2013-04-29T11:00:12-05:00 2012-06-30 CROWE HORWATH LLP 70 West Madison Street Suite 700 Chicago IL 606024903 990 2011-07-01 316049792 KAPPA KAPPA GAMMA FOUNDATION KAPP 6142286515 530 East Town Street Columbus OH 43215 ANN STAFFORD TRUESDELL 2013-04-30 false nicole bencik P00756195 3128997000 2011 2016-03-07 17:11:31Z ANN STAFFORD TRUESDELL 530 E Town St Columbus OH 43215 16955269 false X WWW.KAPPA.ORG/FOUNDATION X 1989 OH TO DELIVER EDUCATIONAL AND LEADERSHIP TRAINING, PRESERVE THE FRATERNITY'S HERITAGE FROM A HISTORICAL PERSPECTIVE, PROVIDE SCHOLARSHIPS AND OFFER FINANCIAL ASSISTANCE TO MEMBERS IN NEED. 12 12 8 54 2161 0 2971433 2595216 50593 50593 1062006 390137 -6634 -227 4077398 3035719 999277 1041925 0 0 416332 425054 3874 3830 673108 1026567 1114359 2446050 2585168 1631348 450551 36576596 35841940 277241 466910 36299355 35375030 TO DELIVER EDUCATIONAL AND LEADERSHIP TRAINING, PRESERVE THE FRATERNITY'S HERITAGE FROM A HISTORICAL PERSPECTIVE, PROVIDE SCHOLARSHIPS AND OFFER FINANCIAL ASSISTANCE TO MEMBERS IN NEED BY DEVELOPING THE FINANCIAL RESOURCES TO SUPPORT THESE PROGRAMS. false false 736031 668896 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. 404162 373029 EDUCATIONAL AND LEADERSHIP PROGRAMMING: THE FOUNDATION SUPPORTS THE DEVELOPMENT AND USE OF EDUCATIONAL AND LEADERSHIP PROGRAMS THAT BENEFIT OVER SIXTEEN THOUSAND MEMBERS OF KAPPA KAPPA GAMMA FRATERNITY. THROUGH THESE PROGRAMS WE ARE MAKING A LIFETIME INVESTMENT IN THE EDUCATION AND TRAINING OF WOMEN. 240393 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. 1380586 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 false false false false true false false false false true false false true false true X 6 0 true 8 true true false false false false false false false false false X 12 12 false false true false true true true true true false false true true true true true true false false false AL AZ AR CA CO CT FL GA HI IL IN IA KS KY ME MD MA MI MN NH NJ NM NY NC OH OK OR PA RI SC SD TN UT VT VA WA WV WI X X HEATHER ROOT 6142286515 530 EAST TOWN STREET Columbus OH 43215 X CYNTHIA BENNETT JARBOE 10.00 X X 0 0 0 KAY REID TENNISON 10.00 X X 0 0 0 ANNA HIETT PFLUGH 10.00 X 0 0 0 BETH ANN SHARP 10.00 X 0 0 0 COLLETT BEERS RANGITSCH 10.00 X 0 0 0 JILL EVERSOLE NOLAN 10.00 X 0 0 0 JULIE MARINE LESHAY 10.00 X 0 0 0 JULIE MARTIN MANGIS 10.00 X 0 0 0 KATHERINE SCHOLBERG WEEKS 10.00 X 0 0 0 KELLY COX BILEK 10.00 X 0 0 0 PAT MCINNIS COOPER 10.00 X 0 0 0 SUSANNE WOLFF VANDER HEYDEN 10.00 X 0 0 0 ANN STAFFORD TRUESDELL 40.00 X 0 72379 11408 0 72379 11408 0 false false false 0 2595216 97418 2595216 RENT FROM RELATED PARTY 50593 50593 0 0 0 0 50593 752468 2161 750307 0 0 28630 32007 -3377 0 -3377 -3377 13518004 