2017-02-15T12:00:26-06:00 2016-06-30 350921680 CROWE HORWATH LLP 10 West Broad Street Suite 1700 Columbus OH 432153713 990 2015-07-01 316049792 Kappa Kappa Gamma Foundation KAPP 6142286515 530 East Town Street Columbus OH 43215 Beth Burkes Executive Director 2017-02-14 true RAchel Spurlock P00520729 6144690001 2015 2021-01-29 14:40:06Z Beth Burkes 530 East Town Street Columbus OH 43215 10601796 false X www.kappa.org/foundation X 1989 OH The mission of the Kappa Kappa Gamma Foundation is to support the lifetime development of women through the funding of educational programs, financial assistance, and preservation of Kappa heritage. 13 13 0 40 -64043 -64043 3752597 3163172 51897 63245 1393364 312786 0 0 5197858 3539203 1626648 1674450 0 0 521956 673139 150271 79414 955276 1175862 1289847 3474737 3716850 1723121 -177647 44660961 42901219 215952 782610 44445009 42118609 X The mission of the Kappa Kappa Gamma Foundation is to support the lifetime development of women through the funding of educational programs, financial assistance, and preservation of Kappa heritage. false false 902086 805998 SCHOLARSHIPS AND AID TO MEMBERS IN NEED: THE FOUNDATION AWARDS ANNUAL SCHOLARSHIPS TO QUALIFIED RECIPIENTS FOR UNDERGRADUATE AND GRADUATE EDUCATION. KAPPA KAPPA GAMMA FOUNDATION SCHOLARSHIPS ARE BASED ON A COMBINATION OF FACTORS INCLUDING ACADEMIC MERIT, FINANCIAL NEED AND PARTICIPATION AND LEADERSHIP IN KAPPA, CAMPUS AND COMMUNITY ACTIVITIES. THE FOUNDATION PROVIDES CONFIDENTIAL AID TO DESERVING MEMBERS OF ALL AGES WHO SUDDENLY FIND THEMSELVES IN FINANCIAL HARDSHIP DUE TO MISFORTUNE OR ILLNESS. RECIPIENTS MAY BE UNDERGRADUATES OR ALUMNAE, AND AID MAY BE A ONE-TIME GRANT OR ONGOING SUPPORT. 770840 723433 EDUCATIONAL AND LEADERSHIP PROGRAMMING: THE FOUNDATION SUPPORTS THE DEVELOPMENT AND USE OF EDUCATIONAL AND LEADERSHIP PROGRAMS THAT BENEFIT OVER NINETEEN THOUSAND MEMBERS OF KAPPA KAPPA GAMMA FRATERNITY. THROUGH THESE PROGRAMS WE ARE MAKING A LIFETIME INVESTMENT IN THE EDUCATION AND TRAINING OF WOMEN. 294772 MUSEUMS: THE FOUNDATION SUPPORTS THE OPERATION OF THE HERITAGE MUSEUM IN COLUMBUS, OHIO AND THE STEWART HOUSE IN MONMOUTH, ILLINOIS. THESE MUSEUMS DEPICT THE HISTORIC PERIOD OF THE FOUNDERS OF KAPPA KAPPA GAMMA FRATERNITY AND WOMEN OF THE VICTORIAN AGE AND THE FAVORABLE IMPACT THE FRATERNITY EXPERIENCE HAS HAD ON THE LIVES OF WOMEN. 145953 145019 63245 EDUCATIONAL AREA GRANT: GRANTS FUNDS FOR THE EDUCATIONAL AREAS AND FACILITIES OF LOCAL CHAPTER HOUSES. 145953 145019 63245 2113651 true true false false false false false true false true true true false false true true true false false false true false false true false false false true true false false false false false false false false false true false false false false true true true true false true 13 0 true 0 true true false false false false false false false false false X 13 13 false false false false true true false true false false false true true true true true true true false false AR CA CO CT FL GA HI IL KS KY MA MI MN NH NJ NY NC OH OK OR PA RI SC TN UT WA WV WI MO AK LA MS NM DC MD ND VA X HEATHER ROOT 6142286515 530 EAST TOWN STREET Columbus OH 43215 Kay Reid Tennison President 10.0 X X 0 0 0 Pat McInnis Cooper Vice President 10.0 X X 0 0 0 Jean Schmidt Treasurer 10.0 X X 0 0 0 Mary Jane Crist Trustee 10.0 X 0 0 0 Katherine Scholberg Weeks Trustee 10.0 X 0 0 0 Beth Black Trustee 10.0 X 0 0 0 Anna Hiett Pflugh Trustee 10.0 X 0 0 0 Julie Martin Mangis Trustee 10.0 X 0 0 0 Gail Owen Trustee 10.0 X 0 0 0 Nancy Eyermann Foland Trustee 10.0 X 0 0 0 Jill Powell Goldberg Trustee 10.0 X 0 0 0 Susannah Erck Howard Trustee 10.0 X 0 0 0 Tamela Jones Lanier Trustee 10.0 X 0 0 0 Laura Elizabeth Burkes Executive Director/Secretary 40.0 X 0 156495 1767 0 156495 1767 1 false false false Gossling Construction & Seamless Gutters 1965 84th St