2015-08-07T10:41:47-05:00 2014-12-31 990 2014-01-01 806198602 BILLY GRAHAM LIBRARY ENDOWMENT TRUST FUND BILL 7044012253 1 BILLY GRAHAM PARKWAY CHARLOTTE NC 28201 STEVE DOBBINS CFO 7044012253 2015-08-07 2015-08-07 2014 2016-02-25 16:41:14Z FRANKLIN GRAHAM 1 BILLY GRAHAM PARKWAY CHARLOTTE NC 28201 68563412 false X N/A X 2010 NC PART I, LINE 1, AND PART III, LINE 1 THE PURPOSE OF THE BILLY GRAHAM LIBRARY ENDOWMENT TRUST FUND IS TO PROVIDE AN ONGOING AND PERPETUAL SOURCE OF FUNDING FOR THE OPERATIONS, MAINTENANCE AND LONG-TERN IMPROVEMENTS OF THE BILLY GRAHAM LIBRARY LOCATED IN CHARLOTTE, NORTH CAROLINA. WE BELIEVE THAT THE PROBLEMS FACING OUR WORLD TODAY - ECONOMICALLY, POLITICALLY, AND RACIALLY - ARE THE DIRECT RESULT OF HUMAN SIN. THE BIBLE, WHICH WE BELIEVE IS THE ONLY INSPIRED WORD OF GOD, STATES THAT "ALL HAVE SINNED AND FALL SHORT OF THE GLORY OF GOD." (ROMANS 3:23) SIN SEPARATES US FROM GOD: "THE WAGES OF SIN IS DEATH" (ROMANS 6:23), AND AS A RESULT, THE WHOLE EARTH AND EVERYTHING IN IT ARE UNDER GOD'S CURSE. THERE IS GOOD NEWS, AND WE PROCLAIM IT TO ANYONE AND EVERYONE WHO WILL HEAR. GOD SENT HIS SON, JESUS CHRIST, FROM HEAVEN TO EARTH TO TAKE OUR SINS UPON HIMSELF. HE PAID THE PENALTY FOR OUR SINS BY DYING IN OUR PLACE ON THE CROSS, AND THEN HE ROSE AGAIN TO LIFE. JESUS OPENED THE WAY FOR US TO KNOW G 14 10 0 10 0 460828 13824652 0 4372467 4335472 0 4833295 18160124 0 0 0 0 0 2184155 470558 2184155 470558 2649140 17689566 79085149 94111618 39412 82560 79045737 94029058 X PART I, LINE 1, AND PART III, LINE 1 THE PURPOSE OF THE BILLY GRAHAM LIBRARY ENDOWMENT TRUST FUND IS TO PROVIDE AN ONGOING AND PERPETUAL SOURCE OF FUNDING FOR THE OPERATIONS, MAINTENANCE AND LONG-TERN IMPROVEMENTS OF THE BILLY GRAHAM LIBRARY LOCATED IN CHARLOTTE, NORTH CAROLINA. WE BELIEVE THAT THE PROBLEMS FACING OUR WORLD TODAY - ECONOMICALLY, POLITICALLY, AND RACIALLY - ARE THE DIRECT RESULT OF HUMAN SIN. THE BIBLE, WHICH WE BELIEVE IS THE ONLY INSPIRED WORD OF GOD, STATES THAT "ALL HAVE SINNED AND FALL SHORT OF THE GLORY OF GOD." (ROMANS 3:23) SIN SEPARATES US FROM GOD: "THE WAGES OF SIN IS DEATH" (ROMANS 6:23), AND AS A RESULT, THE WHOLE EARTH AND EVERYTHING IN IT ARE UNDER GOD'S CURSE. THERE IS GOOD NEWS, AND WE PROCLAIM IT TO ANYONE AND EVERYONE WHO WILL HEAR. GOD SENT HIS SON, JESUS CHRIST, FROM HEAVEN TO EARTH TO TAKE OUR SINS UPON HIMSELF. HE PAID THE PENALTY FOR OUR SINS BY DYING IN OUR PLACE ON THE CROSS, AND THEN HE ROSE AGAIN TO LIFE. JESUS OPENED THE WAY FOR US TO KNOW G false false 52440 THE PURPOSE OF THE BILLY GRAHAM LIBRARY