7208 13884529 3014 -366525 4194 -362331 -362331 0 0 0 MISCELLANEOUS INCOME 3150 3150 0 0 0 0 3150 3035719 0 2161 438342 X 373029 373029 668896 668896 0 0 86239 17075 15092 54072 0 279636 55371 48936 175329 16565 3280 2899 10386 13713 2715 2400 8598 28901 5722 5058 18121 0 7188 1331 5547 310 27200 16320 5440 5440 0 3830 3830 208933 208933 0 0 170472 81091 59487 29894 14578 8746 2916 2916 0 60862 18375 6171 36316 0 0 116764 41512 47033 28219 0 0 91791 44484 6871 40436 0 COST-BASED REIMBURSEMENT 173171 7706 114691 50774 MUSEUM MGMT & MAINTENANCE 34933 34933 DEVELOPMENT & PUBLIC RELATIONS 208467 208467 0 0 0 0 2585168 1380586 531474 673108 0 222052 995676 2698233 2870554 808173 465797 406 1553 1303 1561 2263553 1383468 883828 880085 20586508 19119299 10877455 11104570 0 0 498638 402845 36576596 35841940 31404 39341 245837 427569 277241 466910 X 10246942 9421907 9004231 8608154 17048182 17344969 36299355 35375030 36576596 35841940 X 450551 -1374876 X false true true X false X 6014268 1453501 2247936 2971433 2595216 15282354 0 0 6014268 1453501 2247936 2971433 2595216 15282354 15282354 1934637 993485 721348 868344 829567 5347381 -476 -351 228 2124 1525 199 97 684 503 3150 4633 20635893 0.74060 0.53450 X OTHER INCOME, SCHEDULE A, PART II, LINE 10, DESCRIPTION - , COLUMN A - 199, COLUMN B - 97, COLUMN C - 684, COLUMN D - 503, COLUMN E - 3150, COLUMN F - 4633;, RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X false 18125598 311204 -613372 322230 223607 135513 17142080 15892327 240183 2642101 521651 127362 18125598 13893632 1057449 1548198 524276 82676 15892327 16624309 613155 -2788020 386422 169390 13893632 0.00000 0.96790 0.03210 true false 15500 15500 1810528 1141860 668668 0 367594 241608 125986 69931 69931 880085 0 0 FUND OF FUNDS 9043222 F MANAGED FUTURES FUND 1007990 F PRIVATE EQUITY LIMITED PARTNERSHIPS 371390 F REAL ESTATE LIMITED PARTNERSHIPS 681968 F 11104570 0 DUE TO KAPPA KAPPA GAMMA FRATERNITY 393612 CHARITABLE GIFT ANNUITIES 33957 427569 Collections of art - financial statement footnote Schedule D, Part III, Line 1a 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. Collections of art - description of collections Schedule D, Part III, Line 4 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. Intended uses of endowment funds Schedule D, Part V, Line 4 SCHOLARSHIPS, FINANCIAL AID AND LEADERSHIP ACADEMY. FIN 48 (ASC 740) footnote Schedule D, Part X, Line 2 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 2009. 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, 2012 AND 2011. