Philadelphia Convention and Visitors Bureau Foundation

“The board of directors reviews the form 990 prior to filing.”

“The foundation has each board member sign a conflict of interest policy which is retained on file at the phlcvb. This disclosure is updated annually to detect any potential conflicts for the year. During board meetings, if conflicts arise, board members abstain from discussion and the vote.”

“Governing documents are made available to the public upon request.”

“Mission/purpose: the philadelphia convention and visitors bureau foundation ("foundation") was established in 2002 to conduct public, charitable, and educational activities and to attract additional support for those activities from foundations and the general public. The foundation has a 501(c)(3) tax-exempt status because its activities are charitable and educational. The mission of the foundation, in cooperation with the city of philadelphia and the commonwealth of pennsylvania, is to provide funding in support of activities that promote, beautify, and celebrate philadelphia in an effort to stimulate the city's tourism industry. Together with its partners, the foundation supports projects that make the city more inviting to visitors, especially those attending a convention or special event, or visitors traveling from another country. In addition, the foundation helps philadelphians prepare themselves for careers in the region's dynamic hospitality industry, and assists corporate visitors by identifying meaningful local social investments. Through the foundation's work, philadelphia's hospitality sector will continue to thrive, providing jobs for thousands of residents and steadily increasing its impact on the city's economy. These contributions will help philadelphia remain as a premier location for conventions, sporting events, business meetings and visitation. Geographic scope: the primary geographic scope of the foundation is the greater philadelphia region. However, the objectives of the foundation do also reach nationally and internationally. The main office of the foundation resides at the philadelphia convention & visitors bureau at 1601 market street, suite 200, philadelphia, pa 19103. The foundation is a wholly owned subsidiary of the phlcvb. All administrative and operational responsibilities are performed by the employees of the phlcvb and the board of the foundation is comprised of the top leadership of the phlcvb and a subsection of the phlcvb board of directors.”

“Economic development - 173,986 the foundation partners with the city of philadelphia, the commonwealth of pennsylvania and many other hospitality organizations to promote philadelphia as a dynamic travel destination and location for large events. The foundation supports the regional efforts that lead to philadelphia hosting premier events, such as the ongoing bid to host soccer matches during the fifa world cup 2026. Philadelphia is one of 17 u.s. Cities vying for an opportunity to host one of the world's biggest sporting events, a process that begin in 2017. Leading the effort is philadelphia soccer 2026, the city of philadelphia's official fifa world cup 2026 bid committee, which includes dozens of partners from across the sports, business, and hospitality communities. The selection of the final 10 cities is expected to be announced in the first quarter of 2022.”