Brother'S Brother Foundation

“The endowment consists of a fund established primarily for programming and operating needs of bbf and includes donor-restricted funds. As required by generally accepted accounting principles, net assets associated with endowment funds, including funds designated by the board of trustees to function as endowments, are classified and reported based on the existence or absence of donor-imposed restrictions. The board of trustees of bbf has elected to be governed by the commonwealth of pennsylvania's act 141 (act 141) for the donor-restricted endowment funds. Act 141 is a total return policy that allows a nonprofit to choose to treat a percentage of the average market value of the endowment's permanently restricted investments as income each year. However, the long-term preservation of the real value of the assets must be taken into consideration when the board elects the amount. On an annual basis, the board must elect, in writing, a spending rate of between 2% and 7%. This percentage is applied to the average market value of the investments at the end of the prior year. Average market value is based on the previous 12 quarters. Bbf classifies as net assets with donor restrictions the original value of gifts donated to the permanent endowment and the original value of subsequent gifts to the permanent endowment. The undistributed amounts earned are included net assets with donor restrictions as well. In accordance with act 141, bbf has adopted a written investment policy, of which a section specifically relates to the endowment fund. Bbf considers the following factors in making a determination to set a spending rate: 1. Protecting the corpus of the endowment fund; 2. Preserving the spending power of the assets; 3. Obtaining maximum investment return with reasonable risk and operational consideration; and 4. Complying with applicable laws. Bbf has adopted investment and spending policies for endowment assets that attempt to provide a stream of funding for programs and initiatives supported by the endowment. The policies are also intended to protect the integrity of the assets and achieve the optimal return possible within the specified risk parameters. Endowment assets include those assets of donor-restricted funds that the foundation must hold in perpetuity or for a donor-specified period. Under this policy, the endowment assets are invested in a manner that is intended to produce results that exceed the price and yield results of a blended benchmark of equity and fixed-income peer groups. To satisfy its endowment investment objectives, bbf invests in money market funds and relies on a total return strategy in which investment returns are achieved through current yield (interest and dividends). In accordance with act 141, the foundation annually transfers between 2% and 7% of the previous three years' market value average of the endowment fund to unrestricted net assets for use in operations. In 2024 and 2023, the spendable return totaled 2% or $8,461 and $8,591, respectively. This spending policy is consistent with the commonwealth of pennsylvania's guidelines and with bbf's objective to maintain the purchasing power of the endowment assets held in perpetuity. From time to time, certain donor-restricted endowment funds may have fair values less than the amount required to be maintained by donors or by law (underwater endowments). The foundation has interpreted act 141 to permit spending from underwater endowments in accordance with prudent measures required under law. Bbf has no underwater endowment funds at december 31, 2024 and 2023. The original corpus of the endowment funds is $300,000.”

“Bbf is a tax-exempt organization under section 501(c)(3) of the u.s. Internal revenue code (irc) and is also classified as an entity that is not a private foundation under the meaning of section 509(a) of the irc. In addition, bbf has not identified any material uncertain tax positions requiring an accrual or disclosure in the financial statements. Bbf is no longer subject to examinations by taxing authorities in any major tax jurisdiction for year before december 31, 2021.”

“Rental expenses 69,700. Fundraising 41,593.”

“Rental expense 69,700. Fundraising 41,593.”