2011-11-09T15:18:31-06:00 2011-06-30 RSM MCGLADREY INC 8000 TOWERS CRESCENT DR STE 500 VIENNA VA 221826205 990 2010-07-01 130552040 CARNEGIE ENDOWMENT FOR INTERNATIONAL PEACE CARN 2024837600 1779 MASSACHUSETTS AVE NW WASHINGTON DC 20036 PAUL BALARAN 2024837600 2011-11-08 1 JAMES P SWEENEY CPA 7033366400 2010 2016-03-07 17:11:31Z JESSICA T MATHEWS 1779 MASSACHUSETTS AVE NW WASHINGTON DC 20036 47122969 0 X WWW.CARNEGIEENDOWMENT.ORG X 1929 NY THE CARNEGIE ENDOWMENT FOR INTERNATIONAL PEACE IS A PRIVATE, NONPROFIT ORGRANIZATION DEDICATED TO ADVANCING COOPERATION AMONG NATIONS AND PROMOTING ACTIVE INTERNATIONAL ENGAGEMENT BY THE UNITED STATES. ITS WORK IS NONPARTISAN AND DEDICATED TO ACHIEVING PRACTICAL RESULTS. 26 24 124 0 -241366 -243491 7766473 7379598 2402768 2322637 6366336 11208772 34941 5391 16570518 20916398 778109 335000 0 0 12104304 13627282 0 0 966763 11509552 14327428 24391965 28289710 -7821447 -7373312 271868904 299082246 47584631 46480867 224284273 252601379 X THE CARNEGIE ENDOWMENT FOR INTERNATIONAL PEACE IS A PRIVATE, NONPROFIT ORGANIZATION DEDICATED TO ADVANCING COOPERATION AMONG NATIONS AND PROMOTING ACTIVE INTERNATIONAL ENGAGEMENT BY THE UNITED STATES. FOUNDED IN 1910, ITS WORK IS NONPARTISAN AND DEDICATED TO ACHIEVING PRACTICAL RESULTS.THE ENDOWMENT - CURRENTLY PIONEERING THE FIRST GLOBAL THINK TANK - HAS OPERATIONS IN CHINA, THE MIDDLE EAST, RUSSIA, EUROPE, AND THE UNITED STATES. THESE FIVE LOCATIONS INCLUDE THE CENTERS OF WORLD GOVERNANCE AND THE PLACES WHOSE POLITICAL EVOLUTION AND INTERNATIONAL POLICIES WILL MOST DETERMINE THE NEAR-TERM POSSIBILITIES FOR INTERNATIONAL PEACE AND ECONOMIC ADVANCE. 0 0 6236810 283149 GLOBAL POLICY PROGRAM - PROGRAM FOCUSES ON IMPROVING UNDERSTANDING OF GLOBALIZATION AND IDENTIFYING PRODUCTIVE CHANNELS OF RESPONSE AT ALL LEVELS TO INCREASE THE POSSIBILITY THAT GLOBALIZATION WILL ULTIMATELY UNIFY MORE THAN DIVIDE.RESEARCH PROJECTS SPAN MANY AREAS, INCLUDING DEMOCRACY AND THE RULE OF LAW, THE MIDDLE EAST, NONPROLIFERATION, SOUTH ASIA, INTERNATIONAL ECONOMICS, THE U.S. ROLE IN THE WORLD AND ENERGY AND CLIMATE. 5505800 16137 RUSSIA EURASIA MOSCOW - PROGRAM IS DEDICATED TO PROMOTING INTELLECTUALCOLLABORATION AMONG SCHOLARS AND SPECIALISTS IN THE UNITED STATES, RUSSIA, AND OTHER SUCCESSOR STATES OF THE SOVIET UNION. THE ASSOCIATES CONDUCT AN ACTIVE PROGRAM OF RESEARCH, DISCUSSION, AND PUBLICATION ON SEVERAL THEMES, INCLUDING: POST-SOVIET ECONOMIES IN TRANSITION, RELIGION, SOCIETY AND SECURITY, FOREIGN AND SECURITY POLICY, RUSSIAN DOMESTIC POLITICS, AND NUCLEAR NONPROLIFERATION. 