Delta Chi Educational Foundation Inc.

“The organization's endowment consists of 17 donor-restricted endowment funds established for a variety of purposes plus one fund without donor restrictions that has been designated by the board of directors to function as an endowment to support general operations. The organization's spending policies for endowment funds vary according to each specific written donor agreement. In all cases, the endowment fund spending policies do not exceed investment policy targeted return.”

“The foundation is organized as a not-for-profit corporation other than a private foundation, and is exempt from income tax under section 501(c)(3) of the united states internal revenue code and similar state law. As a single member limited liability company, cornell, llc is a disregarded entity for income tax purposes, is exempt under the foundation's exemption, and is included in the tax filings of the foundation. Accounting principles generally accepted in the united states of america require management to evaluate tax positions taken by the organization and recognize a tax liability if the organization has taken an uncertain position that more likely than not would not be sustained upon examination by various federal and state taxing authorities. Management has analyzed the tax positions taken by the organization, and has concluded that as of december 31, 2021 and 2020, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the accompanying consolidated financial statements. As such, the organization is generally exempt from income taxes. However, the organization is required to file federal form 990 return of organization exempt from income tax, and a similar state return, which are informational returns only. The organization is subject to routine audits by taxing jurisdictions. However, as of the date the consolidated financial statements were available to be issued, there were no audits for any tax periods in progress.”

“The foundation is organized as a not-for-profit corporation other than a private foundation, and is exempt from income tax under section 501 (c)(3) of the united states internal revenue code and similar state law. As a single member limited liability company, cornell llc is a disregarded entity for income tax purposes, is exempt under the foundation's exemption, and is included in the tax filings of the foundation. Account principles generally accepted in the united states of america require management to evaluate tax positions taken by the organization and recognize a tax liability if the organization has taken an uncertain position that more likely than not would not be sustained upon examination by various federal and state taxing authorities. Management has analyzed the tax positions taken by the organization, and has concluded that as of december 31, 2021 and 2021, there are no uncertain tax positions taken or expected to be taken that would require recognition of a liability or disclosure in the accompanying consolidated financial statements. As such, the organization is generally exempt from income taxes. However, the organization is required to file a federal form 990 return of organization exempt from income tax, and a similar state return, which are informational returns only. The organization is subject to routine audits by taxing jurisdictions.”