2015-12-15T08:58:02-06:00 2015-06-30 521511275 Raffa PC 1899 L Street NW Suite 900 Washington DC 20036 990PF 2014-07-01 237000192 Bainum Family Foundation COMM 2404500000 7735 Old Georgetown Road No 1000 Bethesda MD 20814 Barbara Bainum Chair/CEO/Pres 2404500000 2015-12-15 1 Frank H Smith P00639053 2028225000 2015-12-15 2014 2016-03-07 17:11:31Z X X 540303768 X 317097255 10889 10889 10889 5232602 5232602 5232602 9727954 18578132 17909975 478495 322768 322768 322768 332391468 23476234 6044754 655767 117773 117773 495722 4366768 95539 95539 4311115 962453 26392 26392 916936 118653 22283 22283 96572 76798 0 0 76885 2341297 208492 208492 1804095 176959 0 0 780000 238654 0 0 136881 0 0 116824 290538 1154 1154 271818 14189 0 0 14162 5360846 206923 206923 4092095 14739803 678556 678556 12976224 1786802 3471478 16526605 678556 678556 16447702 315864863 22797678 5366198 3095884 989910 989910 98849880 65315316 65315316 0 42009969 42009969 194761 226701 226701 47035799 45453750 45453750 2180850 2096865 2096865 79705329 232805684 232805684 3349014 822654 1233451 2526360 2526360 337198 148879213 148879213 232633152 540303768 540303768 963539 2519198 2680564 995890 713502 310485 4357605 3825573 X 142804593 149562504 85470954 386915691 228275547 536478195 232633152 540303768 228275547 315864863 0 544140410 7662215 536478195 Publicly traded securities- Morgan Stanley P 1975222 1954483 20739 20739 305,500 Shs Choice Hotels International Stock D 16602910 9522 16593388 16593388 Allen Global Partners K-1 Short term P 457756 457756 Allen Global Partners K-1 Long term P 838092 838092 17909975 478495 0 19608282 225884753 0.086807 15853223 202742739 0.078194 10547557 163528737 0.064500 9031105 85297944 0.105877 10518515 84356533 0.124691 0.460069 0.092014 255689731 23527035 227977 23755012 17979265 455954 0 455954 0 455954 656350 656350 X 200396 200396 0 0 0 0 0 0 0 0 1 0 0 1 1 DC MD 1 1 0 0 0 1 www.bainumfdn.org The Foundation 2404500000 7735 Old Georgetown Road Ste 1000 Bethesda MD 20814 0 0 0 1 1 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 Barbara Bainum 7735 Old Georgetown Road Bethesda MD 20814 Chair/President/CEO 40.00 311600 44429 0 Rozita Lagorce Green 7735 Old Georgetown Road Bethesda MD 20814 Vice President/CSO 40.00 187136 30257 0 Mark R Birmingham 7735 Old Georgetown Road Bethesda MD 20814 CFO/CIO/Treasurer-Started 12/14 40.00 157031 38925 0 Bruce Bainum 7735 Old Georgetown Road Bethesda MD 20814 Director 1.00 0 0 0 Alexander Froom 7735 Old Georgetown Road Bethesda MD 20814 Director 1.00 0 0 0 Charles A Ledsinger 7735 Old Georgetown Road Bethesda MD 20814 Director 1.00 0 0 0 Scott Renschler 7735 Old Georgetown Road Bethesda MD 20814 Director 1.00 0 0 0 Steve Bumbaugh 7735 Old Georgetown Road Bethesda MD 20814 Director 1.00 0 0 0 Kenny Emson - Started 1114 7735 Old Georgetown Road Bethesda MD 20814 Director 1.00 0 0 0 Maura Marino - Started 1114 7735 Old Georgetown Road Bethesda MD 20814 Director 1.00 0 0 0 Christine Shreve 7735 Old Georgetown Road Bethesda MD 20814 Audit Comm. Chair 3.00 0 0 0 Noel Bravo 7735 Old Georgetown Road Bethesda MD 20814 Sr. Dir. of Eval.& M 40.00 148802 22807 0 Clara Rose Northington 7735 Old Georgetown Road Bethesda MD 20814 Sr. Dir. of Human Re 40.00 148601 22678 0 Andrew F Pepito 7735 Old Georgetown Road Bethesda MD 20814 Sr. Dir. of Finance 40.00 147932 10326 0 David Daniels 7735 Old Georgetown Road Bethesda MD 20814 Program Director 40.00 128594 20347 0 Katarzyna Hlavaty 7735 Old Georgetown Road Bethesda MD 20814 Controller 40.00 128214 20324 0 25 Coakley & Williams Construction Inc 7475 Wisconsin Avenue Suite 900 Bethesda MD 20814 Construction-Office Relocation 680076 The Brand Consultancy LLC PO Box 1590 Wrightsville Beach NC 28480 Strategic Planning 283264 Chesapeake Coalition of Essential Schools PO Box 350 North East MD 21901 Consulting 205350 The NYC Leadership Academy Inc 