ENDOWMENT TRUST FUND IS TO PROVIDE AN ONGOING AND PERPETUAL SOURCE OF FUNDING FOR THE OPERATIONS, MAINTENANCE AND LONG-TERM IMPROVEMENTS OF THE LIBRARY LOCATED IN CHARLOTTE, NORTH CAROLINA. THE BILLY GRAHAM LIBRARY IS AN ONGOING EVANGELISTIC CRUSADE. IN 2014, OVER 144,000 VISITED THE BILLY GRAHAM LIBRARY HAVING THE OPPORTUNITY TO HEAR THE GOSPEL MESSAGE WITH MORE THAN 1,700 PEOPLE MAKING LIFE-CHANGING COMMITMENTS TO JESUS CHRIST. IT IS THE DESIRE OF THE BOARD OF DIRECTORS THAT THERE SHOULD NEVER BE AN ADMISSION FEE TO THE LIBRARY SO THAT ALL CAN HEAR OR EXPERIENCE THE GOSPEL OF JESUS CHRIST. THIS PRIMARY OBJECTIVE , AS WELL AS THE INVESTMENT OBJECTIVE OF PRESERVING AND PROTECTING THE FUND'S ASSETS, WILL BE ACCOMPLISHED BY FOCUSING ON THE CONSERVATION OF PRINCIPAL AND LONG-TERM GROWTH OF CAPITAL AND INCOME. THIS IS GENERALLY ACHIEVED BY INVESTING IN A DIVERSIFIED PORTFOLIO OF HIGH QUALITY SECURITIES. 52440 true true false false false false false false false true false false false false true true false true false false false false false false false false false false false true false false false false false false false false false false false false false true false false false true 0 0 0 false false false false false false false false false false X 14 10 true false true false false true false true true false false true true true true true true true true false X STEVE DOBBINS 7044012253 1 BILLY GRAHAM PARKWAY 1 BILLY GRAHAM PARKWAY CHARLOTTE NC 28201 X WM FRANKLIN GRAHAM III DIR./CHAIR/P 0.25 41.00 X X 0 205999 52678 BILLY GRAHAM DIR./CHAIR E 0.25 40.50 X X 0 158976 83958 DAVID P BRUCE DIR./ASST. B 0.25 40.75 X 0 135164 83381 WM FRANKLIN GRAHAM IV DIR./1STVICC 0.25 40.50 X X 0 98698 78870 JOSEPH M STOWELL DIR./PROF. S 0.25 1.75 X 0 6000 0 MELVIN F GRAHAM DIR./CHAIR E 0.25 3.00 X X 0 0 0 WILLIAM B PAULS DIR./TREASUR 0.25 2.75 X X 0 0 0 GEORGE E BATTLE JR DIRECTOR 0.25 1.50 X 0 0 0 J FRANK HARRISON III DIRECTOR 0.25 1.50 X 0 0 0 GREG LAURIE DIRECTOR 0.25 1.50 X 0 0 0 ANNE GRAHAM LOTZ DIRECTOR 0.25 1.50 X 0 0 0 DENTON LOTZ DIRECTOR PAR 0.25 1.50 X 0 0 0 HON STEPHEN E MERRILL DIRECTOR 0.25 1.50 X 0 0 0 CHARLES O MORGAN JR DIRECTOR 0.25 1.75 X 0 0 0 PAUL T SABER DIRECTOR 0.25 1.75 X 0 0 0 STEVE DOBBINS CFO 0.25 40.75 X 0 173632 40755 DANIEL C ALLEN SECRETARY/VP 0.25 40.75 X 0 172015 42197 CLIFFORD B BARROWS VICE CHAIRMA 0.25 40.50 X 0 105156 94181 JOEL B AARSVOLD SEC./VP CORP 0.00 40.00 X 0 337159 4081 1392799 480101 true true false CAMBRIDGE ASSOCIATES LLC 100 SUMMER STREET BOSTON MA 02110 INVEST. CONSULT 204852 1 13824652 