Ablelight Foundation Inc.

“As provided in the bylaws, during the relevant tax year changes to the bylaws could not be made without the concurrent approval of the Board of Directors of Bethesda Lutheran Communities, Inc.”

“The Form 990 was prepared by staff and reviewed and approved by the Chief Financial Officer. The Form 990 was then presented to the Board of Directors for review.”

“Annually each November, every director is required to assess the potential for any conflicts of interest and sign a form that discloses whether the director has any potential conflicts of interest. The organization's Compliance and Risk Management Team audits whether every director has submitted a signed conflicts of interest disclosure form, and ensures that this is done annually for each director.”

“The Corporation's governing documents including conflicts of interest policy, 990 tax returns and current audited financial statements are available on the organization's public website (http://bethesdalutherancommunities.org) and to the public upon request.”

“Continued from page 1 - The Foundation stands ready to respond to funding requests by Bethesda Lutheran Communities, Inc. Accordingly the Foundation's immediate responsibility is to grow through fundraising and investment activity so that it can maximize its ability to respond to future funding requests. The Foundation's long range goal is to accumulate sufficient capital such that the investment earnings would be able to fund the total operating requirements of Bethesda Lutheran Communities, Inc. The Bethesda Lutheran Foundation is proud to have been able to support Bethesda Lutheran Communities in accomplishing the following goals in the year ending August 31, 2015: * Bethesda provides homes, apartments, and other structured settings for the people it supports in 300 programs in 14 states. These homes can include community-based group homes, host homes or family caregiver programs. * The organization extends God's love by dedicating a significant amount of its resources to provide day programs, spiritual support services, camps, vocational training and other personal growth opportunities for the people it supports. * Bethesda launched a robust marketing campaign called #IamHuman in 2015. This campaign encourages internal and external stakeholders to answer the question "What makes me human?" and share their responses on social media. By doing this, Bethesda encouraged stakeholders to focus on people's unique gifts instead of disabilities and shortcomings. The campaign mobilized Bethesda stakeholders in a way that had not been done before. * In 2015 Bethesda and the Lutheran Church Extension Fund (LCEF) launched a joint effort in which more than 170 properties in 14 states across the U.S. will be updated and remodeled over the next three years by members of Laborers For Christ. This partnership, while offering rewarding work and volunteer opportunities, is estimated to save Bethesda between $1 to 2 million in labor costs maintenance. * Since Bethesda's first thrift shop opened in the 1960s, the stores have been a direct way for members of the community to support and connect with our mission. Operating 19 thrift shops in eight states provides local, affordable shopping options to families in the communities we serve and employment opportunities for people of all abilities. When individuals shop at, donate to or volunteer at a thrift shop, Bethesda's mission to enhance the lives of people with intellectual and developmental disabilities is fulfilled.”

“The corporation is a charitable, religious and educational organization. The purpose of which is to solicit, hold, manage, invest and expend endowment funds and other gifts, grants and bequests, whether consisting of real or personal property, and whether subject to directions or conditions imposed by donors, exclusively for the maintenance and benefit of Bethesda Lutheran Communities, Inc. of Watertown, WI and such of its charitable, religious or educational programs or activities as the board of directors of this corporation from time to time deem to be suitable and appropriate.”

“The corporation is a charitable, religious and educational organization. The purpose of which is to solicit, hold, manage, invest and expend endowment funds and other gifts, grants and bequests, whether consisting of real or personal property, and whether subject to directions or conditions imposed by donors, exclusively for the maintenance and benefit of Bethesda Lutheran Communities, Inc. of Watertown, WI and such of its charitable, religious or educational programs or activities as the board of directors of this corporation from time to time deem to be suitable and appropriate.”

“Market Adjustment On Investments - Unrestricted $(14,219,563) Actuarial Change in Split Interest Agreements - Unrestricted (277,534) Restricted Investment Income 8,111 Actuarial Change in Split Interest Agreements - Temporarily Restricted (838) Market Adjustment For Fixed Income Investments (2,229,932) Transfer of Assets to Bethesda Lutheran Communities, Inc. (17,814,850) Total Changes in Net Assets $(34,534,606)”