Monmoth IL 61462 construction and repairs 184985 Silvercrest Asset Management Group LLC 9030 Stony Point Parkway Suite 570 Richmond VA 23235 INVESTMENT CONSULTING 135161 2 4038 3159134 87956 3163172 Rent from Related Party 900099 63245 63245 0 0 0 0 63245 1154379 -64043 1218422 0 0 6221000 7062593 -841593 0 -841593 -841593 0 0 0 0 0 3539203 63245 -64043 376829 868452 868452 805998 805998 156495 28169 31299 97027 407162 72289 82432 252441 27827 4509 6065 17253 36455 6062 7791 22602 45200 8118 9059 28023 8263 1214 6629 420 40224 24134 8045 8045 79414 79414 184077 184077 0 0 0 0 51541 22906 10180 18455 129511 63196 36959 29356 60181 13601 9027 37553 207475 59419 94677 53379 102481 52229 9739 40513 Cost-Based Reimbursement 222113 13489 137923 70701 Development & Public Relations 200094 200094 Museum Mgmt & Maintenance 69866 69866 Bank Fees 14021 14021 0 0 0 0 3716850 2113651 647923 955276 335674 1160907 2483309 1754500 65981 32158 0 0 0 0 0 0 0 0 52189 44763 2936232 1833728 1170845 1102504 27978595 27207538 12059035 10936358 0 515333 662491 44660961 42901219 76992 62626 138960 719984 215952 782610 X 12733509 10722858 13594684 12724751 18116816 18671000 44445009 42118609 44660961 42901219 X -177647 -2136252 -12501 X false true X true false X 2595216 2297259 3522671 3752597 3223172 15390915 0 0 2595216 2297259 3522671 3752597 3223172 15390915 77591 15313324 829567 1113715 1026292 1595994 1154379 5719947 2124 78 2202 3150 1188 1767 1304 0 7409 21120473 0 0.7250 0.6569 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - , COLUMN A - 3150.0, COLUMN B - 1188.0, COLUMN C - 1767.0, COLUMN D - 1304.0, COLUMN E - , COLUMN F - 7409.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X false 20517237 570592 -959732 576594 152965 19398538 20624059 372592 278834 605600 152648 20517237 18390995 132587 2793087 553575 139035 20624059 17142080 251629 1660071 529332 133453 18390995 18125598 311204 -613372 322230 223607 135513 17142080 0.0 0.9625 0.0375 false false 15500 15500 2402357 1451777 950580 420262 381951 38311 98113 98113 1102504 Private Equity Limited Partnerships 1205591 F Real Estate Limited Partnerships 1363251 F Fund of Funds 5271771 F Hedge Funds 3095745 F 10936358 DUE TO KAPPA KAPPA GAMMA FRATERNITY 707361 CHARITABLE GIFT ANNUITIES OBLIGATION 12623 719984 X 1266373 -2136252 60000 -12501 -2088753 3355126 184077 0 184077 3539203 3592773 60000 0 60000 3532773 184077 0 184077 3716850 Schedule D, Part III, Line 1a Collections of art - financial statement footnote The Foundation owns many collectible and historical items which were not capitalized on the financial statements as they were acquired because it was impracticable to determine a value. Schedule D, Part III, Line 4 Collections of art - description of collections The Foundation supports the operation of the Heritage Museum in Columbus, Ohio, and the Stewart House Museum in Monmouth, Illinois. These public museums depict the life and times of women of the Victorian Period and the Founders of Kappa Kappa Gamma Fraternity and feature exhibits from the archives of the Fraternity. The Foundation develops programs such as Tradition of Leadership: Education to Enfranchisement, Curator's Tour of Tradition of Leadership, Archives in a Box, Voyage of Discovery and others available to the public. Schedule D, Part V, Line 4 Intended uses of endowment funds Scholarships, financial aid and leadership academy Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The Foundation is organized as a non-profit corporation and has obtained exemption from Federal Income taxes under Section 501(c)(3) of the U.S. Internal Revenue Code. In addition, the Foundation qualifies for the charitable contribution deduction under Section 170(b)(I)(A) and has been classified as an organization that is not a private foundation under Section 509(a). Guidance issued by