13824652 1030530 1030530 53708230 50403288 3304942 3304942 3304942 18160124 4335472 67552 67552 350566 350566 52440 52440 470558 52440 418118 0 204461 106607 13202 78864464 93990948 3022 14063 79085149 94111618 32131 75218 7281 7342 39412 82560 X 71043949 85202683 1312569 1380530 6689219 7445845 79045737 94029058 79085149 94111618 17689566 -2706245 X false true X true X X 1 BILLY GRAHAM EVANGELISTIC ASSOCIATION 452588350 7 true 52440 0 1 52440 true false false false true true false false false false false false false false false false false true false PART IV, LINE 5A BGEA, MN (EIN 41-0692230) PROGRAM OPERATIONS WERE TRANSFERRED TO THE BILLY GRAHAM EVANGELISTIC ASSOCIATION (EIN 45-2588350) AS OF 1/1/2014. BGEA, MN IS A NON-PROFIT SUBSIDIARY OF THE BILLY GRAHAM EVANGELISTIC ASSOCIATION AND EXISTS TO SUPPORT ITS MISSION. THE AMENDMENT OF THE FUND'S ORGANIZING DOCUMENT WAS RATIFIED BY THE BILLY GRAHAM EVANGELISTIC ASSOCIATION BOARD OF DIRECTORS. THE NAME WAS CHANGED TO BGEA, MN WHEN THE PROGRAM OPERATIONS AND RELATED NET ASSETS WERE TRANSFERRED TO THE BILLY GRAHAM EVANGELISTIC ASSOCIATION (EIN 45-2588350). PART IV, LINE 5B BGEA, MN (EIN 41-0692230) PROGRAM OPERATIONS WERE TRANSFERRED TO THE BILLY GRAHAM EVANGELISTIC ASSOCIATION (EIN 45-2588350) AS OF 1/1/2014. BGEA, MN IS A NON-PROFIT SUBSIDIARY OF THE BILLY GRAHAM EVANGELISTIC ASSOCIATION AND EXISTS TO SUPPORT ITS MISSION. THE NAME WAS CHANGED TO BGEA, MN WHEN THE PROGRAM OPERATIONS AND RELATED NET ASSETS WERE TRANSFERRED TO THE BILLY GRAHAM EVANGELISTIC ASSOCIATION (EIN 45-2588350). RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 79045737 13824652 1629209 52440 418118 94029058 73550529 460828 7218535 1807371 376784 79045737 67728895 1737683 5847652 1441881 321820 73550529 65822314 2383148 -159352 317215 67728895 62067136 3943094 187916 65822314 0.90610 0.07920 0.01470 false false LIAB FOR TEMP RESTRICTED 7342 7342 X SCHEDULE D, PAGE 2, PART V, LINE 4 THE PURPOSE OF THE BILLY GRAHAM LIBRARY ENDOWMENT TRUST FUND IS TO PROVIDE AN ONGOING AND PERPETUAL SOURCE OF FUNDING FOR THE OPERATIONS, MAINTENANCE AND LONG-TERM IMPROVEMENTS OF THE BILLY GRAHAM LIBRARY LOCATED IN CHARLOTTE, NORTH CAROLINA. SCHEDULE D, PAGE 3, PART X AS REQUIRED BY U.S. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES PERTAINING TO UNCERTAIN TAX POSITIONS, THE ASSOCIATION RECORDS A LIABILITY FOR ANY TAX POSITION TAKEN THAT IS BENEFICIAL TO THE ASSOCIATION, INCLUDING ANY RELATED INTEREST AND PENALTIES, WHEN IT IS MORE LIKELY THAN NOT THE POSITION TAKEN BY MANAGEMENT WILL BE OVERTURNED BY A TAXING AUTHORITY UPON EXAMINATION. MANAGEMENT BELIEVES THERE ARE NO SUCH POSITIONS AS OF DECEMBER 31, 2014 AND 2013, AND ACCORDINGLY, NO LIABILITY HAS BEEN ACCRUED. true false false false false false false false false WM FRANKLIN GRAHAM III DIR./CHAIR/PRES./CEO 105999 100000 44835 7843 258677 BILLY GRAHAM DIR./CHAIR EMERITUS 82190 76786 13305 70653 242934 DAVID P BRUCE DIR./ASST. B. GRAHAM 134890 274 34450 48931 218545 WM FRANKLIN GRAHAM IV DIR./1STVICCHAIR/VP 98698 18745 60125 177568 STEVE DOBBINS CFO 173632 10954 29801 214387 DANIEL C ALLEN SECRETARY/VP CORP 171741 274 10847 31350 214212 CLIFFORD B BARROWS VICE CHAIRMAN/MUSIC 94379 10777 23251 70930 199337 JOEL B AARSVOLD SEC./VP CORP. PTYR 39484 297675 2396 1685 341240 SCHEDULE J, PAGE 1, PART I, LINE 3 FOR THE COMPENSATION PAID BY THE RELATED ORGANIZATION, BILLY GRAHAM EVANGELISTIC ASSOCIATION, THE BOARD OF THE ASSOCIATION HAS APPOINTED A COMPENSATION COMMITTEE WHO REVIEWS THE COMPENSATION OF ITS OFFICERS AND KEY EMPLOYEES,AND BASES THE COMPENSATION ON COMPARABILITY DATA AS DESCRIBED IN THE FORM 990 FOR BILLY GRAHAM EVANGELISTIC ASSOCIATION. SCHEDULE J, PAGE 1, PART I, LINE 4 JOEL B. AARSVOLD 297,675 0 0 SCHEDULE J, PART III PART II THE COMPENSATION REPORTED IN PART II OF SCHEDULE J IS THE TOTAL COMPENSATION FOR EACH EMPLOYEE PAID BY THE BILLY GRAHAM EVANGELISTIC ASSOCIATION. THIS COMPENSATION IS BEING REPORTED HERE BY THE BILLY GRAHAM LIBRARY ENDOWMENT, AS REQUIRED, BUT IT IS NOT DUPLICATED BY THE BILLY GRAHAM LIBRARY ENDOWMENT, WHICH HAS NO EMPLOYEES AND NO PAYROLL. PART II, COLUMN B(III): THE OTHER REPORTABLE COMPENSATION FOR WM. FRANKLIN GRAHAM, III INCLUDES A 100,000 SPECIAL CATCH UP RETIREMENT PAYMENT. THE OTHER REPORTABLE COMPENSATION FOR BILLY GRAHAM INCLUDES HEALTH CARE SUPPORT COSTS OF 73,209 PAID FOR BY THE BILLY GRAHAM EVANGELISTIC ASSOCIATION, A RELATED ORGANIZATION, FOR DR. BILLY GRAHAM THAT ARE REQUIRED FOR HIM TO CONTINUE TO SERVE AND PERFORM HIS DUTIES AND RESPONSIBILITIES FOR THE BILLY GRAHAM EVANGELISTIC ASSOCIATION, AS APPROVED BY THE BOARD OF DIRECTORS. FORM 990 - ORGANIZATION'S MISSION PART I, LINE 1, AND PART III, LINE 1 THE PURPOSE OF THE BILLY GRAHAM LIBRARY ENDOWMENT TRUST FUND IS TO PROVIDE AN ONGOING AND PERPETUAL SOURCE OF FUNDING FOR THE OPERATIONS, MAINTENANCE AND LONG-TERN IMPROVEMENTS OF THE BILLY GRAHAM LIBRARY LOCATED IN CHARLOTTE, NORTH CAROLINA. WE BELIEVE THAT THE PROBLEMS FACING OUR WORLD TODAY - ECONOMICALLY, POLITICALLY, AND RACIALLY - ARE THE DIRECT RESULT OF HUMAN SIN. THE BIBLE, WHICH WE BELIEVE IS THE ONLY INSPIRED WORD