East Tennessee Foundation

“Section c. Disclosure line 17 the foundation is registered in tennessee, but has filed charitable solicitation applications in 36 states in which they are required.”

“The president and vice president of finance and chief financial officer review the complete form 990 prior to filing. Because east tennessee foundation has such a large board of directors and the information contained in schedule b is sensitive in nature, schedule b is not included in the copy of the form 990 sent via email to the entire board of directors for review prior to filing.”

“Officers, directors, and key employees are asked to complete an annual conflict of interest disclosure form which is kept on file in the etf office. Officers and directors with a conflict of interest on an issue on a meeting agenda are asked to disclose the conflict at the meeting and to recuse themselves from participation in discussion and voting on that item; such recusals are documented in the meeting minutes.”

“East tennessee foundation chair and immediate past chair lead the annual performance appraisal and determination of compensation processes for the president/ceo. The most recent council on foundations salary survey is consulted as well as assessing on a local level comparable compensation for similarly qualified persons in functionally comparable positions.”

“Both the irs form 990 and audited financial statements are readily available on the foundation website. These documents are also available upon request. Fundholders are notified via the foundation's donor portal when the financial statements are available. The 990-t is available upon request.”

“East tennessee foundation makes these documents available to the public upon request.”

“534 individuals from the 25 county region served in 2024 as volunteers on the foundation's board of directors, board committees, geographic affiliate fund advisory boards, field-of-interest grants panels, and scholarship selection committees.”

“4d-1) expenses of 1,399,853, including grants of 138,900 - made 27 discretionary grants from funds and paid program-related expenses associated with the management of charitable funds and the allocation of grant funds to benefit the 25 county region. 4d-2) expenses of 954,040, including grants of 954,040 - conducted localized, competitive grantmaking programs through the foundation's affiliate and county-specific funds, allowing local advisory boards to select worthy projects and programs at the local level; 93 grants were awarded to 79 organizations for a wide variety of charitable purposes. 4d-3) expenses of 927,897, including grants of 927,897 - conducted 73 competitive scholarship programs to enable students throughout the region to obtain a post-secondary education; 206 students received scholarships and attended 54 institutions of higher learning in tennessee and throughout the nation. 4d-4) expenses of 511,253, including grants of 511,253 - funded 1 grant from the pat summitt foundation fund to the pat summitt clinic, a state- of-the art facility at utmc for the treatment of alzheimer's and other neurological diseases, 18 grants in support of caregiver trainings, adult day programs, and other alzheimer's and dementias-related purposes.”

“Fundraising events direct expenses 237,363 revenue of supporting foundations reported separately 49,979,697 change in value of split interest agreements 24,193 current year effect of fasb asc 958-605 -6,646,812 expenses of supporting foundations reported separately -3,302,454 fundraising events direct expenses -237,363 current year effect of fasb asc 958-605 1,709,408 total 41,764,032”