45-18 Court Square Room 247 Long Island NY 11101 Consulting 196676 Shufflelabs 5383 Lavender Mist Ct Centreville VA 20120 IT Solutions 169590 12 The Boarding and Day School Program (BDSP) awards scholarships and provides other resources and support to faith-based boarding and day schools to provide students with increased academic, social and professional skills. Additionally, these programs build organizational effectiveness in the areas of board governance, leadership, instruction and curriculum, infrastructure and finance. For the years ended June 30, 2015 and 2014, 1,341 and 1,734 students, respectively were provided assistance.The Foundation offers school enhancement service contracts (SEP) to help partner schools fully implement BDSP. The purpose of SEP is to provide qualifying BDSP partner schools training and technical assistance that equip the partner schools with the knowledge, skills and processes to improve student achievement. 9124971 The Foundation's after school programs (ASP) are designed to offer academic support to children living in underserved communities within the Washington, DC metropolitan area. Specifically, this program provides tutoring in reading, writing, and math to qualifying students in grades K-12. A signature component of the program is that students retain the books they read with their groups. For the years ended June 30, 2015 and 2014, 1,654 and 1,594 students, respectively, were served by ASP. 3268703 The Bainum Family Foundation provides resources through active management of activities for community enrichment as well as grants to not-for-profit organizations in a variety of grant categories. The Foundation offers grants for facilities construction and maintenance to primary and secondary Seventh-day Adventist schools worldwide. The Community Assistance Program awards grants to out-of-school time programs giving priority to the Washington, DC metropolitan area. Some of these grants focus on afterschool programs, while others mitigate summer learning loss through providing grants to support enriched academic summer programming for underserved children and youth. The School Enhancement Program offers grants to schools for specific activities that assist with improving student achievement at the Foundation's partner schools. 3202248 0 0 162980702 67299391 29303390 259583483 958891 0 259583483 3893752 255689731 12784487 X 16447702 0 1531563 17979265 0 17979265 X 5366198 2722935 10137137 4419593 22645863 4561268 2314495 8616566 3756654 19248984 17979265 19608282 15853223 10547557 63988327 3471478 7665266 5480108 2251169 18868021 14507787 11943016 10373115 8296388 45120306 0 0 8522991 7529492 6758091 5450958 28261532 0 0 0 0 Bainum Family Foundation 7735 Old Georgetown Rd Suite 1000 Bethesda MD 20814 2404500000 Bainum Family Foundation requires applicants to complete an online grant application. The application can be accessed at www.bainumfdn.org. If organizations are unable to complete the online application they should contact the Grants Department staff by emailing grants@bainumfdn.org before applying. Applicants must attach the current budget for the entire organization and for the specific project, the most recent IRS Form 990 and independent audit report, and addresses for all current program site locations. February 1 and August 1. The following guidelines help to direct the Foundation's funding decisions within the Community Assistance Grants Program: The Foundation will only consider requests that address the education needs of disadvantaged children and youth. We are particularly interested in helping organizations that implement strategies that foster partnership building. We consider request for General Operating and Project specific support. Priority will be given to funding programs located in Washington, DC and Maryland. All programs must have a 501 (c)(3) private /public non-profit tax exempt status with the IRS. The maximum grant award under this program is $50,000. Organizations may submit a proposal for only one deadline within a 12 month period. Generally organizations that have received recent funding for 3 consecutive years must skip a year before re-applying. Allegheny East Conference 767 Douglass Drive Boyertown PA 19512 None 501c3 Baltimore Junior Academy Renovation 1097161 Alumni Achievement Awards 7201 Shallowford Road Suite 200 Chattanooga TN 37421 None 501c3 General Operating/Mission 14570 Alumni Achievement Awards 7201 Shallowford Road Suite 200 Chattanooga TN 37421 None 501c3 General Operating/Mission 32782 Alumni Achievement Awards 7201 Shallowford Road Suite 200 Chattanooga TN 37421 None 501c3 General Operating/Mission 42716 Atlanta Adventist International School 5241 Ash St Forest Park GA 30297 None 501c3 General Operating/Mission 15000 Barnard College 3009 Broadway New York NY 10027 None 501c3 Purchase Student Textbooks and related Teacher Materials 5000 Baylor University 1 Bear Place 97320 Waco TX 76798 None 501c3 Texas Hunger Initiative - Research and Advocacy work 65000 Ben Towne Pediatric Cancer Research Foundation 4538 47th Avenue NE Seattle WA 98105 None 501c3 General Operating/Mission 125 Boys & Girls Clubs of Metropolitan Baltimore 11 West Mount Vernon St Baltimore MD 21201 None 501c3 General Operating/Mission 50000 Brainfood 1525 Newton St NW Washington DC 20010 None 501c3 General Operating/Mission 20000 Calexico Mission School 601 East 1st St Calexico CA 92231 None 501c3 STAR 360 and Accelerated Reader Programs 17796 Campion Academy 300 42nd St SW Loveland CO 80537 None 501c3 Mission Trip to Dominican Republic 25400 Campion Academy 300 42nd St SW Loveland CO 80537 None 501c3 Mission Trip to Calcutta, Belize 26300 Campion Academy 300 42nd St SW Loveland CO 80537 None 501c3 Professional Development 3663 Capital Area Food Bank 4900 Puerto Rico Avenue NE Washington DC 20017 None 501c3 General Operating/Mission 100 Capital Area Food Bank 4900 Puerto Rico Avenue NE Washington DC 20017 None 501c3 Kids Cafe Program 40000 Care PO Box 1870 Merrifield VA 22116 None 501c3 General Operating/Mission 25 Celebrate Life Ministries 14900 Ridge Farm Ct Bowie MD 20715 None 501c3 General Operating/Mission 1000 Charter Board Partners 1638 R St NW Washington DC 20009 None 501c3 Strengthening Charter School Governance in DC 2500 Child First 917 Bridgeport Avenue Shelton CT 06484 None 501c3 Model Expansion to Other States 40210 Childhaven 316 Broadway Seattle WA 98122 None 501c3 Childhood Trauma Treatment Program 35000 Columbia Union 5427 Twin Knolls Road Columbia MD 21045 None 501c3 Differentiated Instruction Training Programs 15000 Columbia Union 5427 Twin Knolls Road Columbia MD 21045 None 501c3 Differentiated Instruction Training Programs 30469 Compass Housing Alliance 77 S Washington St 5th Floor Seattle WA 98104 None 501c3 General Operating/Mission 200 Court Appointed Special Advocate - Montgomery County MD 1010 Grandin Avenue Suite B-3 Rockville MD 20851 None 501c3 General Operating/Mission 20000 Cristo Rey Jesuit HS Minneapolis 2924 4th Avenue South Minneapolis MN 55408 None 501c3 Mission Trip to Harlan, KY. 4877 Cristo Rey Jesuit HS Minneapolis 2924 4th Avenue South Minneapolis MN 55408 None 501c3 Mission Trip to Harlan, KY. 3773 Critical Exposure 1816 12th St NW 3rd Floor Washington DC 20009 None 501c3 General Operating/Mission 23000 Dakota Adventist Academy 15905 Sheyenne Circle Bismarck ND 58503 None 501c3 Worthy Student Aid 50 DC Central Kitchen 425 Second St NW Washington DC 20001 None 501c3 General Operating/Mission 75000 DC SCORES 1224 M St NW Washington DC 20005 None 501c3 Literacy in Action 20000 Don Bosco Cristo Rey Jesuit HS 1010 Larch Avenue Takoma Park MD 20912 None 501c3 Professional Development 1511 Early Learning Coalition of