OF GOD, STATES THAT "ALL HAVE SINNED AND FALL SHORT OF THE GLORY OF GOD." (ROMANS 3:23) SIN SEPARATES US FROM GOD: "THE WAGES OF SIN IS DEATH" (ROMANS 6:23), AND AS A RESULT, THE WHOLE EARTH AND EVERYTHING IN IT ARE UNDER GOD'S CURSE. THERE IS GOOD NEWS, AND WE PROCLAIM IT TO ANYONE AND EVERYONE WHO WILL HEAR. GOD SENT HIS SON, JESUS CHRIST, FROM HEAVEN TO EARTH TO TAKE OUR SINS UPON HIMSELF. HE PAID THE PENALTY FOR OUR SINS BY DYING IN OUR PLACE ON THE CROSS, AND THEN HE ROSE AGAIN TO LIFE. JESUS OPENED THE WAY FOR US TO KNOW GOD. WE BELIEVE THAT JESUS IS THE ONLY WAY TO GOD, AND HE SAID HIMSELF, "I AM THE WAY AND THE TRUTH AND THE LIFE. NO ONE COMES TO THE FATHER EXCEPT THROUGH ME." (JOHN 14:6) NO OTHER LIFESTYLE, RELIGION, OR PHILOSOPHY CAN BRING YOU TO GOD. AS A MINISTRY OF THE BILLY GRAHAM EVANGELISTIC ASSOCIATION, EVERYTHING WE DO PROCLAIMS THIS PROFOUND TRUTH AND INVITES MEN, WOMEN, AND CHILDREN ACROSS THE GLOBE TO TURN FROM THEIR SIN AND FIND FORGIVENESS AND ETERNAL LIFE IN JESUS CHRIST. IF YOU DO NOT HAVE PEACE WITH GOD, YOU CAN FIND IT RIGHT NOW. SIMPLY PRAY THIS PRAYER AND RECEIVE JESUS CHRIST AS YOUR LORD AND SAVIOR: "DEAR LORD JESUS, I KNOW THAT I AM A SINNER, AND I ASK FOR YOUR FORGIVENESS. I BELIEVE YOU DIED FOR MY SINS AND ROSE FROM THE DEAD. I TURN FROM MY SINS AND INVITE YOU TO COME INTO MY HEART AND LIFE. I WANT TO TRUST AND FOLLOW YOU AS MY LORD AND SAVIOR. IN YOUR NAME, AMEN." IF YOU PRAYED THIS PRAYER - OR WOULD LIKE TO SPEAK WITH SOMEONE ABOUT SPIRITUAL QUESTIONS - PLEASE CALL US AT 1-877-247-2426. WE HAVE SOME MATERIALS WE WOULD LIKE TO SEND TO HELP YOU ON YOUR JOURNEY OF FAITH. FORM 990, PAGE 1, PART I, LINE 6 THE VOLUNTEERS LISTED FOR THE FUND ARE THE BOARD OF DIRECTORS WHO ARE NON- EMPLOYEES. FORM 990, PAGE 2, PART III, LINE 4A AND LONG-TERM GROWTH OF CAPITAL AND INCOME. THIS IS GENERALLY ACHIEVED BY INVESTING IN A DIVERSIFIED PORTFOLIO OF HIGH QUALITY SECURITIES. FORM 990, PAGE 6, PART VI, LINE 1A THE FUND IS GOVERNED BY THE BOARD OF DIRECTORS OF THE RELATED ORGANIZATION BILLY GRAHAM EVANGELISTIC ASSOCIATION. THE ASSOCIATION PURSUANT TO ITS BYLAWS HAS APPOINTED AN EXECUTIVE COMMITTEE, CURRENTLY WITH TEN MEMBERS. THE COMMITTEE CHAIRMAN IS AN INDEPENDENT BOARD MEMBER. THE EXECUTIVE COMMITTEE HOLDS PERIODIC MEETINGS BETWEEN THE BOARD OF DIRECTORS MEETINGS TO ACT ON BEHALF OF THE BOARD OF DIRECTORS, EXCEPT FOR MATTERS PRECLUDED BY THE BYLAWS. THE FULL BOARD OF DIRECTORS RATIFIES ANY ACTIONS TAKEN BY THE EXECUTIVE COMMITTEE. FORM 990, PAGE 6, PART VI, LINE 2 BILLY GRAHAM WM. FRANKLIN GRAHAM, III