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        <ReturnReference>PART V ENDOWMENT FUNDS</ReturnReference>
        <Explanation>THE FOUNDATION'S ENDOWMENT INCLUDES DONOR-RESTRICTED ENDOWMENT FUNDS. THE DONOR-RESTRICTED ENDOWMENT IS MANAGED AS A COMPONENT OF CENTRAL INDIANA COMMUNITY FOUNDATION'S (CICF) POOLED ENDOWMENT FUND. ENDOWMENT ASSETS INCLUDE THOSE ASSETS OF DONOR-RESTRICTED FUNDS THE FOUNDATION MUST HOLD IN PERPETUITY OR FOR DONOR-SPECIFIED PERIODS. THE ENDOWMENT FUND AGREEMENTS HAVE A POLICY (THE SPENDING POLICY) OF APPROPRIATING FOR EXPENDITURE EACH YEAR 5% OF ITS ENDOWMENT FUND'S PRIOR YEAR ENDING VALUE. ANY FUNDS THAT ARE NOT APPROPRIATED FOR EXPENDITURE UNDER THE SPENDING POLICY ARE HELD WITHIN THE ENDOWMENT FUNDS. PART X FIN 48 FOOTNOTE During 2009, the Foundation adopted provisions of Financial Accounting Standards Board(FASB) Accounting Standards Codification (ASC) 740, Income Taxes, concerning the accounting and disclosures for uncertain tax positions, previously deferred by ASC 740-10-65. The implementation of this standard had no material impact on the Foundation's financial statements.</Explanation>
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        <ReturnReference>PART XII &amp; XIII</ReturnReference>
        <Explanation>LINE 4B &amp; 2D $6,529 INVESTMENT MANAGEMENT FEES</Explanation>
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      <RecipientTable>
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        </RecipientNameBusiness>
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          <City>CARMEL</City>
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        <PurposeOfGrant>PROGRAM SUPPORT</PurposeOfGrant>
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      <GeneralExplanation>
        <Identifier>STATEMENTS REGARDING OTHER IRS FILINGS AND TAX COMPLIANCE</Identifier>
        <ReturnReference>FORM 990 PART V QUESTION 2A AND 2B</ReturnReference>
        <Explanation>TechPoint Foundation employees are paid through a common paymaster. The Central Indiana Community Foundation Inc. is the common paymaster (CICF EIN#35-1793680). CICF files all required federal employment tax returns, which include all TechPoint Foundation employees. GOVERNANCE, MANAGEMENT, &amp; DISCLOSURE FORM 990 PART VI QUESTION 1B: ROSEMARY DORSA IS AN EMPLOYEE OF CENTRAL INDIANA COMMUNITY FOUNDATION, A RELATED ORGANIZATION. QUESTION 2: Board Member DAVID BECKER Business Relationship Board Member MARK BOXBERGER Business Relationship Board Member STEVEN DUTTON Business Relationship QUESTION 11B: ALL BOARD MEMBERS ARE PROVIDED A COPY OF THE FORM 990 AND RELATED SCHEDULES TO REVIEW. ANY QUESTIONS OR REVISIONS ARE ADDRESSED PRIOR TO SUBMISSION TO THE IRS. QUESTION 12C: Conflict of interest policies are completed annually by all board members and staff. The policy statements are reviewed annually by the Executive Committee. When Foundation business is being conducted and there is a conflict, the board or staff members are not allowed to participate or vote on any actions related to the business or transaction at hand. This is then documented in the board minutes. QUESTION 15: TechPoint Foundation is a supporting organization for the Central Indiana Community Foundation (CICF EIN #35-1793680). CICF is the common paymaster for all employees. CICF's board and executive committee review and approve all compensation arrangements, and document and review comparable data for similar positions and organizations. TechPoint Foundation's Executive Committee also reviews and approves all compensation arrangements related to the TechPoint Foundation. QUESTION 19: THE PUBLIC DISLCOSURE COPY OF FORM 990, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND THE FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. RECONCILIATION OF NET ASSETS PART XI LINE 5 $69,798 NET UNREALIZED GAIN ON INVESTMENTS</Explanation>
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      <GeneralExplanation>
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      <GeneralExplanation>
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