TY 2019 GeneralExplanationAttachment
Name:
SURDNA FOUNDATION INC
| Identifier |
Return Reference |
Explanation |
| PART IX-B, LINE 1: |
PART IX-B, LINE 1: |
SUMMARY OF PROGRAM-RELATED INVESTMENTS - LOAN/INVESTMENT TO LIVING CITIES BLENDED CATALYST FUND LLC, A DELAWARE LIMITED LIABILITY COMPANY. The Blended Catalyst Fund combines philanthropic and commercial debt under the premise that both types of capital are needed to support initiatives that achieve better results for low-income people in U.S. cities. The Fund currently includes ten philanthropic and commercial investors that are committed to increasing the flow of available capital to meet growing demand for social services across the country. |
| PART IX-B, LINE 2: |
PART IX-B, LINE 2: |
SUMMARY OF PROGRAM-RELATED INVESTMENTS - LOAN/INVESTMENT TO IMPACT AMERICA FUND II. IMPACT AMERICA FUND II is a $55 million venture capital fund that provides capital to achieve sustainable growth of small businesses for social and economic change. |
| PART IX-B, LINE 3: |
PART IX-B, LINE 3: |
SUMMARY OF OTHER PROGRAM-RELATED INVESTMENTS: a) LOAN/INVESTMENT TO Impact Engine...........................$ 141,797. b) LOAN/INVESTMENT TO Vamos Ventures..........................$ 127,339. c) LOAN/INVESTMENT TO Illumen CAPITAL.........................$ 29,156. Total.........................................................$ 298,292. |
| PART XV, LINE 3B: |
PART XV, LINE 3B: |
Grants and contributions approved for future payment: The difference of $24,209 between what Surdna Foundation, Inc. reported on Part II, Line 18 ($40,858,291) and what they reported on the schedule of grants and contributions approved for future payment on Part XV, Line 3b ($40,882,500) is attributable to a present value discount at 5% under generally accepted accounting principles ("GAAP"). |