the Financial Accounting Standards Board (FASB) requires the Foundation to recognize a tax liability only if it is more-likely-than-not the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax liability that is greater than 50% likely of being realized on examination. For tax positions not meeting the more-likely-than-not test, no tax liability is recorded. The Foundation has examined this issue and has determined there are no material contingent tax liabilities or questionable tax positions. The Foundation does not expect the total amount of uncertain tax positions to significantly change in the next 12 months. The Foundation recognizes interest and/or penalties related to income tax matters in income tax expense. The Foundation did not have any amounts accrued for interest and penalties at June 30, 2016 and 2015. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 CHANGE IN VALUE OF BENEFICIAL INTEREST IN CHARITABLE TRUST - -16409 INCREASE IN CSV OF LIFE INSURANCE - 3908 Central America and the Caribbean 0 0 Investments 8561900 0 0 0 0 0 0 8561900 0 8561900 true false true true true false X X X X X true PENNINGTON & COMPANY 501 GATEWAY DR SUITE A LAWRENCE KS 66049 ASSISTS WITH DONOR CULTIVATION AND FUNDRAISING VISITS, STAFF AND VOLUNTEER TRAINING AND PROVIDES GENERAL FUNDRAISING COUNSEL. false 74138 -74138 ARIA COMMUNICATIONS 717 W ST GERMAIN ST ST CLOUD MN 56301 ASSISTS IN PLANNING, MANAGING, AND CONSULTING WITH RESPECT TO THE CREATION AND IMPLEMENATION OF THE ANNUAL PARENT TELEMARKETING CAMPAIGN. false 82785 18317 64468 GABRIEL GROUP 3190 RIDER TRAIL S EARTH CITY MO 63045 ASSISTS BY PLANNING, MANAGING, AND CONSULTING WITH RESPECT TO THE CREATION AND MAILING OF A SERIES OF DISCRETE DIRECT MAIL CAMPAIGNS DESIGNED TO FURTHER THE ANNUAL LOYALTY FUND. false 673928 95953 577975 756713 188408 568305 AL AK AZ AR CA CO CT DE DC FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY true KAPPA KAPPA GAMMA FRATERNITY 530 E TOWN ST COLUMBUS OH 43215 314221880 501(C)(7) 719433 EDUCATIONAL GRANTS BETA NU HOUSE CORPORATION 55 E 15TH AVE COLUMBUS OH 43201 316034320 501(C)(7) 62642 EDUC. AREAS AND FACILITIES DELTA PSI HOUSE CORPORATION 9 GREEK CIR LUBBOCK TX 794165814 237189490 501(C)(7) 86377 EDUC. AREAS AND FACILITIES 0 3 FINANCIAL AID 57 191024 SCHOLARSHIPS 184 614974 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. Kappa Kappa Gamma Fraternity provides quarterly reports to the Foundation for review of how the funds are being spent. The final report is signed by the Executive Directors of the Fraternity and Foundation for approval. Grant applicants prepare and submit to the Foundation board of trustees a grant application form disclosing the intended use and purposes of a grant. The Foundation board of trustees reviews and votes on the propriety of a grant based upon the information contained on the grant application form. If approved, each grant is governed by procedures set forth in a written grant agreement between the recipient and the foundation. The grant agreement requires: (1) The grant funds to be used exclusively for educational and charitable purposes; (2) The maintenance by the grantee of detailed records relating to the use of the grant funds; (3) The grant recipient allows foundation representatives access to information relevant to its use of the grant fund proceeds; and (4) Provides for the return of grant funds if such funds are not used in the manner specified in the grant agreement. X 28 87956 Cost 0 false true true Schedule M, Part I, Line 32b Third parties used to solicit, process, or sell noncash contributions Investment company receives stock donations and is instructed to sale upon receipt and transfer proceeds to Foundation bank account. Schedule M, Part I Explanations of reporting method for number of contributions Securities - Publicly traded - : There