2011-11-15T11:28:42-06:00 2010-12-31 WOLF & COMPANY LLP 1901 S MEYERS RD SUITE 500 OAKBROOK TERRACE IL 601815209 990 2010-01-01 363466802 EVANSTON COMMUNITY FOUNDATION INC EVAN 8474920990 1007 CHURCH STREET NO 108 EVANSTON IL 60201 SARA L SCHASTOK 8474920990 2011-11-07 1 JODY A GAUTHIER 6305454500 2010 2016-03-07 17:11:31Z SARA L SCHASTOK 1007 CHURCH STREET NO 108 EVANSTON IL 60201 3406945 0 X WWW.EVANSTONFOREVER.ORG X 1986 IL HELPING EVANSTON THRIVE NOW AND FOREVER AS A VIBRANT, INCLUSIVE, AND JUST COMMUNITY, THE EVANSTON COMMUNITY FOUNDATION BUILDS, CONNECTS, AND DISTRIBUTES RESOURCES AND KNOWLEDGE THROUGH LOCAL ORGANIZATIONS FOR THE PUBLIC GOOD. 21 21 8 135 0 0 1651234 2355364 66450 73735 177524 327600 5497 7289 1900705 2763988 1004683 1134281 0 0 502668 547131 0 0 121247 487715 301761 1995066 1983173 -94361 780815 11151849 14206724 371057 1580793 10780792 12625931 X HELPING EVANSTON THRIVE NOW AND FOREVER AS A VIBRANT, INCLUSIVE, AND JUST COMMUNITY, THE EVANSTON COMMUNITY FOUNDATION BUILDS, CONNECTS, AND DISTRIBUTES RESOURCES AND KNOWLEDGE THROUGH LOCAL ORGANIZATIONS FOR THE PUBLIC GOOD.THE FOUNDATION * BUILDS ENDOWMENTS FOR CURRENT AND FUTURE OPPORTUNITIES * FOSTERS PRIVATE PHILANTHROPY * FOCUSES THE IMPACT OF COLLECTIVE GIVING * FINDS SOLUTIONS TO COMMUNITY CHALLENGES * ALLOCATES GRANTS * PROVIDES LEADERSHIP TRAININGTHE FOUNDATION STRENGTHENS THE COMMUNITY'S NONPROFIT ORGANIZATIONS AND SERVES ITS DONORS THROUGH INNOVATIVE GRANTMAKING AND PARTNERSHIPS WITH OTHER PHILANTHROPIC ORGANIZATIONS AND INDIVIDUALS. THE FOUNDATION EVALUATES THE EFFECTIVENESS OF ITS GRANTMAKING THROUGH PERIODIC INTERACTIONS WITH GRANTEES. 0 0 959863 416689 THE FOUNDATION'S ENDOWED FUNDS, TOGETHER WITH CURRENT GIFTS FROM PHILANTHROPIC PARTNERS, SUPPORTED GRANTS TO MORE THAN 80 ORGANIZATIONS IN 2010. THE FOUNDATION RAISED MORE THAN $600,000 IN GIFTS TO ITS ENDOWED FUNDS IN 2010 THAT WILL GENERATE FUNDING FOR FUTURE PROGRAM INITIATIVES AND GRANTS. 587582 329295 73735 THE ILLINOIS EARLY CHILDHOOD FELLOWSHIP IS AN INITIATIVE DEVELOPED IN 2008 BY A CONSORTIUM OF SIX CHICAGO AREA FUNDERS TO BUILD LEADERSHIP CAPACITY IN THE FIELD OF EARLY CHILDHOOD CARE AND EDUCATION. THE FOUNDATION SERVES AS THE FISCAL SPONSOR FOR THE INITIATIVE. 173410 130010 THE FOUNDATION'S COMMUNITYWORKS INITIATIVE, "EVERY CHILD READY FOR KINDERGARTEN, EVERY YOUTH READY FOR WORK" IS THE FOUNDATION'S LARGEST PROGRAM. 