Berkadia Foundation Inc.

“A copy of the final version of form 990 is emailed to each board member prior to filing. Jack fioravanti, president, and doug hoffman, treasurer, will review the return prior to signing.”

“The foundation piggy backs off of berkadia commercial mortgage policies which requires regular and consistent monitoring.”

“The organization makes its governing documents and financial statements available to the public upon request.”

“The purposes of berkadia foundation, inc. (the "foundation") include, but are not limited to, helping provide relief to the poor, the distressed, and/or the underprivileged and helping to empower people to create a path out of poverty for themselves and for their communities both in the united states and internationally (primarily in india). Additionally, the foundation strives to aid the ability of citizens in india and the u.s. By reducing hunger and providing access to education and affordable housing in an effort to improve their overall living environment.”

“Berkadia foundation, inc. (the ''foundation'') will make grants for any charitable, educational, literary and/or scientific purpose within the meaning of section 501(c)(3) of the internal revenue code (the ''code''). The foundation will make distributions to such organizations that qualify as tax-exempt organizations under section section 501(c)(3) of the code, or would so qualify, and will perform due diligence with respect to each organization prior to making any grant (a pre-grant inquiry). Specifically the foundation will focus its grants and support to such organizations as the board of directors of berkadia foundation, inc. Shall determine from time to time. The foundation may also make grants to organizations in countries other than the united states if such organizations are performing charitable, educational, literary and/or scientific purposes within the meaning of section 501(c)(3) of the code. The foundation will require grantees to report the use of grant funds to ensure grant funds are used for the purposes granted and expended only for the purposes granted. The foundation will devote one hundred percent of its funds and activities to its 501(c).”

“The foundation's initial project was to build a school in india. The foundation worked with an ngo in india that received the grant from the foundation and contracted for the school facility to be constructed and then operated. The foundation worked with grants made to the ngo named child welfare & holistic foundation for rural development (chord). Chord is a non profit foundation in india based out of hyderabad, that has been serving humanitarian causes for the past 23 years, focusing on multifarious contemporary social issues like elimination of child labor, protection of child rights, education, women empowerment, skill development, community development and natural disaster relief benefiting thousands of women, youth and children at the grassroots level in that region of india. The foundation, together with chord, wants to ensure that educational and skill training opportunities reach the less fortunate so that every child is in school and is learning with dignity and every young man and woman is trained in skills and every neighborhood community prospers. Our inclusive mission is to provide wholesome education to the underprivileged, to extend skill-based training to the unemployed, vulnerable youth, and to create a strong platform for sustained community development.”

“The process has not changed from the prior year.”