2013-01-15T15:55:05-06:00 2012-06-30 351178661 BLUE & CO LLC 106 COMMUNITY DR SEYMOUR IN 47274 990 2011-07-01 351872803 LEGACY FOUNDATION INC LEGA 2197361880 1000 E 80TH PLACE NO 402 N MERRILLVILLE IN 46410 HARRY J VANDE VELDE III 2197361880 2013-01-08 1 KANDY L WISCHMEIER CPA P00118327 8125228416 2013-01-08 2011 2016-02-25 16:41:14Z X HARRY J VANDE VELDE III 1000 E 80TH PLACE NO 402 N MERRILLVILLE IN 46410 18805551 0 X WWW.LEGACYFOUNDATIONLAKECO.ORG X 1992 IN THE LEGACY FOUNDATION, INC. WILL SEEK AND ACCEPT ENDOWMENTS FROM PUBLIC AND PRIVATE SOURCES AND DISTRIBUTE GRANTS FOR COMMUNITY ENHANCING PROJECTS AND OTHER CHARITABLE PURPOSES. 24 24 10 100 0 0 2670560 4934200 0 0 2275156 1386930 13315 25485 4959031 6346615 1898314 1702407 0 0 342721 344662 0 0 210224 518568 471708 2759603 2518777 2199428 3827838 39793836 41840679 11123719 11680080 28670117 30160599 THE LEGACY FOUNDATION, INC. WILL SEEK AND ACCEPT ENDOWMENTS FROM PUBLIC AND PRIVATE SOURCES AND DISTRIBUTE GRANTS FOR COMMUNITY ENHANCING PROJECTS AND OTHER CHARITABLE PURPOSES. 0 0 2012848 1702407 25485 LEGACY FOUNDATION PROVIDED TOTAL GRANTS IN 2012 EXCEEDING $1,700,000. OPERATIONAL SUPPORT WAS PROVIDED FOR START UP AND ONGOING OPERATIONS. THIS INCLUDED AMOUNTS FOR EQUIPMENT, SUPPLIES, PROGRAMMING AND SERVICES TO SEVERAL CHARITABLE ORGANIZATIONS. COLLEGE SCHOLARSHIPS WERE AWARDED FOR INDIVIDUALS. LEGACY FOUNDATION AWARDED SCHOLARSHIPS TO 243 INDIVIDUALS TO ASSIST WITH POST-SECONDARY EDUCATION COSTS FOR A TOTAL OF $378,838. 2012848 1 1 0 0 0 1 0 0 1 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 6 0 1 10 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 24 24 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IN X X HARRY J VANDE VELDE III 2197361880 1000 E 80TH PLACE NO 402 N MERRILLVILLE IN 46410 ROBERT NICKOVICH 1.00 X X 0 0 0 NANCY L CLIFFORD 1.00 X X 0 0 0 AMY HAN 1.00 X X 0 0 0 KENNETH KRUPINSKI CPA 1.00 X X 0 0 0 MARGOT CLARK 1.00 X 0 0 0 DAVE AUSTGEN 1.00 X 0 0 0 DAVID BOCHNOWSKI 1.00 X 0 0 0 CORNELIA A BROWN 1.00 X 0 0 0 HOWARD COHEN 1.00 X 0 0 0 FREDRICKA DAVIDSON 1.00 X 0 0 0 FRANKIE FESKO 1.00 X 0 0 0 DANETTE GARZA 1.00 X 0 0 0 MATTHEW H GLAROS 1.00 X 0 0 0 CAROL HIGHSMITH 1.00 X 0 0 0 ROBERT JOHNSON 1.00 X 0 0 0 TOM KEILMAN 1.00 X 0 0 0 RICHARD KOMYATTE 1.00 X 0 0 0 JANET MORAN 1.00 X 0 0 0 WILLIAM NANGLE 1.00 X 0 0 0 TORY PRASCO 1.00 X 0 0 0 MARTIE RIVAS-RAMOS 1.00 X 0 0 0 DAVE RYAN 1.00 X 0 0 0 SANDRA SNEARLY-VOSBERG 1.00 X 0 0 0 MICHAEL SUGGS 1.00 X 0 0 0 HARRY VANDE VELDE III 40.00 X 114769 0 14323 114769 0 14323 1 0 0 0 0 10018 4924182 4934200 1104556 1104556 12741310 12458936 282374 282374 282374 MISCELLANEOUS INCOME 900099 24985 24985 