CHAIR EMERIT CHAIR/PRES FAMILY RELATIONSHIP BILLY GRAHAM WM. FRANKLIN GRAHAM, IV CHAIR EMERIT DIR/1STVICEC FAMILY RELATIONSHIP BILLY GRAHAM ANNE GRAHAM LOTZ CHAIR EMERIT DIRECTOR FAMILY RELATIONSHIP WM. FRANKLIN GRAHAM, III WM. FRANKLIN GRAHAM, IV CHAIR/PRES DIR/1STVICEC FAMILY RELATIONSHIP WM. FRANKLIN GRAHAM, III ANNE GRAHAM LOTZ CHAIR/PRES DIRECTOR FAMILY RELATIONSHIP ANNE GRAHAM LOTZ DENTON LOTZ DIRECTOR DIRECTOR FAMILY RELATIONSHIP FORM 990, PAGE 6, PART VI, LINE 4 THE GOVERNING TRUST AGREEMENT WAS AMENDED TO SUBSTITUTE BILLY GRAHAM EVANGELISTIC ASSOCIATION (45-2588350) FOR BGEA, MN (41-0692230) AS THE SUPPORTED ORGANIZATION. FORM 990, PAGE 6, PART VI, LINE 7A THE BOARD OF DIRECTORS OF THE BILLY GRAHAM EVANGELISTIC ASSOCIATION, A RELATED ORGANIZATION, ACTS AS TRUSTEE FOR THE PURPOSE OF ADMINISTERING THE TRUST FUND. AUTHORITY TO MAKE DECISIONS AFFECTING THE ADMINISTRATION OF THE TRUST FUND IS RESERVED TO THE BILLY GRAHAM EVANGELISTIC ASSOCIATION BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 11B THE FUND'S RETURN IS PREPARED AND REVIEWED BY MEMBERS OF THE STAFF INCLUDING THE LEGAL DEPARTMENT, INTERNAL AUDIT, CFO, VP OF CORPORATE AFFAIRS, CERTAIN VICE PRESIDENTS, AND THE CEO OF THE RELATED ORGANIZATION, BILLY GRAHAM EVANGELISTIC ASSOCIATION. THE RETURN IS THEN REVIEWED BY THE INDEPENDENT AUDIT FIRM OF CHERRY BEKAERT LLP. THE RETURN IS NEXT REVIEWED BY THE AUDIT COMMITTEE, AND PROVIDED TO AND RECEIPT CONFIRMED BY THE BOARD OF DIRECTORS BEFORE IT IS FILED WITH THE IRS. FORM 990, PAGE 6, PART VI, LINE 12C THE FUND IS GOVERNED BY THE BOARD OF DIRECTORS OF THE RELATED ORGANIZATION BILLY GRAHAM EVANGELISTIC ASSOCIATION. THE ASSOCIATION'S CONFLICT OF INTEREST POLICY COVERS ALL "RESPONSIBLE PERSONS", WHICH INCLUDES ANY BOARD MEMBER, OFFICER, DIVISIONAL VICE PRESIDENTS OR MEMBER OF MANAGEMENT STAFF WHO HAVE A MATERIAL FINANCIAL INTEREST IN THE TRANSACTION. DISCLOSURE STATEMENTS ARE SUBMITTED BY THESE INDIVIDUALS ON AN ANNUAL BASIS, AS WELL AS THROUGHOUT THE YEAR AS A SITUATION MAY ARISE. A SUMMARY OF POTENTIAL CONFLICTS DISCLOSED BY BOARD MEMBERS, OFFICERS AND DIVISIONAL VICE PRESIDENTS IS REPORTED TO THE BOARD AUDIT COMMITTEE FOR REVIEW. RESTRICTIONS IMPOSED ON PERSONS INVOLVED IN TRANSACTIONS WITH A POTENTIAL CONFLICT INCLUDE PROHIBITING THEM FROM PARTICIPATING IN THE BOARD OF DIRECTORS OR COMMITTEE DELIBERATIONS AND APPROVAL OF THE TRANSACTION. THROUGHOUT THE YEAR, INTERNAL AUDIT AND LEGAL STAFF MONITOR THE ADDITION OF NEW BOARD MEMBERS AND THE HIRING OF NEW EMPLOYEES WHOSE POSITION MAY ALLOW THEM TO HAVE