2015-05-14T12:01:28-05:00 2014-06-30 CROWE HORWATH LLP 10 WEST BROAD STREET SUITE 1700 COLUMBUS OH 432153713 990 2013-07-01 316049792 KAPPA KAPPA GAMMA FOUNDATION KAPP 6142286515 530 East Town Street Columbus OH 43215 BETH BURKES EXECUTIVE DIRECTOR 2015-05-14 true RAchel Spurlock P00520729 6144690001 2013 2016-02-25 16:41:14Z BETH BURKES 530 E Town St Columbus OH 43215 38384092 false X WWW.KAPPA.ORG/FOUNDATION X 1989 OH THE MISSION OF THE KAPPA KAPPA GAMMA FOUNDATION IS TO ENHANCE THE LIVES OF KAPPA WOMEN, AND THEREFORE THEIR COMMUNITIES, BY PROVIDING FUNDS FOR EDUCATIONAL PROGRAMS, SCHOLARSHIPS, FINANCIAL AID, AND THE PRESERVATION OF KAPPA HERITAGE WITHIN THE CONTEXT OF WOMEN'S HISTORY. WE CELEBRATE THE HISTORY OF WOMEN AND THEIR EVOLVING ROLE THROUGH OUR MUSEUMS. 13 12 8 50 -16283 -16307 2297259 3522671 53520 52268 2092250 3775418 -20273 -8368 4422756 7341989 1020305 3069908 0 0 412469 421010 0 0 734108 1107547 1262806 2540321 4753724 1882435 2588265 38844192 43818963 216332 516880 38627860 43302083 THE MISSION OF THE KAPPA KAPPA GAMMA FOUNDATION IS TO ENHANCE THE LIVES OF KAPPA WOMEN, AND THEREFORE THEIR COMMUNITIES, BY PROVIDING FUNDS FOR EDUCATIONAL PROGRAMS, SCHOLARSHIPS, FINANCIAL AID, AND THE PRESERVATION OF KAPPA HERITAGE WITHIN THE CONTEXT OF WOMEN'S HISTORY. WE CELEBRATE THE HISTORY OF WOMEN AND THEIR EVOLVING ROLE THROUGH OUR MUSEUMS. false false 2349320 2307433 50593 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. 845301 762475 SCHOLARSHIPS AND AID TO MEMBERS IN NEED: THE FOUNDATION AWARDS ANNUAL SCHOLARSHIPS TO QUALIFIED RECIPIENTS FOR UNDERGRADUATE AND GRADUATE EDUCATION. SCHOLARSHIPS ARE BASED ON SCHOLASTIC ACHIEVEMENT, FINANCIAL NEED AND PARTICIPATION IN ACTIVITIES OF KAPPA KAPPA GAMMA FRATERNITY. 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. 323895 1675 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. 3518516 true true false false false false true false true true true false false true true true false false false true false false false false false false true true false false false false false true false false false true false false false false true true true true false true X 3 0 true 8 true true true false false false false false false false false false X 13 12 false false true false true true false true false false false true true true true true true true false false AL AR CA CO CT FL GA HI IL KS KY ME MA MI MN MS MO NH NJ NM NY NC OH OK OR PA RI SC TN UT VA WV WI X X HEATHER ROOT 6142286515 530 EAST TOWN STREET Columbus OH 43215 KAY REID TENNISON PRESIDENT 10.00 X X 0 0 0 NANCY EYERMANN FOLAND TREASURER 10.00 X X 0 0 0 PAT MCINNIS COOPER VICE PRESIDENT 10.00 X X 0 0 0 ANNA HIETT PFLUGH TRUSTEE 10.00 X 0 0 0 BETH BLACK TRUSTEE 10.00 X 0 0 0 ELIZABETH BAILEY TRUSTEE 10.00 X 0 0 0 JEAN SCHMIDT TRUSTEE 10.00 X 0 0 0 JULIE MARINE LESHAY TRUSTEE 10.00 X 0 0 0 JULIE MARTIN MANGIS TRUSTEE 10.00 X 0 0 0 KATHERINE SCHOLBERG WEEKS TRUSTEE 10.00 X 0 0 0 KELLY COX BILEK TRUSTEE 10.00 X 0 0 0 LORI MILTENBERGER TRUSTEE 10.00 X 0 0 0 MARY JANE CRIST TRUSTEE 10.00 X 0 0 0 ANN