Ablelight Foundation Inc.

“Bethesda Lutheran Communities elects the Bethesda Foundation directors.”

“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.”

“For bethesda lutheran communities, the board of directors executive committee serves as a compensation committee with the duty to review and make findings as to the reasonableness of (i) the compensation paid and benefits provided to the president and chief executive officer, and (ii) the recommendations of the president and chief executive officer for the compensation ranges and benefit levels for the executive vice president, the cfo, the coo and all other persons whom it determines to be in a position to exercise substantial influence over the affairs of the corporation within the meaning of section 4958 of the internal revenue code ("disqualified persons"). In doing so it (1) identifies all disqualified persons; (2) periodically (at least in every odd-number year) reviews and determines the reasonableness of the compensation and benefit levels of the president and chief executive officer; (3) periodically (at least in every odd-number year) reviews and determines the reasonableness of the recommendations of the president and chief executive officer for the compensation ranges and benefit levels of other disqualified persons; (4) considers all incentives, perquisites, deferred compensation and anything of value when considering the reasonableness of compensation or benefit levels; (5) obtains from sources outside the corporation objective, market comparable compensation and benefit level data; (6) documents its considerations and determinations in written reports; and (7) at least annually report its activities and findings to the board of directors.”

“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.”

“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, 2019: Bethesda provides homes and other services for more than 1,500 people with intellectual and developmental disabilities across 13 states. This includes residential living services, host homes/family living programs, day programs, spiritual support services, vocational training and thrift shops. All programs and services are delivered with attention to quality and innovation. Bethesda's direct support professionals have been recognized by nationally by ANCOR for their high-quality support. Bethesda is growing its host home services, which match an individual, couple or family with a person who has a disability. Today there are more than 90 people supported in a host home environment in five states. Bethesda provides employment support to more than 100 people working within dozens of businesses. Employment support takes many forms, including coaching by Bethesda staff, as well as community partnerships. In Wisconsin, Bethesda partners with a local hospital and school system on a program known as Project SEARCH to provide hands-on job skills. In partnership with Concordia University Wisconsin, Bethesda offers a two-year program, Bethesda College, that offers life, employment and learning skills. Bethesda has engaged more than 900 congregations to offer worship, Bible studies and inclusion for people with disabilities. Bethesda further provides devotional resources, disability awareness materials, and adaptive communication pieces to individuals and congregations in 40 states. An Ambassador program, involving outreach by more than 80 contracted college students, deaconesses and retired pastors, is opening new opportunities for Bethesda within congregations. Bethesda relies on an active corps of more than 6,000 volunteers, including the Bethesda Auxiliary, to extend its reach. Bethesda operates 15 thrift shops in seven states that generate revenue to help support people with disabilities. The stores, staffed by employees and volunteers, provide affordable shopping options to families in the communities we serve and employment opportunities for people of all abilities.”

“Market Adjustment on Investments-Unrestricted $(2,729,645)* Actuarial Change in Split Interest Agreements-Unrestricted $287,375 * Restricted Investment Income $19,560 * Actuarial Change in Split Interest Agreements-Temporarily Restricted $(12,693) * Market Adjustment For Fixed Income Investments $1,023,286 * Transfer of Assets to Bethesda Lutheran Communities $(24,075,000)”