2026-05-08T18:36:16-05:00 2025-06-30 390859910 BAKER TILLY ADVISORY GROUP LP 21700 OXNARD ST STE 300 WOODLAND HILLS CA 91367 990 2024-07-01 205983698 DIRECT RELIEF FOUNDATION DIRE 8059644767 6100 WALLACE BECKNELL ROAD SANTA BARBARA CA 93117 JONATHAN STEINER VP OF FINANCE, CFO 8059644767 2026-05-08 1 1 LAUREN A HAVERLOCK P00545829 8185771900 2024 2025-03-06 01:10:19Z JONATHAN STEINER 6100 WALLACE BECKNELL ROAD SANTA BARBARA CA 93117 32797421 0 X N/A X 2006 CA TO OPERATE SOLELY AND EXCLUSIVELY FOR THE BENEFIT OF DIRECT RELIEF. 16 16 0 17 3103 0 4536399 4346123 0 0 2073193 4461937 0 0 6609592 8808060 3709369 4963620 0 0 0 0 0 0 0 310260 302957 4019629 5266577 2589963 3541483 88898215 100144092 7990667 9528699 80907548 90615393 THE FOUNDATION IS ORGANIZED TO OPERATE SOLELY AND EXCLUSIVELY FOR THE BENEFIT OF, TO SUPPORT, OR TO CARRY OUT THE PURPOSES OF DIRECT RELIEF. 0 0 4963620 4963620 0 THE DIRECT RELIEF FOUNDATION WAS FORMED AS A SUPPORTING ORGANIZATION OF DIRECT RELIEF AND IS ORGANIZED TO OPERATE SOLELY AND EXCLUSIVELY TO SUPPORT, BENEFIT, OR CARRY OUT THE PURPOSES OF DIRECT RELIEF. THE FOUNDATION MAINTAINS CUSTODY OF THE STRATEGIC GROWTH FUND, WHICH IS A BOARD DESIGNATED ENDOWMENT. THE PURPOSE OF THE STRATEGIC GROWTH FUND IS TO PROVIDE A RESERVE FOR CURRENT AND FUTURE OPERATIONS OF DIRECT RELIEF. THE STRATEGIC GROWTH FUND ALSO PROVIDES FUNDING TO PAY FOR ALL OF DIRECT RELIEF'S FUNDRAISING EXPENSES AND SOME MANAGEMENT AND GENERAL EXPENSES. FOR THE YEAR ENDED JUNE 30, 2025, THE DIRECT RELIEF FOUNDATION TRUSTEES APPROVED FOR THE STRATEGIC GROWTH FUND TO PROVIDE FUNDS TO DIRECT RELIEF TO COVER ALL OF ITS FUNDRAISING EXPENSES AS WELL AS 100% OF THE COMPENSATION OF DIRECT RELIEF'S CEO. 4963620 1 1 0 0 0 0 0 0 0 1 0 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X JONATHAN STEINER 8059644767 6100 WALLACE BECKNELL ROAD SANTA BARBARA CA 93117 X THOMAS TIGHE CHIEF EXECUTIVE OFFICER (THRU 12/24) 5.00 40.00 X 0 1042426 68813 BYRON SCOTT - INTERIM CEO (1/25-5/25)/ PRESIDENT & COO 5.00 40.00 X 0 483676 19811 JONATHAN STEINER - SENIOR VICE PRESIDENT OF FINANCE, CFO 5.00 40.00 X 0 369470 29976 AMY WEAVER CHIEF EXECUTIVE OFFICER (AS OF 5/25) 5.00 40.00 X 0 0 0 MARK LINEHAN CHAIR 1.00 10.00 X X 0 0 0 HARRY MCMAHON VICE CHAIR 1.00 5.00 X X 0 0 0 THOMAS STURGESS TREASURER 1.00 5.00 X X 0 0 0 ANNALISA PIZZARELLO SECRETARY 1.00 5.00 X X 0 0 0 LAURIE SIEGEL ASSISTANT SECRETARY 1.00 5.00 X X 0 0 0 MARK SCHWARTZ ASSISTANT TREASURER 1.00 5.00 X X 0 0 0 EMMA CARRASCO TRUSTEE 1.00 5.00 X 0 0 0 ADAM COOPER TRUSTEE 1.00 2.00 X 0 0 0 MARY DWYER PHD TRUSTEE 1.00 5.00 X 0 0 0 HENRIETTA HOLSMAN FORE TRUSTEE 1.00 2.00 X 0 0 0 HEITHAM HASSOUN MD TRUSTEE 1.00 2.00 X 0 0 0 JAMES MCGONIGLE TRUSTEE 1.00 5.00 X 0 0 0 MARLA SALMON SCD RN FAAN TRUSTEE 1.00 2.00 X 0 0 0 