2010 WAS THE FOURTH FULL YEAR OF THE PROGRAM WHICH FOCUSES ON HOME VISITING AND RELATED SUPPORT SERVICES FOR HIGH RISK FAMILIES OF CHILDREN UNDER THE AGE OF 3, AS A FIRST STEP TOWARD KINDERGARTEN READINESS. IN 2010, THE FOUNDATION BUILT UPON ITS 2009 EXAMINATION OF ACCESS TO JOBS AND TRAINING AVAILABLE TO YOUTH WHO DO NOT ATTEND COLLEGE, EXPANDING ITS WORK ON THE 'EVERY YOUTH READY FOR WORK' COMPONENT OF THE COMMUNITYWORKS INITIATIVE. 1720855 1 1 0 0 1 0 0 1 1 1 0 0 0 1 0 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 18 0 8 1 0 0 0 0 0 1 1 0 0 0 0 X 21 21 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X X JAN FISCHER 8474920990 1007 CHURCH STREET SUITE 108 EVANSTON IL 60201 JUDY AIELLO 2.00 X X 0 0 0 LONNIE BAREFIELD 2.00 X 0 0 0 MIKE BRODY 2.00 X 0 0 0 JULIE CAPTAIN 2.00 X 0 0 0 JULIE CHERNOFF 2.00 X 0 0 0 DIANA COHEN 2.00 X 0 0 0 MARVIN COHEN 2.00 X 0 0 0 MARY FINNEGAN 2.00 X X 0 0 0 KENDAL GLADISH 2.00 X 0 0 0 JOAN GUNZBERG 2.00 X 0 0 0 BURGIE HOWARD 2.00 X 0 0 0 JUDY KEMP 2.00 X X 0 0 0 LUCILE KRASNOW 2.00 X 0 0 0 BILL LOGAN 2.00 X 0 0 0 JOHN MCCARTHY 2.00 X 0 0 0 KEVIN MOTT 2.00 X X 0 0 0 DICK PEACH 2.00 X 0 0 0 KIM PERUTZ 2.00 X 0 0 0 PENELOPE SACHS 2.00 X X 0 0 0 SHABNUM SANGHVI 2.00 X 0 0 0 RONNA STAMM 2.00 X 0 0 0 SARA SCHASTOK 40.00 X X 113370 0 23741 113370 0 23741 1 0 0 0 ALICE COTTINGHAM & ASSOCIATES 513 LYMAN AVE OAK PARK IL 60304 IL EARLY CHILDHOOD FELLOWSHIP PROJECT 101839 1 50721 2304643 135769 2355364 FISCAL SPONSORSHIP FEE 561000 38933 38933 TUITION AND FEES 561000 34802 34802 73735 339563 339563 609471 621434 -11963 -11963 -11963 28812 50721 21523 7289 7289 2763988 73735 0 334889 1134281 1134281 125600 106760 12560 6280 297115 196287 62264 38564 94730 64658 20302 9770 29686 21219 5313 3154 43533 34521 7794 1218 638 319 319 17500 13125 4375 7102 7102 58512 14840 15919 27753 55890 46029 5709 4152 15261 15250 11 6564 4782 1032 750 1007 606 306 95 ANNUAL REPORT & NEWSLET 47718 40142 7576 COMMUNICATIONS 28410 8183 1253 18974 STAFF AND BOARD EXPENSE 14767 9337 3085 2345 DUES AND SUBSCRIPTIONS 4859 3414 840 605 1983173 1720855 141071 121247 43106 52061 850133 1050598 147612 160409 14999 17767 8302 8302 108336 97896 13405 10440 10004292 12907147 70000 11151849 14206724 43047 55850 29152 25335 10800 14070 263667 1463147 24391 22391 371057 1580793 X 4139176 5266727 6612424 7330012 29192 29192 10780792 12625931 11151849 14206724 X 780815 1064324 X X 0 1 1 X 0 X 1433090 1436592 5606498 