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 8360000 0 0 8360000 true false true true true false Method used to account for expenditures on organization's financial statements Schedule F, Part I, Line 3 CENTRAL AMERICA AND THE CARIBBEAN: ACCRUAL true KAPPA KAPPA GAMMA FRATERNITY INC 530 EAST TOWN ST COLUMBUS OH 43215 314221880 501(C)(7) 332116 EDUCATION BETA MU BUILDING AND ALUMNAE ASSOCIATION 1134 UNIVERSITY AVENUE BOULDER CO 80302 846030635 501(C)(7) 38400 EDUCATIONAL FURNITURE/EQUIPMENT 0 2 FINANCIAL AID 70 205920 SCHOLARSHIPS 133 462976 Procedures for monitoring use of grant funds Schedule I, Part I, Line 2 KAPPA KAPPA GAMMA FRATERNITY, INC. 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. X 3 97418 MARKET VALUE 0 false true false Explanations of reporting method for number of contributions Schedule M, Part I SECURITIES - PUBLICLY TRADED: NUMBER OF CONTRIBUTIONS Number of contributions or items contributed. Schedule M, part I, column (b), Line 9 NUMBER OF CONTRIBUTIONS FORM W-3 EMPLOYEES REPORTED FORM 990, PART V, LINE 2A KAPPA KAPPA GAMMA FRATERNITY FILED 8 W-2'S ON BEHALF OF ITS AFFILIATE, KAPPA KAPPA GAMMA FOUNDATION. COMPENSATION ARRANGEMENTS FORM 990, PART V, LINE 2A EMPLOYEES ARE PAID BY KAPPA KAPPA GAMMA FRATERNITY (EIN 31-4221880), A RELATED ORGANIZATION OF KAPPA KAPPA GAMMA FOUNDATION. THE FOUNDATION REIMBURSED THE FRATERNITY $598,225 SALARIES AND BENEFITS FOR FISCAL YEAR 2012. 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. Significant changes to organizational documents Form 990, Part VI, Section A, Line 4 A PURPOSES CLAUSE WAS ADDED TO THE AMENDED BYLAWS: ARTICLE II, PURPOSE: THE PURPOSE OF THE KAPPA KAPPA GAMMA FOUNDATION SHALL BE TO RAISE FUNDS FOR EDUCATIONAL AND CHARITABLE PURPOSES, AS AUTHORIZED BY THE CORPORATION'S ARTICLES OF INCORPORATION, INCLUDING BUT NOT LIMITED TO EDUCATIONAL PROGRAMS, LEADERSHIP TRAINING, SCHOLARSHIPS, FINANCIAL AID, AND THE PRESERVATION OF KAPPA HERITAGE WITHIN THE CONTEXT OF WOMEN'S HISTORY. A MEMBERS CLAUSE WAS ADDED TO THE AMENDED BYLAWS: ARTICLE III, MEMBERS: SECTION 1. MEMBERS. THE MEMBERS OF THE CORPORATION SHALL BE THE MEMBERS OF THE COUNCIL OF KAPPA KAPPA GAMMA FRATERNITY, SERVING FROM TIME TO TIME. SECTION 2. ELECTION OF TRUSTEES AND OFFICERS. THE MEMBERS OF THE CORPORATION SHALL ELECT TRUSTEES AND OFFICERS FROM A LIST OF NOMINATED CANDIDATES AT A MEETING DETERMINED FOR THIS PURPOSE AS PROVIDED IN ARTICLE IV AND ARTICLE VI, HEREOF. SECTION 3. MEMBERS MEETINGS. THE MEMBERS SHALL DETERMINE WHEN AND WHERE THE CORPORATION MEETINGS WILL TAKE PLACE AND THE MEMBERS MAY ACT BY WRITTEN CONSENT IN LIEU OF A MEETING. A VICE PRESIDENT POSITION WAS ADDED TO THE BOARD OF TRUSTEES. THE ELECTION AND TERMS OF OFFICE CHANGED AS FOLLOWS: ARTICLE IV, OFFICERS: SECTION 1. OFFICERS. THE OFFICERS OF THE FOUNDATION SHALL BE A PRESIDENT, A VICE-PRESIDENT, A SECRETARY, AND A