Medical Care for Children Partnership

“The Foundation's overall investment objective is to manage its assets in such a way as to ensure long-term appreciation. While growth in the value of endowment assets is the primary investment objective, the Foundation is also concerned with the conservation of its capital. The primary investment target of the Foundation is to earn, over a period of time, an average annual total rate of return on its endowment assets of at least five percent greater than the rate of inflation. This target rate of return is based on the assumption that future returns will approximate the historical long-term rates of return experienced for each asset class. However, the Foundation's overall investment target may not be appropriate in all periods; therefore, relative benchmarks are employed to judge performance. Investment earnings on temporarily and permanently restricted and board-designated funds are available for use in the MCCP program, using a five percent assumed rate of return on the spending policy. Through an agreement with Fairfax County, the Foundation is to maintain assets that are temporarily restricted by donors or designated by the Foundation's board for the MCCP program (collectively referred to as the MCCP restricted fund) or restricted in perpetuity (referred to as the endowment fund) in separate investment accounts.”

“The Foundation evaluates uncertainty in income tax positions based on a morelikely- than-not recognition standard. If that threshold is met, the tax position is then measured at the largest amount that is greater than 50% likely of being realized upon ultimate settlement. As of June 30, 2025, there were no accruals for uncertain tax positions. If applicable, the Organization records interest and penalties as a component of income tax expense. Tax years from June 30, 2022 through the current year remain open for examination by federal and state tax authorities.”

“Other expenditure for facilities and programs has been adjusted in the current year to conform to the Organization's audited financial statements and endowment classifications under FASB ASC 958. Prior-year Schedule D amounts were prepared by a predecessor tax preparer and have not been amended; accordingly, current-year beginning balances may not agree to the prior-year Schedule D ending balances as originally reported.”