PERRY SIATIS ESQ TRUSTEE 1.00 2.00 X 0 0 0 TOM STRICKLAND TRUSTEE 1.00 2.00 X 0 0 0 ELIZABETH TORO MD MPH TRUSTEE 1.00 2.00 X 0 0 0 0 1895572 118600 0 0 1 0 JP MORGAN 390 MADISON AVENUE FLOOR 26 NEW YORK NY 10017 INVESTMENT MANAGEMENT FEES 253328 1 4335895 10228 5228 4346123 1954947 3103 1951844 26496351 23989361 2506990 2506990 2506990 8808060 0 3103 4458834 4963620 4963620 7750 7750 274081 274081 21126 21126 5266577 4963620 302957 0 X 1557198 262112 3281160 3378303 73948967 85852299 10110890 10651378 88898215 100144092 7990667 9528699 7990667 9528699 X 77756588 87522811 3150960 3092582 80907548 90615393 88898215 100144092 X 3541483 6169465 -3103 X 0 1 X 1 0 X X X 1 DIRECT RELIEF 951831116 7 1 4963620 0 1 4963620 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 77755833 3932360 10354218 4964000 87078411 68976027 4156000 8333000 3709194 77755833 58702139 6882709 6423505 3032326 68976027 62341309 15081 -82761 3571490 58702139 34600273 21313784 10021573 3208883 385438 62341309 1.00000 0.00000 0.00000 0 0 0 SEI CORE PROPERTY FUND LP 4037724 F PEG SEC - PORTFOLIO SCSP SICAV RAIF 2000000 F SEI GPA IV PRIVATE EQUITY FUND 1308138 F SEI GLOBAL PRIVATE ASSETS V, L.P. 1612395 F ACORE OPPORTUNISTIC CREDIT II LP 1135561 F ESCALATE - CAPITAL V, LP 296018 F COMMONFUND VENTURE PARTNERS VIII 199038 F COMMONFUND PRIVATE EQUITY PTRS VII 58599 F COMMONFUND INTL PRIV EQTY PRTS VI 1019 F COMMONFUND GLOBAL DIST INV LLC 2 1754 F OTHER INVESTMENTS 1132 F 10651378 PAYABLE TO DIRECT RELIEF (SEE SCH D, PART XIII) 9528699 9528699 X 14700341 6169465 6169465 8530876 274081 3103 277184 8808060 4992497 0 4992497 274081 274081 5266578 PART V, LINE 4: THE DIRECT RELIEF FOUNDATION HOLDS INVESTED ASSETS WITHIN THE STRATEGIC GROWTH FUND, PROFESSIONALLY MANAGED BY ITS OUTSOURCED INVESTMENT ADVISOR, AND OVERSEEN BY ITS BOARD OF DIRECTORS. THE MISSION OF THE FOUNDATION IS TO OPERATE SOLELY AND EXCLUSIVELY FOR THE BENEFIT OF, TO SUPPORT, OR TO CARRY OUT THE PURPOSES OF DIRECT RELIEF'S MISSION. THE CURRENT ANNUAL DRAW FROM THE STRATEGIC GROWTH FUND WILL PROVIDE SUPPORT TO DIRECT RELIEF TO PAY FOR ANNUAL FUNDRAISING AND THE CEO COMPENSATION INCURRED DURING THE FISCAL YEAR. OVER TIME, THE GOAL OF THE DIRECT RELIEF FOUNDATION IS TO INCREASE THE VALUE OF THE STRATEGIC GROWTH FUND TO A LEVEL WHERE INTEREST INCOME CAN FUND 100% OF THE ANNUAL FUNDRAISING AND ADMINISTRATIVE EXPENSES OF THE ORGANIZATION. ONCE THIS GOAL IS ACHIEVED, ALL FUTURE DIRECT RELIEF DONATIONS CAN BE DIRECTED TO MISSION-DRIVEN PROGRAMMATIC EXPENSES, ALLOWING EVEN FURTHER EFFICIENCY OF DONOR FUNDS. PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM TAXES ON INCOME UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND CALIFORNIA REVENUE AND TAXATION CODE 23701D. THEREFORE, NO AMOUNTS FOR INCOME TAXES