2014-11-14T14:37:47-06:00 2014-06-30 BKD LLP 211 N BROADWAY SUITE 600 ST LOUIS MO 631022733 990 2013-07-01 376024575 Southern Illinois University Foundation % STEPHEN A NAGLE SOUT 6184534900 1235 Douglas Dr Suite Carbondale IL 62901 JAMES G SALMO CHIEF EXECUTIVE OFFICER 6184534900 2014-11-04 true Troy A Lindsey P01041237 6184534900 2013 2015-11-30 17:44:51Z JAMES G SALMO 1235 DOUGLAS DR CARBONDALE IL 62901 78265994 false X WWW.SIUF.ORG X 1942 IL PROVIDING PRIVATE SUPPORT FOR THE MISSION OF SOUTHERN ILLINOIS OF SOUTHERN ILLINOIS UNIVERSITY AND THE POPULATION IT SERVES. 24 22 134 500 -4906 0 4451814 8927353 69331 85234 5648601 15508656 646028 1056790 10815774 25578033 7554864 7961751 0 0 251649 249530 0 0 1083060 3003817 3357674 10810330 11568955 5444 14009078 158318319 179083388 5778310 6016291 152540009 173067097 X THE MISSION OF THE SOUTHERN ILLINOIS UNIVERSITY FOUNDATION IS TO PROVIDE ALUMNI AND OTHER FRIENDS A MEANS TO INVEST IN THE FUTURE OF OTHERS BY PROVIDING PRIVATE SUPPORT FOR THE ACADEMIC, RESEARCH AND PUBLIC SERVICE MISSION OF SOUTHERN ILLINOIS UNIVERSITY AND THE POPULATION IT SERVES. false false 3473742 2629200 0 ACADEMIC AND RESEARCH SUPPORT: FUND ACTIVITIES THAT BENEFIT ACADEMIC AND RESEARCH ACTIVITIES OF THE UNIVERSITY AND THE INDIVIDUALS IT SERVES. 2718003 2104187 85234 UNIVERSITY AND COMMUNITY PROGRAMS: FUND ACTIVITIES THAT BENEFIT RELATED PUBLIC SERVICE PROGRAMS OF THE UNIVERSITY AND THE INDIVIDUALS IT SERVES. 3262433 3228363 0 STUDENT ASSISTANCE: PROVIDE SCHOLARSHIPS AND OTHER AWARDS PROGRAMS TO ASSIST INDIVIDUALS IN ACADEMIC EXCELLENCE: ALSO, GRANTING FUNDS TO SOUTHERN ILLINOIS UNIVERSITY FOR THE PURPOSE OF PROVIDING STUDENT LOANS. 9454178 true true false true false false false true true true true true false false true true true true false false true false true false true true false true true true false false false false false false false false true true false false false true false false false true 78 0 true 134 true true true false false false false true true false false false false X 24 22 false false false false false false false true true false false false true true true true true true false false AK CA IL KY MD MA MI MN NH NJ NY OK OR SC UT WI X X X STEPHEN A NAGLE 6184534900 1235 DOUGLAS DR Carbondale IL 62901 X JOHN G BENITEZ DIRECTOR 1.0 0.0 X 0 0 0 RITA CHENG CHANCELLOR - SIU CARBONDALE 4.0 40.0 X 0 400216 53213 SEAN T BOSTON DIRECTOR 1.0 0.0 X 0 0 0 MARCIA L BULLARD DIRECTOR 2.0 0.0 X 0 0 0 DIANE R COMPARDO DIRECTOR 1.0 0.0 X 0 0 0 GREG N COOK DIRECTOR 2.0 0.0 X 0 0 0 CLARENCE C COPPING DIRECTOR 1.0 0.0 X 0 0 0 G DAVID DELANEY DIRECTOR 1.0 0.0 X 0 0 0 WILLIAM F HARTMANN DIRECTOR 2.0 0.0 X 0 0 0 RANDY J DUNN PRESIDENT - SIU 0.5 10.0 X 0 0 0 