| FORM 990, PART VI, SECTION A, LINE 7A |
ACCORDING TO THE RESOLUTION AND DECLARATION OF TRUST, SEVERAL OF TPF'S BOARD MEMBERS ARE APPOINTED BY OUTSIDE AGENCIES INCLUDING THE PHILADELPHIA BAR ASSOCIATION, GREATER PHILADELPHIA CHAMBER OF COMMERCE, SEVERAL PHILADELPHIA UNIVERSITIES, URBAN AFFAIRS COALITION, AND THE TRUSTEE BANKS. |
| FORM 990, PART VI, SECTION A, LINE 7B |
THE GOVERNING BODY CAN ONLY MAKE CHANGES TO THE GRANT DISTRIBUTION AMOUNT (CALCULATED AS A PERCENTAGE RATE APPLIED TO THE ASSETS) WITH THE APPROVAL OF THE TRUSTEE BANKS. |
| FORM 990, PART VI, SECTION B, LINE 11B |
THE FOUNDATION'S PUBLIC ACCOUNTING FIRM PREPARES THE FORM 990 BASED ON THE INFORMATION PROVIDED BY MEMBERS OF THE FINANCE TEAM. ONCE THE RETURN IS PREPARED, IT IS REVIEWED BY THE FINANCE TEAM ALONG WITH EXECUTIVE MANAGEMENT BEFORE BEING PROVIDED TO THE AUDIT COMMITTEE AND GOVERNING BODY FOR THEIR REVIEW. |
| FORM 990, PART VI, SECTION B, LINE 12C |
BOARD MEMBERS, STANDING COMMITTEE MEMBERS, AND STAFF SHALL ADVISE THE PRESIDENT & CEO OF THE FOUNDATION OF AFFILIATION WITH ANY GRANTEE, POTENTIAL GRANTEE OR VENDOR IN RESPONSE TO AN ANNUAL QUESTIONNAIRE FROM THE FOUNDATION AND AT ANY OTHER TIME WHEN SUCH PERSON BECOMES AWARE OF AN AFFILIATION WHICH HAS NOT PREVIOUSLY BEEN DISCLOSED. NO MEMBER OF THE BOARD OR ANY STANDING COMMITTEE WHO IS AFFILIATED WITH ANY ORGANIZATION BEING CONSIDERED FOR A GRANT FROM THE FOUNDATION SHALL PARTICIPATE IN THE CONSIDERATION OF SUCH GRANT, OR SHALL VOTE ON SUCH GRANT AWARD. NO MEMBER OF THE BOARD OR ANY STANDING COMMITTEE WHO IS AFFILIATED WITH ANY VENDER OF GOODS OR SERVICES TO THE FOUNDATION SHALL PARTICIPATE IN THE CONSIDERATION OR ADMINISTRATION OF ANY CONTRACT WITH SUCH VENDOR. NO MEMBER OF THE STAFF OF THE FOUNDATION SHALL, WITHOUT THE PERMISSION OF THE PRESIDENT & CEO, BE AFFILIATED WITH ANY GRANTEE, PROSPECTIVE GRANTEE OR VENDOR TO THE FOUNDATION. |
| FORM 990, PART VI, SECTION B, LINE 15A |
TO DETERMINE THE CEO'S COMPENSATION, THE PHILADELPHIA FOUNDATION COMPENSATION COMMITTEE COMPARES THE SALARY TO PEER ORGANIZATIONS, ANALYZES VARIOUS LOCAL AND NATIONAL SALARY SURVEYS, AND REVIEWS THE CEO'S ACCOMPLISHMENT OF GOALS AND OBJECTIVES OVER THE PRIOR YEAR. THIS PROCESS OCCURS ANNUALLY. THE CEO CONSIDERS LOCAL AND NATIONAL JOB SCOPE AND SALARY DATA AND DETERMINES THE SALARY OF OTHER OFFICERS AND KEY EMPLOYEES WITHIN THE BUDGET APPROVED BY THE BOARD OF MANAGERS. THIS PROCESS OCCURS ANNUALLY. |
| FORM 990, PART VI, SECTION C, LINE 19 |
THE FOUNDATION MAKES ITS CONFLICT OF INTEREST POLICY AVAILABLE UPON REQUEST. THE FOUNDATION MAKES ITS AUDITED FINANCIAL STATEMENTS AVAILABLE THROUGH THE ANNUAL REPORT AND ALSO ON ITS WEBSITE. |
| FORM 990, PART XI, LINE 9: |
CHANGE IN VALUE OF PERPETUAL TRUST 264,370. |
Attach to Form 990 or 990-EZ.