A MATERIAL FINANCIAL INTEREST IN A TRANSACTION. DISCLOSURE STATEMENTS ARE REQUESTED AND RECEIVED FROM THESE INDIVIDUALS. POTENTIAL CONFLICTS, IF ANY, ARE REPORTED TO THE BOARD AUDIT COMMITTEE. THE PROCESS FOR REVIEW OF TRANSACTIONS WITH POTENTIAL CONFLICTS VARIES BASED ON THE INDIVIDUAL WITH THE CONFLICT. IF A PERSON IS A STAFF MEMBER AND IS NOT A DISQUALIFIED PERSON, ANY PROPOSED TRANSACTION THAT MAY BE A CONFLICT OF INTEREST MUST BE REVIEWED AND APPROVED BY THE CEO OR HIS DESIGNEE. ALL MATERIAL TERMS AND CONDITIONS OF THE TRANSACTION SHALL BE DESCRIBED IN WRITING AND PROVIDED TO THE CEO PRIOR TO ENTERING INTO THE TRANSACTION. THE CEO WILL REVIEW THE TRANSACTION TO DETERMINE IF IT IS FAIR AND IN THE BEST INTEREST OF THE ASSOCIATION. IF THE PERSON WITH THE POTENTIAL CONFLICT OF INTEREST IS A DISQUALIFIED PERSON, THE RESPONSIBLE PERSON WILL PROVIDE ALL MATERIAL TERMS AND CONDITIONS TO THE CEO IN WRITING. THE CEO WILL FORWARD SUCH INFORMATION TO THE COMPENSATION COMMITTEE CHAIRMAN FOR REVIEW AND DECISION BY THE COMPENSATION COMMITTEE PRIOR TO CONSUMMATION OF THE TRANSACTION. THE TRANSACTION SHALL ONLY BE PERMITTED IF THE COMPENSATION COMMITTEE DETERMINES THAT: THE CONFLICTING INTEREST IS FULLY DISCLOSED; THE RESPONSIBLE PERSON WITH THE CONFLICT IS EXCLUDED FROM THE DISCUSSION AND APPROVAL OF SUCH TRANSACTION BY THE COMPENSATION COMMITTEE; AND THE TRANSACTION IS FAIR AND IN THE BEST INTEREST OF THE ASSOCIATION BY THE USE OF A COMPARABLE VALUATION OR COMPETITIVE BID. THE COMPENSATION COMMITTEE CHAIRMAN WILL PRESENT THE MATERIAL FACTS OF THE TRANSACTION TO THE FULL BOARD OF DIRECTORS FOR RATIFICATION. IF THE CEO OR HIS FAMILY IS THE ONE WITH THE POTENTIAL CONFLICT OF INTEREST, THEN THE INITIAL DISCLOSURE SHALL BE MADE DIRECTLY TO THE COMPENSATION COMMITTEE CHAIRMAN BY THE VICE PRESIDENT OF CORPORATE AFFAIRS. USING THE SAME CRITERIA LISTED ABOVE, THE COMPENSATION COMMITTEE WILL REVIEW AND DECIDE IF THE TRANSACTION IS FAIR AND IN THE BEST INTERESTS OF THE ASSOCIATION. THE COMPENSATION COMMITTEE CHAIRMAN WILL PRESENT THE MATERIAL FACTS OF THE TRANSACTION TO THE FULL BOARD OF DIRECTORS FOR RATIFICATION. IF THE CONFLICT INVOLVES A GRANT, PAYMENT OR BENEFIT TO ANOTHER 501(C)(3) ORGANIZATION WITHIN THE EXEMPT PURPOSES OF THE ASSOCIATION, THE MATERIAL TERMS OF SUCH TRANSACTIONS WILL BE SUBMITTED TO THE FINANCE COMMITTEE FOR REVIEW AT SUCH COMMITTEE'S PERIODIC MEETINGS AND ANNUALLY SUBMITTED TO THE BOARD OF DIRECTORS FOR REVIEW AND RATIFICATION. FORM 990, PAGE 6, PART VI, LINE 15A ALTHOUGH THE FUND DOES NOT HAVE ANY EMPLOYEES, IN