TY 2020 Form 990 Schedule O

Instrumentl eFile RenderObject ID: 202111979349301206 - Rendered 2024-04-29 TIN: 47-2199684

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
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Attach to Form 990 or 990-EZ.
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Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2020

Open to Public
Inspection

Name of the organization

TIAA CHARITABLE INC

Employer identification number

47-2199684

Return Reference	Explanation
FORM 990, PAGE 2, PART III, LINE 3	FORM 990, PAGE 6, PART VI, LINE 3 TIAA CHARITABLE HAS ENDED ITS ADMINISTRATION OF DONOR-ADVISED FUNDS AND HAS SELECTED THE RENAISSANCE CHARITABLE FOUNDATION TO TAKE OVER AS THE SPONSORING CHARITY OF ITS GIVING FUND ACCOUNTS. SEE SCHEDULE N. FORM 990, PAGE 6, PART VI, LINE 3 THE BOARD OF DIRECTORS OF TIAA CHARITABLE MANAGES ITS ACTIVITIES. THE BOARD HAS RETAINED TIAA PURSUANT TO A MASTER SERVICE AGREEMENT UNDER WHICH A RANGE OF NECESSARY SERVICES ARE PROVIDED TO TIAA CHARITABLE INCLUDING THE SERVICES OF ITS OFFICERS AND OTHER EMPLOYEES. THE CURRENT VALUE OF THE SERVICES PROVIDED AS OF THE TAXABLE YEAR ENDED 2021 IS $580,966. THE CONTRACT BETWEEN TIAA CHARITABLE AND TIAA IS REVIEWED BY THE BOARD REGULARLY TO ENSURE THAT THE TERMS ARE FAIR AND THAT FEES PAID ARE REASONABLE. OTHER SERVICE PROVIDERS WILL BE RETAINED TO PROVIDE SERVICES NECESSARY TO ALLOW TIAA CHARITABLE TO FULFILL ITS MISSION.
FORM 990, PAGE 6, PART VI, LINE 11	THE FORM 990 WILL BE PROVIDED TO MEMBERS OF THE GOVERNING BODY. PRIOR TO ITS PRESENTATION TO THE BOARD AND SUBSEQUENT FILING, TIAA CHARITABLE ENGAGES AN OUTSIDE FIRM FOR PURPOSES OF PREPARING FORM 990 AND TIAA CHARITABLE CONDUCTS A DETAILED REVIEW OF THE FORM.
FORM 990, PAGE 6, PART VI, LINE 12C	EACH DIRECTOR, OFFICER, AND MEMBER OF A COMMITTEE OF THE BOARD MUST SIGN ANNUALLY A STATEMENT AFFIRMING THAT SUCH PERSON HAS RECEIVED A COPY OF THE TIAA CHARITABLE CONFLICT OF INTEREST POLICY (THE "POLICY"). IN ADDITION, THESE PARTIES MUST COMPLETE AND SIGN A DISCLOSURE STATEMENT REGARDING CONFLICTS WHICH, AMONG OTHER THINGS, REQUIRES DISCLOSURE OF THE NAME OR ENTITIES IN WHICH THE PARTY HAS A MATERIAL FINANCIAL INTEREST THAT ARE CONDUCTING BUSINESS WITH TIAA CHARITABLE. THE SECRETARY WILL REVIEW THE INFORMATION CONTAINED IN THE STATEMENTS AND PERIODICALLY DISTRIBUTE REPORTS TO ALL DIRECTORS WHO WILL TAKE APPROPRIATE ACTION. IN ADDITION, THE CONFLICT OF INTEREST POLICY REQUIRES ANY DIRECTOR OR OFFICER WITH A CONFLICT TO PROMPTLY DISCLOSE CONFLICTS AND INTERESTED DIRECTORS TO RECUSE THEMSELVES FROM MATTERS WHERE THEY HAVE A CONFLICT.
FORM 990, PAGE 6, PART VI, LINE 19	TIAA CHARITABLE MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
FORM 990, PAGE 12, PART XII, LINE 1	THE COMPANY USED THE LIQUIDATION BASIS OF ACCOUNTING FOR THE YEAR ENDED may 14, 2021. UNDER THE LIQUIDATION BASIS OF ACCOUNTING, ASSETS AND LIABILITIES ARE STATED AT FAIR VALUE, WHICH APPROXIMATES NET REALIZABLE VALUE.
FORM 990, SCHEDULE L, PART IV	THE CASH CONSIDERATION EXCHANGED FOR SERVICES BETWEEN TIAA - FOUNDER AND TIAA CHARITABLE WAS $1,024,875.

