Ndsc Foundation Inc.

“The ndsc foundation (ndscf) has adopted investment and spending policies, approved by the board of directors, for endowment assets. Those policies attempt to provide a predictable stream of funding to programs supported by its endowment funds while also maintaining the purchasing power of those endowment assets over the long-term. Accordingly, the investment process seeks to achieve an after-cost total real rate of return, including investment income as well as capital appreciation, which exceeds the annual distribution with acceptable levels of risk. Endowment assets are invested in a well-diversified asset mix, which includes equity and debt securities. The organization expects its endowment assets, over time, to produce an average rate of return of approximately 5% annually. Actual returns in any given year may vary from this amount. Investment risk is measured in terms of the total endowment fund; investment assets and allocation between asset classes and strategies are managed to prevent exposing the fund to unacceptable levels of risk. Spending policy. The organization has a policy of appropriating for distribution each year 5% of its endowment fund's average fair value of the prior 12 quarters through the calendar year-end preceding the fiscal year in which the distribution is planned. In establishing this policy, the organization considered the long-term expected return on its investment assets, the nature and duration of the individual endowment funds, many of which must be maintained in perpetuity because of donor-restrictions, and the possible effects of inflation. The organization expects the current spending policy to allow its endowment funds to grow at an average rate of 3% annually. This is consistent with the organization's objective to maintain the purchasing power of the endowment assets as well as to provide additional real growth through new gifts and investment return.”

“The national down syndrome congress has received a determination by the united states internal revenue service ("irs"), that it is exempt from federal income taxes under irs code section 501(c)(3). Ndsc foundation is exempt from federal income taxes under irs code section 509(a)(3) because it supports the congress, an exempt organization. The foundation believes that it has appropriate support for any tax positions taken, and as such, it does not have any uncertain tax position that are material to its financial statements.”