ADMINISTRATIVE INCOME 561000 500 500 25485 6346615 25485 0 1386930 1323569 1323569 378838 378838 135880 54352 33970 47558 164544 65817 41136 57591 3697 1479 924 1294 12435 4974 3109 4352 28106 11242 7027 9837 12200 4026 4148 4026 131527 131527 48928 16146 16324 16458 1030 1030 24390 8049 8292 8049 29448 9718 10012 9718 54422 8163 27211 19048 13797 4553 4691 4553 2707 1083 541 1083 5209 1302 2605 1302 3191 1053 1085 1053 PROGRAM EXPENSES 115470 115470 DONOR DEVELOPMENT EXPEN 15855 15855 DUES AND SUBSCRIPTIONS 9131 3014 3103 3014 SPECIAL EVENTS 3103 3103 1300 1300 2518777 2012848 295705 210224 149216 111799 1359122 1236651 1895 7037 66774 33466 2258 33308 38281345 40451884 39793836 41840679 41586 51830 121609 10451243 10898376 630890 608265 11123719 11680080 X 156898 -270987 18807637 20326370 9705582 10105216 28670117 30160599 39793836 41840679 X 3827838 -2337356 X X 0 1 1 X 0 X 1828766 1857108 4189359 2670560 4934200 15479993 1828766 1857108 4189359 2670560 4934200 15479993 4911278 10568715 907830 908212 1027621 1151208 1104556 5099427 19652 13315 25485 58452 20637872 0.51210 0.55100 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 31 797209 150936 5394906 1 1 0 1 28099402 3823840 -450932 1374275 416818 29681217 23197026 1737719 5213322 1630576 418089 28099402 23738213 2192474 -659571 1724034 350056 23197026 27780154 2751115 -4564523 1915472 313061 23738213 0.34000 0.66000 0 0 66774 33466 33308 33308 ANNUITIES PAYABLE 608265 608265 6346615 2518777 3827838 -1853977 -483379 -2337356 1490482 3819539 -1853977 380572 -1473405 5292944 131527 922144 1053671 6346615 2329057 416818 416818 1912239 131527 475011 606538 2518777 PART IV, LINE 2B: CUSTODIAL FUNDS REPRESENT FUNDS PLACED ON DEPOSIT WITH LEGACY FOUNDATION BY OTHER 501(C)(3) ORGANIZATIONS BASED ON THEIR INDIVIDUAL BOARD RESOLUTIONS. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: PERMANENT ENDOWMENT FUNDS ARE INVESTED AND THE EARNINGS ARE USED FOR GRANTS AND COMMUNITY ENHANCING PROJECTS AND OTHER CHARITABLE PURPOSES. TERM ENDOWMENTS ARE ALSO INVESTED AND THE PRINCIPAL AND EARNINGS ARE USED FOR GRANTS, COMMUNITY ENHANCING PROJECTS AND OTHER CHARITABLE PURPOSES. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE LEGACY FOUNDATION, INC. IS A NOT-FOR-PROFIT CORPORATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE CODE. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE FOUNDATION AND RECOGNIZE A TAX LIABILITY IF THE FOUNDATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY VARIOUS FEDERAL AND STATE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE FOUNDATION, AND HAS CONCLUDED THAT AS OF JUNE 30, 2012 AND 2011, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE FOUNDATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. AS SUCH, THE FOUNDATION IS GENERALLY EXEMPT FROM INCOME TAXES. HOWEVER, THE FOUNDATION IS REQUIRED TO FILE FEDERAL FORM 990 RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX WHICH IS AN INFORMATIONAL RETURN ONLY. PART XI, LINE 8 - OTHER ADJUSTMENTS: SFAS 136 ADJUSTMENT -447,133. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT -36,246. TOTAL TO SCHEDULE D, PART XI, LINE 8: -483,379. PART XII, LINE 2D - OTHER ADJUSTMENTS: ADMINISTRATIVE FEES 416,818. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -36,246. PART XII, LINE 4B - OTHER ADJUSTMENTS: SFAS 136 ADJUSTMENT 922,144. PART XIII, LINE 2D - OTHER ADJUSTMENTS: ADMINISTRATIVE FEES 416,818. PART XIII, LINE 4B - OTHER ADJUSTMENTS: SFAS 136 ADJUSTMENT 475,011. 1 ALZHEIMER'S & DEMENTIA SERVICES OF NORTHERN INDIANA 922 E COLFAX AVENUE SOUTH BEND IN 46617 311058502 501(C)3 10000 MEDICAL SPECIALISTS FOUNDATION FUND ANCILLA SYSTEMS 1419 SOUTH LAKE PARK AVE HOBART IN 46342 270296707 501(C)3 110657 FUND DISTRIBUTION BEST BUDDIES INDIANA 8604 ALLISONVILLE RD STE 165 INDIANAPOLIS IN 46250 521614576 501(C)3 5000 OPEN A BEST BUDDIES CHAPTER IN LAKE CENTRAL HIGH SCHOOL BOYS & GIRLS CLUBS OF NW INDIANA 839 BROADWAY STE N303 GARY IN 464022419 350941137 501(C)3 49676 FUND DISTRIBUTION; SUPPORT COLLEGE READINESS PROGRAM CALUMET COLLEGE OF ST JOSEPH 2400 NEW YORK AVE WHITING IN 46394 351087173 501(C)3 21786 FUND DISTRIBUTION; THE MORROW FAMILY FUND CAMPAGNA ACADEMY INC 7403 CLINE AVENUE SCHERERVILLE IN 46375 351068483 501(C)3 8500 CAMPAGNA ACADEMY CHALLENGER COURSE CATHOLIC CHARITIES OF THE DIOCESE OF GARY 940 BROADWAY GARY IN 46402 351122204 501(C)3 5000 CLEAN UP GARY, NOW! CATHOLIC CHARITIESDIOCESE OF GARY 321 W 11TH STREET MICHIGAN CITY IN 46360 351122204 501(C)3 7500 CATHOLIC CHARITIES WHEELCHAIR RAMP PROJECT CATHOLIC DIOCESE OF GARY 9292 BROADWAY MERRILLVILLE IN 46410 261514259 501(C)3 25000 FUND DISTRIBUTION CATHOLIC MEDICAL MISSION BOARD 10 W 17TH STREET NEW YORK NY 10011 135602319 501(C)3 10000 FUND DISTRIBUTION CATHOLIC RELIEF SERVICES 209 W FAYETTE STREET BALTIMORE MD 21201 135563422 501(C)3 10000 FUND DISTRIBUTION; WEBSTER CORNWELL FUND CHALLENGER LEARNING CENTER OF NORTHWEST INDIANA 2300 - 173RD AVENUE HAMMOND IN 46323 351995603 501(C)3 18444 FUND DISTRIBUTION CHICAGO PUBLIC ART GROUP 1259 S WABASH AVE CHICAGO IL 60605 237302449 501(C)3 5000 FUND DISTRIBUTION CHORUS ANGELORUM PO BOX 421 WHITING IN 46394 351712729 501(C)3 9550 SUPPORT FOR THE 26TH ANNUAL CONCERT OF MUSIC COMMUNITIES IN SCHOOLS OF EAST CHICAGO 100 W CHICAGO AVE EAST CHICAGO IN 46321 300110893 501(C)3 15000 TO TEACH STUDENTS TO