2011-10-10T16:03:01-05:00 2011-02-28 ALEXANDER ARONSON FINNING & CO PC 21 EAST MAIN STREET WESTBORO MA 01581 990 2010-03-01 043511088 THE NATIONAL TRUST FOR SCOTLAND FOUNDATION USA INC NATI 6172277500 45 SCHOOL STREET 3RD FLOOR BOSTON MA 02108 CURT DICAMILLO 6172277500 2011-10-03 1 JOHN BUCKLEY CPA 5083669100 2011-10-03 2010 2016-03-07 17:11:31Z CURT DICAMILLO 45 SCHOOL STREET BOSTON MA 02108 572157 0 X WWW.NTSUSA.ORG X 2000 MA THE FOUNDATION RAISED MONEY AND AUTHORIZED GRANTS TO PROMOTE AND PRESERVE SCOTTISH HERITAGE FOR FUTURE GENERATIONS THROUGH SUPPORT OF THE PROPERTIES OF HISTORIC SIGNIFICANCE AND NATURAL BEAUTY, AND OF THE EDUCATIONAL MISSION, OF THE NATIONAL TRUST FOR SCOTLAND. 10 10 3 0 0 0 564598 337669 0 0 2806 1477 -51341 102756 516063 441902 189279 205369 0 0 192764 181283 0 0 101840 115176 101331 497219 487983 18844 -46081 572743 517768 65470 56576 507273 461192 ON AN ONGOING BASIS, TO RAISE SIGNIFICANT FUNDS AND INCREASE MEMBERSHIP IN AMERICA TO SUPPORT PROPERTIES OF HISTORIC INTEREST AND NATURAL BEAUTY UNDER THE CARE OF THE NATIONAL TRUST FOR SCOTLAND. 0 0 252958 205369 IN FY 2011, THE FOUNDATION MADE A TOTAL OF 16 GRANTS, TOTALING $205,369, TO THE NATIONAL TRUST FOR SCOTLAND. OF THESE, 15 WERE RESTRICTED GRANTS MADE FOR SPECIFIC PURPOSES, INCLUDING A FEASIBILITY STUDY FOR ROBERT SMAIL'S PRINTING WORKS, FUNDING THE FULL SALARY AND BENEFITS OF THE GARDENER ON THE ISLE OF CANNA, SUPPORTING THE ROBERT BURNS BIRTHPLACE MUSEUM, AND THE CONSERVATION AND RESTORATION OF THE HISTORIC BUTTERFLY COLLECTION ON CANNA, AMONG OTHERS. THE FOUNDATION MADE ONE UNRESTRICTED GRANT TO THE TRUST. 252958 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 11 0 3 1 0 0 0 0 0 1 1 0 0 X 10 10 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA NY X X CURT DICAMILLO 6172277500 45 SCHOOL STREET 3RD FLOOR BOSTON MA 02108 JEANNIE BECTON 0.50 X 0 0 0 ANDREW M CLARKSON 2.00 X X 0 0 0 FRANCES COLBURN 1.00 X X 0 0 0 NICHOLAS GLEYSTEEN 0.50 X 0 0 0 THOMAS HUBBARD 1.00 X X 0 0 0 KATE MAVOR 0.50 X 0 0 0 KENNEDY PARK RICHARDSON 0.50 X 0 0 0 HELEN SAYLES 0.50 X 0 0 0 DONNA SCHINDERMAN 0.50 X 0 0 0 MICHAEL SCOTT-MORTON 2.00 X X 0 0 0 CURT DICAMILLO 45.00 X 90693 0 13441 90693 0 13441 0 0 0 0 0 26035 22025 289609 337669 1477 1477 8100 8100 8100 8100 224911 22025 130255 94656 94656 441902 0 0 104233 205369 205369 107151 21430 48218 37503 52046 10409 23420 18217 3982 796 1792 1394 7362 1473 3313 2576 10742 2149 4833 3760 7707 7707 12838 12838 15552 1282 14270 3450 1725 1725 18998 3800 8548 6650 32611 6523 14674 11414 2169 434 976 759 2870 575 