KENNETH J HULL DIRECTOR 1.0 0.0 X 0 0 0 MARVIN K KAISER DIRECTOR 1.0 0.0 X 0 0 0 MICHAEL KASSER DIRECTOR 1.0 0.0 X 0 0 0 DANIEL G KORTE DIRECTOR 1.0 0.0 X 0 0 0 CAMILLE W LOGAN DIRECTOR 1.0 0.0 X 0 0 0 WILLIAM R LYMANGOOD JR DIRECTOR 1.0 0.0 X 0 0 0 DONNA L MANERING DIRECTOR 0.5 0.0 X 0 0 0 F LYNN MCPHEETERS DIRECTOR 2.0 0.0 X 0 0 0 MARY K MOORE DIRECTOR 2.0 0.0 X 0 0 0 WILLIE PEARSON JR DIRECTOR 1.0 0.0 X 0 0 0 GLENN W POSHARD PRESIDENT - SIU 0.5 10.0 X 0 413731 5999 SUSAN W RASHID DIRECTOR 2.0 0.0 X 0 0 0 MATTHEW SOLVERSON DIRECTOR 1.0 0.0 X 0 0 0 HOWARD M SPIEGEL DIRECTOR 2.0 0.0 X 0 0 0 ROGER B TEDRICK DIRECTOR 2.0 0.0 X 0 0 0 ELIZABETH A BANYCKY TREASURER 48.0 0.0 X 0 103074 34064 BARBARA BOGARD CORPORATE SECRETARY 15.0 33.0 X 0 52985 15969 PATRICIA M MOLINE DIRECTOR OF DEVELOPMENT 35.0 11.0 X 0 84573 19501 JAMES G SALMO CHIEF EXECUTIVE OFFICER 43.0 7.0 X 0 182517 38017 BETH L MOHLENBROCK EXECUTIVE DIRECTOR 43.0 0.0 X 0 102971 34050 DEBORAH A CASE DIR OF DEVELOPMENT- MED SCHOOL 38.0 0.0 X 0 100050 11653 0 1440117 212466 0 false true false ELLUCIAN COMPANY INC 14083 COLLECTIONS CTR DR CHICAGO IL 60693 PROGRAMMING 139347 1 1193 245 551114 0 10247 8364554 461208 8927353 SUPPLEMENT PAYMENT FROM SIU 900099 56509 56509 ENDOWMENT ADMIN FEE FROM AGENCY 900099 28325 28325 MEMBERSHIP 900099 400 400 85234 3357912 15616 3342296 0 5520 5520 7631 487 7144 0 7144 7144 64655473 52504729 12150744 12150744 -20522 12171266 139860 551114 171816 -31956 -31956 29281 10929 18352 18352 2701 2701 2701 ACTUARIAL ADJUSTMENT 900099 869826 869826 PREMIUMS 900099 109361 109361 ALUMNI ASSOCIATION SUPPORT 900099 50000 50000 25842 25842 1055029 25578033 85234 -4906 16570352 X 5681050 5681050 2196125 2196125 84576 84576 0 0 0 210510 39916 170594 0 20933 8447 10812 1674 18087 3432 14655 0 34603 34603 37703 37703 0 0 292849 292849 479538 237644 138640 103254 102248 16155 13393 72700 655723 227254 172079 256390 230773 9773 69272 151728 0 101059 35168 53726 12165 317976 143557 19671 154748 121 121 580705 417016 18790 144899 0 0 461542 357125 104417 28037 6578 21459 PREMIUM ITEMS FOR SALE 33589 33589 MISCELLANEOUS 1208 955 253 11568955 9454178 1031717 1083060 1050 1950 414464 295221 9280938 7005562 185760 284421 0 0 0 0 0 0 3191 13796 51925 100306 1809136 873858 927036 935278 129632641 142635260 15561332 25806654 0 0 1562426 1205301 697556 799639 158318319 179083388 208162 215549 0 0 0 0 0 0 2091317 2784267 0 0 0 0 0 0 3478831 3016475 5778310 6016291 X 10382103 14609917 63618961 75658742 78538945 82798438 152540009 173067097 158318319 179083388 X 14009078 7664407 3749 -1150146 X false true X true false X 11662495 11477686 8056397 4453454 8927753 44577785 0 59696 45448 45363 44838 45659 241004 11722191 11523134 8101760 4498292 8973412 44818789 364373 44454416 3053884 3168822 2924639 3140796 3354385 15642526 4150 4150 529285 1258260 -85453 440473 895668 3038233 63503698 27263475 0.70003 0.78191 X SCHEDULE A, PART II, LINE 10 ACTUARIAL ADJUSTMENT, OTHER INCOME. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 11568955 11568955 728448 182112 719567 698865 690517 728448 2837397 4256096 0 0 0 0 0 179892 174716 172629 182112 709349 1064024 0 0 0 0 0 225882 X HELD FOR INVESTMENT PURPOSES true false true X 102454090 7480143 18410705 1529065 1237714 1989502 123588657 92870082 1568271 12812068 1481182 1979413 1335736 102454090 95920744 2614151 -1057323 1426510 1829347 1351633 92870082 76174251 5389837 18645076 615999 2434209 1238212 95920744 64876820 2935454 11741130 0 2097686 1281467 76174251 0.02940 0.94520 0.02540 false false 400750 315672 716422 60000 60000 22921 22921 1009793 873858 135935 935278 HEDGE FUNDS 3346070 F PRIVATE EQUITY 5262819 F LEVERAGED LOANS 6704884 F DISTRESSED DEBT 902293 F ALTERNATIVE STRATEGIES 9590588 F 25806654 0 TRUST AND ANNUITIES PAYABLE 3016475 3016475 38375692 7664407 3749 5422352 13090508 25285184 292849 292849 25578033 17848609 6572503 6572503 11276106 292849 292849 11568955 SCHEDULE D, PART III, LINE 4 DONATED ARTWORK TO HELP BENEFIT THE STUDENT SCHOLARSHIP PROGRAM. SCHEDULE D, PART IV, LINE 2B THE FOUNDATION ENTERED INTO AN AGREEMENT WITH SOUTHERN ILLINOIS UNIVERSITY TO ADMINISTER AS AGENCY FUNDS ANY ENDOWMENT FUNDS RECEIVED BY THE UNIVERSITY. SCHEDULE D, PART V, LINE 4 SCHOLARSHIPS, RESEARCH, INSTRUCTION, LOANS, CAPITAL PROJECTS, AND OTHER. SCHEDULE D, PART X, LINE 2 THE INTERNAL REVENUE SERVICE HAS RECOGNIZED THE FOUNDATION AS EXEMPT FROM INCOME TAXES UNDER PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FOUNDATION FOLLOWS THE ACCOUNTING GUIDANCE FOR ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE FOUNDATION IS SUBJECT TO FEDERAL AND STATE INCOME TAXES TO THE EXTENT IT HAS UNRELATED BUSINESS INCOME. IN ACCORDANCE WITH THE GUIDANCE FOR UNCERTAINTY IN INCOME TAXES, MANAGEMENT HAS EVALUATED THEIR MATERIAL TAX POSITIONS AND DETERMINED THAT THERE ARE NO INCOME TAX EFFECTS WITH RESPECT TO ITS FINANCIAL STATEMENTS. THE FOUNDATION IS NO LONGER SUBJECT TO EXAMINATION BY FEDERAL OR STATE AUTHORITIES FOR YEARS ENDING BEFORE JUNE 30, 2011 NOR HAS THE FOUNDATION BEEN NOTIFIED OF ANY IMPENDING EXAMINATION AND NO EXAMINATIONS ARE CURRENTLY IN PROCESS. SCHEDULE D, PART XI, LINE 2D RELATED ENTITY TRANSACTIONS 5,239,121 FUNDRAISING EVENT EXPENSES 171,816 GAMING EXPENSES 10,929 RENTAL EXPENSES 487 ROUNDING (1) ---------- TOTAL 5,422,353 SCHEDULE D, PART XII, LINE 2D RELATED ENTITY TRANSACTIONS 5,239,121 BAD DEBT EXPENSES 1,150,147 FUNDRAISING EVENT