1651234 2355364 12482778 1433090 1436592 5606498 1651234 2355364 12482778 12482778 323928 522942 400307 177524 339563 1764264 14247042 257778 0.87620 0.87650 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12 335775 141835 1062612 1 1 0 1 9811606 667555 1170945 393367 11256739 9261765 120603 1764949 767740 456434 111537 9811606 7140294 4904571 -1842641 732851 125352 82256 9261765 0.37530 0.00260 0.62210 0 0 97511 87071 10440 10825 10825 0 10440 CHARITABLE GIFT ANNUITIES PAYABLE 22391 22391 2763988 1983173 780815 1218146 -153822 1064324 1845139 3828312 1218146 -153822 1064324 2763988 0 2763988 1983173 0 1983173 0 1983173 PART IV, LINE 2B: FUNDS HELD AS AGENCY ENDOWMENTS REPRESENT ASSETS OF OTHER NON-PROFIT ORGANIZATIONS THAT HAVE BEEN CONVEYED TO THE FOUNDATION TO ESTABLISH FUNDS FOR THE BENEFIT OF THE ORGANIZATIONS. THE ASSETS BECOME A PART OF THE FOUNDATION'S INVESTMENT PORTFOLIO, AND RECEIVE AN ALLOCATION OF INVESTMENT RETURNS, AS WELL AS INVESTMENT AND ACCOUNTING EXPENSES. THESE FUNDS ARE ALSO ASSESSED AN ADMINISTRATIVE FEE. THE FOUNDATION MAY RECEIVE CONTRIBUTIONS TO THESE FUNDS FROM THE GENERAL PUBLIC, AND THE ORGANIZATIONS RECEIVE PERIODIC DISTRIBUTIONS FROM THE FUNDS. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: EVANSTON COMMUNITY FOUNDATION BUILDS ENDOWMENTS THAT SUPPORT ITS GRANTMAKING AND PROGRAM INITIATIVES, LEADERSHIP DEVELOPMENT AND RELATED ACTIVITIES FOR THE BENEFIT OF THE PEOPLE OF EVANSTON, ILLINOIS AND SURROUNDING COMMUNITIES, NOW AND IN THE FUTURE. PERMANENT ENDOWMENTS HAVE BEEN DESIGNATED BY DONORS TO GROW IN PERPETUITY WHILE GENERATING ANNUAL SPENDING ALLOWANCES TO SUPPORT THE OPERATIONS, GRANTMAKING, AND PROGRAMS OF THE FOUNDATION AND DESIGNATED ORGANIZATIONS. BOARD-DESIGNATED ENDOWMENT FUNDS HAVE BEEN EARMARKED BY THE BOARD TO GROW IN PERPETUITY WHILE GENERATING ANNUAL SPENDING ALLOWANCES TO SUPPORT FOUNDATION OPERATIONS, GRANTMAKING AND PROGRAMS. PART XI, LINE 8 - OTHER ADJUSTMENTS: NET INVESTMENT INCOME ALLOCATED TO FUNDS HELD AS AGENCY ENDOWMENTS PART XII, LINE 2D - OTHER ADJUSTMENTS: NET INVESTMENT INCOME ALLOCATED TO FUNDS HELD AS AGENCY ENDOWMENTS -153,822. CELEBRATE EVANSTON 79533 50721 28812 9089 12434 79533 50721 28812 9089 12434 21523 7289 1 EVANSTON SKOKIE SCHOOL DISTRICT 65 1500 MCDANIEL AVENUE EVANSTON IL 60201 366007570 40700 EVERY CHILD READY FOR KINDERGARTEN INITIATIVE INCLUDING PARENTS AS TEACHERS PROGRAM AND MENTAL HEALTH CONSULTANCY