ARE REFLECTED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. THE ORGANIZATION HAD INCONSEQUENTIAL UNRELATED BUSINESS INCOME TAX DURING THE YEAR ENDED JUNE 30, 2025 AND 2024 AND NO TAX PROVISION HAS BEEN MADE IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS REQUIRING ACCRUAL AS OF JUNE 30, 2025 AND 2024. PART XI, LINE 4B - OTHER ADJUSTMENTS: UNRELATED BUSINESS INCOME 3,103. PART X, LINE 1: DIRECT RELIEF FOUNDATION ACCRUES THE AMOUNTS PAYABLE TO DIRECT RELIEF ON AN ANNUAL BASIS. THE BALANCE DUE AS OF JUNE 30, 2025 CONSISTS OF THE FOLLOWING: PRIOR YEAR APPROVED TRANSFERS (A) $ (4,381,623) CURRENT YEAR APPROVED TRANSFERS (4,963,620) ACTUAL TRANSFERS TAKEN 3,772,482 TOTAL AMOUNT PAYABLE AS OF JUNE 30, 2025: $5,572,761 (A) APPROVED TRANSFERS THAT ARE NOT TAKEN BY THE END OF EACH YEAR ARE CARRIED FORWARD TO BE TAKEN IN FUTURE YEARS. 1 DIRECT RELIEF 6100 WALLACE BECKNELL ROAD SANTA BARBARA CA 93117 951831116 501(C)(3) 4963620 0 TO SUPPORT THE OPERATIONS OF DIRECT RELIEF 1 0 PART I, LINE 2: DIRECT RELIEF FOUNDATION OPERATES SOLELY AND EXCLUSIVELY AS A SUPPORT ORGANIZATION FOR THE BENEFIT OF DIRECT RELIEF. DIRECT RELIEF PROVIDES MONTHLY ACCOUNTING REPORTS TO DIRECT RELIEF FOUNDATION THAT REPORT ON THE USE OF FUNDS TOWARDS ALL OF DIRECT RELIEF'S FUNDRAISING EXPENSE, THE CEO'S COMPENSATION, AND OTHER OPERATING EXPENSES. 0 0 0 0 0 0 0 0 0 THOMAS TIGHE CHIEF EXECUTIVE OFFICER (THRU 12/24) 0 490335 0 172470 0 379621 0 20700 0 48113 0 1111239 0 0 BYRON SCOTT - INTERIM CEO (1/25-5/25)/ PRESIDENT & COO 0 483676 0 0 0 0 0 19811 0 0 0 503487 0 0 JONATHAN STEINER - SENIOR VICE PRESIDENT OF FINANCE, CFO 0 369470 0 0 0 0 0 20700 0 9276 0 399446 0 0 PART I, LINE 3 DIRECT RELIEF FOUNDATION DOES NOT HAVE ANY PAID EMPLOYEES, AND, THEREFORE, DOES NOT HAVE A REQUIREMENT TO HAVE A COMPENSATION POLICY. THE CEO, COO & CFO ARE OFFICERS, BUT ARE NOT COMPENSATED BY DIRECT RELIEF FOUNDATION. THEY ARE COMPENSATED BY DIRECT RELIEF, A RELATED ORGANIZATION, WHICH HAS IN PLACE A COMPENSATION POLICY THAT INCLUDES A REVIEW AND APPROVAL BY INDEPENDENT PERSONS, ANALYSIS OF COMPARABILITY DATA, AND DOCUMENTATION OF THE DECISION-MAKING PROCESS. SCHEDULE J, PART III: THE CEO COMPENSATION REPORTED IS FOR CALENDAR 2024, WHICH INCLUDES BASE SALARY, BONUS AND ONE-TIME PAYMENTS PAID AT END OF EMPLOYMENT FOR EARNED PAID TIME OFF AND SABBATICAL. FORM 990, PART VI, SECTION A, LINE 7A ARTICLE V, SECTION 2.5 B OF THE DIRECT RELIEF FOUNDATION BYLAWS STATES THAT THE DIRECT RELIEF BOARD HAS THE POWER TO APPOINT THE TRUSTEES OF DIRECT RELIEF FOUNDATION. SINCE SOME TRUSTEES OF THE DIRECT RELIEF FOUNDATION ARE ALSO MEMBERS OF THE DIRECT RELIEF BOARD, THE ORGANIZATION DOES HAVE SOME MEMBERS WHO HAVE THE POWER TO APPOINT ONE OR MORE MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B