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.”

“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, 2020: Bethesda provides high quality, innovative services for nearly 1,500 people with intellectual and developmental disabilities across 13 states. These services are intended to meet the needs of the whole person and promote their ability to live as independently as possible. Bethesda provides safe and loving homes, including traditional group homes, with care provided by direct support professionals, some of whom have been nationally recognized by ANCOR for their dedication. Bethesda is growing its host home/family living home operations, which match an individual, couple or family with a person who has a disability. A new residential concept, Bethesda Cornerstone Village, recently opened in Minnesota and is expanding across the country. Cornerstone Village is an apartment community that welcomes people with disabilities and others of all abilities, built with the latest technology to enable independent living and offering onsite programming to help people stay active and feel included. Employment services prepare people with disabilities to attain and hold a meaningful job, and these services take many forms, including coaching by Bethesda staff and community partnerships. In collaboration with Concordia University Wisconsin, Bethesda offers a two-year program, Bethesda College, that offers life, employment and learning skills. For families struggling with a loved one's behavioral challenges, Bethesda offers therapists through its behavioral supports program to provide expertise and solutions. Financial services available through Bethesda allow people with disabilities and their families to effectively manage resources to ensure the best possible financial outcomes. Bethesda operates an Innovation Lab in Milwaukee, Wisconsin, which serves as a technology hub that brings together internal and external partners, including university researchers, to create and refine innovate solutions to promote safety, security and independence for people with disabilities. As a Christian organization, Bethesda provides devotional resources, disability awareness materials, and adaptive communication pieces to individuals and congregations. Bethesda relies on an active corps of volunteers, including the 3,000 members of the Bethesda Auxiliary, to extend its reach. Bethesda operates 13 thrift shops in six states that generate revenue to help support people with disabilities. The stores, staffed by employees and volunteers, provide affordable shopping options to families and employment opportunities for people of all abilities.”

“Market Adjustment on Investments-Unrestricted $ 2,400,927 * Actuarial Change in Split Interest Agreements-Unrestricted $ 286,302 * Restricted Investment Income $ 15,167 * Actuarial Change in Split Interest Agreements-Temporarily Restricted $ 13 * Transfer of Assets to Bethesda Lutheran Communities $ (26,188,738) * Previously recorded contributions classified as permanently restricted assessed as unrestricted based on new information $ (874,918)”