Santa Fe Institute

“At least annually, the individual responsible for sfi facilities will monitor and inspect any and all conservation easements. Sfi, its staff, and its contractors will cooperate with the santa fe conservation trust (sfct) to provide access for sfct inspections and to seek their guidance to ensure compliance. Any and all violations of the easement will be brought to the attention of senior management. Sfi will take appropriate actions to correct any violations including compelling others to maintain compliance with the easement or restricting their access if they fail to comply.”

“The conservation easements referenced in part ii of schedule d contain restrictions placed on the use of property that was donated to the institute. These restrictions were considered by appraisers in determining the value of the donated property. The footnote to the institute's financial statements that address the accounting for donated property is as follows: the institute reports gifts of land, buildings, and equipment as unrestricted support unless restrictions are placed on the asset by the donor. Gifts of long-lived assets with explicit restrictions that specify how the assets are to be used and gifts of cash or other assets that must be used to acquire long-lived assets are reported as restricted support. Absent explicit donor stipulations about how long those long-lived assets must be maintained, the institute reports expirations of donor restrictions when the donated or acquired long-lived assets are placed in service. Property and equipment are stated at cost or fair market value when received, if donated. Provision for depreciation is computed using the straight-line method over the estimated useful life of the property.”

“Art collection may or may not be on public display throughout the institute. Art is purely for decoration purposes to enhance the beauty of the institute.”

“The interest income from the endowment funds is used for the purpose designated by the fund, or in the case of undesignated funds, operating expenses.”

“The organization files an exempt organization return in the u.s. Federal jurisdiction. The organization is no longer subject to income tax examinations by taxing authorities for years before 2013 for its federal filings. The institute has no unrecognized tax benefit which would require an adjustment to the january 1, 2017 beginning balance of net assets and had no unrecognized tax benefits at december 31, 2017.”