3476301 27303 MIDDLE EAST - PROGRAM COMBINES IN-DEPTH LOCAL KNOWLEDGE WITH INCISIVE COMPARATIVE ANALYSIS TO EXAMINE ECONOMIC, SOCIO-POLITICAL, AND STRATEGIC INTERESTS IN THE ARAB WORLD. THROUGH DETAILED COUNTRY STUDIES AND THE EXPLORATION OF KEY CROSS-CUTTING THEMES, THE PROGRAM PROVIDES ANALYSIS AND RECOMMENDATIONS IN BOTH ENGLISH AND ARABIC THAT ARE DEEPLY INFORMED BY KNOWLEDGE AND VIEWS FROM THE REGION. THE PROGRAM HAS SPECIAL EXPERTISE IN POLITICAL REFORM AND ISLAMIST PARTICIPATION IN PLURALISTIC POLITICS THROUGHOUT THE REGION. 2522906 335000 120629 ASIA - PROGRAM'S RESEARCH SPANS CHINA'S INTERNATIONAL RELATIONS, ITS INTERNAL POLITICAL GOVERNANCE, MACROECONOMIC RELATIONS, MACROECONOMIC MANAGEMENT, REGIONAL ECONOMIC DEVELOPMENT AND CRISIS MANAGEMENT IN U.S.-CHINA RELATIONS. 1232250 EUROPE 335300 221436 CONFERENCE CENTER 1653983 BUILDING 4090456 335000 1996048 19309367 1 1 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 78 0 1 124 1 0 1 BE LE RS 0 0 0 0 0 0 0 0 X 26 24 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 CA DC FL MD NJ NY OK VA X X PAUL BALARAN EXECUTIVE VICE PRESIDENT 2029392223 1779 MASSACHUSETTS AVE NW WASHINGTON DC 20036 RICHARD GIORDANO 5.00 X 0 0 0 STEPHEN R LEWIS JR 2.00 X 529 0 0 KOFI A ANNAN 0.50 X 0 0 0 WILLIAM BRADLEY 2.00 X 0 0 0 GREGORY CRAIG 0.50 X 0 0 0 WILLIAM H DONALDSON 0.50 X 1817 0 0 MOHAMED A EL-ERIAN 0.60 X 0 0 0 HARVEY V FINEBERG 0.60 X 0 0 0 DONALD V FITES 2.00 X 0 0 0 CHAS W FREEMAN JR 0.50 X 0 0 0 JAMES C GAITHER 3.00 X 0 0 0 WILLIAM W GEORGE 3.00 X 0 0 0 PATRICIA HOUSE 0.50 X 0 0 0 LINDA MASON 0.50 X 0 0 0 ZANNY MINTON BEDDOES 0.50 X 0 0 0 RAYMOND MCGUIRE 0.50 X 0 0 0 SUNIL BHARTI MITTAL 0.40 X 0 0 0 CATHERINE JAMES PAGLIA 0.80 X 0 0 0 W TAYLOR REVELEY III 0.50 X 0 0 0 J STAPLETON ROY 0.40 X 100 0 0 VANESSA RUIZ 0.50 X 0 0 0 ASO O TAVITIAN 1.00 X 0 0 0 SHIRLEY TILGHMAN 0.50 X 0 0 0 ROHAN S WEERASINGHE 0.60 X 0 0 0 JESSICA T MATHEWS 40.00 X X 502706 0 42123 PAUL BALARAN 40.00 X X 266291 0 52663 GEORGE PERKOVICH 40.00 X 239758 0 45314 THOMAS CAROTHERS 40.00 X 236459 0 35213 DOUGLAS PAAL 40.00 X 194175 0 32976 PETER REID 40.00 X 149379 0 23932 PAUL HAENLE 40.00 X 270008 0 16005 ASHLEY TELLIS 40.00 X 163437 0 41657 PAUL SALEM 40.00 X 162987 0 26673 URI DADUSH 40.00 X 159311 0 21075 MARTHA OLCOTT 40.00 X 155174 0 22782 KATHLEEN GERARD 40.00 X 183455 0 25133 2685586 0 385546 24 1 1 0 INVESTURE 222 SOUTH STREET CHARLOTTESVILLE VA 22902 INVESTMENT MANAGEMENT 909094 MATRIX GROUP INTERNATIONAL PO BOX 25904 ALEXANDRIA VA 22313 WEBSITE HOSTING & MAINTENANCE 185834 M2 CONSTRUCTION LLC 704 SOUTH KING STREET LEESBURG VA 20175 BUILDING CONSTRUCTION & MAINTENANCE 151442 ARIEL E LEVITE PO BOX 5032 RAMAT-HA SHARON IS CONSULTING SERVICES 128819 FOLEY HOAG LLP 155 SEAPORT BLVD BOSTON MA 02210 LEGAL SERVICES 120984 8 175000 7204598 2214 7379598 RENTAL INCOME 532000 1875418 1875418 GOVERNMENT PROJECTS 900099 248361 248361 MEETING FEES 900099 147108 147108 PUBLICATION 900099 51750 51750 2322637 1749110 -241366 1990476 35666233 26206571 9459662 9459662 9459662 OTHER REVENUE 900099 5391 