ARTICLE XI OF THE DIRECT RELIEF FOUNDATION BYLAWS STATES THAT THE BYLAWS MAY ONLY BE ALTERED, AMENDED OR REPEALED, AND NEW BYLAWS MAY ONLY BE ADOPTED, BY A MAJORITY OF THE DIRECT RELIEF BOARD PRESENT AT ANY MEETING OF THE DIRECT RELIEF BOARD. FORM 990, PART VI, SECTION B, LINE 11B DIRECT RELIEF FOUNDATION'S CHIEF FINANCIAL OFFICER DISTRIBUTES A COPY OF THE FINAL VERSION OF THE 990 TO ALL CURRENT TRUSTEES, REQUESTING THEY REVIEW THE 990 PRIOR TO FILING. THE TRUSTEES ARE ASKED TO REVIEW AND ARE GIVEN AN OPPORTUNITY TO RAISE ISSUES AND REQUEST CLARIFICATIONS, IF ANY. ONCE THIS PROCESS IS COMPLETE AND TRUSTEE APPROVAL IS OBTAINED, THE 990 IS FILED. DOCUMENTATION OF THE DISTRIBUTION TO THE TRUSTEES, AS WELL AS THEIR RESPONSES AND QUESTIONS, IF ANY, ARE MAINTAINED BY THE CHIEF FINANCIAL OFFICER. FORM 990, PART VI, SECTION B, LINE 12C WITHIN THIRTY (30) DAYS OF THE BEGINNING OF EACH FISCAL YEAR, ALL TRUSTEES, OFFICERS AND TRUSTEE COMMITTEE MEMBERS MUST COMPLETE A DISCLOSURE FORM REGARDING POSSIBLE CONFLICTS OF INTEREST. DISCLOSURE IS ALSO REQUIRED OF A TRUSTEE, OFFICER, EMPLOYEE AND TRUSTEE COMMITTEE MEMBER AT ANY TIME WHEN THE INTEREST OF SUCH PERSON (OR MEMBER OF HIS OR HER FAMILY) COULD AFFECT THE ACTIVITIES, PROPERTY, EMPLOYEES, OR SERVICES OF DIRECT RELIEF, OR INVOLVES ANY POTENTIAL CONFLICT OF INTEREST AS MORE SPECIFICALLY DEFINED IN DIRECT RELIEF'S CONFLICT OF INTEREST POLICY IN THE BYLAWS. WHEN A TRUSTEE, OFFICER, OR TRUSTEE COMMITTEE MEMBER HAS A CONFLICT OF INTEREST OR POTENTIAL CONFLICT OF INTEREST IN A PROPOSED TRANSACTION, THAT INDIVIDUAL SHALL RECUSE HIMSELF OR HERSELF (I.E., LEAVE THE ROOM), AND SHALL NOT PARTICIPATE IN THE DELIBERATION ON THE MERITS OF THE PROPOSAL OR THE VOTE. IN ALL CASES, THE EXISTENCE AND NATURE OF THE RELATIONSHIP OR THE CONFLICT OF INTEREST DISCLOSED, THE INTERESTED PERSON'S RECUSAL, AND THE VOTE OF THE OTHER TRUSTEES IS REFLECTED IN THE MINUTES OF THE MEETING OF THE TRUSTEES OR APPLICABLE TRUSTEE COMMITTEES. FORM 990, PART VI, SECTION B, LINE 15 DIRECT RELIEF FOUNDATION DOES NOT HAVE ANY PAID EMPLOYEES, AND, THEREFORE, DOES NOT HAVE A REQUIREMENT TO HAVE A COMPENSATION POLICY. THE CEO, COO & CFO ARE OFFICERS, BUT ARE NOT COMPENSATED BY DIRECT RELIEF FOUNDATION. THEY ARE COMPENSATED BY DIRECT RELIEF, A RELATED ORGANIZATION, WHICH HAS IN PLACE A COMPENSATION POLICY THAT INCLUDES A REVIEW AND APPROVAL BY INDEPENDENT PERSONS, ANALYSIS OF COMPARABILITY DATA, AND DOCUMENTATION OF THE DECISION-MAKING PROCESS. FORM 990, PART VI, SECTION C, LINE 19 DIRECT RELIEF FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS, AND FORM 990 AVAILABLE TO THE PUBLIC THROUGH ITS RELATED ORGANIZATION'S WEBSITE, DIRECT RELIEF, AT WWW.DIRECTRELIEF.ORG. FORM 990, PART VII, SECTION A, LINE 1(A) AND SCHEDULE J, PART II: THE