THE EVENT THAT IT HIRES ANY EMPLOYEES, THE PROCESS FOR DETERMINING COMPENSATION WILL INCLUDE A REVIEW AND APPROVAL BY INDEPENDENT PERSONS, COMPARABILITY DATA, AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION. AS FOR THE COMPENSATION PAID BY THE RELATED ORGANIZATION BILLY GRAHAM EVANGELISTIC ASSOCIATION, THE BOARD OF THE ASSOCIATION HAS APPOINTED A COMPENSATION COMMITTEE WHO REVIEWS THE COMPENSATION OF ITS OFFICERS AND KEY EMPLOYEES, AND BASES THE COMPENSATION ON COMPARABILITY DATA AS DESCRIBED IN THE FORM 990 FOR BILLY GRAHAM EVANGELISTIC ASSOCIATION. FORM 990, PAGE 6, PART VI, LINE 15B SEE THE RESPONSE FOR 15A. FORM 990, PAGE 6, PART VI, LINE 19 THE FUND'S TRUST DOCUMENT, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS ARE PROVIDED UPON REQUEST AND AVAILABLE FOR INSPECTION AT OUR OFFICE IN CHARLOTTE, NC. FORM 990, PART VII THE REPORTABLE COMPENSATION FOR BILLY GRAHAM INCLUDES AN AMOUNT PAID BY THE RELATED ORGANIZATION, BILLY GRAHAM EVANGELISTIC ASSOCIATION FOR HEALTH CARE SUPPORT COSTS OF 73,209 FOR DR. BILLY GRAHAM THAT ARE REQUIRED FOR HIM TO CONTINUE TO SERVE AND PERFORM HIS DUTIES AND RESPONSIBILITIES FOR THE BILLY GRAHAM EVANGELISTIC ASSOCIATION, AS APPROVED BY THE BOARD OF DIRECTORS. THE OTHER COMPENSATION REPORTED IN COLUMN F INCLUDES MINISTER'S HOUSING ALLOWANCE PAID BY THE RELATED ORGANIZATION, BILLY GRAHAM EVANGELISTIC ASSOCIATION, WHICH IS NON-TAXABLE FOR THE FOLLOWING PERSONS: BILLY GRAHAM, DAVID P. BRUCE, WM. FRANKLIN GRAHAM, IV, AND CLIFFORD B. BARROWS. BILLY GRAHAM EVANGELISTIC ASSN 1 BILLY GRAHAM PARKWAY CHARLOTTE NC 28201 452588350 EVANGELISM NC 501C3 7 NA false BGEA MN 1 BILLY GRAHAM PARKWAY CHARLOTTE NC 28201 410692230 EVANGELISM MN 501C3 7 NA false BLUE RIDGE BROADCASTING CORP PO BOX 159 BLACK MOUNTAIN NC 28711 560750258 RADIO NC 501C3 9 BGEA false GRAHAM FUND FOR EVANGELISM 1 BILLY GRAHAM PARKWAY CHARLOTTE NC 28201 363194680 EVANGELISM IL 501C3 11A BGEA false COVE ENDOWMENT TRUST FUND 1 BILLY GRAHAM PARKWAY CHARLOTTE NC 28201 411794875 EVANGELISM NC 501C3 11A BGEA false ORGANIZACAO REBG BRASIL AV ADOLFO PINHEIRO 2360 SAO PAULO BR EVANGELISM BR BGEA false BGEA PTE LTD 133 CECIL STREET SINGAPORE SN EVANGELISM SN BGEA C CORP false ILLUSION PROPERTIES SA 200 E FROM THE COSTA RICAN COSTA RICA CS FOR SALE CS BGEA C CORP false false true true false false false false false false false false false true false false true false false true BILLY GRAHAM EVANGELISTIC ASSN B 52440 CASH BILLY GRAHAM EVANGELISTIC ASSN C 13772902 CASH BILLY GRAHAM EVANGELISTIC ASSN M 67552 CASH BGEA MN S 51750 CASH