EXPENSES 171,816 GAMING EXPENSES 10,929 RENTAL EXPENSES 487 ROUNDING 3 ---------- TOTAL 6,572,503 true Central America and the Caribbean Investments 12489306 East Asia and the Pacific Program Services TRAVEL 1204 Europe (Including Iceland and Greenland) Program Services TRAVEL 12457 12502967 12502967 SCHOLARSHIPS Central America and the Caribbean 2 6470 CHECK TO SIU SCHOLARSHIPS East Asia and the Pacific 18 38797 CHECK TO SIU SCHOLARSHIPS Europe (Including Iceland and Greenland) 5 4658 CHECK TO SIU SCHOLARSHIPS Middle East and North Africa 2 5500 CHECK TO SIU SCHOLARSHIPS South America 5 4988 CHECK TO SIU SCHOLARSHIPS South Asia 4 5313 CHECK TO SIU SCHOLARSHIPS Sub-Saharan Africa 7 18850 CHECK TO SIU true false true true true false SCHEDULE F, PART I, LINE 2 ALL SCHOLARSHIPS ARE PLACED DIRECTLY IN THE INDIVIDUAL'S BURSAR'S ACCOUNT TO PAY FOR TUITION, FEES, HOUSING, ETC. IF A STUDENT DROPS BEFORE DATE TO GET REFUND, THEN SCHOLARSHIPS ARE RETURNED TO SOUTHERN ILLINOIS UNIVERSITY FOUNDATION. DENIM & DIAMOND 216320 184006 32314 0 0 880 31136 0 0 CHANCELLOR GOLF 81075 77635 3440 0 0 3002 1459 0 0 20 380672 282126 98546 0 16688 64220 50612 0 396 678067 543767 134300 0 16688 68102 83207 0 396 168393 -34093 29281 0 10309 0 620 true 0.90000 29281 0 10309 0 620 10929 18352 IL MO false THE ORGANIZATION ACQUIRES LICENSES, WHEN APPLICABLE, TO OPERATE GAMING ACTIVITIES WITHIN ILLINOIS. A GAMING LICENSE WAS NOT REQUIRED IN MISSOURI BECAUSE THE GAMING ACTIVITY CONDUCTED WAS WITHIN THE LIMITS PERMITTED BY APPLICABLE MISSOURI LAW, WHICH PERMITS CERTAIN CHARITABLE RAFFLES AND SWEEPSTAKES WITHOUT LICENSURE. false true false 0.00000 1.00000 STEPHEN A NAGLE 1235 DOUGLAS DRIVE CARBONDALE IL 62901 false STEPHEN A NAGLE 0 MONITOR NEEDED LICENSES AND REPORTING X false true SOUTHERN ILLINOIS UNIVERSITY CARBONDALE 1265 LINCOLN DRIVE CARBONDALE IL 62901 376005961 501(C)(3) 5530023 PROGRAM ACTIVITIES SOUTHERN ILLINOIS UNIVERSITY CARBONDALE 1265 LINCOLN DRIVE CARBONDALE IL 62901 376005961 501(C)(3) 120426 FAIR MARKET VALUE EQUIPMENT PROGRAM ACTIVITIES AMERICAN HEART ASSOCIATION 2524 FARRAGUT DR SPRINGFIELD IL 62704 231591999 501(C)(3) 15000 SPONSORSHIP OF EVENT 2 SCHOLARSHIPS AND FELLOWSHIPS 1173 2178657 NON-SCHOLARSHIP GRANTS AND AWARDS 49 15544 NON-CASH AWARDS 6 1924 COST SUPPLIES SCHEDULE I, PART I, LINE 2 ALL SCHOLARSHIPS ARE PLACED DIRECTLY IN THE INDIVIDUAL'S BURSAR'S ACCOUNT TO PAY FOR TUITION, FEES, HOUSING, ETC. IF A STUDENT DROPS BEFORE DATE TO GET REFUND, THEN SCHOLARSHIPS ARE RETURNED TO SIU FOUNDATION. false false false false false false false false false RITA CHENG CHANCELLOR - SIU CARBONDALE 0 400216 0 0 0 0 0 32857 0 20356 0 453429 0 0 GLENN W POSHARD PRESIDENT - SIU 0 413731 0 0 0 0 0 