Thisbe and Noah Scott Foundation Inc.

“Description: interest income. Amount: 213. Description: other income. Amount: 25. Total to form 990-ez, line 8: 238.”

“Description: registration fees. Amount: 23. Description: supplies. Amount: 210. Description: fundraiser and marketing expenses. Amount: 21,044. Description: travel and meetings. Amount: 2,500. Description: insurance, d&o liability. Amount: 1,638. Description: payroll taxes. Amount: 1,262. Description: miscellaneous expenses. Amount: 121. Total to form 990-ez, line 16: 26,798.”

“Description: prior period adjustment. Amount: 753.”

“Prior to the formation of the thisbe and noah scott foundation ("tnsf") as a separate section 501(c)(3) organization, tnsf operated as a "community foundation fund", known as the olive branch fund ("obf"), under the umbrella of the community foundation of middle tennessee ("community"). From 2008 until the formation of tnsf, all donations to tnsf were received and directed through the obf under community. After the formation of tnsf in 2011 as a separate legal entity, community still controlled all donated money through the obf and will not allow the transfer of the remaining donated cash to tnsf it currently controls. Although it won't legally transfer the funds to tnsf, tnsf controls the decision-making as to who receives grants. Over the past few years, most of the grants out of the obf were made to the harvard medical research arm. Additionally, community charges tnsf a fee to control and maintain the funds. As such, tnsf wants to completely deplete the funds in the obf prior to tnsf making grants from its own cash balance to certain medical research facilities. Tnsf anticipates that a significant portion, if not all, of the money remaining in obf (which equaled $218,271 as of december 31, 2014) will be granted to apporiate research organizations on or before december 31, 2015, at which time tnsf will start making grants from its cash balance to certain medical research facilities.”

“Description: other assets. Beg. Of year amount: 0. End of year amount: 753.”