SYRACUSE UNIVERSITY SOCIETY OF FELLOWS OFFICE OF GIVING PROGRAMS 820 COMSTOCK AVENUE SUITE 100 SYRACUSE NY 13244 150532081 501(C)(3) 10000 LC SMITH COLLEGE OF ENGINEERING AND COMPUTER SCIENCE THE FAMILY ROOM 3009 CENTRAL STREET EVANSTON IL 60201 161649901 501(C)(3) 3000 EVERY CHILD READY FOR KINDERGARTEN INITIATIVE AND CAPACITY BUILDING PROJECTS POSITIVE PARENTING DUPAGE 105 S VILLA AVE VILLA PARK IL 60181 203152418 501(C)(3) 84765 ILLINOIS EARLY CHILDHOOD FELLOWSHIP FOR THE DEVELOPMENT OF LEADERS IN THE FIELD OF EARLY CHILDHOOD PERCOLATOR FILMS PO BOX 5572 EVANSTON IL 60204 263741372 501(C)(3) 10000 ROOT2FRUIT 2010 INFANT WELFARE SOCIETY OF EVANSTON 2200 MAIN STREET EVANSTON IL 60202 362167753 501(C)(3) 78510 EVERY CHILD READY FOR KINDERGARTEN INITIATIVE AND ENGAGING FAMILIES: PARENTAL EDUCATION AND PARENT-CHILD PLAY GROUPS PROGRAM EVANSTON COALITION FOR LATINO RESOURCES PO BOX 466 EVANSTON IL 60201 362167940 501(C)(3) 10000 CAPACITY BUILDING PROJECTS YWCA EVANSTONNORTH SHORE 1215 CHURCH STREET EVANSTON IL 60201 362193618 501(C)(3) 15000 COMMUNITY-BASED COUNSELING, COURT-BASED LEGAL ADVOCACY, AND CAPACITY BUILDING PROGRAMS NORTH SHORE SENIOR CENTER 161 NORTHFIELD ROAD WINNETKA IL 60093 362366074 501(C)(3) 1250 GRANDPARENTS RAISING GRANDCHILDREN AND LOW VISION SUPPORT PROGRAMS ROGER BALDWIN FOUNDATION OF ACLU 180 NORTH MICHIGAN AVENUE SUITE 2300 CHICAGO IL 60601 362682569 501(C)(3) 5000 GENERAL OPERATING SUPPORT ILLINOIS ACTION FOR CHILDREN 4753 BROADWAY SUITE 1200 CHICAGO IL 60640 362712912 501(C)(3) 84765 ILLINOIS EARLY CHILDHOOD FELLOWSHIP FOR THE DEVELOPMENT OF LEADERS IN THE FIELD OF EARLY CHILDHOOD YOU (YOUTH ORGANIZATIONS UMBRELLA) 1027 SHERMAN AVENUE EVANSTON IL 60202 362734966 501(C)(3) 2500 REINFORCING TEEN REACH PROJECT AND GENERAL OPERATING SUPPORT TRILOGY INC 1400 W GREENLEAF CHICAGO IL 60626 362795409 501(C)(3) 2500 EVANSTON OUTREACH SERVICES THE HARBOUR 1440 RENAISSANCE DRIVE SUITE 240 PARK RIDGE IL 60068 362827480 501(C)(3) 5000 TRANSITIONAL LIVING PROGRAM PEER SERVICES INC 906 DAVIS STREET EVANSTON IL 60201 362848969 501(C)(3) 5000 ENHANCING OPTIONS THROUGH EVIDENCE-BASED PRACTICES PROGRAM AND CAPACITY BUILDING PROJECTS SERVICES FOR ADULTS STAYING IN THEIR HOMES (SASI) 1123 EMERSON 200 EVANSTON IL 60201 362852651 501(C)(3) 10000 CAPACITY BUILDING PROJECTS FAMILY FOCUS - EVANSTON 2010 DEWEY AVENUE EVANSTON IL 60201 362884042 501(C)(3) 10000 HEALTHY TOGETHER AND PREGNANT