STAFFORD TRUESDELL EXECUTIVE DIRECTOR/SECRETARY (END NOV 2013) 40.00 X 78420 0 5882 LAURA ELIZABETH BURKES EXECUTIVE DIRECTOR/SECRETARY (BEGIN NOV 2013) 40.00 X 14903 0 24063 93323 0 29945 0 false false false 0 10749 3511922 196357 3522671 RENT FROM RELATED PARTY 900099 50593 50593 MUSEUM 900099 1675 1675 0 0 0 0 0 0 0 52268 1026292 -16283 1042575 0 0 7420 15880 -8460 0 -8460 -8460 33775349 31026223 2749126 0 2749126 2749126 0 0 0 MISCELLANEOUS INCOME 900099 92 92 0 0 0 0 0 0 92 7341989 52268 -16283 3783333 2307433 2307433 762475 762475 0 0 114505 29771 24046 60688 0 244662 63612 51379 129671 15286 3974 3210 8102 17270 4490 3627 9153 29287 7673 6680 14934 0 10296 3196 6358 742 26901 26901 0 0 127167 127167 0 0 0 0 0 266984 145504 57462 64018 0 0 54887 12681 1640 40566 0 0 131997 42228 53978 35791 8570 8570 0 113500 46135 6974 60391 0 COST-BASED REIMBURSEMENT 226957 14630 123108 89219 DEVELOPMENT & PUBLIC RELATIONS 220833 220833 MUSEUM MGMT & MAINTENANCE 74714 74714 0 0 0 0 4753724 3518516 501100 734108 0 277288 276436 1295631 2310572 216529 76628 5956 0 0 0 0 0 3838 4239 2613412 1621593 1004320 991819 27424121 29146341 8059666 10526297 0 0 556843 486631 38844192 43818963 47998 133430 0 0 168334 383450 216332 516880 X 10811476 12535380 10208336 13007288 17608048 17759415 38627860 43302083 38844192 43818963 X 2588265 2066720 19238 X false true X true false X 2247936 2971433 2595216 2297259 3522671 13634515 0 0 2247936 2971433 2595216 2297259 3522671 13634515 2254606 11379909 721348 868344 829567 1113715 1026292 4559266 -351 228 2124 78 2079 684 503 3150 1188 1767 7292 18203152 0 0.62520 0.43800 X Schedule A, Part II, Line 10, Other Income DESCRIPTION - , COLUMN A - 684, COLUMN B - 503, COLUMN C - 3150, COLUMN D - 1188, COLUMN E - 1767, COLUMN F - 7292; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X false 18390995 132587 2793087 553575 139035 20624059 17142080 251629 1660071 529332 133453 18390995 18125598 311204 -613372 322230 223607 135513 17142080 15892327 240183 2642101 521651 127362 18125598 13893632 1057449 1548198 524276 82676 15892327 0.00910 0.86110 0.12980 false false 15500 15500 2146081 1274595 871486 0 451831 346998 104833 0 991819 0 0 PRIVATE EQUITY LIMITED PARTNERSHIPS 318221 F REAL ESTATE LIMITED PARTNERSHIPS 1325460 F FUND OF FUNDS 8882616 F 10526297 0 DUE TO KAPPA KAPPA GAMMA FRATERNITY 356670 CHARITABLE GIFT ANNUITIES OBLIGATION 26780 383450 X 9316660 2066720 35118 2101838 7214822 127167 0 127167 7341989 4642437 15880 15880 4626557 127167 0 127167 4753724 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 IS IMPRACTICABLE TO DETERMINE A VALUE FOR COLLECTIONS. 