COMPENSATION REPORTED HERE IS THAT PAID BY DIRECT RELIEF, A RELATED TAX-EXEMPT ORGANIZATION, FOR THE CALENDAR YEAR 2024, IN LINE WITH THE FORM 990 REQUIREMENTS. THE COMPENSATION OF THE CEO, COO & CFO IS DETERMINED SOLELY BY THE BOARD OF DIRECTORS OF DIRECT RELIEF. FUNDS COVERING 100% OF THE COMPENSATION OF DIRECT RELIEF'S PRESIDENT & CEO WAS PROVIDED BY DIRECT RELIEF FOUNDATION THROUGH REGULAR BOARD-APPROVED TRANSFERS OF FUNDS TO DIRECT RELIEF. FORM 990 PART X, LINE 25 DIRECT RELIEF FOUNDATION ACCRUES THE AMOUNTS PAYABLE TO DIRECT RELIEF ON AN ANNUAL BASIS. THE BALANCE DUE AS OF JUNE 30, 2025 CONSISTS OF THE FOLLOWING: PRIOR YEAR APPROVED TRANSFERS (A) $ (4,381,623) CURRENT YEAR APPROVED TRANSFERS (4,963,620) ACTUAL TRANSFERS TAKEN 3,772,482 TOTAL AMOUNT PAYABLE AS OF JUNE 30, 2025: $5,572,761 (A) APPROVED TRANSFERS THAT ARE NOT TAKEN BY THE END OF EACH YEAR ARE CARRIED FORWARD TO BE TAKEN IN FUTURE YEARS. FORM 990, PART XI, LINE 9: UNRELATED BUSINESS REVENUE - PASSTHROUGH ENTITIES -3,103. DIRECT RELIEF 6100 WALLACE BECKNELL ROAD SANTA BARBARA CA 93111 951831116 PROVIDES MEDICINES, EQUIPMENT AND SUPPLIES TO UNDERSERVED POPULATIONS CA 501(C)(3) LINE 7 N/A 0 DIRECT RELIEF INTERNATIONAL SOUTH AFRICA 52 CORLETT DRIVE WANDERERS OFFICE P ILLOVO JOHANNESBURG SF 2196 COORDINATION OF MEDICAL SUPPORT TO AFRICAN DOCTORS AND MEDICAL CLINICS SF DIRECT RELIEF 0 DIRECT RELIEF MEXICO AV PASEO DE LA REFORMA 300 - PISO CUAUHTEMOC DISTRITO FEDERAL MX 6600 COORDINATION OF MEDICAL SUPPORT TO MEXICAN DOCTORS AND MEDICAL CLINICS MX DIRECT RELIEF 0 DIRECT RELIEF GGMBH REUTERWEG 20 FRANKFURT AM MAIN DEUTSCHLAND GM 60323 TO PROVIDE ESSENTIAL MEDICAL RESOURCES GM DIRECT RELIEF 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 SCHEDULE R, PART V: DIRECT RELIEF FOUNDATION MAINTAINS CUSTODY OF THE STRATEGIC GROWTH FUND, WHICH IS A BOARD DESIGNATED ENDOWMENT. DIRECT RELIEF FOUNDATION WAS FORMED AS A SUPPORTING ORGANIZATION OF DIRECT RELIEF. THE FOUNDATION IS ORGANIZED TO OPERATE SOLELY AND EXCLUSIVELY TO SUPPORT, BENEFIT, OR CARRY OUT THE PURPOSES OF DIRECT RELIEF. THE PURPOSE OF THE STRATEGIC GROWTH FUND IS TO PROVIDE A RESERVE FOR CURRENT AND FUTURE OPERATIONS OF DIRECT RELIEF. THE STRATEGIC GROWTH FUND ALSO PROVIDES FUNDING TO PAY FOR ALL OF DIRECT RELIEF'S FUNDRAISING EXPENSES AND SOME MANAGEMENT AND GENERAL EXPENSES. FOR THE YEAR ENDED JUNE 30, 2025, THE TRUSTEES OF DIRECT RELIEF FOUNDATION APPROVED TO PROVIDE FUNDS TO DIRECT RELIEF TO COVER ALL OF DIRECT RELIEF'S FUNDRAISING EXPENSES AS WELL AS 100% OF THE COMPENSATION OF DIRECT RELIEF'S PRESIDENT & CEO. SCHEDULE R, PART V: 100% OF BEQUESTS, IRREVOCABLE TRUSTS, INSURANCE POLICIES, ANNUITIES, ETC. RECEIVED BY DIRECT RELIEF ARE TRANSFERRED TO DIRECT RELIEF FOUNDATION, UNLESS OTHERWISE SPECIFIED BY THE DONOR.