| AMENDED RETURN |
THE RHODE ISLAND FOUNDATION FORM 990 WAS ADJUSTED TO INCORPORATE THE CORRECT INFORMATION. AS A RESULT, THE FOLLOWING INFORMATION WAS AMENDED. PAGE 2, CHANGED PROGRAM DESCRIPTION #2 FROM "ONOR DESIGNATED" TO "DONOR DESIGNATED" PAGE 4 PART IV, #35B, CHANGED FROM NO TO YES PAGE 5 PART V, QUESTIONS 7G AND 7H UNMARKED NO. PAGE 5, #7C CHANGED YES OR NO PAGE 6 SECTION A, CHANGED VOTING MEMBERS FROM 12 TO 13 SCH J: ADDED DETAILED BREAKOUT OF COMPENSATION, BENEFITS, AND PENSION PART VII: ADDED JIM WRIGHT TO THE LIST XII CHECKED X ON 2C SOA: SPLIT THE TOTAL CONTRIBUTION INTO GOVERNMENT GRANT (LINE 1E) AND CONTRIBUTION (LINE 1F) SFE: SPLIT DEPRECIATION EXPENSES INTO DEPRECIATION AND INSURANCE SFE: MOVE $1.873M FROM OTHER PROFESSIONAL FEES TO INVESTMENT MANAGEMENT FEES SCH A: REVISED THE EXCESS CONTRIBUTOR LIST. SCH A: ADDED OTHER INCOME IN PART II AND REMOVED AMOUNT FROM SECTION B Q12 SCH A PART VI: ADDED SUPPLEMENTAL INFORMATION SCH B: CHANGED BLUED TO BLUE SCH D: ADDED DESCRIPTION OF THE INTENDED USE OF ENDORSEMENT FUNDS SCH D: CHANGED INVESTMENT CATEGORIES IN PART VII SCH F PART I: CHANGED REGION NAME AND ADDED AMOUNT. SCH J: MARK YES TO QUESTIONS 1B, 2, AND 4B SCH R PART V: ADDED RELATED PARTY TRANSACTIONS FOR JUNE ROCKWELL LEVY AND HAFFENREFFER FAMILY SCH R PART II: CHANGED RI CHARITIES TRUST TO A CONTROLLED ENTITY SOA LINE 7: BREAKOUT GAIN OR LOSS ON INVESTMENT EXCLUDED UNDER SECTION 512-514 AND UNRELATED PARTNERSHIP INVESTMENT |
| FORM 990, PART VI, SECTION B, LINE 11B |
THE FOUNDATION'S AUDIT COMMITTEE IS RESPONSIBLE FOR OVERSIGHT OF THE FOUNDATION'S FORM 990 "RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX AND FORM 990T "EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN". THE AUDIT COMMITTEE REVIEWS AND APPROVES THE TAX RETURNS BEFORE DISTRIBUTION TO THE BOARD OF DIRECTORS. EACH DIRECTOR IS PROVIDED WITH AN ELECTRONIC COPY OF FORM 990 VIA THE BOARD'S WEBSITE PORTAL BEFORE IT IS FILED. |
| FORM 990, PART VI, SECTION B, LINE 12C |
IT IS THE POLICY OF THE FOUNDATION TO REQUIRE THAT ALL MEMBERS OF THE BOARD OF DIRECTORS, COMMITTEES AND STAFF DISCLOSE, AND IN SOME INSTANCES REFRAIN FROM, ENGAGING IN BUSINESS PRACTICES OR CONDUCT THAT COULD CONSTITUTE A CONFLICT BETWEEN THEIR PERSONAL INTERESTS AND THE INTERESTS OF THE FOUNDATION. STAFF PERSONS ARE PROHIBITED FROM SERVING ON THE BOARD OF DIRECTORS OF ANY ORGANIZATION LIKELY TO RECEIVE DISCRETIONARY GRANTS FROM THE FOUNDATION. THE FOUNDATION'S EXECUTIVE OFFICE REGULARLY MONITORS AND UPDATES THE FOUNDATION'S CONFLICT OF INTEREST POLICY. POTENTIAL CONFLICTS OF INTEREST INVOLVING DIRECTORS, OFFICERS, MEMBERS OF COMMITTEES AND STAFF ARE IDENTIFIED AND ADDRESSED IN ORDER TO ASSURE THAT THE FOUNDATION IS TREATED FAIRLY IN ALL ITS BUSINESS DEALINGS. |
| FORM 990, PART VI, SECTION B, LINE 15 |
THE FOUNDATION'S EXECUTIVE COMPENSATION POLICY IS CONSIDERED REASONABLE IF IT IS AN AMOUNT THAT WOULD ORDINARILY BE PAID BY SIMILARLY SITUATED ORGANIZATIONS UNDER LIKE CIRCUMSTANCES. THIS POLICY APPLIES TO PERSONS WHO ARE IN A POSITION TO EXERCISE SUBSTANTIAL INFLUENCE OVER THE AFFAIRS OF THE FOUNDATION. COMPENSATION OF THE CEO AND CFO IS REVIEWED AND APPROVED, IN ADVANCE, BY THE BOARD NOMINATING AND GOVERNANCE COMMITTEE COMPOSED OF INDIVIDUALS WHO DO NOT HAVE A CONFLICT OF INTEREST. THE COMMITTEE RELIES UPON APPROPRIATE DATA, SUCH AS A COMPENSATION REPORT OR PROOF OF FAIR MARKET VALUE, AS TO COMPARABILITY BEFORE MAKING ITS DECISION, ADEQUATELY DOCUMENTING THE BASIS FOR ITS DETERMINATION. DOCUMENTATION MUST CONTAIN: THE DATE AND TERMS OF THE TRANSACTION; THE MEMBERS PRESENT AND WHO VOTED; THE DATA RELIED UPON AND HOW IT WAS OBTAINED; ACTIONS TAKEN BY MEMBERS WHO HAD A CONFLICT OF INTEREST AND BASIS FOR ANY DEPARTURE FROM REASONABLE COMPENSATION. |
| FORM 990, PART VI, SECTION C, LINE 19 |
THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. THE FINANCIAL STATEMENTS ARE AVAILABLE ON THE FOUNDATION'S WEBSITE. |
| FORM 990, PART XI, LINE 9: |
CHANGE IN PRESENT VALUE OF SPLIT INTEREST AGREEMENTS 721,550. |
Attach to Form 990 or 990-EZ.