TREASURER, AND SUCH OTHER OFFICERS AND ASSISTANT OFFICERS AS MAY BE DEEMED NECESSARY BY THE MEMBERS. AN OFFICER MAY HOLD NO MORE THAN ONE OFFICE AT A TIME. ALL OFFICERS, WITH THE EXCEPTION OF THE SECRETARY, SHALL BE TRUSTEES. SECTION 2. ELECTION AND TERMS OF OFFICE. A. PRESIDENT: THE PRESIDENT OF THE FOUNDATION SHALL BE ELECTED BY THE MEMBERS AFTER THE BIENNIAL CONVENTION OF THE KAPPA KAPPA GAMMA FRATERNITY IN TIME TO TAKE OFFICE PRIOR TO ASSOCIATE COUNCIL SEMINAR. THE TERM OF THE PRESIDENT SHALL BE FOR TWO YEARS. B. VICE-PRESIDENT: THE VICE-PRESIDENT SHALL BE ELECTED BY THE MEMBERS FOLLOWING THE BIENNIAL CONVENTION. THE TERM OF THE VICE-PRESIDENT SHALL BE FOR TWO YEARS BEGINNING IMMEDIATELY FOLLOWING ELECTION. C. SECRETARY: THE SECRETARY SHALL BE THE EXECUTIVE DIRECTOR OF THE FOUNDATION SERVING FROM TIME TO TIME. D. TREASURER: THE TREASURER OF THE FOUNDATION SHALL BE ELECTED BY THE MEMBERS FOLLOWING THE BIENNIAL CONVENTION. THE TERM OF THE TREASURER SHALL BE FOR TWO YEARS BEGINNING IMMEDIATELY AFTER ELECTION. SECTION 3. REMOVAL FROM OFFICE. ANY OFFICER ELECTED BY THE MEMBERS MAY BE REMOVED AT ANY TIME BY A MAJORITY VOTE OF THE MEMBERS. SECTION 4. VACANCIES. ANY VACANCIES IN OFFICERS, OTHER THAN THE SECRETARY, SHALL BE FILLED BY THE MEMBERS FOR THE REMAINDER OF SUCH OFFICER'S TERM. THE TIMING AND REQUIREMENTS FOR MEETINGS HAS CHANGED AS FOLLOWS: ARTICLE V, MEETINGS: SECTION 1. MEETINGS. THE BOARD OF TRUSTEES AND ALL COMMITTEES AND SUBCOMMITTEES SHALL BE AUTHORIZED TO MEET BY TELECONFERENCE CALLS, AUDIO CONFERENCE CALLS, OR THROUGH OTHER ELECTRONIC COMMUNICATIONS MEDIA SO LONG AS ALL THE MEMBERS CAN SIMULTANEOUSLY HEAR EACH OTHER AND PARTICIPATE DURING THE MEETING. SECTION 2. REGULAR MEETINGS. REGULAR MEETINGS OF THE BOARD OF TRUSTEES SHALL BE HELD WHEN DEEMED NECESSARY BY THE PRESIDENT OF THE FOUNDATION. A. ONE FACE-TO-FACE REGULAR MEETING OF THE BOARD OF TRUSTEES SHALL BE HELD ONCE A YEAR, BUT NOT LIMITED TO ONE. B. LOCATION OF MEETINGS OF THE BOARD OF TRUSTEES MAY BE DETERMINED BY THE PRESIDENT OF THE FOUNDATION. SECTION 3. ANNUAL MEETING. ONE REGULAR MEETING OF THE BOARD OF TRUSTEES SHALL BE HELD ANNUALLY TO BE KNOWN AS THE ANNUAL MEETING. SECTION 4. SPECIAL MEETINGS. SPECIAL MEETINGS OF THE BOARD OF TRUSTEES SHALL BE CALLED BY THE PRESIDENT OF THE FOUNDATION OR BY ANY THREE (3) TRUSTEES, AND IT SHALL THEREUPON BE THE DUTY OF THE SECRETARY TO CAUSE NOTICE OF SUCH MEETING TO BE GIVEN AS HEREINAFTER PROVIDED. THE PRESIDENT OR THE TRUSTEES CALLING THE MEETING SHALL FIX THE TIME AND PLACE OF THIS MEETING. A MINIMUM OF FIVE (5) DAYS NOTICE MUST BE GIVEN TO TRUSTEES WHEN CALLING A SPECIAL MEETING. SECTION 5. COMMUNICATION. ALL COMMUNICATION REQUIRED IN THESE CODE OF