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.”

“*The stated purpose of Bethesda Lutheran Foundation, Inc. per article VIII, Section 1 of its Articles of Incorporation 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, Wisconsin 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 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, 2017: *Bethesda provides homes, apartments, and other structured settings for the people it supports in 300 programs across the United 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, vocational training and other personal growth opportunities for the people it supports. *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. Our specialty and boutique shops added to the strength of Bethesda's Thrift Shop brand in 2017, by continuing to provide local, affordable shopping options to families in the communities we serve and employment opportunities for people of all abilities. When people shop at, donate to or volunteer at a thrift shop, they help to fulfill Bethesda's mission to enhance the lives of people with intellectual and developmental disabilities.”

“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 (3,077,568) * Actuarial Change in Split Interest Agreements Unrestricted 397,659 * Restricted Investment Income 12,314 * Actuarial Change in Split Interest Agreements Temporarily Restricted (11,400) * Market Adjustment for Fixed Income Investments 1,868,692 * Transfer of Assets to Bethesda Lutheran Communities (23,150,000) Total Changes in Net Assets (23,960,303)”