Bsa Endowment Master Trust

“Form 990 was prepared by PwC with the assistance of BSA staff and provided to the Trustee, Global Trust Company, for review prior to filing.”

“Since inception, the BSA Endowment Master Trust operated, and continues to operate, under the policies and procedures of the Boy Scouts of America, including a written conflict of interest policy, a whistleblower policy, and a document retention and destruction policy. Effective October 16, 2012, the BSA Endowment Master Trust formally adopted the policies and procedures of the Boy Scouts of America, including a written conflict of interest policy, whistleblower policy, and document retention and destruction policy.”

“The governing documents and conflict of interest policy for the bsa master endowment trust are made available to the public upon request.”

“The BSA Endowment Master Trust was created to allow local BSA councils to, when necessary, keep their endowment in a trust, which has a corporate trustee, and invest exclusively in the BSA Commingled Endowment Fund, LP. BSA Asset Management, LLC is the Settlor of the trust and Global Trust Company is the Trustee. Boy Scouts of America is the sole member of BSA Asset Management, LLC. The BSA Endowment Master Trust is exempt from tax under Section 501(c)(3) of the Internal Revenue Code. The IRS issued a favorable determination letter on April 24, 2012 with an effective date of October 28, 2010 (the date of first deposit of assets into the trust).”

“Income included on sch k-1 not included in books: 178,241 contributions bsa commingled endowment fund: 7,599,332 distributions bsa commingled endowment fund: (1,934,345) ------------- total: 5,843,228”