Miami-Dade Monroe 1111 12th St Suite 206 Key West FL 33040 None 501c3 General Operating/Mission 58140 Embrace It Africa PO Box 25 St Bonaventure NY 14778 None 501c3 General Operating/Mission 2500 Embrace It Africa PO Box 25 St Bonaventure NY 14778 None 501c3 General Operating/Mission 2500 Fishing School 4737 Meade St NE Washington DC 20019 None 501c3 General Operating/Mission 25000 Fletcher Academy PO Box 5440 FletcherHendersonvill NC 28732 None 501c3 Mission Trip to Santo Domingo,Dominican Republic 12000 Fletcher Academy PO Box 5440 FletcherHendersonvill NC 28732 None 501c3 Mission Trip to Turrialba,Costa Rica 13656 Florida Keys Healthy Start Coalition PO BOX 6166 Key West FL 33041 None 501c3 General Operating/Mission 53000 Food and Friends 219 Riggs Road NE Washington DC 20011 None 501c3 General Operating/Mission 25 Food Research and Action Center 1200 18th St NW Suite 400 Washington DC 20036 None 501c3 Research & Policy Leadership at National, State and Local levels to reduce hunger 45000 Food Research and Action Center 1200 18th St NW Suite 400 Washington DC 20036 None 501c3 Restricted to DC Hunger Solutions - General Operating/Mission 60000 Forest Lake Education Center 1275 Learning Loop Longwood FL 32779 None 501c3 Worthy Student Fund/PK Students & Teacher Assistant Salaries 25000 Georgia-Cumberland Academy 397 Academy Dr SW Calhoun GA 30701 None 501c3 Professional Development 5594 Georgia-Cumberland Academy 397 Academy Dr SW Calhoun GA 30701 None 501c3 Mission Trip to Lidice & Cerro Campana 25500 HHH Heroes Helping Heroes 4900 Mercantile Road Baltimore MD 21236 None 501c3 General Operating/Mission 18000 Homeless Children's Playtime Project 1525 Newton St NW Washington DC 20010 None 501c3 General Operating/Mission 15000 Homeless Children's Playtime Project 1525 Newton St NW Washington DC 20010 None 501c3 General Operating/Mission 20000 Homeless Prenatal Program 2500 18th St San Francisco CA 94110 None 501c3 General Operating/Mission 50000 Horizons Greater Washington 3000 Cathedral Avenue NW Washington DC 20008 None 501c3 General Operating/Mission 100 Horton's Kids 100 Maryland Avenue NE Suite 520 Washington DC 20002 None 501c3 Older Youth Program 25000 House of Ruth 5 Thomas Circle NW Washington DC 20005 None 501c3 General Operating/Mission 30 Illinois Conference of SDA 619 Plainfield Road Willowbrook IL 60528 None 501c3 Training and Resources for Research Based Practices for Special Needs Students 39998 Latino Student Fund P O Box 5403 Washington DC 20016 None 501c3 General Operating/Mission 20000 Liberty Seventh-day Adventist Church 5635 Eads St NE Washington DC 20019 None 501c3 Funeral Assistance 5000 Life Pieces to Masterpieces 603 50th St NW Washington DC 20019 None 501c3 General Operating/Mission 35000 Lighthouse Central Florida 215 E New Hampshire St Orlando FL 32804 None 501c3 Early Intervention Program 60000 Loyola High School 15325 Pinehurst St Detroit MI 48238 None 501c3 Mission Trip to Deer Lodge, Tennessee 7000 Make-A-Wish Foundation of the Mid-Atlantic 5272 River Road Suite 700 Bethesda MD 20816 None 501c3 General Operating/Mission 25 Maranatha Volunteer International 900 Reserve Drive Suite 100 Roseville CA 95678 None 501c3 EEC Buildings - Project 2 150000 Maranatha Volunteer International 900 Reserve Drive Suite 100 Roseville CA 95678 None 501c3 EEC Buildings - Project 5 228000 Maranatha Volunteer International 990 Reserve Drive Suite 100 Roseville CA 95678 None 501c3 Katima Mulilo School in Namibia 52500 Maret School 3000 Cathedral Avenue NW Washington DC 20008 None 501c3 Alumni Fund 100 Mount Michael Benedictine School 22520 Mount Michael Road Elkhorn NE 68022 None 501c3 Mission Trip to Puebla, Mexico 7245 Napa Valley Performing Arts Center PO Box 2675 Yountville CA 94599 None 501c3 Orchestra Institute Fellowship Program/Arts Access for Children 51150 NapaLearns 2121 Imola Avenue Napa CA 