TY 2020 GeneralExplanationAttachment

Instrumentl eFile RenderObject ID: 202143159349102889 - Rendered 2024-04-29 TIN: 65-0464177

TY 2020 GeneralExplanationAttachment

Name:

JOHN S AND JAMES L KNIGHT FOUNDATION

EIN:

65-0464177

Identifier	Return Reference	Explanation
	FORM 990-PF, PART VII-B, LINE 1 (A) (4):	SEE PART VIII FOR PAYMENTS TO TRUSTEES AND OFFICERS.
	FORM 990-PF, PART VII-B, LINE 5 (A) (4):	DURING THE YEAR, THE FOUNDATION MADE GRANTS OVER WHICH IT EXERCISES EXPENDITURE RESPONSIBILITIES. SEE STATEMENT 15 FOR A DESCRIPTION OF THESE GRANTS.
	FORM 990-PF, PART VIII, LIST OF OFFICERS, DIRECTORS, AND TRUSTEES:	THE FULL TIME WORKWEEK HAS BEEN ALLOCATED 40 HOURS. THOSE LISTED ARE EXEMPT POSITIONS WERE EMPLOYEES APPLY NECESSARY HOURS TO PERFORM THEIR JOB.THE TRUSTEES MEET FOUR TIMES A YEAR FOR BOARD AND COMMITTEE MEETINGS WHICH, INCLUDING TRAVEL, REQUIRE A MINIMUM OF TWO DAYS PER SESSION. TRUSTEES TYPICALLY DEVOTE A MINIMUM OF 8 FULL DAYS PER YEAR TO OVERSIGHT AND REVIEW OF THE FOUNDATION'S OPERATIONS PROGRAMS AND INVESTMENTS, THOUGH TYPICALLY MORE. SOME TRUSTEES CHOOSE TO SERVE WITHOUT COMPENSATION.