, education and digital resources. Women entrepreneurs face significant barriers to accessing capital and growing their businesses. TBF's programs help to level the playing field for women entrepreneurs. 0 0 611339 150000 The Tory Burch Foundation empowers women entrepreneurs by providing access to capital, education and digital resources. Women entrepreneurs face significant barriers to accessing capital and growing their businesses. Our programs help to level the playing field for women entrepreneurs. The Tory Burch Foundation website is a digital resource hub with rich content for all women entrepreneurs. There are scores of original articles addressing finance, marketing, operations and more; interviews with successful business people; and tools, such as a business plan builder. [See continuation on Schedule o]The Tory Burch Foundation Capital Program, powered by Bank of America provides access to affordable loans through local Community Development Financial Institutions (CDFIs) for early-stage women entrepreneurs across the United States. 611339 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 13 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 1 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 NY X X X Flynn Family Office 2122023230 139 West 50th Street 19th Floor New York NY 10020 X X Tory Burch President 3.00 X X 0 0 0 Robert Isen Chair and Treasurer 3.00 X X 0 0 0 James Robinson Secretary 2.00 X X 0 0 0 Hayley Boesky Board Member 2.00 X 0 0 0 Susan Duffy board Member 1.00 X 0 0 0 Yasmin Green board Member 1.00 X 0 0 0 Jay Hass board Member Through July 2017 1.00 X 0 0 0 tracey Kozmetsky board Member 1.00 X 0 0 0 Dina Powell board Member Through Jan. 2017 1.00 X 0 0 0 Jamie Tisch board Member 1.00 X 0 0 0 Laurie Fabiano EXECUTIVE DIRECTOR 40.00 X 0 0 0 0 0 0 0 0 0 0 0 1240743 1240743 42164 42164 1282907 0 0 42164 50000 50000 100000 100000 11475 11475 83299 17533 48233 17533 67808 67808 6563 5957 606 16149 16149 7489 7489 8084 8084 Public Relation-Embrace 288514 288514 Mentoring/Edu. Events 66407 49805 16602 Other Direct Operating 180 180 705968 611339 60494 34135 411011 858327 5195478 5483765 277560 192796 10000 10000 2977 4447 5897026 6549335 9159 30016 82820 124316 67062 67062 159041 221394 X 5737985 6327941 5737985 6327941 5897026 6549335 576939 13017 0 X X 0 1 X 1 0 X 2665516 1419709 2387940 1130291 1240743 8844199 2665516 1419709 2387940 1130291 1240743 8844199 6275524 2568675 4003 3169 11730 32131 42164 93197 8937396 0.28740 0.29100 X In accordance with Treasury Regulation Section 1.170A-9(f)(3), the Tory Burch Foundation is publicly supported because it normally receives a substantial part of its support from governmental units, from contributions made directly or indirectly by the general public, or from a combination of these sources, that is, its public support exceeds 10% of its total support, and it meets the other requirements of paragraph (f)(3). The Foundation also maintains a continuous and bona fide program for solicitation of funds from the general public.1. Percentage of SupportThe Tory Burch Foundation's public support percentage is 23.26%, well above the 10% required to qualify as a publicly supported organization. 2. Sources of SupportThe Foundation received donations from more than 5,000 different donors over the five-year measurement period. The Foundation relies on contributions, and not endowment funds, to support its mission. In general, these donors were not related to each other.3. Representative Governing BodyThe Tory Burch Foundation's governing body - its Board of Directors - represents the broad interests of the public rather than the personal or private interests of a limited number of donors. Board members include CEOs, lawyers, philanthropists, civic volunteers, and business leaders across a wide variety of industries including banking, education, venture capital, not-for-profit foundations, marketing, and fashion. The Foundation's Board thereby embodies and espouses an extensive cross-section of the views and interests of the community. In addition, Board members have specialized knowledge and expertise in the field of women's entrepreneurship, and are aptly positioned to govern an organization that focuses on the empowerment of women entrepreneurs through access to capital, entrepreneurial education, and mentoring and networking opportunities. For example, various Board members are themselves entrepreneurs, leaders in business and finance, and/or hold positions with other organizations that align with the tenets of the Foundation, resulting in a deep expertise in the field of women's entrepreneurship. Board members are represented in organizations such as the Trustees Council of Penn Women, the Center for Women's