2017-03-18T11:02:55-05:00 2016-05-31 390758449 Wipfli LLP 2 West Baltimore Ave Suite 210 Media PA 19063 990 2015-06-01 236000615 MARY LOUISE CURTIS BOK FOUNDATION MARY 2157173134 1726 Locust Street Philadelphia PA 19103 DAVID REINHARDT ASSISTANT TREASURER 2157173134 2017-03-18 1 JOHN J NIHILL CPA P00844252 6105653930 2017-03-17 2015 2021-01-29 14:40:06Z SAMUEL R SHIPLEY 1726 Locust Street Philadelphia PA 19103 22933027 0 X N/A X 1932 PA SUPPORT OF THE CURTIS INSTITUTE OF MUSIC, A TUITION FREE SCHOOL THAT PROVIDES MUSIC EDUCATION TO AN AVERAGE OF 169 STUDENTS ANNUALLY. 9 9 0 9 0 0 0 0 0 0 4131655 4103875 0 0 4131655 4103875 4555095 4617914 0 0 0 0 0 0 0 623720 577294 5178815 5195208 -1047160 -1091333 90588115 81133794 371230 25472 90216885 81108322 SUPPORT OF MUSICAL SCHOOL - THE CURTIS INSTITUTE OF MUSIC, A TUITION FREE SCHOOL OF MUSIC THAT STRIVES TO EDUCATE AND TRAIN EXCEPTIONALLY GIFTED MUSICIANS FOR PERFORMING CAREERS ON THE HIGHEST PROFESSIONAL LEVEL. 0 0 4617914 4617914 0 PROVIDE FINANCIAL SUPPORT FOR TUITION FREE SCHOOL OF MUSIC: THE CURTIS INSTITUTE OF MUSIC, 1726 LOCUST STREET, PHILADELPHIA, PA 19103, 4617914 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 PA X X DAVID REINHARDT 2157173134 1726 LOCUST STREET PHILADELPHIA PA 19103 X SAMUEL R SHIPLEY III PRESIDENT/DIRECTOR 0.50 1.00 X X 0 0 0 VICTORIA BOK VICE PRESIDENT/DIRECTOR 0.50 1.00 X X 0 0 0 BAYARD FIECHTER TREASURER/DIRECTOR 0.50 0.00 X X 0 0 0 JOSEPH M FIELD SECRETARY/DIRECTOR 0.50 1.00 X X 0 0 0 A MARGARET BOK DIRECTOR 0.50 1.00 X 0 0 0 GARY GRAFFMAN DIRECTOR 0.50 0.00 X 0 0 0 JAMES R LEDWITH DIRECTOR 0.50 1.00 X 0 0 0 MILTON L ROCK PHD DIRECTOR 0.50 1.00 X 0 0 0 SCOTT M JENKINS DIRECTOR 0.50 1.00 X 0 0 0 0 0 0 0 0 0 0 0 2277467 2277467 20655560 18829152 1826408 1826408 1826408 4103875 0 0 4103875 4617914 4617914 42000 42000 4527 4527 14751 14751 516016 516016 5195208 4617914 577294 0 5780 66883 18576 18898 85956137 69441075 4607622 11591558 0 15380 90588115 81133794 38829 25472 332401 0 371230 25472 X 90216885 81108322 90216885 81108322 90588115 81133794 -1091333 -8017230 0 X 0 1 X 1 0 X X 1 CURTIS INSTITUTE OF MUSIC 231585611 2 1 4617914 0 1 4617914 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 2221114 2277467 2221114 2277467 0 0 626133 570937 0 0 1594981 1706530 91543014 84786737 35773 179977 0 0 91578787 84966714 0 0 0 91578787 84966714 1373682 1274501 90205105 83692213 3157179 2929227 0 0 3157179 2929227 1594981 1355734 3157179 3157179 0 3157179 4617914 0 0 0 0 0 4617914 4617914 3157179 100.000000000000 3157179 0 0 1493710 1493710 0 1493710 0 4617914 0 1663469 2954445 0 0 2954445 0 0 2954445 PART IV SECTION D LINE 3 The Bok Foundation presently has nine directors. Two of the directors are also directors of Curtis. In addition, Bok Foundation board members are active members of important Curtis committees (finance, investment, facilities, and governance) that make operational decisions for Curtis. There is a close working relationship between the officers and directors of both organizations and because of this close working relationship with the officers and directors of Curtis, and by reason of this relationship the officers and directors of Curtis have a significant voice in Curtis' investment policies, the timing of grants, the manner of making the selection of grant recipients, and in otherwise directing the use of the Bok Foundation's income or assets. 128727907 13843929 -4475823 0 6047140 0 132048873 122669065 6239500 5407128 0 5587786 0 128727907 108797008 6035970 13135655 0 5299568 0 122669065 90928866 8038336 14866431 0 5036625 0 108797008 89917874 9259467 -3792323 0 4456152 0 90928866 0.35000 0.58000 0.07000 0 1 1 0 VANGUARD INSTL INDEX 7246637 F DFA US SMALL CAP 4344921 F 11591558 X -3913355 -8017230 -8017230 4103875 0 4103875 5195208 0 5195208 0 5195208 Part V, Line 4: ENDOWMENT FUNDS ARE USED TO PROVIDE OPERATING AND CAPITAL FUNDING TO THE CURTIS INSTITUTE OF MUSIC. Part X, Line 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. TAX FILINGS FOR FISCAL 2013, 2014 AND 2015 ARE SUBJECT TO EXAMINATION, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. 1 CURTIS INTITUTE OF MUSIC 1726 LOCUST STREET PHILADELPHIA PA 19103 231585611 501(C)(3) 4617914 OPERATING GRANT 1 0 Part I, Line 2: The Foundation makes a grant to support the ongoing operations of the Curtis Institute of Music, a tuition-free school of music that stirves to educate and train exceptionally gifted musicians for performing careers at the highest professional level. Monitoring of the use of these funds are done by Foundation board members participating in the Curtis's committees that are charged with the approval and oversight for the creation of the operating budget as well as ongoing monitoring throughout the fiscal year. Form 990, Part VI, Section B, line 11 Prior to its filing, the 990 is reviewed by the Audit Committee with management. Once approved, the 990 is then posted to a private online portal for Trustees, and a notification is sent out for their review. Form 990, Part VI, Section B, line 12c The organization monitors and enforces compliance by following these procedures: (1) All interested persons has a duty to file a Conflict of Interest Statement and Disclosure when commencing service and on an annual basis thereafter, or more frequently if a change in any new activities or relationships occurs. (2) Should a conflict or potential conflict arise, the interested person presents this potential conflict of interest to the Chair of the Board of Trustees and shall abstain from discussions related to transactions or arrangements that involve, or may involve, the actual or potential conflict until a determination can be made by the Board Chair, or if needed the appropriate committee as determined by the Chair or by the Board, regarding whether he or she has a conflict of interest. (3) The Governance Committee determines whether there is a conflict of interest, and reports to the Board of Trustees if one exists. (4) The minutes of the Board (or other corporate records, as appropriate) shall record the names of the persons who were found to have an actual or potential conflict of interest, the nature of the conflict, the nature of the follow-up, and the decision as to whether a conflict of interest in fact existed, and whether that conflict involves a permissible or impermissible transaction or arrangement. Form 990, Part VI, Section C, line 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS OF THE FOUNDATION ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. CURTIS INSTITUTE OF MUSIC 1726 LOCUST STREET PHILADELPHIA PA 19103 231585611 MUSIC SCHOOL PA 501(C)(3) Line 2 N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 CURTIS INSTITUTE OF MUSIC B 4617914 CASH