5391 5391 20916398 2322637 -241366 11455529 335000 335000 1684863 464099 917965 302799 8955074 6518142 2142558 294374 691679 445488 229688 16503 1747034 1131787 586921 28326 548632 347047 174891 26694 173540 91973 81567 125470 35740 89730 867593 867593 2461413 1958191 496397 6825 761775 467899 284122 9754 2411380 1852770 470009 88601 2466896 2239341 227555 855561 640096 214422 1043 1715100 1139780 484069 91251 750221 532127 176380 41714 102443 942 101501 PRINTING & PUBLICATIONS 893187 773596 71309 48282 OTHER EXPENSES 640130 262808 372440 4882 EQUIPMENT RENTAL & MAIN 102719 72541 24463 5715 28289710 19309367 8013580 966763 468152 859795 1284558 2167382 8431727 6264861 737997 875431 781213 987220 33735255 7979801 25953894 25755454 27854438 24250198 205612933 237121652 743992 800253 271868904 299082246 1987310 2755079 33250000 33250000 4953547 4703245 7393774 5772543 47584631 46480867 X 190247479 0 23536794 242101379 10500000 10500000 224284273 252601379 271868904 299082246 X -7373312 35690418 X X 0 1 1 X 0 X 21401066 9228945 7862047 7766473 7379598 53638129 21401066 9228945 7862047 7766473 7379598 53638129 21007258 32630871 1651775 1283505 1147111 1347583 1749110 7179084 20755 87818 14719 34941 5391 163624 60980837 14886098 0.53510 0.55490 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 200832479 2328478 42310294 13715142 231756109 181235174 2497710 33407703 16308108 200832479 233737027 4268226 -38999151 17770928 181235174 0.04530 0.95470 0 0 6374592 6374592 24189802 5602565 18587237 96925 21000 75925 3073936 2356236 717700 25755454 INVESTURE EMERGING MARKET FUND 15345884 F CONVEXITY 10730198 F INVESTURE ALTERNATIVE FUND 59020655 F ACACIA CREDIT FUND 10-B LLC 1341873 F ACACIA CREDIT FUND 10-A LLC 1027272 F ACACIA CREDIT FUND 9-A LLC 187674 F TIFF V-US, LP 1554992 F INVESTURE GLOBAL EQUITY FUND 71940542 F INVESTURE PRIVATE PARTNERSHIP II 8479366 F INVESTURE PRIVATE PARTNERSHIP III 19580766 F INVESTURE EVERGREEN FUND, LP 41140840 F INVESTURE GLOBAL EQUITY FUND - MARKETABLE 3668585 F CASH EQUIVALENTS 3103005 F 237121652 TENANT LIABILITIES 34630 BOND INTEREST PAYABLE 103348 TENANT DEPOSITS 79808 INTEREST RATE SWAP LIABILITY 5554757 5772543 20916398 28289710 -7373312 34007970 1682448 35690418 28317106 55739223 34007970 1682448 35690418 20048805 867593 867593 20916398 27422117 0 27422117 867593 867593 28289710 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: ON SEPTEMBER 17, 2010, THE STATE OF NEW YORK ENACTED THE UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT. THE ENDOWMENT IS SUBJECT TO THE ENACTED VERSION OF NEW YORK UPMIFA (NYPMIFA). THE BOARD OF TRUSTEES HAS INTERPRETED NYPMIFA AS REQUIRING PERMANENTLY RESTRICTED NET ASSETS TO INCLUDE THE ORIGINAL VALUE OF THE GIFTS DONATED AND ADDITIONS MADE TO THE PERMANENT ENDOWMENT IN ACCORDANCE WITH THE DONOR