REGULATIONS, INCLUDING MEETING NOTICES, MAY BE SENT ELECTRONICALLY. SECTION 6. QUORUM. A MAJORITY OF THE TRUSTEES SHALL CONSTITUTE A QUORUM AT MEETINGS OF THE BOARD OF TRUSTEES. ALL TRUSTEES SHALL BE CONSIDERED FOR PURPOSES OF DETERMINING IF A QUORUM IS PRESENT. SECTION 7. VOTING. A MAJORITY VOTE OF THE TRUSTEES SHALL GOVERN IN ALL CASES EXCEPT WHERE THE ACT OF A GREATER NUMBER IS REQUIRED BY NON-WAIVABLE PROVISIONS OF LAW OR BY THESE CODE OF REGULATIONS. THE BOARD OF TRUSTEES MAY CONDUCT BUSINESS WITHOUT A MEETING AS LONG AS THE DECISIONS ARE WRITTEN AND UNANIMOUS. THE NUMBER OF TRUSTEES ON THE BOARD OF TRUSTEES HAS CHANGED AS WELL AS PROCEDURES RELATING TO THE BOARD AS FOLLOWS: ARTICLE VI, THE BOARD OF TRUSTEES : SECTION 1. BOARD OF TRUSTEES. THE OPERATIONS AND AFFAIRS OF THE CORPORATION SHALL BE MANAGED BY A BOARD OF DIRECTORS, WHICH SHALL BE KNOWN AS THE BOARD OF TRUSTEES. THE BOARD OF TRUSTEES SHALL EXERCISE ALL OF THE POWERS OF THE CORPORATION. THERE SHALL BE NO MORE THAN THIRTEEN (13) TRUSTEES. SECTION 2. ELECTION OF TRUSTEES. TRUSTEES SHALL BE ELECTED TO THE BOARD OF TRUSTEES BY THE MEMBERS. ONLY PERSONS NOMINATED AS CANDIDATES ARE ELIGIBLE FOR ELECTION AS TRUSTEES. A. FRATERNITY COUNCIL. THERE SHALL BE NO MORE THAN FIVE (5) FROM FRATERNITY COUNCIL ELECTED TO THE FOUNDATION BOARD OF TRUSTEES. B. STANDING COMMITTEE CHAIRMEN. FOUNDATION STANDING COMMITTEE CHAIRMEN SHALL BE ELECTED BY THE MEMBERS. C. TRUSTEES-AT-LARGE. TRUSTEES-AT-LARGE SHALL BE ELECTED BY THE MEMBERS. SECTION 3. REMOVAL FROM THE BOARD OF TRUSTEES. ANY TRUSTEE ELECTED BY THE MEMBERS MAY BE REMOVED AT ANY TIME BY A MAJORITY VOTE OF THE MEMBERS. SECTION 4. VACANCIES. ANY VACANCY IN THE ELECTED TRUSTEES SHALL BE FILLED FOR THE UNEXPIRED TERM OF SUCH TRUSTEE BY THE MEMBERS. SECTION 5. EMERITUS TRUSTEES. THE TRUSTEES MAY SELECT EMERITUS TRUSTEES BY A TWO-THIRDS VOTE. THESE TRUSTEES BECOME HONORARY MEMBERS OF THE BOARD WITHOUT VOTING PRIVILEGES. THE PROVISION FOR COMMITTEES HAS BEEN EXPANDED AS FOLLOWS: ARTICLE VII, COMMITTEES: SECTION 1. STANDING COMMITTEES. THERE SHALL BE THE FOLLOWING STANDING COMMITTEES: A. BUDGET COMMITTEE. THE BUDGET COMMITTEE SHALL BE COMPOSED OF THE FOUNDATION TREASURER, THE FOUNDATION PRESIDENT, AND THE CHAIRMEN OF THE STANDING COMMITTEES. IT SHALL BE A DUTY OF THIS COMMITTEE TO PROPOSE A BUDGET FOR THE FISCAL YEAR AND TO SUBMIT IT TO THE BOARD OF TRUSTEES AT A REGULAR MEETING. THE BUDGET COMMITTEE MAY FROM TIME TO TIME SUBMIT AMENDMENTS TO THE BUDGET FOR THE CURRENT FISCAL YEAR. 1. THE FOUNDATION TREASURER SHALL SERVE AS CHAIRMAN OF THE FOUNDATION BUDGET COMMITTEE. 2. THE FRATERNITY PRESIDENT MAY SERVE AS AN EX OFFICIO MEMBER OF THE FOUNDATION BUDGET COMMITTEE. 