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 IS GENERALLY NO LONGER SUBJECT TO EXAMINATION BY TAXING AUTHORITIES FOR YEARS BEFORE 2011. THE FOUNDATION DOES NOT EXPECT THE TOTAL AMOUNT OF UNRECOGNIZED TAX LIABILITIES 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, 2014 AND 2013. Schedule D, Part XI, Line 2d, Other revenues in audited financial statements not in form 990 CHANGE IN VALUE OF BENEFICIAL INTEREST IN CHARITABLE TRUST - 18780; INCREASE IN CSV OF LIFE INSURANCE - 458; RENTAL EXPENSES - 15880; Schedule D, Part XII, Line 2d, Other expenses in audited financial statements not in form 990 RENTAL EXPENSES - 15880; false CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 7523000 0 0 7523000 true false true true true false true KAPPA KAPPA GAMMA FRATERNITY 530 E TOWN ST COLUMBUS OH 43215 314221880 501(C)(7) 382713 EDUCATIONAL GRANTS BETA MU BUILDING AND ALUMNAE ASSOCIATION 1134 UNIVERSITY AVENUE BOULDER CO 80302 846030635 501(C)(7) 35763 EDUCATIONAL AREAS AND FACILITIES GAMMA NU HOUSE CORPORATION 800 W MAPLE ST FAYETTEVILLE AR 72701 237332073 501(C)(7) 1622780 EDUCATIONAL AREAS AND FACILITIES BETA NU HOUSE CORPORATION 55 E 15TH AVE COLUMBUS OH 43201 316034320 501(C)(7) 266177 EDUCATIONAL AREAS AND FACILITIES 0 4 FINANCIAL AID 66 229328 0 N/A N/A SCHOLARSHIPS 158 533147 0 N/A N/A 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. BETH BLACK BOARD MEMBER 1000 CASH DISASTER RELIEF X 7 196357 MARKET VALUE 0 false true false Schedule M, Part I, Explanations of reporting method for number of contributions SECURITIES - PUBLICLY TRADED: NUMBER OF CONTRIBUTIONS Schedule M, part I, column (b), Line 9, Number of contributions or items contributed. NUMBER OF CONTRIBUTIONS 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 $638,991 FOR SALARIES AND BENEFITS FOR FISCAL YEAR 2014. 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, Sec A, Line 4, Significant changes to organizational documents THE KAPPA KAPPA GAMMA FOUNDATION UPDATED THE CODE OF REGULATIONS. THE SIGNIFICANT CHANGES WERE THAT THE MAXIMUM NUMBER OF VOTING TRUSTEES WAS INCREASED TO 17 AND THAT THE MAXIMUM NUMBER OF EX-OFFICIO TRUSTEES ELECTED BY COUNCIL WAS DECREASED TO 3. Form 990, Part VI, Sec A, 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, Sec A, Line 7a, Members or stockholders electing members of governing body SEE NARRATIVE FOR PART VI, LINE 6. Form 990, Part VI, Sec A, 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, Sec B, 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, Sec B, 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, Sec B, Line 15a, Process to establish compensation of top management official IN FISCAL YEAR 2014, THE FOUNDATION WORKED WITH INDEPENDENT CONSULTING GROUP SINCLAIR TOWNES, TO ASSIST IN THE HIRING OF THE EXECUTIVE DIRECTOR. THIS INCLUDED A COMPENSATION REVIEW WITH COMPARABILITY DATA AS WELL AS REVIEW OF POTENTIAL CANDIDATES. THE FINAL DETERMINATION OF COMPENSATION OF THE EXECUTIVE DIRECTOR WAS REVIEWED AND APPROVED BY THE ORGANIZATION'S BOARD OF DIRECTORS/COMPENSATION COMMITTEE. THE DELIBERATIONS AND DECISIONS REGARDING THIS COMPENSATION ARRANGEMENT WAS ADEQUATELY DOCUMENTED. Form 990, Part VI, Sec C, 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 - 18780; INCREASE IN CASH SURRENDER VALUE OF LIFE INSURANCE - 458; KAPPA KAPPA GAMMA FRATERNITY 530 E TOWN STREET COLUMBUS OH 43215 314221880 FRATERNITY OH 501(C)(7) N/A 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 18780 FMV