GIFT INSTRUMENT. THE REMAINING PORTION OF THE ENDOWMENT THAT IS NOT CLASSIFIED AS PERMANENTLY RESTRICTED NET ASSETS IS AS CLASSIFIED AS TEMPORARILY RESTRICTED NET ASSETS UNTIL THOSE AMOUNTS ARE APPROPRIATED FOR EXPENDITURE IN A MANNER CONSISTENT WITH THE DONOR GIFT INSTRUMENTS AND THE STANDARD OF PRUDENCE PRESCRIBED BY NYPMIFA. THE ENDOWMENT MAINTAINS A $10 MILLION PERMANENTLY RESTRICTED FUND CONSISTING OF THE ORIGINAL SUMS RECEIVED FROM ANDREW CARNEGIE AND ACCUMULATED INCOME THEREON. THE TERMS OF THE GIFT INSTRUMENT STIPULATED THAT PRINCIPAL MAY NEVER BE EXPENDED BUT THE INCOME IS EXPENDABLE. THE ORIGINAL SUMS RECEIVED WERE REPORTED AS PERMANENTLY RESTRICTED AND ACCUMULATED INCOME HAS BEEN REPORTED AS UNRESTRICTED NET ASSETS. AS A RESULT OF THE ADOPTION OF NYPMIFA, THE ENDOWMENT HAS RECLASSIFIED $221,057,619 OF ACCUMULATED INCOME FROM UNRESTRICTED NET ASSETS TO TEMPORARILY RESTRICTED NET ASSETS AS WELL AS RECLASSIFIED THOSE FUNDS FROM BOARD DESIGNATED TO DONOR RESTRICTED ENDOWMENT FUNDS. APPROPRIATIONS FROM THE ENDOWMENT FUNDS ARE NOT AVAILABLE FOR EXPENDITURE UNTIL THE ANNUAL BUDGET HAS BEEN APPROVED. APPROPRIATIONS MUST FURTHER PROGRAMMATIC GOALS, ADHERE TO THE TERMS OF THE DONOR'S GIFT INSTRUMENT, AND THE STANDARD OF PRUDENCE PRESCRIBED BY NYPMIFA. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE ENDOWMENT IS EXEMPT FROM FEDERAL INCOME TAXES ON ITS EXEMPT ACTIVITIES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE), AND HAS BEEN DESIGNATED BY THE INTERNAL REVENUE SERVICE AS A "PUBLICLY SUPPORTED" ORGANIZATION UNDER SECTION 509(A)(1) OF THE CODE. THE ENDOWMENT ENGAGES IN CERTAIN ACTIVITIES THAT PRODUCE UNRELATED BUSINESS INCOME AS DEFINED BY FEDERAL INCOME TAX REGULATIONS. WHEN TAX RETURNS ARE FILED, IT IS HIGHLY CERTAIN THAT SOME POSITIONS TAKEN WOULD BE SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES, WHILE OTHERS ARE SUBJECT TO UNCERTAINTY ABOUT THE MERITS OF THE POSITION TAKEN OR THE AMOUNT OF THE POSITION THAT WOULD BE ULTIMATELY SUSTAINED. THE BENEFIT OF A TAX POSITION IS RECOGNIZED IN THE FINANCIAL STATEMENTS IN THE PERIOD DURING WHICH, BASED ON ALL AVAILABLE EVIDENCE, MANAGEMENT BELIEVES IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING THE RESOLUTION OF APPEALS OR LITIGATION PROCESSES, IF ANY. TAX POSITIONS TAKEN ARE NOT OFFSET OR AGGREGATED WITH OTHER POSITIONS. TAX POSITIONS THAT MEET THE MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD ARE MEASURED AS THE LARGEST AMOUNT OF TAX BENEFIT THAT IS MORE THAN 50% LIKELY OF BEING REALIZED UPON SETTLEMENT WITH THE APPLICABLE TAXING AUTHORITY. THE PORTION OF THE BENEFITS ASSOCIATED WITH TAX POSITIONS TAKEN THAT EXCEEDS THE AMOUNT MEASURED AS DESCRIBED ABOVE IS REFLECTED AS A LIABILITY FOR UNRECOGNIZED TAX BENEFITS IN THE ACCOMPANYING BALANCE SHEET ALONG WITH ANY ASSOCIATED INTEREST