AND PARENTING TEENS PROGRAMS NEXT THEATRE CO 927 NOYES STREET SUITE 108 EVANSTON IL 60201 363158530 501(C)(3) 8000 EVANSTON'S NEXT GENERATION YOUTH PROGRAM AND GENERAL OPERATING SUPPORT INTERFAITH ACTION OF EVANSTON PO BOX 1414 EVANSTON IL 60204 363169298 501(C)(3) 7900 EMPLOYMENT READINESS PROGRAM AND GENERAL OPERATING SUPPORT JAMES B MORAN CENTER FOR YOUTH ADVOCACY 1123 EMERSON SUITE 203 EVANSTON IL 60201 363180725 501(C)(3) 10000 ALL CLEAR EVANSTON PROGRAM OUNCE OF PREVENTION 33 W MONROE SUITE 2400 CHICAGO IL 60603 363186328 501(C)(3) 84765 ILLINOIS EARLY CHILDHOOD FELLOWSHIP FOR THE DEVELOPMENT OF LEADERS IN THE FIELD OF EARLY CHILDHOOD YOUTH JOB CENTER OF EVANSTON 1114 CHURCH ST EVANSTON IL 60201 363252809 501(C)(3) 7500 EMPLOYER OUTREACH INITIATIVE ACCESS COMMUNITY HEALTH NETWORK 222 NORTH CANAL STREET CHICAGO IL 60606 363317058 501(C)(3) 8200 EVANSTON OUTREACH CAMPAIGN AT ST. FRANCIS HEALTH CENTER CONNECTIONS 2010 DEWEY 3RD FLOOR EVANSTON IL 60201 363346917 501(C)(3) 7500 COLLABORATION WITH HOUSING OPPORTUNITIES DEVELOPMENT CORP AND RESOURCE DEVELOPMENT EVANSTON FESTIVAL THEATRE INC 600 MAIN STREET EVANSTON IL 60202 363363432 501(C)(3) 10000 CAPACITY BUILDING PROJECTS AND ENERGY EFFICIENCY/LIGHTING UPGRADES MIDTOWN EDUCATIONAL FOUNDATION 718 SOUTH LOOMIS STREET CHICAGO IL 60607 363417278 501(C)(3) 10000 EDUCATIONAL AWARDS FOR CHICAGO URBAN YOUTH LATINO POLICY FORUM 20 E JACKSON SUITE 1550 CHICAGO IL 60604 363676873 501(C)(3) 75000 ILLINOIS EARLY CHILDHOOD FELLOWSHIP FOR THE DEVELOPMENT OF LEADERS IN THE FIELD OF EARLY CHILDHOOD OPEN STUDIO PROJECT 903 SHERMAN AVENUE EVANSTON IL 60202 363894275 501(C)(3) 5000 [RE]CREATION: A PROGRAM FOR ALL OUR SONS HAVE DREAMS 515 BUSSE HIGHWAY SUITE 150 PARK RIDGE IL 60068 364078008 501(C)(3) 8000 AUTISM RESOURCE OUTREACH INITIATIVE CENTER FOR INDEPENDENT FUTURES 743 MAIN STREET EVANSTON IL 60202 364492994 501(C)(3) 15000 FULL LIFE FUTURES PROGRAM AT EVANSTON TOWNSHIP HIGH SCHOOL ETHS DISTRICT 202 1600 DODGE AVENUE EVANSTON IL 60204 366004393 6100 EDIBLE ACRE PILOT PROJECT EVANSTON PUBLIC LIBRARY 1703 ORRINGTON AVE EVANSTON IL 60201 366005870 501(C)(3) 9700 TEACHERS LEARNING TOGETHER PROGRAM AND EVERY CHILD READY FOR KINDERGARTEN INITIATIVE LEELANAU CONSERVANCY 105 NORTH MAIN STREET LELAND MI 49654 382710855 501(C)(3) 10000 OPERATIONS SUPPORT, DUNES PRESERVATIONS AND FARMLANDPPROTECTION LIFT-EVANSTON 1932 DEWEY AVENUE EVANSTON IL 60201 522168409 