were 28 various contributions of stock during FY16. Form 990, Part III, Line 4d Description of other program services (Expenses $ 145,953 including grants of $ 145,019)(Revenue $ 63,245) EDUCATIONAL AREA GRANT: GRANTS FUNDS FOR THE EDUCATIONAL AREAS AND FACILITIES OF LOCAL CHAPTER HOUSES. Form 990, Part V, Line 2a COMPENSATION ARRANGEMENTS EMPLOYEES ARE PAID BY KAPPA KAPPA GAMMA FRATERNITY (EIN 31-4221880), A RELATED ORGANIZATION OF KAPPA KAPPA GAMMA FOUNDATION. THE FOUNDATION REIMBURSED THE FRATERNITY $736,252 FOR SALARIES AND BENEFITS FOR FISCAL YEAR 2015. THE REIMBURSEMENT WAS BASED UPON THE ACTUAL EXPENSES INCURRED BY THE FRATERNITY AS SUBSTANTIATED TO THE FOUNDATION IN WRITING. THE FRATERNITY FILES ALL REQUIRED FEDERAL EMPLOYMENT TAX RETURNS ON BEHALF OF THE FOUNDATION. Form 990, Part VI, Line 15b Process used to establish compensation for other officers/key employees The organization does not have other officers or key employees. therefore, this question has been answered "no" in accordance with the form 990 instructions. Form 990, Part VI, Line 6 Classes of members or stockholders The members of the corporation shall be the members of the Council of Kappa Kappa Gamma Fraternity, serving from time to time. At the Annual Meeting of the Members of the Corporation, the Members shall elect Trustees from a slate presented to the Members. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body See narrative for Part VI, Line 6. Form 990, Part VI, Line 8b Documentation of meetings held by committees of governing body No committee has the authority to act on behalf of the governing body. Form 990, Part VI, Line 11b Review of form 990 by governing body Upon completion of the tax return by an independent tax preparer, management performs a detailed review of the Form 990. The final Form 990, as filed with the IRS, is then provided to every voting member of the Board of Trustees. The Board of Trustees reviews the Form 990 with the assistance of the independent tax preparer. Form 990, Part VI, Line 12c Conflict of interest policy The Foundation Board of Trustees, Foundation Finance Committee members, Managers and Officers review the conflict of interest policy annually. Each Board member, Finance Committee member, Manager and Officer indicates whether there are any conflicts and these conflicts are reviewed by the Treasurer. Board members abstain from voting on topics where a potential or real conflict of interest exists. Board minutes reflect this action. Form 990, Part VI, Line 15a Process to establish compensation of top management official In fiscal year 2016, the Foundation utilized reports provided by independent consulting group Sinclair Townes, to review the Executive Director's compensation. This included a compensation review with comparability data. The final determination of compensation of the executive director was reviewed and approved by the organization's board of trustees. The deliberations and decisions regarding this compensation arrangement was adequately documented. Form 990, Part VI, Line 19 Required documents available to the public The 990 and Audited Financial Statements are available on the website of Kappa Kappa Gamma Foundation. Other documents are available upon request and after the Board of Trustees have reviewed the request for approval. Form 990, Part XI, Line 9 Other changes in net assets or fund balances CHANGE IN VALUE OF BENEFICIAL INTEREST IN CHARITABLE TRUST - -16409; INCREASE IN CSV OF LIFE INSURANCE - 3908; KAPPA KAPPA GAMMA FRATERNITY 530 E TOWN STREET COLUMBUS OH 43215 314221880 FRATERNITY OH 501(c)(7 NA false CHARITABLE REMAINDER TRUST DBA DRAIS TRUST INVESTMENTS MD NA Trust true true true true true true false false false false false true true true true true true true false false CHARITABLE REMAINDER TRUST DBA DRAIS TRUST A -16408 FMV