AND PENALTIES THAT WOULD BE PAYABLE TO THE TAXING AUTHORITIES UPON EXAMINATION. THE ENDOWMENT FILES INCOME TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. AS OF JUNE 30, 2011, AND FOR THE YEAR ENDED, THERE WERE NO MATERIAL UNRECOGNIZED/DERECOGNIZED TAX BENEFITS OR TAX PENALTIES OR INTEREST. WITH FEW EXCEPTIONS, THE ENDOWMENT IS NO LONGER SUBJECT TO U.S. FEDERAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2008. PART XI, LINE 8 - OTHER ADJUSTMENTS: FAIR VALUE GAIN ON INTEREST RATE SWAP AGREEMENT 1,569,909. FOREIGN CURRENCY EXCHANGE GAIN 112,539. PART XII, LINE 2D - OTHER ADJUSTMENTS: FAIR VALUE GAIN ON INTEREST RATE SWAP AGREEMENT 1,569,909. FOREIGN CURRENCY EXCHANGE GAIN 112,539. 1 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES GLOBAL POLICY PROGRAM 80 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES ASIA PROGRAM 710407 EAST ASIA AND THE PACIFIC 0 0 GRANT MAKING ASIA PROGRAM 335000 EAST ASIA AND THE PACIFIC 1 2 MAINTAINING OFFICE BEIJING OFFICE 553903 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES GLOBAL POLICY PROGRAM 1602779 EUROPE (INCLUDING ICELAND & GREENLAND) 1 10 MAINTAINING OFFICE BRUSSELS OFFICE 788179 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES GLOBAL POLICY PROGRAM 757043 MIDDLE EAST AND NORTH AFRICA 1 12 MAINTAINING OFFICE BEIRUT OFFICE 811236 RUSSIA & THE NEWLY INDEPENDENT STATES 0 0 PROGRAM SERVICES RUSSIA EURASIA MOSCOW 781350 RUSSIA & THE NEWLY INDEPENDENT STATES 1 35 MAINTAINING OFFICE MOSCOW OFFICE 1970828 SOUTH AMERICA 0 0 PROGRAM SERVICES GLOBAL POLICY PROGRAM 13338 SOUTH ASIA 0 0 PROGRAM SERVICES GLOBAL POLICY PROGRAM 68834 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES GLOBAL POLICY PROGRAM 1253 24 35 59 5558627 2835603 8394230 EAST ASIA AND THE PACIFIC DEVELOPMENT OF CARNEGIE ENDOWMENT FOR INTERNATIONAL PEACE - TSINGHUA UNIVERSITY SCHOOL OF HUMANITIES AND SOCIAL SCIENCES, CENTER FOR GLOBAL POLICY. 335000 WIRE TRANSFER 1 0 1 0 0 0 0 0 PROCEDURE FOR MONITORING GRANTS OUTSIDE THE U.S.: SCHEDULE F, PART I, LINE 2: THE ENDOWMENT MADE ONE GRANT OUTSIDE OF THE UNITED STATES TO THE TSINGHUA UNIVERSITY EDUCATION FOUNDATION TO ESTABLISH AND DEVELOP THE CARNEGIE TSINGHUA CENTER. REPRESENTATIVES FROM THE ENDOWMENT PARTICIPATE IN AT LEAST ONE ANNUAL MEETING OF THE MANAGEMENT COMMITTEE RESPONSIBLE FOR PROJECT PLANNING, DEVELOPMENT STRATEGY, BUDGETARY AND FUNDING ESTIMATES, AND OTHER SUPERVISORY MATTERS. REPRESENTATIVES FROM THE ENDOWMENT AND TSINGHUA EDUCATION FOUNDATION JOINTLY APPROVE ALL EXPENSES TO BE PAID FOR WITH THE GRANT FUNDS PRIOR TO PAYMENT. X X X 1 1 X X X 1 0 0 0 0 0 0 1 0 JESSICA T MATHEWS 449142 0 50000 0 3564 0 36750 0 7529 0 546985 0 0 0 PAUL BALARAN 262727 0 0 0 3564 0 36750 0 18012 0 321053 0 0 0 GEORGE PERKOVICH 223516 0 15000 0 1242 0 34800 0 12471 0 287029 0 0 0 THOMAS CAROTHERS 