0 0 5999 0 419730 0 0 JAMES G SALMO CHIEF EXECUTIVE OFFICER 0 182517 0 0 0 0 0 15576 0 22441 0 220534 0 0 SCHEDULE J, PART I, LINE 3 THE CEO'S COMPENSATION IS DETERMINED BY THE SOUTHERN ILLINOIS UNIVERSITY SYSTEM, A RELATED ORGANIZATION. THE SOUTHERN ILLINOIS UNIVERSITY FOUNDATION PROVIDES THE FOLLOWING SUPPORT TO THE SOUTHERN ILLINOIS UNIVERSITY CHANCELLOR TO DETERMINE THE CEO'S COMPENSATION: 1. COMPENSATION COMMITTEE, 2. COMPENSATION SURVEYS OR STUDIES, 3. APPROVAL BY THE BOARD OF DIRECTORS. X 124 38625 SALES PRICE X 632 SALES PRICE X 30812 SALES PRICE X 16 98298 AVERAGE SALES PRICE X 1 101250 APPRAISAL X 7 1556 SALES PRICE X 214 25772 SALES PRICE X AUCTION ITEMS 46 58120 SALES PRICE X INT IN CHARITABLE TRUST 1 54435 ACTUARIAL X LIFE INSURANCE 15 22249 ACTUAL COST X OTHER 34 29459 SALES PRICE 0 false true false SCHEDULE M, PART I, COLUMN B THE AMOUNTS LISTED IN COLUMN B REPRESENT THE NUMBER OF NON-CASH CONTRIBUTIONS THAT WERE RECEIVED BY THE ORGANIZATION DURING THE YEAR. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE SHALL BE COMPRISED OF NOT FEWER THAN EIGHT OR MORE THAN ELEVEN ELECTED DIRECTORS AS NOMINATED ANNUALLY BY THE COMMITTEE ON DIRECTORS AND APPROVED BY THE BOARD. THE COMMITTEE WILL INCLUDE THE PRESIDENT, PRESIDENT ELECT, AUDIT COMMITTEE CHAIR, INVESTMENT COMMITTEE CHAIR, DEVELOPMENT COMMITTEE CHAIR AND THE BOARD OF TRUSTEES REPRESENTATIVE. ADDITIONALLY, THE PRESIDENT OF THE SOUTHERN ILLINOIS UNIVERSITY SYSTEM AND THE CHANCELLOR OF SOUTHERN ILLINOIS UNIVERSITY CARBONDALE SHALL BE EX-OFFICIO MEMBERS OF THE COMMITTEE, WITHOUT VOTE. THE EXECUTIVE COMMITTEE CONDUCTS THE NECESSARY BUSINESS OF THE FOUNDATION WHEN THE BOARD OF DIRECTORS IS NOT IN SESSION. THE BOARD DELEGATES POWER TO THE EXECUTIVE COMMITTEE AS APPROPRIATE, THOSE POWERS TO BE EXERCISED ONLY IN CONSONANCE WITH POLICIES EARLIER ESTABLISHED BY THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B AFTER MANAGEMENT REVIEW, THE PUBLIC INSPECTION COPY OF THE FORM 990 WAS SENT TO MEMBERS OF THE BOARD'S AUDIT COMMITTEE FOR REVIEW. IN ADDITION, THE PUBLIC INSPECTION COPY OF THE FORM 990 WAS FORWARDED TO THE GOVERNING BODY BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C AN INTERESTED PERSON DISCLOSES ANY FINANCIAL INTEREST AND ALL MATERIAL FACTS RELATING THERETO TO THE BOARD OR COMMITTEE AS SOON AS THE INTERESTED PERSON BECOMES AWARE OF A POSSIBLE CONFLICT OF INTEREST. UPON THE DISCLOSURE BY AN INTERESTED PERSON OF A FINANCIAL INTEREST AND ALL MATERIAL FACTS RELATING THERETO AND DISCUSSION WITH THE INTERESTED PERSON, HE OR SHE LEAVES THE MEETING WHILE THE REMAINING MEMBERS OF THE BOARD OR COMMITTEE DISCUSS THE MATTER AND DETERMINE, BY MAJORITY VOTE WITHOUT THE INTERESTED PERSON VOTING, WHETHER