No Greater Sacrifice Foundation

“Our external accountant prepares the filing. The 990 is reviewed by the Executive Director, the Chairman, the Treasurer, and the General Counsel prior to filing. A copy of the 990 is then given to the entire Board of Directors. The final copy is distributed to the entire Board of Directors and uploaded to the website after filing.”

“It is the duty of the interested person to disclose the existence of a potential conflict of interest. After disclosure, the remaining governing board will determine if a conflict exists. In the event of a conflict of interest, reasonable efforts will be made to obtain a more advantageous transaction or arrangement which will not give rise to a conflict of interest.”

“Comparability data is used based off other non-profit foundations in our space. Chairman, General Counsel, and Finance Committee must determine and approve all compensation.”

“NGS makes its governing documents, conflict of interest policy, financial statements, and other policies available to the public upon request. NGS makes its audited financial statements and Form 990 available to the public on its website.”

“In accordance with GAAP accounting, the net present value of the 2017 scholarships awarded must be determined. The net present value is based on the scholar's age and discount rate, and is adjusted annually to reflect changes in various factors, most notably the scholar's age. The previous year's funding determines the number of new commitments. Therefore, based off 2016, this year NGS was able to select 48 new scholars and make commitments to fund their post-high school education. NGS scholarships deliver assistance to reduce the unmet financial costs of higher education, which includes: in-state tuition, room and board, special equipment, books, or other expenses deemed necessary. NGS provides scholars with customized mentorship and funding to achieve their full education potential and works to ensure scholars earn their undergraduate degree debt-free.”

“No Greater Sacrifice Foundation (NGS) is a District of Columbia not-for-profit corporation that is recognized as an organization qualified for tax exemption under section 501(c)(3) of the Internal Revenue Code. NGS was officially incorporated on January 7, 2008 to provide college funding to children of those who have fallen in service to the nation. Together with other veterans support organizations, NGS joined the effort to secure passage of the post 9/11 GI Bill which provides full GI Bill educational benefits for the children of Service members who die in the line of duty after September 10, 2001. With the passage of this legislation, NGS did not close its doors. Instead, NGS opened its doors wider to include helping the families of our wounded Service members. NGS is dedicated to the children of our nation's fallen and wounded Service members by delivering scholarships and resources to improve their quality of life through the pursuit of higher education. NGS accomplishes its mission by mentoring and funding NGS recipients' post high school education as well as sister charities that are working on behalf of this noble cause. NGS's vision is to honor the sacrifices of our Service members by investing in their children's capacity for greatness through education.”

“Reversal of prior year grants- Scholarships released from obligation 334,427.”

“NGS's Finance Committee is responsible for oversight of the audit, including selection of the independent auditor. The process is consistent with prior years.”