230217 0 5000 0 1242 0 35213 0 1779 0 273451 0 0 0 DOUGLAS PAAL 190611 0 0 0 3564 0 27275 0 7476 0 228926 0 0 0 PETER REID 133839 0 15000 0 540 0 20351 0 4668 0 174398 0 0 0 PAUL HAENLE 259509 0 10000 0 499 0 1941 0 15460 0 287409 0 0 0 ASHLEY TELLIS 162584 0 0 0 853 0 25744 0 17525 0 206706 0 0 0 PAUL SALEM 161840 0 0 0 1147 0 22737 0 5388 0 191112 0 0 0 URI DADUSH 156000 0 0 0 3311 0 21075 0 1648 0 182034 0 0 0 MARTHA OLCOTT 151881 0 0 0 3293 0 22782 0 1553 0 179509 0 0 0 KATHLEEN GERARD 155920 0 0 0 27535 0 19105 0 6691 0 209251 0 0 0 PART I, LINE 1A A HOUSING ALLOWANCE WAS PAID TO ONE EMPLOYEE REPORTED ON THE FORM 990 DURING 2010. THE EMPLOYEE WAS AN OFFICER OF CARNEGIE THAT LIVED IN NEW YORK, BUT WORKED AT CARNEGIE'S DC OFFICE. A HOUSING ALLOWANCE WAS PAID TO THE EMPLOYEE FOR A RESIDENCE IN DC DURING THE WEEK. CARNEGIE'S CONSTITUTION AND BY-LAWS STATE THAT THE CORPORATION SHALL REIMBURSE THE TRUSTEES FOR THE EXPENSES OF THEIR SPOUSE IN ACCOMPANYING THEM TO MEETINGS OF THE BOARD OF TRUSTEES. THE HOUSING ALLOWANCE AND TRAVEL FOR COMPANIONS ARE TAXABLE TO THOSE INDIVIDUALS THAT RECEIVE THE BENEFIT. PART I, LINE 4A THE ORGANIZATION PROVIDES SEVERANCE AT THE INSTITUTION'S DISCRETION BASED ON POSITION AND YEARS OF SERVICE. KATHLEEN GERARD: $25,000. PART I, LINE 7 DISCRETIONARY BONUSES ARE AWARDED TO EMPLOYEES FOR SUPERIOR PERFORMANCE. THE BONUS AMOUNT FOR THE PRESIDENT IS RECOMMENDED BY THE GOVERNANCE COMMITTEE AND APPROVED BY THE BOARD OF TRUSTEES. OTHER BONUS AMOUNTS ARE RECOMMENDED BY THE PRESIDENT AND APPROVED BY THE GOVERNANCE COMMITTEE OF THE BOARD OF TRUSTEES. DISTRICT OF COLUMBIA 536001131 254839K92 2006-05-10 33250000 REFUND A PRIOR ISSUANCE OF DC REVENUE BONDS ISSUED MARCH 1, 1996. 0 0 0 33250000 468642 0 0 1 1 0 1 1 MORGAN STANLEY CAPITAL SERVICES 36.000000000000 0 0 0 0 0 ROBERT LEGVOLD ROBERT LEGVOLD WAS A FORMER TRUSTEE 65004 PAYMENTS WERE FOR HIS SERVICE AS A CONSULTANT TO THE ORGANIZATION AFTER HE VACATED HIS TRUSTEE POSITION. 0 FORM 990, PART VI, SECTION B, LINE 11 PRIOR TO FILING, THE FORM 990 MUST BE REVIEWED BY SEVERAL DIFFERENT LAYERS WITHIN THE ORGANIZATION AS WELL AS BY THE ORGANIZATION'S EXTERNAL LEGAL COUNSEL. A COPY OF THE DRAFT FORM 990, PREPARED BY RSM MCGLADREY, INC. IS DISTRIBUTED TO ALL MEMBERS OF THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES FOR REVIEW. A REPRESENTATIVE FROM RSM MCGLADREY, INC. MEETS WITH MEMBERS OF THE AUDIT COMMITTEE AT THE OCTOBER BOARD OF TRUSTEES MEETING TO PROVIDE AN OVERVIEW OF THE ORGANIZATION'S CURRENT YEAR FORM 990. THE CHIEF FINANCIAL OFFICER THEN CLOSELY REVIEWS THE FORM 990 AND AGREES ALL AMOUNTS AND DISCLOSURES REFLECTED ON THE FORM TO THE ORGANIZATION'S BOOKS AND RECORDS. THE DRAFT FORM 990 IS THEN REVIEWED BY THE ORGANIZATION'S EXTERNAL LEGAL COUNSEL. THE EXECUTIVE VICE PRESIDENT PERFORMS A