CHART A COURSE FOR SUCCESS. FRIENDS OF EMERSON INC 716 EAST 7TH AVE GARY IN 46402 351830587 501(C)3 5000 TO PROVIDE A DAY OF TEACHING, TUTORING AND MENTORING GARY LIFE EDUCATION INITIATIVE INCORPORATED 320 ROOSEVELT STREET GARY IN 46404 450581689 501(C)3 15000 COLLEGE READINESS IN THE CLASSROOM HAMMOND COMMUNITY CORPORATION 649 CONKEY ST HAMMOND IN 46324 501(C)3 66659 FUND DISTRIBUTION HAMMOND EDUCATION FOUNDATION 41 WILLIAMS STREET HAMMOND IN 46320 351572372 501(C)3 15000 FOR EXPANSION ON THE "COME READ WITH ME" PROGRAM HEINZE LAND TRUST INC 444 BARKER ROAD MICHIGAN CITY IN 46360 352153969 501(C)3 10000 MIGHTY ACORNS ENVIRONMENTAL EDUCATION HOBART EDUCATION FOUNDATION 32 EAST 7TH ST HOBART IN 46342 352035071 501(C)3 13187 FOR IMPLEMENTATION OF THE SCHOOL READINESS ACADEMY IN HOBART AND HAMMOND HOBART FAMILY YMCA 601 W 40TH PLACE HOBART IN 46342 351382817 501(C)3 15000 HOBART SENIOR TRANSPORTATION PROGRAM; CONTINUATION OF THE SUCCESSFUL TRAVEL VOUCHER PROGRAM HOBART FOOD PANTRY PO BOX 394 HOBART IN 46342 351757175 501(C)3 22000 PHASE ONE SITE EXPANSION & UPGRADE OF THE FOOD PANTRY; FUND DISTRIBUTION HOOSIER ENVIRONMENTAL COUNCIL 3951 N MERIDIAN STE 100 INDIANAPOLIS IN 46208 351576694 501(C)3 10000 FUND DISTRIBUTION INTERNATIONAL INSTITUTE OF LACASA 4506 TODD AVE EAST CHICAGO IN 46312 350868117 501(C)3 5000 FOR IMPLEMENTATION OF A STUDENT ASSISTANCE PROGRAM IZAAK WALTON LEAGUE OF AMERICA DIANA CHAPTER PO BOX 110 SCHNEIDER IN 46377 351617020 501(C)3 10000 FUNDING TO COMPLETE A FULL LENGTH DOCUMENTARY ON THE GRAND KANKAKEE MARSH JAMES A GAMMON CHARITABLE FOUNDATION 9191 BROADWAY MERRILLVILLE IN 464105606 621474246 501(C)3 9024 FUND DISTRIBUTION LAKE AREA UNITED WAY 221 WEST RIDGE ROAD GRIFFITH IN 46319 237170019 501(C)3 13996 FUND DISTRIBUTION LAKE COUNTY LIBRARY 1919 W 81ST AVE MERRILLVILLE IN 46410 356006653 501(C)3 20000 FUND DISTRIBUTION LAKESHORE ALLIANCE FOR STUDENT SUCCESS INC 56 S WASHINGTON STREET STE 302 VALPARAISO IN 463835565 810664944 501(C)3 15000 PROGRAM ENHANCEMENTS: LITERACY TRAINING & SUPPORT FOR TEACHERS AND STUDENTS LEADERSHIP NORTHWEST INDIANA 410 E LINCOLNWAY VALPARAISO IN 46383 351580689 501(C)3 10000 YOUTH LEADERSHIP PROGRAM FOR HIGH SCHOOL STUDENTS MARYKNOLL SISTERS OF ST DOMINIC INC 131740257 501(C)3 10000 FUND DISTRIBUTIONS MAYO CLINIC FOUNDATION DEPARTMENT OF DEVELOPMENT ROCHESTER MN 559059817 411506440 501(C)3 20000 FUND DISTRIBUTIONS MEALS ON WHEELS OF NW INDIANA INC 8446 VIRGINIA ST MERRILLVILLE IN 46410 311168281 501(C)3 20000 GENERAL OPERATING SUPPORT; CONTINUATION OF THE 2010 GENERAL OPERATIONS GRANT MILLER BEACH ARTS AND CREATIVE DISTRICT 536 S LAKE STREET GARY IN 46403 300317277 501(C)3 