Entrepreneurial Leadership at Babson College, the International Council for Small Business, and the Center for Women's Business Research, among many others.Abbreviated Board member biographies follow below:Tory BurchTory Burch is the CEO and Chief Creative Officer of Tory Burch LLC, an American lifestyle brand. The collection includes ready-to-wear, shoes, handbags, accessories, home and fragrance.Tory launched the company in 2004 with a boutique on Elizabeth Street in Manhattan and an ecommerce site. The brand's classic and bohemian aesthetic resonated from the beginning, and has grown into a global business with more than 200 stores around the world. In 2015, she launched Tory Sport, a performance active wear collection inspired by the grace and strength of athletes. Social responsibility is an integral part of the company. In 2009, Tory launched the Tory Burch Foundation to empower women entrepreneurs by providing access to capital, education and resources, as well as a Fellowship program. A dedicated philanthropist, she serves on several boards including the Society of Memorial Sloan-Kettering Cancer Center, the Breast Cancer Research Foundation, the Barnes Foundation and the Jay H. Baker Retailing Center at the University of Pennsylvania's Wharton School. She is also a member of the Council on Foreign Relations.Tory has been recognized with numerous awards and honors, including the CFDA Accessories Designer of the Year, Forbes's Most Powerful Women in the World and the BCRF's Sandra Taub Humanitarian Award. Her first book, Tory Burch In Color, was a New York Times Best Seller.Hayley BoeskyHayley Boesky is Managing Director and Vice Chairman of Global Corporate and Investment Bank at Bank of America Merrill Lynch. In this role, she collaborates across all enterprise lines of business to deepen partnerships with the firm's highest priority clients. She also serves as a liaison with the global policymaking community, fostering connectivity in areas at the forefront of market and regulatory developments. From 2007 to 2010, Hayley was Vice President and Director of Market Analysis at the Federal Reserve Bank of New York. Prior to joining the Federal Reserve in 2007, Hayley was Director of Relative Value and Derivative Trading at Moore Capital Management. Hayley began her career in 1994 at Goldman, Sachs & Co., where she spent more than nine years in fixed income strategy, including as Chief U.S. Rates Strategist. She holds a Doctorate in Astrophysics from Columbia University. In addition to her PhD, she also earned a Master's Degree in Science and a Master's Degree in Philosophy from Columbia University, and she served on the Board of the Graduate School of Arts and Sciences from 2000 to 2003. She studied mathematics, astrophysics and French as an undergraduate at the University of Pennsylvania. Hayley sits on the IMF's Financial Institutions Consultative Group and the FRBNY's Financial Advisory Roundtable, which advises the IMF and the Federal Reserve Bank of New York respectively on market developments and financial stability issues. She also serves on the Board of Overseers for the University of Pennsylvania School of Arts & Sciences. She is on the Trustees Council on Penn Women at the University of Pennsylvania, and is a member of the Penn Arts & Sciences Women in Business Alliance, providing education advocacy and mentor ship. Hayley is also a member of the Council on Foreign Relations.Susan DuffyDr. Susan Duffy is the Executive Director of the Babson College Center for Women's Entrepreneurial Leadership (CWEL), a co-founder of the Women Innovating Now (WIN) Lab venture accelerator, and an inspired educator and advocate for gender equity as a driver of social and economic growth. Throughout her career Susan has recreated what is possible for the organizations she leads across diverse sectors including construction; food, nutrition and health; and education. She earned her Ph.D. from The George Washington University and in 2016 was inducted into the prestigious Wilford White Fellows of the International Council for Small Business. Susan has been recognized globally as an award winning entrepreneurial educator, is an investor and advisor to several early stage companies, and serves on the boards of the Walmart Foundation International Advisory Council, the International Council for Small Business Women's Committee, and Babson Women in Technology.Yasmin GreenYasmin is the Head of Research and Development for Jigsaw, a technology incubator within Alphabet Inc. focused on solving global security challenges through technology. She oversees the team's research as well as its work on counter-radicalization and online hate, harassment and intimidation. Yasmin was previously Head of Strategy