Charles Antetokounmpo Family Foundation

“Board members veronica antetokounmpo, giannis antetokounmpo, alex antetokounmpo, thanasis antetokounmpo, and kostas antetokounmpo have a family relationship.”

“Foundation x, an unrelated 501(c)(3) organization, provided various management consulting services for the foundation through july 2024. Services include executive management, accounting, tax, marketing and communications, social media, impact reporting, grant administration, brand strategy and visual identity creation, and program management.”

“The foundation does not have any committees with authority to act on behalf of the governing body.”

“Form 990 is first reviewed by the board co-chairs. A copy of the form is then provided to the full board of directors for review prior to filing.”

“A written conflict of interest policy was adopted during 2025. While the foundation has not previously maintained a formal signed disclosure process, it has consistently handled potential conflicts by having officers and directors verbally disclose potential conflicts during meetings, with recusals noted in the minutes when appropriate.”

“At the time the deputy director role was created, compensation was set by the then-executive director, who served as the proxy for the organization. In making this determination, factors such as the scope of responsibilities, the foundation's budget size, and compensation levels for comparable nonprofit leadership roles in milwaukee and nationally were reviewed. Publicly available data (irs form 990s of peer organizations, guidestar/candid benchmarks, and nonprofit salary survey information) were referenced to ensure reasonableness. The executive director informally consulted with members of the board of directors before finalizing the compensation level. Since that initial determination, the deputy director's salary has remained unchanged. Currently, the foundation is strengthening its process to align with irs best practices. Compensation matters are now submitted to the board chairs for review and approval, with comparability data considered as part of the review, and recorded as a formal board action.”

“The foundation makes its articles of incorporation, bylaws, and financial statements available upon request.”

“The foundation's employees are reported in the payroll reports of a common paymaster. Compensation, benefits, and payroll taxes have been reported on form 990, part ix, lines 5-10, where applicable. All required federal employment tax returns were filed by the common paymaster under its ein.”