Return Reference

Explanation

FORM 990, PAGE 2, PART III, LINE 3

FORM 990, PAGE 6, PART VI, LINE 3 TIAA CHARITABLE HAS ENDED ITS ADMINISTRATION OF DONOR-ADVISED FUNDS AND HAS SELECTED THE RENAISSANCE CHARITABLE FOUNDATION TO TAKE OVER AS THE SPONSORING CHARITY OF ITS GIVING FUND ACCOUNTS. SEE SCHEDULE N. FORM 990, PAGE 6, PART VI, LINE 3 THE BOARD OF DIRECTORS OF TIAA CHARITABLE MANAGES ITS ACTIVITIES. THE BOARD HAS RETAINED TIAA PURSUANT TO A MASTER SERVICE AGREEMENT UNDER WHICH A RANGE OF NECESSARY SERVICES ARE PROVIDED TO TIAA CHARITABLE INCLUDING THE SERVICES OF ITS OFFICERS AND OTHER EMPLOYEES. THE CURRENT VALUE OF THE SERVICES PROVIDED AS OF THE TAXABLE YEAR ENDED 2021 IS $580,966. THE CONTRACT BETWEEN TIAA CHARITABLE AND TIAA IS REVIEWED BY THE BOARD REGULARLY TO ENSURE THAT THE TERMS ARE FAIR AND THAT FEES PAID ARE REASONABLE. OTHER SERVICE PROVIDERS WILL BE RETAINED TO PROVIDE SERVICES NECESSARY TO ALLOW TIAA CHARITABLE TO FULFILL ITS MISSION.

FORM 990, PAGE 6, PART VI, LINE 11

THE FORM 990 WILL BE PROVIDED TO MEMBERS OF THE GOVERNING BODY. PRIOR TO ITS PRESENTATION TO THE BOARD AND SUBSEQUENT FILING, TIAA CHARITABLE ENGAGES AN OUTSIDE FIRM FOR PURPOSES OF PREPARING FORM 990 AND TIAA CHARITABLE CONDUCTS A DETAILED REVIEW OF THE FORM.

FORM 990, PAGE 6, PART VI, LINE 12C

EACH DIRECTOR, OFFICER, AND MEMBER OF A COMMITTEE OF THE BOARD MUST SIGN ANNUALLY A STATEMENT AFFIRMING THAT SUCH PERSON HAS RECEIVED A COPY OF THE TIAA CHARITABLE CONFLICT OF INTEREST POLICY (THE "POLICY"). IN ADDITION, THESE PARTIES MUST COMPLETE AND SIGN A DISCLOSURE STATEMENT REGARDING CONFLICTS WHICH, AMONG OTHER THINGS, REQUIRES DISCLOSURE OF THE NAME OR ENTITIES IN WHICH THE PARTY HAS A MATERIAL FINANCIAL INTEREST THAT ARE CONDUCTING BUSINESS WITH TIAA CHARITABLE. THE SECRETARY WILL REVIEW THE INFORMATION CONTAINED IN THE STATEMENTS AND PERIODICALLY DISTRIBUTE REPORTS TO ALL DIRECTORS WHO WILL TAKE APPROPRIATE ACTION. IN ADDITION, THE CONFLICT OF INTEREST POLICY REQUIRES ANY DIRECTOR OR OFFICER WITH A CONFLICT TO PROMPTLY DISCLOSE CONFLICTS AND INTERESTED DIRECTORS TO RECUSE THEMSELVES FROM MATTERS WHERE THEY HAVE A CONFLICT.

FORM 990, PAGE 6, PART VI, LINE 19

TIAA CHARITABLE MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.

FORM 990, PAGE 12, PART XII, LINE 1

THE COMPANY USED THE LIQUIDATION BASIS OF ACCOUNTING FOR THE YEAR ENDED may 14, 2021. UNDER THE LIQUIDATION BASIS OF ACCOUNTING, ASSETS AND LIABILITIES ARE STATED AT FAIR VALUE, WHICH APPROXIMATES NET REALIZABLE VALUE.

FORM 990, SCHEDULE L, PART IV

THE CASH CONSIDERATION EXCHANGED FOR SERVICES BETWEEN TIAA - FOUNDER AND TIAA CHARITABLE WAS $1,024,875.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2020

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