and Operations for Google Ideas, now Jigsaw. Prior to joining Google, Yasmin consulted for Booz Allen Hamilton. She is a Senior Advisor on Innovation to Oxford Analytica, a member of the Aspen Cyber Strategy Group, and until 2015 co-chaired the European Commission's' Working Group on Online Radicalization. In 2017, Yasmin was named as one of Fortune's "40 Under 40" most influential young leaders, and in 2016 was listed by Fast Company as one of the "Most Creative People in Business."Robert IsenRobert is Chief Legal Officer & President of Corporate Development. He joined the Company in September 2008. Prior to joining Tory Burch, Robert was an entrepreneur/founder, key operating executive, and advisor with various companies; including Bemis Company, Continuum and Viapack. He launched his career as a corporate attorney in Washington, DC and Philadelphia, PA before moving on to Paramount Packaging Corporation (a Philadelphia-based global packaging company) as General Counsel and Executive Vice President. Robert received his Bachelor of Arts in Psychology from Duke University before graduating from Boston University School of Law. He is a member of Young Presidents Organization/WPO and serves on the board of Tory Burch, LLC and Tabitha Simmons. Tracey Kozmetsky Tracey holds a B.A. from Texas Christian University and began her professional career at Women's Wear Daily and LOreal Professionnel. In 1999, she started her own public relations firm, Engelking Kozmetsky Communications, LLC. Tracey has been involved with the RGK Foundation for 19 years. She is the 2015 Board Chair for the Dallas Children's Advocacy Center and serves on the Board of Directors of Dallas Children's Medical Center. She is also a member of the Crystal Charity Ball. Among numerous awards, she received the North Star Award ranking her among the top ten civic volunteers in Dallas. James Robinson Jamie is Founder and CEO of TAPP Technologies, a beverage analytics and engagement company. Launching his career as a certified NFL agent, Jamie has negotiated sports and entertainment merchandising, licensing and sponsorship agreements totaling in excess of $500 million. He has also created marketing campaigns on behalf of a number of the nation's leading brands including Hallmark Cards, GAP, McDonald's, Coca-Cola, Rawlings Sporting Goods and Dunkin' Donuts. Jamie is also a board member of the Marks Colorectal Surgical Foundation and Ashley's Angels. He is a graduate of Georgetown University. James is the brother of Tory Burch. Jamie Tisch Jamie is an entrepreneur and philanthropist. In 2008, she co-founded Fashionology LA, a children's clothing store in Los Angeles. In 2003, she co-founded the Entertainment Industry's Women's Cancer Research Fund. The Women's Cancer Research Fund was created to support innovative research, education and outreach directed toward the early diagnosis, treatment and prevention of all women's cancers. 4. Availability of Public Facilities or Services; Public Participation in Program or Policies: The Tory Burch Foundation runs nation-wide public programs empowering women entrepreneurs. The programs and initiatives are as follows: Access to Affordable Capital Program The Tory Burch Foundation Capital Program powered by Bank of America provides women entrepreneurs in the United States the opportunity to access affordable loans through Community Development Financial Institutions (CDFIs). (The program was originally known as "Elizabeth Street Capital".) The loans are made to women entrepreneurs operating early stage ventures in all industries. Education In partnership with Goldman Sachs 10,000 Small Businesses and Babson College, the Tory Burch Foundation provides specialized, practical business education for women entrepreneurs. The curriculum is designed to provide entrepreneurs with tools and support to practice negotiation skills, financial, marketing and employee management. During three-month courses, students attend classes and receive weekly one-on-one business advising to develop a strategic and tailored plan for business growth. The Goldman Sachs 10,000 Small Businesses program exists on the ground in 13 regions and also provides a national program that includes online and in-person sessions. Fellows Program The Tory Burch Foundation Fellows Program is a national program for women entrepreneurs. Women entrepreneurs, from across the United States, submit applications online. Ten entrepreneurs are selected annually. Each Fellow receives a grant for business education, participates in educational workshops taught by industry experts over three days hosted by the Foundation in New York, and is provided with mentoring and guidance during the one-year program. Networking and Mentoring Events The