REVIEW OF THE FORM 990 PRIOR TO SIGNING. LASTLY, THE FINAL FORM 990 IS SENT TO ALL MEMBERS OF THE BOARD OF TRUSTEES PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION MONITORS COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY BY REQUIRING THAT ALL MEMBERS OF THE BOARD OF TRUSTEES, OFFICERS, AND KEY EMPLOYEES SUBMIT AN ANNUAL DISCLOSURE FORM INDICATING WHETHER A FAMILY RELATIONSHIP OR A BUSINESS RELATIONSHIP WITH ANY OFFICER, KEY EMPLOYEE, OR TRUSTEE EXISTS. THE TRUSTEES MUST ALSO LIST ALL AFFILIATIONS WITH ORGANIZATIONS IN WHICH THE TRUSTEE OR IMMEDIATE FAMILY IS AN OFFICER, DIRECTOR, TRUSTEE, OR MAJORITY OWNER. THE TRUSTEE MUST DISCLOSE ANY ACTIVITIES THAT ARE IN CONFLICT WITH THE TRUSTEE'S SERVICE TO THE ORGANIZATION. MEMBERS OF THE BOARD OF TRUSTEES SUBMIT THEIR DISCLOSURE FORMS TO THE CHAIRMAN OF THE AUDIT COMMITTEE FOR REVIEW. ANY PROPOSED TRANSACTION IN WHICH A TRUSTEE HAS A CONFLICT OF INTEREST MUST BE APPROVED BY A MAJORITY OF THE MEMBERS OF THE BOARD OF TRUSTEES OR THE APPLICABLE COMMITTEE ENTITLED TO VOTE WITH THE EXCEPTION OF THE TRUSTEE WITH THE CONFLICT. THE OFFICERS AND KEY EMPLOYEES SUBMIT THEIR ANNUAL DISCLOSURE FORMS TO THE CHIEF FINANCIAL OFFICER FOR REVIEW. FOR ALL EMPLOYEES, THE ORGANIZATION REQUIRES THAT EMPLOYEES ANNUALLY REVIEW THE CODE OF ETHICS POLICY THAT CONTAINS THE CONFLICT OF INTEREST POLICY. MANAGEMENT IS REQUIRED TO SUBMIT AN ANNUAL DISCLOSURE FORM OF OUTSIDE AFFILIATES TO THE DIRECTOR OF HUMAN RESOURCES. THE EXECUTIVE VICE PRESIDENT AND DIRECTOR OF HUMAN RESOURCES REVIEW ALL EMPLOYEE DISCLOSURE FORMS. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION FOR THE ORGANIZATION'S PRESIDENT IS RECOMMENDED ANNUALLY BY THE GOVERNANCE COMMITTEE OF THE BOARD OF TRUSTEES AND IS BASED ON PERFORMANCE AND INDEPENDENT SURVEYS OF COMPENSATION FOR EXECUTIVE OFFICERS WITHIN THE NON-PROFIT INDUSTRY AND COMPARABILITY CHARTS. THE BOARD OF TRUSTEES APPROVES THE PRESIDENT'S ANNUAL COMPENSATION. THE ANNUAL COMPENSATION FOR OFFICERS IS RECOMMENDED BY THE ORGANIZATION'S PRESIDENT TO THE GOVERNANCE COMMITTEE AND IS BASED ON PERFORMANCE AND REVIEW OF COMPARABILITY CHARTS AND INDEPENDENT COMPENSATION SURVEYS FOR MANAGEMENT OF NON-PROFITS. THE GOVERNANCE COMMITTEE CONSIDERS THE RECOMMENDATION AND MAKES REVISIONS IF NECESSARY PRIOR TO RECOMMENDING TO THE BOARD OF TRUSTEES. THE BOARD OF TRUSTEES APPROVES THE ANNUAL COMPENSATION FOR OFFICERS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 34,007,970. FAIR VALUE GAIN ON INTEREST RATE SWAP AGREEMENT 1,569,909. FOREIGN CURRENCY EXCHANGE GAIN 112,539. TOTAL TO FORM 990, PART XI, LINE 5: 35,690,418. FORM 990, PART XII, LINE 2C THE PROCESS FOR OVERSEEING THE AUDIT OF THE FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT THAT AUDITED THE FINANCIAL STATEMENTS HAS BEEN CONSISTENT WITH PRIOR YEARS.