7881 2012 POP UP ART EVENTS IN MILLER BEACH MOUNT MARY COLLEGE DEVELOPMENT OFFICE MILWAUKEE WI 53222 390806154 GOVT 5000 FUND DISTRIBUTION NAACP-ACT-SO PROGRAM PO BOX 64843 GARY IN 46401 131998814 501(C)3 7000 ACT-SO PROGRAM NORTHWEST INDIANA HABITAT FOR HUMANITY 6114 W RIDGE ROAD GARY IN 46408 561525939 501(C)3 20000 HOUSE #2 CAREY ST. E. CHICAGO; FIELD OF DREAMS HOUSE #9 NORTHWEST INDIANA PUBLIC BROADCASTING INC 8625 INDIANA PLACE MERRILLVILLE IN 46410 310960136 501(C)3 25000 LAKESHORE FOCUS: ON THE ROAD NORTHWEST INDIANA SYMPHONY ORCHESTRA 1040 RIDGE RD MUNSTER IN 46321 351359750 501(C)3 16500 FUND DISTRIBUTIONS; SYMPHONY EDUCATION CONCERT SCHOLARSHIPS OPPORTUNITY ENTERPRISES INC 2801 EVANS AVE VALPARAISO IN 46383 351136833 501(C)3 5000 BUILD OE LAKESIDE OUR FAMILY CENTER PO BOX 4253 HAMMOND IN 463240253 331111064 501(C)3 11400 FUTURE ACHIEVEMENT STARTS TODAY (FAST) TRACK PARENTS AS TEACHERS OF LAKE COUNTY INC CO MILLER ELEMENTARY SCHOOL 6530 NEW HAMPSHIRE HAMMOND IN 46323 352109773 501(C)3 25000 PAT EARLY LEARNING AND PARENT SUPPORT SERVICES PURDUE UNIVERSTIY CALUMET 2200 169TH STREET HAMMOND IN 463232094 356002041 501(C)3 10766 PURDUE UNIVERSITY EDUCATION TALENT SEARCH QUALITY OF LIFE COUNCIL INC PURDUE UNIV ACADEMY LEARNING CENTER CENTER CROWN POINT IN 46307 352117392 501(C)3 55000 4TH EDITION REPORT OF QUALITY OF LIFE INDICATORS SALVATION ARMY GARYMERRILLVILLE CORPS & COMMUNITY CENTER 4800 HARRISON STREET GARY IN 46408 135562351 501(C)3 25700 STRIVING FOR EXCELLENCE IN ACADEMICS (SEA - PROGRAM) SAVE THE DUNES CONSERVATION FUND 444 BARKER ROAD MICHIGAN CITY IN 46360 351915468 501(C)3 15000 EDUCATION PROGRAMMING SCHOOL CITY OF HOBART 32 EAST 7TH ST HOBART IN 46342 356002466 501(C)3 12500 HOBART SENIOR FUN SOJOURNER TRUTH HOUSE 410 WEST 13TH AVENUE GARY IN 46407 270296707 501(C)3 10000 CASE MANAGEMENT SOUTH SHORE ARTS 1040 RIDGE RD MUNSTER IN 46321 237049722 501(C)3 98776 ARTS EDUCATION TO KIDS; REQUESTED FUND DISTRIBUTION ST ANTHONY MEDICAL CENTER INC 1201 S MAIN ST CROWN POINT IN 46307 351330472 501(C)3 21524 REQUESTED FUND DISTRIBUTION TEACH FOR AMERICA 820 N ORLEANS STREET STE 3 CHICAGO IL 60610 133541913 501(C)3 10000 EXPAND TEACH FOR AMERICA'S SUCCESSFUL IMPACT IN LAKE COUNTY THE ARC NORTHWEST INDIANA 2650 WEST 35TH STREET GARY IN 46408 351055076 501(C)3 18800 SMALL TRANSIT LIFT VANS THE FOOD BANK OF NORTHWEST INDIANA 2248 WEST 35TH AVENUE GARY IN 46408 351528285 501(C)3 5750 GARDEN OF HOPE THREE CREEKS HISTORICAL ASSOCIATION 240 WEST MAIN STREET LOWELL IN 46356 351385794 501(C)3 6885 ROSEWOOD WINDOW REPLACEMENT TRADEWINDS REHABILITATION CENTER INC 5901 WEST 7TH AVENUE GARY IN 46406 351139485 501(C)3 41419 REQUESTED