Foundation also hosts mentoring events for women entrepreneurs to provide information and inspiration and to create peer networks. Through "Women Rule", a partnership with POLITICO and Google, the Foundation has held a series of events exploring how women are leading change in politics, policy and their communities. #EmbraceAmbition The Foundation's initiative #EmbraceAmbition launched in March 2017, encourages women everywhere to own their power, their drive, their dreams, and to overcome stereotypes about women and ambition. Digital The Tory Burch Foundation website is a digital resource hub with rich and regular content for entrepreneurs. There are scores of original articles addressing finance, marketing, operations and more; interviews with successful business people; and tools, such as a business plan builder. There is also a donation portal for the public www.toryburchfoundation.org. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 2810316 13017 1514392 1527409 1282907 0 1282907 2220360 1514392 1514392 705968 0 705968 Part X, Line 2: TBF recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Management has determined that TBF had no uncertain tax positions that would require financial statement recognition or disclosure. TBF is no longer subject to examinations by the applicable taxing jurisdictions for periods prior to September 30, 2014. 1 PeopleFund 2921 E 17th St Bldg D No 1 Austin TX 78702 742814572 501(c)(3) 50000 to help 44 women entrepreneurs who were affected by hurricane Harvey 1 0 Fellows Grants 10 100000 Part I, Line 2: The Tory Burch Foundation Fellows Program is a national program for women entrepreneurs. Women entrepreneurs, from across the United States, submit applications through an online portal. Applicants go through a rigorous review process. Fellows selection is based on a variety of factors, including: Personal Statement and Resume The Business Plan Social Responsibility Proposed Use of Education Grant Screening Interview Online Voting Grant recipients request approval from Foundation staff prior to using their educational grant funding and meet or correspond with Foundation staff to discuss their progress towards business and educational goals monthly, during the one-year Fellowship, and at least on an annual basis thereafter. Foundation staff regularly monitor grant usage through an online portal that captures all transactions. For grant and assistance to domestic organization, Tory Burch Foundation receives report from domestic organization on how the grant/assistance was being used to ensure that the grant/assistance was being used for its intended purpose. Form 990, Part VI, Section A, line 2 Tory Burch (President), Robert Isen (Chair and Treasurer), and James Robinson (Secretary) have a family relationship. Tory Burch (President) and Robert Isen (Chair and Treasurer) have a business relationship. Form 990, Part VI, Section B, line 11b Tory Burch Foundation has its Form 990 prepared by an outside accounting firm and has established the following review process to ensure that the information reported is complete and accurate. When the form 990 has been prepared, reviewed by management, and is ready to be filed with the Internal Revenue Service, it is electronically transmitted to the Board of Directors for review prior to submission to the IRS. Form 990, Part VI, Section B, line 12 Tory Burch Foundation has in place a conflict of interest policy and is taking steps to implement an annual practice on monitoring proposed or ongoing transactions for conflict of interest and dealing with potential or actual conflicts. Form 990, Part VI, Section C, line 19 The organization makes its Form 990 available for public inspection as required under Section 6104 of the Internal Revenue code. The return is posted on the organization's website, guidestar.org and other similar types of websites. In addition, the Financial Statements, Conflict of Interest Policy, Form 990, Form 1023, and By-laws are also available upon written request at 11 West 19th Street, 7th Floor, New York, NY 10011. Form 990, Part VI, Section B, Line 13-14: For the tax year ended 9/30/2017, the Foundation does not have a written whistleblower policy or a written document retention and destruction policy. However, the Foundation is in the process of adopting a written whistleblower policy and a written document retention and destruction policy. Form 990, Part VII, Section A: THE EXECUTIVE DIRECTOR OF TORY BURCH FOUNDATION, INC. IS EMPLOYED BY TORY BURCH LLC. HER TIME IS DONATED BY TORY BURCH LLC. Form 990, Part XII, Line 2c: the process for selecting an independent accountant and establishing a committee that assumes responsibility for oversight of the audit has not changed from prior years.