2022-09-15T16:27:13-05:00 2021-12-31 231144520 TAIT WELLER & BAKER LLP 50 SOUTH 16TH STREET SUITE 2900 PHILADELPHIA PA 19102 990 2021-01-01 046078351 THE WINSTON CHURCHILL FOUNDATION OF THE UNITED STATES WINS 2127523200 600 MADISON AVENUE 16TH FLOOR NEW YORK NY 100221615 MICHAEL MORSE EXECUTIVE DIRECTOR 2127523200 2022-06-29 1 MICHAEL MORSE XXX-XX-XXXX HARRISON PEREIRA P00746867 2159798800 2022-09-15 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z MICHAEL MORSE 600 MADISON AVENUE 16TH FLOOR NEW YORK NY 100221615 7647741 0 X WWW.CHURCHILLSCHOLARSHIP.ORG X 1959 DE THE CHURCHILL FOUNDATION ANNUALLY PROVIDES UP TO EIGHTEEN CHURCHILL SCHOLARSHIPS FOR GRADUATE STUDENTS IN THE SCIENCES, ENGINEERING AND MATHEMATICS AT THE UNIVERSITY OF CAMBRIDGE, ENGLAND. 19 19 2 19 1346 0 1229779 1803067 0 0 904005 2409936 0 0 2133784 4213003 710573 1280472 0 0 306206 341698 0 0 66609 146855 174320 1163634 1796490 970150 2416513 22719794 25815032 460748 813514 22259046 25001518 THE CHURCHILL FOUNDATION PROVIDES SCHOLARSHIPS FOR GRADUATE STUDENTS IN THE SCIENCES, ENGINEERING AND MATHEMATICS AT THE UNIVERSITY OF CAMBRIDGE, ENGLAND. 0 0 1579768 1280472 THE FOUNDATION AWARDED NINETEEN (19) CHURCHILL SCHOLARSHIPS TO OUTSTANDING AMERICAN COLLEGE AND UNIVERSITY GRADUATES FOR ONE YEAR OF STUDY AND RESEARCH IN THE SCIENCES, ENGINEERING, OR MATHEMATICS AT CHURCHILL COLLEGE, THE UNIVERSITY OF CAMBRIDGE. THE FOUNDATION ALSO AWARDED NINE SPECIAL RESEARCH GRANTS TO CHURCHILL SCHOLARS.THE FOUNDATION PUBLISHED ITS ANNUAL NEWSLETTER CHURCHILL NEWS AND THE ANNUAL DONORS' REPORT. 1579768 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 2 1 1 1 1 UK 0 0 0 0 0 0 0 0 0 0 X 19 19 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NY DE X MICHAEL A MORSE 2127523200 600 MADISON AVENUE 16TH FLOOR NEW YORK NY 100221615 JOHN L LOEB JR CHAIRMAN 1.00 X X 0 0 0 PATRICK A GERSCHEL PRESIDENT 1.00 X X 0 0 0 DAVID D BURROWS TREASURER 1.00 X X 0 0 0 JAMES A FITZPATRICK JR ESQ SECRETARY 1.00 X X 0 0 0 WILLIAM L BERNHARD BOARD MEMBER 1.00 X 0 0 0 DEBORAH LOEB BRICE BOARD MEMBER 1.00 X 0 0 0 RANDOLPH LS CHURCHILL BOARD MEMBER 1.00 X 0 0 0 DAME ATHENE DONALD BOARD MEMBER 1.00 X 0 0 0 BRADBURY DYER III BOARD MEMBER 1.00 X 0 0 0 MARIO J GABELLI BOARD MEMBER 1.00 X 0 0 0 DMITRY GREEN BOARD MEMBER 1.00 X 0 0 0 WARREN B KANDERS BOARD MEMBER 1.00 X 0 0 0 THOMAS A RUSSO BOARD MEMBER 1.00 X 0 0 0 EMMA SOAMES BOARD MEMBER 1.00 X 0 0 0 FRANCIS J DOYLE III BOARD MEMBER 1.00 X 0 0 0 NICHOLAS NACLERIO BOARD MEMBER 1.00 X 0 0 0 ELANA S BRONSON BOARD MEMBER 1.00 X 0 0 0 ELIZABETH MANN BOARD MEMBER 1.00 X 0 0 0 DANIEL WESLEY BOARD MEMBER 1.00 X 0 0 0 MICHAEL A MORSE EXECUTIVE DIRECTOR 40.00 X 235000 0 62257 235000 0 62257 1 0 1 0 0 1803067 1803067 294459 1346 293113 5550215 3434738 2115477 2115477 2115477 4213003 0 1346 2408590 1280472 1280472 298067 223550 29807 44710 24500 18375 2450 3675 4539 3404 454 681 14592 10944 1459 2189 13750 13750 86352 86352 41605 22745 11360 7500 14005 8032 412 5561 14441 10831 1444 2166 781 781 2540 2540 846 634 85 127 1796490 1579768 150113 66609 2153808 3785836 5426 758719 4800 3153 20171634 21064196 339567 163742 44559 39386 22719794 25815032 0 4750 460748 808764 460748 