OR NOT THE FINANCIAL INTEREST OF THE INTERESTED PERSON CONSTITUTES A CONFLICT OF INTEREST. IF A CONFLICT IS DETERMINED TO EXIST, THE BOARD OR COMMITTEE: 1. REQUIRES THE INTERESTED PERSON TO LEAVE THE MEETING DURING THE DISCUSSION OF AND THE VOTE ON THE TRANSACTION THAT RESULTS IN THE CONFLICT; PROVIDED, HOWEVER THAT THE INTERESTED PARTY MAY MAKE A PRESENTATION AT THE MEETING PRIOR TO LEAVING, 2. APPOINTS, IF DEEMED APPROPRIATE, A NON-INTERESTED PARTY TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION, 3. DETERMINES, BY MAJORITY VOTE WITHOUT THE INTERESTED PERSON VOTING, WHETHER THE TRANSACTION IS IN THE ORGANIZATION'S BEST INTEREST, IS FOR THE ORGANIZATION'S OWN BENEFIT AND IS FAIR AND REASONABLE TO THE ORGANIZATION. THE POLICY APPLIES TO ANY TRANSACTION OR ARRANGEMENT BETWEEN THE ORGANIZATION AND ANY INTERESTED PERSON. AN INTERESTED PERSON IS A DIRECTOR, OFFICER OR MEMBER OF A COMMITTEE WITH BOARD-DELEGATED POWERS WHO HAS A DIRECT OR INDIRECT FINANCIAL INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE CEO EVALUATION AND COMPENSATION COMMITTEE EVALUATES THE CEO BASED ON A SET OF IDENTIFIED GOALS AND EXPECTATIONS. THE COMMITTEE MEETS WITH THE CEO TO REVIEW THESE GOALS AND EXPECTATIONS. THE COMMITTEE THEN RECOMMENDS A SALARY BASED ON COMPARATIVE DATA TO THE CHANCELLOR OF THE UNIVERSITY. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART VII, SECTION A, LINE 1A GLENN W. POSHARD WAS A DIRECTOR THROUGH APRIL 30, 2014. RANDY J. DUNN REPLACED HIM AS A DIRECTOR ON MAY 1, 2014. DEBORAH A. CASE WAS EMPLOYED THROUGH JANUARY 31, 2014. FORM 990, PART IX, LINE 9 OTHER EMPLOYEE BENEFITS LISTED AS PROGRAM SERVICE EXPENSES: RECRUITMENT/MOVING EXP. FOR EMPLOYEES OF RELATED ORG. $ 3,000 EMPLOYEE (AND RETIREMENT) GIFTS AND PARTIES FOR EMPLOYEES OF RELATED ORG. 5,447 ------- TOTAL PROGRAM SERVICES EMPLOYEE BENEFITS $ 8,447 OTHER EMPLOYEE BENEFITS LISTED AS MANAGEMENT & GENERAL EXPENSES: RECRUITMENT/MOVING EXP. FOR EMPLOYEES OF RELATED ORG. WORKING FOR THE FOUNDATION $10,812 FORM 990, PART XI, LINE 9 BAD DEBT EXPENSE (1,150,147) ROUNDING 1 TOTAL (1,150,146) SOUTHERN ILLINOIS UNIVERSITY CARBONDALE 1265 LINCOLN DRIVE CARBONDALE IL 62901 376005961 UNIVERSITY IL 501(C)(3) 6 NA false CHARITABLE REMAINDER TRUSTS (6) INVESTMENT TRUST false true true false false false false false false true true true true true true true false true false SCHEDULE R, PART IV COLUMN C FIVE OF THE TRUSTS ARE DOMICILED IN ILLINOIS; ONE OF THE TRUSTS IS DOMICILED IN MASSACHUSETTS COLUMN D THE SOUTHERN ILLINOIS UNIVERSITY FOUNDATION IS TRUSTEE OF EACH TRUST, THE GRANTOR OF ONE TRUST IS A CO-TRUSTEE WITH THE SOUTHERN ILLINOIS UNIVERSITY FOUNDATION ON THAT TRUST, THE TRUSTEES OF EACH TRUST CONTROL THAT TRUST.