501(C)(3) 10000 CREATION OF AN OPEN SOURCE HOUSING WEBSITE 32 2 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: IN ORDER TO BE CONSIDERED FOR A GRANT, AN APPLICANT MUST BE A 501(C)3 OR OTHER ORGANIZATION QUALIFIED TO RECEIVE GIFT/GRANTS OR MUST HAVE A FISCAL SPONSOR; CURRENT TAX-EXEMPT STATUS IS VERIFIED USING THE GUIDESTAR CHARITY CHECK SERVICE. BEFORE GRANT MONIES ARE DISTRIBUTED, ALL GRANTEES SIGN A GRANT AGREEMENT THAT SPECIFIES HOW THE GRANT FUNDS ARE TO BE USED AND WHEN THE GRANTEE IS REQUIRED TO REPORT ON PROJECT STATUS. GRANTS ARE PAID IN TWO INSTALLMENTS. THE FIRST INSTALLMENT IS ISSUED UPON THE FOUNDATION'S RECEIPT OF THE SIGNED GRANT AGREEMENT; THE SECOND/FINAL GRANT INSTALLMENT IS RELEASED AFTER THE FOUNDATION HAS RECEIVED AN INTERIM REPORT FROM THE GRANTEE AND HAS DETERMINED THE PROJECT FUNDED BY THE GRANT IS PROGRESSING IN A MANNER CONSISTENT WITH THE GRANT AGREEMENT. AS A CONDITION OF RECEIVING THE FIRST INSTALLMENT, GRANTEES AGREE TO CONTACT THE FOUNDATION IF CIRCUMSTANCES ENCOUNTERED IN IMPLEMENTING THE GRANT PROJECT WILL AFFECT THEIR ABILITY TO USE THE GRANT FUNDS AND/OR EXECUTE THE GRANT PROJECT AS STIPULATED IN THE GRANT AGREEMENT. THE FOUNDATION CONDUCTS SITE VISITS FOR EVERY GRANT PROJECT, TO CONFIRM GRANT FUNDS ARE BEING SPENT AS INTENDED AND TO ASSESS PROGRESS TOWARD OBJECTIVES. DONOR ADVISED FUND GRANTS - GRANTS FROM A DONOR ADVISED FUND MAY BE APPROVED AND ISSUED IF THE FOUNDATION DETERMINES THAT ALL THREE OF THE FOLLOWING REQUIREMENTS HAVE BEEN MET: (1) THE PROPOSED RECIPIENT ORGANIZATION IS A 501(C)(3) ORGANIZATION AND IS NOT A SUPPORTING ORGANIZATION UNDER IRS CODE SECTION 509(A)(3); GUIDESTAR CHARITY CHECK SERVICE IS USED TO VERIFY CURRENT EXEMPT STATUS. (2) NO PART OF THE DISTRIBUTION WILL INURE TO THE BENEFIT OF THE DONOR. (3) THE DISTRIBUTION IS CONSISTENT WITH THE PURPOSES OF THE FOUNDATION. X 6 135769 AVERAGE MARKET VALUE 0 0 1 THIRD PARTY USE: PART I, LINE 32B: GIFTS OF STOCK ARE SOLD THROUGH THE ORGANIZATIONS' INVESTMENT CUSTODIAN. FORM 990, PART VI, SECTION A, LINE 4 BYLAWS WERE REVISED TO ALLOW THOSE BOARD MEMBERS WHO ARE ENGAGED IN LONG TERM INITIATIVES TO CONTINUE THEIR BOARD SERVICE FOR AN ADDITIONAL THREE YEAR TERM. AS A RESULT, THE FOUNDATION'S DIRECTORS ARE NOW ELIGIBLE TO SERVE UP TO THREE FULL CONSECUTIVE THREE-YEAR TERMS. FORM 990, PART VI, SECTION B, LINE 11 A DRAFT VERSION OF THE FORM 990 IS PRESENTED TO THE AUDIT AND EXECUTIVE