1291 1004 MISCELLANEOUS 5136 2568 2568 487983 252958 133185 101840 132399 166171 314619 231559 86260 61086 35160 57517 8610 7175 4305 1435 572743 517768 15320 12186 50150 44390 65470 56576 X 421013 400106 86260 61086 507273 461192 572743 517768 -46081 0 X X 0 1 1 X 0 X 349343 665246 296547 416573 337669 2065378 349343 665246 296547 416573 337669 2065378 661845 1403533 2820 3335 3188 2806 9577 21726 2087104 609212 0.67250 0.71970 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8610 7175 1435 1435 441902 487983 -46081 0 -46081 441902 0 441902 0 441902 487983 0 487983 0 487983 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE FOUNDATION FOLLOWS THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES STANDARD UNDER U.S. GAAP, WHICH REQUIRES THE FOUNDATION TO REPORT UNCERTAIN TAX POSITIONS, RELATED INTEREST AND PENALTIES, AND TO ADJUST ITS ASSETS AND LIABILITIES RELATED TO UNRECOGNIZED TAX BENEFITS AND ACCRUED INTEREST AND PENALTIES ACCORDINGLY. AS OF FEBRUARY 28, 2011, THE FOUNDATION DETERMINED THAT THERE ARE NO MATERIAL UNRECOGNIZED TAX BENEFITS TO REPORT. THE FOUNDATION DOES NOT EXPECT A SIGNIFICANT INCREASE OR DECREASE TO THE TOTAL AMOUNTS OF UNRECOGNIZED TAX BENEFITS DURING FISCAL YEAR 2012. HOWEVER, THE FOUNDATION IS SUBJECT TO AUDIT BY TAX AUTHORITIES. THE FOUNDATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR THE POSITIONS TAKEN ON ITS TAX RETURNS. 1 EUROPE GRANTS TO RECIPIENT IN REGION SUPPORT OF PROGRAMS OF NATIONAL TRUST FOR SCOTLAND 205369 0 0 0 205369 0 205369 X EUROPE PART IV 205369 CHECK CASH 1 0 0 0 0 0 0 OTHER INFORMATION SCHEDULE F, PART V PART I, QUESTION 1: THE FOUNDATION MAINTAINS RECORDS TO SUBSTANTIATE ALL GRANTS, INCLUDING THE AMOUNT AND PURPOSE OF EACH GRANT. THE FOUNDATION IS A "FRIENDS OF" ORGANIZATION THAT SUPPORTS THE NATIONAL TRUST FOR SCOTLAND. PART 1, QUESTION 2: EACH GRANT IS INDIVIDUALLY MONITORED, TYPICALLY OVER A 12-MONTH PERIOD. THE FOUNDATION REQUIRES FROM THE GRANTEE A LETTER OF WRITTEN ACCEPTANCE OF THE CONDITIONS OF THE GRANT; ON THE 12-MONTH ANNIVERSARY OF THE GRANT A WRITTEN REPORT IS REQUIRED SUMMARIZING THE USE AND DISPOSITION OF THE GRANT. IN ADDITION, THE FOUNDATION MONITORS THROUGH PHONE CALLS, EMAILS, AND SITE VISITS THE STATUS OF THE GRANT DURING THE 12-MONTH PERIOD. GRANTS OF LONGER PERIODS ARE MONITORED AS NEEDED, FOLLOWING THE PROTOCOL NOTED ABOVE. PART II, QUESTION 1, BOX (D): ALL GRANTS SUPPORT ASPECTS OF HISTORIC PRESERVATION OF NATIONAL TRUST FOR SCOTLAND PROPERTIES. NEW YORK EVENT 246936 22025 224911 61798 68457 246936 22025 224911 61798 68457 130255 