94559 None 501c3 Scholarship Fund for St. Helena Preschool for All 25000 National Academy of Sciences 500 Fifth St NW Washington DC 20001 None 501c3 Summer Internship Program 43006 National Breast Cancer Foundation 2600 Network Blvd Suite 300 Frisco TX 75034 None 501c3 In Memory of Debra Olko 10 National Organization of Concerned Black Men 1313 L St NW Suite 111 Washington DC 20005 None 501c3 SLAM (Saving Lives and Minds) Summer Camp 30000 National Science and Technology Education Partnership PO Box 9644 McLean VA 22102 None 501c3 StudyBudy Program 10000 Olney Adventist Prep School 4100 Olney-Laytonsville Road Olney MD 20832 None 501c3 Development of Data Systems for Academic, Maintenance and Financial Stability 19500 Olney Adventist Prep School 4100 Olney-Laytonsville Road Olney MD 20832 None 501c3 Olney Adventist Prep School - Project 1 10025 Our Lady Queen of Poland Parish 9700 Rosensteel Avenue Silver Spring MD 20910 None 501c3 General Operating/Mission 100 Pacific Union College 1 Angwin Avenue Angwin CA 94508 None 501c3 Psi Chi Chapter for student research 5000 Pacific Union College Church PO Box 297 Angwin CA 94508 None 501c3 Red School House Fund 10000 Passion for Learning 1210 Woodside Parkway Silver Spring MD 20910 None 501c3 General Operating/Mission 15000 Pathways LA 3550 W 6th St Suite 500 Los Angeles CA 90020 None 501c3 Early Learning for School Success 30000 Planned Parenthood Federation of America 434 West 33rd St New York NY 10001 None 501c3 General Operating/Mission 100 Plymouth Housing Group 2113 3rd Avenue Seattle WA 98121 None 501c3 General Operating/Mission 125 Saint Francis Neighborhood Center Corporation 2405 Linden Avenue Baltimore MD 21217 None 501c3 Power Project After School Program 20000 Saint Martin De Porres HS 6111 Lausche Avenue Cleveland OH 44103 None 501c3 Professional Development 2749 Saint Martin De Porres HS 6111 Lausche Avenue Cleveland OH 44103 None 501c3 Mission Trip to Salem, West Virginia 2975 Saint Martin De Porres HS 6111 Lausche Avenue Cleveland OH 44103 None 501c3 Mission Trip to New Orleans, Louisiana 4406 Sandy Spring Friends School 16923 Norwood Road Sandy Spring MD 20860 None 501c3 The Preuss Global Citizens Fund 1000 Scholarship America - Fulfilling the Dream Fund 9710 Traville Gateway Drive Rockville MD 20850 None 501c3 Fulfilling the Dream Southeast 67 Scholarship Fund 10000 Seattle Humane Society 13212 SE Eastgate Way Bellevue WA 98005 None 501c3 General Operating/Mission 200 Share our Strength 1030 15th St NW Washington DC 20005 None 501c3 Cooking Matters Program 50000 Shaw Community Ministry 1701 11th St NW Washington DC 20001 None 501c3 General Operating/Mission 25000 Shenandoah Valley Academy 234 West Lee Highway New Market VA 22844 None 501c3 Hiring a Fundraising Director 30000 Shenandoah Valley Academy 234 West Lee Highway New Market VA 22844 None 501c3 Worthy Student Aid 75000 Shenandoah Valley Academy 234 West Lee Highway New Market VA 22844 None 501c3 Professional Development 1441 Solid Ground Washington 1501 North 45th St Seattle WA 98103 None 501c3 General Operating/Mission 125 Some (So Others Might Eat) 71 O Street NW Washington DC 20001 None 501c3 General Operating/Mission 35 Sport Association of Gaithersburg 10 Brooks Ave Gaithersburg MD 20877 None 501c3 General Operating/Mission 5000 St Jude Children's Research Hospital 501 St Jude Place Memphis TN 38105 None 501c3 General Operating/Mission 217 STAR School 145 Leupp Road Flagstaff AZ 86004 None 501c3 General Operating/Mission 2500 Takoma Academy 8120 Carroll Avenue Takoma Park MD 20912 None 501c3 Mission Trip to San Jose, Costa Rica 48825 Takoma Academy 8120 Carroll Avenue Takoma Park MD 20912 None 501c3 Professional Development 5848 Takoma Academy 8120 Carroll Avenue Takoma Park MD 20912 None 501c3 Technical Assistance and Training 1150 The Wiley Center for Speech & Language Development 