3. SEATED BY INVITATION MAY BE THE FOUNDATION EXECUTIVE DIRECTOR AND THE DIRECTOR OF FINANCE. B. DEVELOPMENT COMMITTEE. A DEVELOPMENT COMMITTEE OF NO MORE THAN TWELVE (12) MEMBERS SHALL BE ELECTED BY THE BOARD OF TRUSTEES FOLLOWING THE ELECTION OF THE TRUSTEES. COMMITTEE MEMBERS SHALL SERVE A TERM OF TWO YEARS. THIS COMMITTEE SHALL REVIEW THE DEVELOPMENT POLICIES ANNUALLY AS RELATED TO ITS OPERATIONS. C. FINANCIAL ASSISTANCE COMMITTEE. A FINANCIAL ASSISTANCE COMMITTEE OF NO MORE THAN TWELVE (12) MEMBERS SHALL BE ELECTED BY THE BOARD OF TRUSTEES FOLLOWING THE ELECTION OF THE TRUSTEES. COMMITTEE MEMBERS SHALL SERVE A TERM OF TWO YEARS. THIS COMMITTEE SHALL REVIEW THE FINANCIAL ASSISTANCE POLICIES ANNUALLY AS RELATED TO ITS OPERATION. D. MUSEUMS COMMITTEE. A MUSEUMS COMMITTEE OF NO MORE THAN TWELVE (12) MEMBERS SHALL BE ELECTED BY THE BOARD OF TRUSTEES FOLLOWING THE ELECTION OF THE TRUSTEES. COMMITTEE MEMBERS SHALL SERVE A TERM OF TWO YEARS. THIS COMMITTEE SHALL REVIEW THE MUSEUMS POLICIES ANNUALLY AS RELATED TO ITS OPERATIONS. SECTION 2. OTHER COMMITTEES. OTHER COMMITTEES, STANDING OR SPECIAL, MAY BE ESTABLISHED BY THE BOARD OF TRUSTEES AS IT SHALL FROM TIME TO TIME DEEM NECESSARY TO CARRY ON ITS WORK. THE MEMBERS SHALL BE APPOINTED BY THE PRESIDENT OF THE FOUNDATION WITH THE APPROVAL OF THE TRUSTEES. THE PRESIDENT SHALL BE EX OFFICIO MEMBER OF ALL COMMITTEES. THE AMENDMENT PROVISION HAS CHANGED TO THE FOLLOWING: ARTICLE XII, AMENDMENTS: THE CODE OF REGULATIONS MAY BE AMENDED AT ANY BOARD OF TRUSTEES MEETING BY A TWO-THIRDS (2/3) VOTE OF THE MEMBERS AND TRUSTEES IN ATTENDANCE AND VOTING, PROVIDED THAT THE AMENDMENT HAS BEEN SUBMITTED IN WRITING TO THE TRUSTEES AT A PREVIOUS REGULAR MEETING. Classes of members or stockholders Form 990, Part VI, Section A, Line 6 THE MEMBERS OF THE CORPORATION SHALL BE THE MEMBERS OF THE COUNCIL OF KAPPA KAPPA GAMMA FRATERNITY, SERVING FROM TIME TO TIME. THE MEMBERS MUST ELECT AT LEAST ONE, AND MAY ELECT UP TO FOUR, AT-LARGE MEMBERS OF THE GOVERNING BODY. THE MEMBERS MUST APPROVE ANY MERGER IN WHICH THE FOUNDATION IS A PARTY, A VOLUNTARY DISSOLUTION OF THE FOUNDATION, ANY AMENDMENT TO THE ARTICLES OF INCORPORATION OF THE FOUNDATION AND THE SALE OR OTHER DISPOSITION OF ALL OR SUBSTANTIALLY ALL OF THE FOUNDATION'S ASSETS. Members or stockholders electing members of governing body Form 990, Part VI, Section A, Line 7a SEE NARRATIVE FOR PART VI, SECTION A, LINE 6. Decisions requiring approval by members or stockholders Form 990, Part VI, Section A, Line 7b SEE NARRATIVE FOR PART VI, SECTION A, LINE 6. Review of form 990 by governing body Form 990, Part VI, Section B, Line 11b 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. Conflict of interest policy Form 