94656 FORM 990, PART VI, SECTION A, LINE 7A THE NTSF BOARD OF TRUSTEES CONSISTS OF BETWEEN FIVE AND TWENTY-ONE VOTING MEMBERS, IN ADDITION TO WHICH, THERE IS ONE EX OFFICIO MEMBER WITH VOTING POWERS: THE CHIEF EXECUTIVE OF THE NATIONAL TRUST FOR SCOTLAND, THE ORGANIZATION FOR WHOSE BENEFIT THE FOUNDATION MAKES GRANTS. THE PROVISION FOR THIS EX OFFICIO APPOINTMENT IS IN THE FOUNDATION'S BY-LAWS, ARTICLE IV, BOARD OF TRUSTEES, SECTION 1, COMPOSITION. FORM 990, PART VI, SECTION B, LINE 11 THE FULL FORM 990 WAS FIRST REVIEWED BY THE TREASURER; NEXT REVIEWED BY THE FINANCE AND INVESTMENT COMMITTEES; AND FINALLY REVIEWED BY ALL BOARD MEMBERS BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION REQUIRES EACH BOARD MEMBER TO COMPLETE AND SIGN AT EACH ANNUAL MEETING OF THE BOARD THE "TRUSTEES' ETHICS, CONFLICTS, TRANSACTIONS QUESTIONNAIRE." IN ADDITION, THE TREASURER HAS BEEN APPOINTED AS THE TRUSTEE OFFICER TO OVERSEE COMPLIANCE, FROM BOTH STAFF AND TRUSTEES, TO THE FOUNDATION'S ETHICS AND CONFLICT OF INTEREST POLICY. THE TREASURER REVIEWS FINANCIAL TRANSACTIONS AND INVESTIGATES TRANSACTIONS TO ENSURE COMPLIANCE. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION HAS TWO FULL TIME- EMPLOYEES. COMPENSATION REVIEW WAS LAST UNDERTAKEN FOR BOTH THE EXECUTIVE DIRECTOR (TOP MANAGEMENT OFFICAL) AND ASSOCIATE DIRECTOR FOR TAX YEAR ENDED FEBRUARY 28, 2011. FINAL APPROVAL OF COMPENSATION, AS PART OF FY 2011-2012 BUDGET APPROVAL, WAS MADE BY THE FULL BOARD OF TRUSTEES AT A MEETING ON APRIL 15, 2011. DISCUSSION AND DETERMINATIONS WERE REACHED AT AN EXECUTIVE SESSION, FROM WHICH THE EXECUTIVE DIRECTOR AND ASSISTANT DIRECTOR WERE EXCLUDED. ALL TRUSTEES SERVE IN SIMILAR VOLUNTARY AND SUPERVISORY CAPACITIES FOR OTHER NON-PROFITS. ALL TRUSTEES POSSESS EXTENSIVE PERSONAL KNOWLEDGE OF COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARY SITUATED ORGANIZATIONS. IN ADDITION, ALL TRUSTEES ARE INDEPENDENT PERSONS. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S ARTICLES OF INCORPORATION, BY-LAWS, CONFLICT OF INTEREST POLICY AND MOST RECENT AUDITED FINANCIAL STATEMENTS ARE ALL AVAILABLE UPON REQUEST. THE FOUNDATION WILL PROVIDE THESE FREE OF CHARGE IN ELECTRONIC FILES OR, FOR A MINIMAL COPYING CHARGE, IN HARD COPY. THE FOUNDATION REQUIRES 48 HOURS OR 2 BUSINESS DAYS (WHICHEVER PROVIDES MORE TIME) FOR FULFILLMENT OF SUCH A REQUEST. FORM 990, PART XI, LINE 2C THE FINANCE AND INVESTMENT COMMITTEE REVIEWS AND OVERSEES THE AUDIT PROCESS. THE BOARD OF TRUSTEES HAS FINAL RESPONSIBILITY FOR OVERSIGHT OF THE AUDITED FINANCIAL STATEMENTS.