FUND DISTRIBUTION TRI TOWN SAFETY VILLAGE 1350 EAGLE RIDGE DRIVE SCHERERVILLE IN 46375 351944436 501(C)3 9500 SAFETY FIELD TRIP FOR LAKE COUNTY SCHOOLS TRINITY EV LUTHERAN CHURCH AND SCHOOL 900 LUTHER DRIVE HOBART IN 46342 356000591 501(C)3 10000 FUND DISTRIBUTION URBAN LEAGUE OF NW INDIANA INC 3101 BROADWAY GARY IN 46409 351178594 501(C)3 6240 COMPUTER CENTER UPGRADES URBAN REACH INC 5400 W 29TH AVENUE GARY IN 46408 421636777 501(C)3 15000 SOLID LIFE YOUTH PROGRAM WHITE'S RESIDENTIAL & FAMILY SERVICES INC 15 S COURT ST STE A CROWN POINT IN 46307 350883520 501(C)3 8703 THREE NURTURING LAKE COUNTY FAMILIES & NURTURING FATHERS PROGRAMS YMCA OF HAMMOND AREA 7322 SOUTHEASTERN AVENUE HAMMOND IN 46324 351046843 501(C)3 8735 FUND DISTRIBUTION YWCA OF GARY 150 WEST 15TH AVENUE GARY IN 46407 350868221 501(C)3 10321 MARIAN BERRY SCHOLARSHIP FUND - YWCA; FUND DISTRIBUTION 63 SCHOLARSHIPS 243 378838 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: PROGRAM STAFF IS RESPONSIBLE FOR MONITORING PERIODIC GRANTEE REPORTS, REPORTING TO THE GRANTS COMMITTEE ON GRANTEES COMPLIANCE, AND PURSUING TARDY, INCOMPLETE OR MISSING REPORTS. FORM 990, PART VI, SECTION B, LINE 11 PRESIDENT, OFFICERS AND DIRECTORS REVIEW FORM 990 AND RELATED SCHEDULES PRIOR TO SIGNING AND FILING. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST STATEMENTS ARE MONITORED ANNUALLY AT THE BEGINNING OF THE FISCAL YEAR. EACH BOARD MEMBER SHALL DISCLOSE IN WRITING ANY INTEREST HELD BY SELF OR IMMEDIATE FAMILY INCLUDING WITH A CHARITABLE OR COMMUNITY ORGANIZATION, BUSINESS ENTERPRISE OR CONSULTING WORK OR AFFILIATION WITH ORGANIZATIONS THAT MAY CREATE AN INTEREST OR BIAS WITH RESPECT TO THE FOUNDATION'S ACTION. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION REVIEW AND APPROVAL IS PERFORMED ANNUALLY BY THE EXECUTIVE COMMITTEE. THE COMMITTEE UTILIZES THE COUNCIL ON FOUNDATIONS, INDIANA GRANTMAKERS ALLIANCE AND LOCAL SALARY SURVEY INFORMATION IN REVIEW OF COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S ANNUAL REPORT IS MAILED TO ALL FUND HOLDERS, DONORS AND OTHER STAKEHOLDERS. GUIDESTAR IS UPDATED WITH THE FOUNDATION'S CURRENT GOVERNING DOCUMENTS. CURRENT AND PAST ANNUAL REPORTS, FORM 990, ARTICLES OF INCORPORATION AND BY-LAWS ARE AVAILABLE UPON REQUEST OR BY VISITING THE FOUNDATION WEBSITE. OTHER GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -1,853,977. SFAS 136 ADJUSTMENT -447,133. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT -36,246. TOTAL TO FORM 990, PART XI, LINE 5: -2,337,356. CHANGES IN PROCEDURES OF AUDIT COMMITTEE FORM 990, PART XII, LINE 2C THE PROCEDURES THE AUDIT COMMITTEE TAKES ANNUALLY DID NOT CHANGE IN THE CURRENT YEAR.