COMMITTEES AS REPRESENTATIVES OF THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL PRIOR TO FINALIZING FOR FILING. THE FULL BOARD IS PROVIDED WITH THE FINAL DRAFT OF THE FORM 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C OUR CONFLICT OF INTEREST POLICY, INCLUDING THE CONFLICT OF INTEREST STATEMENT/FORM, IS DISTRIBUTED TO BOARD MEMBERS AND STAFF ANNUALLY, IN JUNE. EVERY BOARD AND STAFF MEMBER IS REQUIRED TO COMPLETE THE CONFLICT OF INTEREST STATEMENT/FORM AND RETURN IT TO THE FOUNDATION OFFICE. THE COMPLETED STATEMENTS ARE REVIEWED BY THE PRESIDENT AND CEO, AS WELL AS THE FINANCE MANAGER. IF ANY CONFLICTS HAVE BEEN DOCUMENTED, THEY ARE DISCLOSED TO THE FULL BOARD AND ANY WORKING COMMITTEES THAT MIGHT BE AFFECTED BY THE STATED CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE SERVES AS THE PERSONNEL COMMITTEE OF THE FOUNDATION. THE COMMITTEE EVALUATES THE PRESIDENT AND CEO EVERY FALL, CALLING ON BOARD MEMBERS TO SUBMIT WRITTEN INPUT THAT IS THEN SUMMARIZED AND PRESENTED WITHIN THE PERFORMANCE REVIEW. AS THE BUDGET IS DEVELOPED AND REVIEWED, THE COMMITTEE APPROVES THE TOTAL STAFF COMPENSATION AMOUNT FOR THE NEXT YEAR'S ANNUAL BUDGET AND SUBSEQUENTLY DETERMINES CHANGES IN ANNUAL COMPENSATION OF THE CEO. ALTHOUGH TWO OTHER RESOURCES ARE ALSO CONSULTED, THE COUNCIL ON FOUNDATIONS' GRANTMAKERS SALARY AND BENEFITS REPORT IS THE PRIMARY RESOURCE FOR MEETING THE STANDARD OF COMPARING THE FOUNDATION CEO'S SALARY TO THOSE OF SIMILAR PERSONS, ETC. AS STATED ABOVE. IT IS THE PRIMARY SOURCE BECAUSE THE COUNCIL OF FOUNDATIONS REPORTS DATA FOR COMMUNITY FOUNDATIONS, AS DISTINCT FROM OTHER FOUNDATION TYPES, AND CEO POSITIONS ARE REPORTED SEPARATELY (HIGH, LOW, MEDIAN AND MEAN ARE IDENTIFIED). SURVEY RESULTS ARE ALSO REPORTED ON THE BASIS OF FOUNDATIONS' ASSET SIZE AND REGION OF THE COUNTRY. ADDITIONAL RESOURCES INCLUDE MERCER'S GLOBAL SURVEY COMPARES COST OF LIVING DATA IN CHICAGO AGAINST OTHER METROPOLITAN AREAS, PINPOINTING SALARY LEVELS MORE PRECISELY THAN THE BROAD REGIONAL APPROACH OF THE COF DATA, AND A STUDY BY THE DONORS FORUM OF CHICAGO SURVEYS CEO SALARIES AMONG CHICAGO-BASED GRANT-MAKING FOUNDATIONS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 1,218,146. NET INVESTMENT INCOME ALLOCATED TO FUNDS HELD AS AGENCY ENDOWMENTS -153,822. TOTAL TO FORM 990, PART XI, LINE 5: 1,064,324. FORM 990, PART XII, LINE 2C: THERE HAS BEEN NO CHANGE IN PROCEDURE FROM PRIOR YEAR.