813514 X 22259046 24263199 0 738319 22259046 25001518 22719794 25815032 X 2416513 336891 -10932 X X 0 1 X 1 0 X 1367739 537550 644530 1229779 1803067 5582665 1367739 537550 644530 1229779 1803067 5582665 1811294 3771371 357252 348308 367785 324233 294459 1692037 7274702 0.51840 0.43950 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 4474542 336891 11000 347891 4126651 86352 86352 4213003 1721138 11000 11000 1710138 86352 86352 1796490 PART X, LINE 2: ONE OF THE INVESTMENTS HELD BY THE ORGANIZATION GENERATES UNRELATED BUSINESS INCOME WHICH IS TAXED AT CORPORATE TAX RATES. MANAGEMENT HAS REVIEWED THE TAX POSITIONS FOR EACH OF THE OPEN TAX YEARS (2018-2020) OR EXPECTED TO BE TAKEN IN THE FOUNDATION'S 2021 TAX RETURN AND HAS CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS. 1 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 GRANTS TO RECIPIENTS (SCHOLARSHIPS) 1280472 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 INVESTMENTS 751144 0 0 0 0 0 0 2031616 0 2031616 CHURCHILL SCHOLARSHIPS EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU 19 1280472 WIRE TRANSFER 0 0 0 0 0 0 PART I, LINE 2: THE SCHOLARSHIP FUNDS ARE MONITORED AS FOLLOWS: (1) THE UNIVERSITY AND COLLEGE FEES (I.E. TUITION) ARE PAID DIRECTLY TO CHURCHILL COLLEGE, AND THE STUDENT ACCOUNTS OFFICE THERE HANDLES ALL THOSE TRANSACTIONS. (2) THE LIVING ALLOWANCES ARE ALSO PAID DIRECTLY TO THAT SAME OFFICE AND RELEASED TO THE STUDENTS UPON REQUEST. THEIR REQUIRED DINING HALL FEE AND ROOM SECURITY FEE ARE AUTOMATICALLY DEDUCTED; FROM THEN ON THEY ARE RESPONSIBLE FOR PAYING THEIR LODGING AND FOOD. (3) VISA FEES AND AIRFARE ARE PAID BY THE EXECUTIVE DIRECTOR UPON ELECTRONIC RECEIPT OF THE TRANSACTIONS. (4) THE SPECIAL RESEARCH GRANTS ARE PAID BY THE EXECUTIVE DIRECTOR UPON RECEIPT OF A FINAL NARRATIVE REPORT AND RECEIPTS. PART III ACCOUNTING METHOD: X X X 0 0 0 0 0 0 0 0 0 MICHAEL A MORSE EXECUTIVE DIRECTOR 235000 0 0 0 0 0 11767 0 50490 0 297257 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 BOARD MEMBERS DEBORAH L. BRICE AND JOHN L. LOEB, JR. ARE RELATED. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE FORM 990 IS CIRCULATED ELECTRONICALLY TO ALL MEMBERS OF THE BOARD PRIOR TO THE FORM 990 BEING FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION ANNUALLY REQUESTS THAT EVERY MEMBER OF THE BOARD OF TRUSTEES SUBMIT A STATEMENT OF COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. EVEN THOUGH MANY MEMBERS OF THE BOARD ARE INVESTMENT BANKERS, THE FOUNDATION NEVER HAS ANY BUSINESS DEALINGS WITH THE FIRMS WHERE THESE MEMBERS ARE EMPLOYED. FORM 990, PART VI, SECTION B, LINE 15A AFTER SEVERAL YEARS OF REVIEW BY THE BOARD OF TRUSTEES IN COMPARISON WITH ANALAGOUS FOUNDATIONS IN THE NEW YORK METROPOLITAN AREA, THE BOARD HAS NOW FIXED THE COMPENSATION OF THE EXECUTIVE DIRECTOR, SO THAT COMPENSATION DOES NOT CONSUME TOO HIGH A PERCENTAGE OF OPERATING COSTS. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST AT THE OFFICE OF THE FOUNDATION. FORM 990, PART XI, LINE 9: FOREIGN CURRENCY LOSS -10,932. FORM 990, PART XI, LINE 2C THE ORGANIZATION CONTINUES TO HAVE A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS IS UNCHANGED FROM THE PRIOR YEAR.