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        </AddressUS>
        <EINOfRecipient>841212586</EINOfRecipient>
        <IRCSection>501(c)(3)</IRCSection>
        <AmountOfCashGrant>15000</AmountOfCashGrant>
        <PurposeOfGrant>To support training and professional development for the board of directors, and the design and implementation of a new program evaluation plan.</PurposeOfGrant>
      </RecipientTable>
      <TotalNbrOf501C3AndGovtGrants>4</TotalNbrOf501C3AndGovtGrants>
      <Form990ScheduleIPartIV>
        <Identifier>Other Information:</Identifier>
        <ReturnReference>Part IV:</ReturnReference>
        <Explanation>Excelerate Foundation monitors the use of grants made in the U.S. through grant agreements and grant final reports. Prior to disbursing grant funds, the Foundation requires a signed grant agreement from the 501c3 recipient organization, stating that funds will only be used in the manner described in their grant application and agreed to by signing the grant agreement. At the conclusion of the grant period, the Foundation requires the submission of a complete grant report from the grantee organization describing how the funds were spent.</Explanation>
      </Form990ScheduleIPartIV>
    </IRS990ScheduleI>
    <IRS990ScheduleO documentId="RetDoc1044400001">
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Section B, line 11</Identifier>
        <Explanation>The Board President conducts a full review of the draft Form 990 in consultation with the accountants and upon completion, the draft 990 is circulated to all board members for review.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Section B, line 12c</Identifier>
        <Explanation>the organization's conflict of interest policy covers all board members. Inquiries regarding conflicts of interest are performed in accordance with the written conflict of interest policy and followed up as needed.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>The Foundation believes that passionate, talented individuals who are committed to the mission of the Excelerate Foundation should be compensated for the time and expertise they are contributing to the Foundation's work through their service on the Board of Directors. The Excelerate Foundation, Inc. compensates board members in a manner consistent with their foundation duties, responsibilities and time commitment as well as consistent with customary and reasonable compensation for not-for-profit officers and directors. Compensation is reviewed annually by the Board of Directors. When setting the compensation levels for individuals noted in Part VII, the Foundation contracted with an independent consultant to perform a market study of compensation. These recommendations were utilized in determining the appropriate compensation. The Board of Directors maintains contemporaneous substantiation of the deliberation and decision making process.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Section C, line 19</Identifier>
        <Explanation>The organization makes its governing documents, conflict of interest policy and financial statements available to public upon request.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
  </ReturnData>
</Return>