Montana Children'S Foundation

“The organization was gifted an original painting that has become a very popular work of art that represents the mission of montana's children's hospital. The organization will occasionally use prints of the painting at events. The painting is sometimes on display in the foundation or the hospital.”

“The foundation's endowment consists of numerous individual funds established for a variety of purposes. As required by gaap, net assets associated with endowment funds, including funds designated by the board to function as endowments, are classified and reported based on the existence or absence of donor-imposed restrictions. The foundation has interpreted the mupmifa as requiring the preservation of the fair value of the original gift as of the gift date of the donor-restricted endowment funds absent explicit donor stipulations to the contrary. As a result of this interpretation, the foundation classifies as net assets with donor restrictions (a) the original value of gifts donated to the endowment to be maintained in perpetuity, (b) the original value of subsequent gifts to the endowment to be maintained in perpetuity, and (c) any accumulations to the endowment made in accordance with the direction of the applicable donor gift instrument at the time the accumulation is added to the fund. The portion of the endowment fund that is not required to be maintained in perpetuity is recorded within net assets with donor restrictions and is appropriated for expenditure by the foundation in a manner consistent with the standard of prudence prescribed by mupmifa. In accordance with mupmifa, the foundation considers the following factors in making a determination to appropriate or accumulate donor-restricted endowment funds: 1. The duration and preservation of the fund 2. The purpose of the foundation and the donor-restricted endowment fund 3. General economic conditions 4. The possible effect of inflation and deflation 5. The expected total return from income and the appreciation of investments 6. Other resources of the foundation 7. The investment policies of the foundation from time to time, the fair value of assets associated with individual donor-restricted endowment funds may fall below the level the donor or mupmifa requires the foundation to retain as a fund of perpetual duration. The foundation has adopted investment and spending policies for endowment assets that attempt to provide a predictable stream of funding to programs supported by its endowment, while seeking to maintain the purchasing power of the endowment assets. Endowment assets include those assets of donor-restricted funds which the foundation must hold in perpetuity. Under this policy, as approved by the board of trustees, the endowment assets are invested in a manner that is intended to preserve endowment capital and to provide a minimum annual target rate of return of at least inflation, plus the foundation's spending policy, plus a real rate of return net of fees. The foundation expects its endowment funds, over time, to provide a reasonable current rate of return. To satisfy its long-term rate-of-return objectives, the foundation relies on a total return strategy in which investment returns are achieved through both capital appreciation (realized and unrealized gains) and current yield (interest and dividends). The foundation targets a diversified asset allocation, including cash equivalents, fixed income, and equity securities, to achieve its long-term return objectives within prudent risk constraints.”

“Direct fundraising expense 168,366. Change in value of lt receivables 95,621.”

“Property tax expense (credit) 3,436.”

“Direct fundraising expense 168,366.”

“Property tax expense (credit) 3,436.”