The Motley Fool Foundation

“Board members david gardner, margaret gardner, ollen douglass, and secretary tee-era turner and treasurer, jeff haslow, have a business relationship with the sole member of the organization, the motley fool holdings, inc. Board members david gardner and margaret gardner have a family relationship.”

“The foundation has a shared services agreement under which it leases employees from the motley fool llc (the llc). Some management duties are delegated under this agreement including hiring and firing processes (but not the individual hiring and firing decision), onboarding, benefits administration, employee development, facilities management, and certain technology deployment, maintenance, and administration. The llc also provides in-kind services related to planning and executing budgets and financial operations, legal review, and communications. During calendar year 2024, the following officer(s) received reportable compensation from the management company for services provided to the foundation: - jeff haslow, $165,089”

“The organization's bylaws were amended to establish a governance committee, to require periodic executive director performance reviews by the board, and to change the definition for the principal office from a specific address to any board-designated one.”

“The motley fool holdings, inc., is the sole member of the motley fool foundation.”

“The motley fool holdings, inc., the sole member of the motley fool foundation, can appoint members of the governing body.”

“Governance decisions are subject to approval by the motley fool holdings, inc., the sole member of the motley fool foundation.”

“The form 990 is prepared by an external, experienced professional organization based on input from the foundation. Prior to filing the form, the treasurer and executive director review the 990 and then present it to the board of trustees for review. Changes are made to the 990 as needed based on these reviews. If any changes are made, the form goes back through the review process with the treasurer, executive director, and board. The form is approved for filing once the final reviews are completed.”

“All board members, key employees, and officers receive a copy of the conflict of interest policy during onboarding and sign a statement affirming receipt, understanding, and compliance with the policy. Each person also affirms that they understand that the foundation is a tax-exempt organization and that, in order to maintain its federal tax exemption, it must engage primarily in activities which accomplish one or more of its tax exempt purposes. These statements are reviewed and renewed each february. Periodic reminders are also given in meetings that the policy is in force.”

“The foundation works with the provider of its shared employees to establish compensation ranges for each position based on published surveys of non-profit salaries and consultation with the croner company, a provider of compensation benchmarks. Recommendations for compensation changes are made by the finance and audit committee of the board of trustees and presented to the board for approval.”

“The audited financial statements, tax form 990, and state charitable documents are available on the foundation's website and by request. Other governance documents are available upon request.”

“The foundation decided to focus on two main programs and ceased producing the sparks conversation series (a video series containing conversations with people working for financial freedom).”

“Foundation employees are compensated under a shared services agreement with the motley fool, llc (the llc). The total number of employees shared with the llc for calendar year 2024 is 2. Employees receive a form w-2 from the llc.”

“Program development & mgmt: program service expenses 151,917. Management and general expenses 0. Fundraising expenses 0. Total expenses 151,917. Marketing & brand management: program service expenses 14,000. Management and general expenses 55,000. Fundraising expenses 0. Total expenses 69,000. Program & fundraising support: program service expenses 318,080. Management and general expenses 0. Fundraising expenses 93,520. Total expenses 411,600. Campaign design & mgmt: program service expenses 0. Management and general expenses 0. Fundraising expenses 42,300. Total expenses 42,300.”

“Loss on uncollectible pledges -13,500.”