International Crane Foundation Inc

“The value of the conservation easement is not reflected in the foundation's financial statements.”

“Icf installed a crane sculpture outside one of its buildings in fy25.”

“The foundation's endowment consists of donor-restricted endowment funds, funds designated by the board of directors to function as a long-term endowment, a board designated liquidity fund (blf), and a board designated conservation impact fund (cif). The foundation established the blf during 2018. These funds are not considered a part of the long-term endowment. The aim in establishing the blf was to allocate a portion of the board-designated funds to a pool of investments that would be a readily available and stable source of funding for any operating deficits that may occur. Hence, the blf has an investment objective of income and capital preservation. The foundation established the cif during the year ended march 31, 2021. These funds are not considered a part of the long-term endowment. The purpose of the cif is to support investment in mission related initiatives and programs at the discretion of the president and with the approval of the board. The cif has its own investment allocation policy. The cif replaced the blf as the primary source of board-approved spending for supplemental draws or investments in new initiatives. The cif has an investment objective of both income and capital preservation with a stronger focus on income than the blf. The foundation has adopted investment and spending policies for its long-term endowment assets that attempt to provide a predictable stream of funding to programs supported by them, while also seeking to maintain the purchasing power of the long-term endowment assets. Long-term endowment assets include those assets of donor-restricted funds that the organization must hold in perpetuity or for a donor-specified period(s) as well as funds designated by the board to function as a long-term endowment. To satisfy its long-term rate-of-return objectives, the foundation relies on a total return strategy in which investment returns are achieved through both capital appreciation (realized and unrealized) and current yield (interest and dividends). The foundation targets a diversified asset allocation that places a greater emphasis on equity-based investments to achieve its long-term return objectives within prudent risk constraints. The foundation has a board approved policy of appropriating for distribution each year 5% of its long-term endowment funds' average fair value over the prior three years through the calendar year-end preceding the fiscal year in which the distribution is planned. In addition, the board-designated long-term endowment assets may be used for current special needs consistent with the foundation's mission and subject to board of directors' approval, including transfers to board liquidity fund or conservation impact fund. In establishing this policy, the foundation considered the long-term expected return on its endowments' assets, and its goal to maintain the purchasing power of the long-term endowment assets whether held in perpetuity or for a specified term. Real growth in endowment assets is primarily expected to be achieved by future gifts.”

“Fundraising event expenses reported as expense in 34,471. The audited financial statements and netted against event revenue on form 990, part viii, line 8b. Revenue from icf zambia, included in the consolidated 15,045. Audit report, but excluded from icf, inc. Form 990 reporting.”

“Fundraising event expenses reported as expense in 34,471. The audited financial statements and netted against event revenue on form 990, part viii, line 8b. Expenses from icf zambia, included in the consolidated 912,074. Audit report, but excluded from icf, inc. Form 990 reporting.”

“Elimination - grant from icf, inc. To icf zambia 858,943.”