990, Part VI, Section B, Line 12c 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. EXECUTIVE DIRECTOR'S COMPENSATION FORM 990, PART VI, LINE 15A IN FY 2012, THE ORGANIZATION'S BOARD OF DIRECTORS REVIEWED AND APPROVED THE EXECUTIVE DIRECTOR'S COMPENSATION. HOWEVER, NO OUTSIDE STUDY OR SURVEY WAS UTILIZED. PROCESS USED TO ESTABLISH COMPENSATION FOR OTHER OFFICERS/KEY EMPLOYEES FORM 990, PART VI, LINE 15B THE ORGANIZATION DOES NOT HAVE OTHER OFFICERS OR KEY EMPLOYEES. THEREFORE, THIS QUESTION HAS BEEN ANSWERED "NO" IN ACCORDANCE WITH THE FORM 990 INSTRUCTIONS. Governing documents, conflict of interest policy and financial statements available to the public Form 990, Part VI, Section C, Line 19 DOCUMENTS ARE AVAILABLE UPON REQUEST AND AFTER THE BOARD OF TRUSTEES HAVE REVIEWED THE REQUEST FOR APPROVAL. Average number of hours devoted per week to related organization Form 990, Part VII, Section A, Column B COLLETT BEERS RANGITSCH - 10 HOURS PER WEEK WITH KAPPA KAPPA GAMMA FRATERNITY, A RELATED TAX-EXEMPT ORGANIZATION CYNTHIA BENNETT JARBOE - 10 HOURS PER WEEK WITH KAPPA KAPPA GAMMA FRATERNITY, A RELATED TAX-EXEMPT ORGANIZATION JULIE MARINE LESHAY - 10 HOURS PER WEEK WITH KAPPA KAPPA GAMMA FRATERNITY, A RELATED TAX-EXEMPT ORGANIZATION BETH ANN SHARP - 10 HOURS PER WEEK WITH KAPPA KAPPA GAMMA FRATERNITY, A RELATED TAX-EXEMPT ORGANIZATION SUSANNE WOLFF VANDER HEYDEN - 10 HOURS PER WEEK WITH KAPPA KAPPA GAMMA FRATERNITY, A RELATED TAX-EXEMPT ORGANIZATION FUNCTIONAL EXPENSES FORM 990, PART IX, LINE 25 THE STATEMENT OF FUNCTIONAL EXPENSES SHOW THAT 53% OF EXPENSES ARE SPENT ON PROGRAMS. HOWEVER, AS A 501(C)(3) THE KAPPA KAPPA GAMMA FOUNDATION'S PRIMARY PURPOSE IS TO SUPPORT EDUCATION THROUGH FUNDRAISING EFFORTS. THE ORGANIZATION CONSIDERS ITS PROGRAM'S FUNDRAISING EXPENSES TO BE AN INTERGRAL PART OF THEIR TAX-EXEMPT PURPOSE, AND THEREFORE IT SHOULD BE NOTED THAT THE ORGANIZATION'S FUNDRAISING EXPENSES COMBINED WITH THE PROGRAM SERVICE EXPENSES ACCURATELY REPRESENT THE RATIO OF EXPENSES THAT FUND THE ORGANIZATION'S MISSION. THUS IT SHOULD BE NOTED THAT THE ORGANIZATION SPENDS 79% OF EXPENSES TO FUND ITS MISSION OF SUPPORTING EDUCATION AND FINANCIAL ASSISTANCE. Other changes in net assets or fund balances Form 990, Part XI, Line 5 NET UNREALIZED GAINS (LOSSES) ON INVESTMENTS - -1365716; INCREASE IN CSV OF LIFE INSURANCE - 5260; CHANGE IN VALUE OF BENEFICIAL INTEREST IN CHARITABLE TRUST - -14417; ROUNDING - -3; KAPPA KAPPA GAMMA FRATERNITY INC 530 E TOWN STREET COLUMBUS OH 43215 314221880 FRATERNITY OH 501(C)(7) N/A NA false CHARITABLE REMAINDER TRUST (1) INVESTMENTS MD N/A TRUST true true true false false false false false false true true true true true true true false false