5761 Buckingham Parkway Culver City CA 90230 None 501c3 Early Intervention Program 10000 Trauma Center at Justice Resource Institute 1269 Beacon St Brookline MA 02446 None 501c3 Study of Sensory Motor Systems in Traumatized Children 27500 Union College 3800 S 48th St Lincoln NE 68506 None 501c3 General Operating/Mission 100 University of Western Ontario 1393 Western Road Suite 5175 London Ontario CA N6G1G9 None 501c3 Study of Functional Neuroanatomy of Bilateral Eye Movements during Trauma 20000 Upper Columbia Academy 3025 East Spangle-Waverly Road Spangle WA 99031 None 501c3 Professional Development 2502 Upper Columbia Academy 3025 East Spangle-Waverly Road Spangle WA 99031 None 501c3 Support a School Counselor and College Career Prep Program 33000 Washington Adventist University 7600 Flower Avenue Takoma Park MD 20912 None 501c3 Development of a K-12 Educational Model and Strategic Plan 11298 Washington Environmental Council 1402 3rd Avenue Suite 1400 Seattle WA 98101 None 501c3 People for the Puget Sound 100 Whitman-Walker Clinic 1701 14 St NW Washington DC 20009 None 501c3 General Operating/Mission 100 World Wildlife Fund 1250 24th St NW Washington DC 20037 None 501c3 Serve Trust Ministries: Rock Crushers School, School of Joy and Carecenter Orphanage 125 Wounded Warrior Project PO Box 758517 Topeka KS 66675 None 501c3 General Operating/Mission 25 Yale University PO Box 803 New Haven CT 06503 None 501c3 Yale Alumni Fund 100 Young Playwright's Theater 2437 15th St NW 3rd Floor Washington DC 20009 None 501c3 Summer Playwriting Program 20000 Youth Professional Development 9500 Annapolis Road Suite C3 Lanham MD 20706 None 501c3 General Operating/Mission 22000 3471478 Allegheny East Conference 767 Douglass Drive Boyertown PA 19512 None 501c3 Baltimore Junior Academy Renovation 774361 Maranatha 900 Reserve Drive Suite 100 Roseville CA 95678 None 501c3 EEC Buildings - Project 2 130000 Maranatha 900 Reserve Drive Suite 100 Roseville CA 95678 None 501c3 EEC Buildings - Project 5 20000 Olney Adventist Prep School 4100 Olney-Laytonsville Road Olney MD 20832 None 501c3 Olney Adventist Preparatory School - Project 1 28529 Shenandoah Valley Academy 234 West Lee Highway New Market VA 22844 None 501c3 Fundraising Director 10000 Upper Columbia Academy 3025 East Spangle-Waverly Road Spangle WA 99031 None 501c3 Support a School Counselor and College Career Prep Program 33000 995890 14 10889 14 5232602 14 322768 18 9727954 0 15294213 0 15294213 0 0 0 0 0 0 0 0 0 0 X X 1 Bruce Bainum 7735 Old Georgetown Road Suite 1000 Bethesda MD 20814 6853725 X 2 Bruce Bainum 7735 Old Georgetown Road Suite 1000 Bethesda MD 20814 3146275 X X 3 Rose-Marie and Jack R Anderson Fnd 16475 Dallas Parkway 735 Addison TX 75001 25000 X 4 Jane Bainum 7735 Old Georgetown Road Suite 1000 Bethesda MD 20814 3000000 X 5 Stewart Bainum Declaration of Trust 7735 Old Georgetown Road Suite 1000 Bethesda MD 20814 304072104 X 2 55,000 Shs of CHH Stock 3146275 2014-12-19 5 Distribution from estate of receivables, real property, cash, securities and other assets. 304072104 2015-06-30 Accounting 76798 0 0 76885 Transactions qualifying for self-dealing exception Form 990-PF, Part VIII-B During the year ended June 30, 2015, the Foundation was involved in certain transactions which qualify under the self-dealing exceptions described in Treasury Regulation 53.4941(d)-3.During fiscal year 2015, the Foundation paid $44,847 for accounting professional services to Realty Investment Company, Inc., (Realty) a corporation controlled by the Principal Sponsors and their family. This is conducted under a cost sharing arrangement as allowed under current tax regulations. Reduction Explanation Statement Part X, Line 1e Choice Hotels International Stock: The Principal Sponsors, their descendants and related entities (Family) own a controlling interest in Choice Hotels International (CHH). Given the Family's history with the company, their 42.3% ownership interest in CHH, and the fact that the CEO and several Directors of the Foundation are affiliates of CHH for Securities and Exchange Commission (SEC) Rule 144 purposes, the Foundation has also been treated as an affiliate. As a result, Rule 144 imposes restrictions on the method of the sales as well as restricting the volume of the shares sold in any 90-day period to no more than 1% of CHH stock. Due to these transferability restrictions, the fair value of the CHH stock as of June 30, 2014 was based on the quoted closing market price with an adjustment for restricted marketability. During fiscal year 2015, the Foundation's CHH stock ownership decreased to below 1% of the CHH stock. Therefore, the CHH stock fair value measurement as of June 30, 2015 is based on the quoted market price without discount. Corporate fixed income 2096865 2096865 Choice Hotels International CHH stock 21007607 21007607 Preferred stock 18468160 18468160 Other stock holdings 5977983 5977983 Investment in limited partnerships FMV 48607444 48607444 Mutual funds FMV 87611765 87611765 Fixed income securities FMV 96586475 96586475 Computer hardware 378947 228948 149999 149999 Furniture and equipment 473658 102038 371620 371620 Telephone system 41973 14773 27200 27200 Computer software 738570 384846 353724 353724 Office expansion 841809 92049 749760 749760 Land 874057 0 874057 874057 Legal 118653 22283 22283 96572 Accrued interest/dividend receivable 337198 313813 313813 Bequest receivable 0 148365375 148365375 Federal excise tax receivable 0 200025 200025 Unrealized loss on investments 7662215 Bank fees 11693 11301 11301 392 Equipment and maintenance 54297 359 359 60452 Licensing and subscription 132323 5070 5070 121445 Staff recruiting 123830 109 109 111820 Insurance 54415 0 0 62060 Office move 34695 0 0 34695 Office supplies 41508 120 120 41617 Postage and delivery 7786 636 636 7803 Student expenses 128471 0 0 129875 Telephone 39271 0 0 22623 School Enhancement Contracts 1589755 0 0 610738 Summer programs 503738 0 0 495465 Scholarships 2635674 0 0 2579277 Miscellaneous 3390 0 0 3161 Allocated corporate general and administrative 0 189328 189328 -189328 Allen Global Partners K-1 322768 322768 322768 Deferred federal excise tax payable 589852 310485 Federal excise tax payable 123650 0 Other professional fees 2140466 7661 7661 1804095 Investment fees 200831 200831 200831 0 Stewart Bainum Jr 17267698 17655924 2014-09 2023-09 Annual interest payments, balloon payment at maturity 2.860000000000 Personal guarantee Purchase of estate assets under exception provisions in 53.4941(d)-3 Estate assets 17267698 Scott A Renschler 1165050 1191243 2014-09 2023-09 Annual interest payments, balloon payment at maturity 2.860000000000 Personal guarantee Purchase of estate assets under exception provisions in 53.4941(d)-3 Estate assets 1165050 Bruce D Bainum 17449670 17680273 2015-01 2024-01 Annual interest payments, balloon payment at maturity 2.750000000000 Personal guarantee Purchase of estate assets under exception provisions in 53.4941(d)-3 Estate assets 17449670 Todd Renschler 540900 548007 2015-01 2024-01 Annual interest payments, balloon payment at maturity 2.750000000000 Personal guarantee Purchase of estate assets under exception provisions in 53.4941(d)-3 Estate assets 540900 Brian B Bainum 513855 520606 2015-01 2024-01 Annual interest payments, balloon payment at maturity 2.750000000000 Personal guarantee Purchase of estate assets under exception provisions in 53.4941(d)-3 Estate assets 513855 Bonfire Investors LLC 4356674 4413916 2015-01 2024-01 Annual interest payments, balloon payment at maturity 2.750000000000 Personal guarantee Purchase of estate assets under exception provisions in 53.4941(d)-3 Estate assets 4356674 See Statement 25 Federal excise tax 176959 0 0 780000