2024-06-25T09:48:57-05:00 2023-08-31 135565207 KPMG LLP 8350 BROAD STREET SUITE 900 MCLEAN VA 22102 990 2022-09-01 546063408 CFA INSTITUTE RESEARCH FOUNDATION CFAI 4349515499 915 EAST HIGH STREET CHARLOTTESVILLE VA 22902 MARGARET FRANKLIN CFA INST PRES & CEO & RESRCH FDN BD MEM 4349515499 2024-06-20 1 MARGARET FRANKLIN CFA INST PR 999009999 0 BRIAN KEARNS P02061479 7032868000 2024-06-14 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MARGARET FRANKLIN 915 EAST HIGH ST CHARLOTTESVILLE VA 22902 1242459 0 X WWW.CFAINSTITUTE.ORG/RESEARCH/FOUNDATION X 1965 VA SEE SCHEDULE OCFA INSTITUTE RESEARCH FOUNDATION'S MISSION IS TO PROVIDE INDEPENDENT, HIGH QUALITY RESEARCH THAT HELPS INVESTMENT PROFESSIONALS EFFECTIVELY FULFILL THEIR DUTIES WITH PRUDENCE, LOYALTY, AND CARE. 14 12 0 25 0 0 254501 381101 2681 2463 3355748 518718 266 155 3613196 902437 94370 40205 0 0 0 0 0 0 0 490963 580214 585333 620419 3027863 282018 17781846 19036392 135975 86794 17645871 18949598 X SEE SCHEDULE OCFA INSTITUTE RESEARCH FOUNDATION'S MISSION IS TO PROVIDE INDEPENDENT, HIGH-QUALITY RESEARCH THAT HELPS INVESTMENT PROFESSIONALS EFFECTIVELY FULFILL THEIR DUTIES WITH PRUDENCE, LOYALTY, AND CARE. THE FOUNDATION EMPHASIZES RESEARCH OF PRACTICAL VALUE TO INVESTMENT PROFESSIONALS,WHILE EXPLORING NEW AND CHALLENGING TOPICS THAT PROVIDE A UNIQUE PERSPECTIVE IN THE EVOLVING PROFESSION OF INVESTMENT MANAGEMENT. 0 0 547298 40205 2463 SEE SCHEDULE O 547298 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 1 0 0 1 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 10 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 14 12 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 AL AK AR CA CO CT DC FL GA HI IL KS KY LA MA MD ME MI MN MS NC ND NH NJ NM NV NY OK OR PA RI SC TN UT VA WA WI WV X KIMBALL MAYNARD 4349515499 915 EAST HIGH STREET CHARLOTTESVILLE VA 22902 MARGARET FRANKLIN CFA BOARD MEMBER 1.00 40.00 X X 0 1258421 47171 WALTER V HASLETT JR CFA EXECUTIVE DIRECTOR/BOARD 40.00 2.00 X X 0 308507 56283 AARON LOW CFA CHAIR 1.00 0.00 X X 0 0 0 JOANNE HILL PHD VICE CHAIR 1.00 1.00 X X 0 0 0 AMRA BALIC BOARD MEMBER 1.00 0.00 X 0 0 0 AARON BROWN BOARD MEMBER 1.00 0.00 X 0 0 0 KATI ERIKSSON CFA BOARD MEMBER 1.00 0.00 X 0 0 0 BILL FUNG PHD BOARD MEMBER 1.00 0.00 X 0 0 0 HEINZ HOCKMANN PHD BOARD MEMBER 1.00 1.00 X 0 0 0 KINGPAI KOOSAKULNIRUND CFA BOARD MEMBER 1.00 0.00 X 0 0 0 PUNITA KUMAR-SINHA CFA BOARD MEMBER 1.00 1.00 X 0 0 0 LOTTA MOBERG PHD CFA BOARD MEMBER 1.00 0.00 X 0 0 0 DAVE UDUANU CFA BOARD MEMBER 1.00 0.00 X 0 0 0 KURT WINKELMANN PHD BOARD MEMBER 1.00 0.00 X 0 0 0 KIMBALL E MAYNARD TREASURER 2.00 40.00 X 0 233166 39083 JESSICA LAWSON SECRETARY 2.00 40.00 X 0 66971 22470 0 1867065 165007 0 0 1 0 BLUE MOON COMMUNICATIONS 1229 MAPLE AVENUE WILMETTE IL 60091 RESEARCH SERVICES 120000 1 176441 204660 381101 PUBLICATIONS 513120 2463 2463 2463 458740 458740 155 155 400000 340022 59978 59978 59978 902437 2463 0 518873 X 18205 18205 11000 11000 11000 11000 42225 42225 240985 240985 26268 22172 4096 176438 176438 49533 49533 2465 2465 38300 11500 26800 MEMBERSHIP & PROF. DUES 4000 4000 620419 547298 73121 0 162187 70585 111 34167 66359 17574809 18715237 10572 184211 17781846 19036392 135975 86794 135975 86794 X 17645871 18949598 17645871 18949598 17781846 19036392 282018 1021709 0 X 0 1 X 1 0 X 505604 713861 341684 254501 381101 2196751 505604 713861 341684 254501 381101 2196751 799380 1397371 369360 338549 374217 487709 458895 2028730 4225481 18307 0.33070 0.35410 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 955000 45205 40205 960000 1026300 23065 5 94370 955000 1180300 27025 100 181125 1026300 1239495 111005 4300 174500 1180300 1322095 41000 9400 133000 1239495 1.00000 0 0 0 X 2524346 1021709 600200 1621909 902437 0 902437 1220619 600200 600200 620419 0 620419 PART V, LINE 4: CFA INSTITUTE RESEARCH FOUNDATION INTENDS TO UTILIZE ITS ENDOWMENT TO SUPPORT THE RESEARCH ACTIVITIES OF THE FOUNDATION IN PERPETUITY. THE FOUNDATION GRANTS PARTIAL INITIAL FUNDING TO AUTHORS FOR THEIR PROPOSED RESEARCH PROJECTS. UPON COMPLETION AND FINAL APPROVAL OF THE RESEARCH PRODUCT, THE REMAINING GRANT FUNDING IS PAID. THE AMOUNT OF COMMITTED AND UNPAID GRANTS IS DESIGNATED AS NET ASSETS IN THE STATEMENTS OF FINANCIAL POSITION. PART X, LINE 2: THE FOUNDATION HAS PERFORMED AN EVALUATION OF ITS TAX POSITION AND HAS MAINTAINED ITS TAX-EXEMPT STATUS. THE FOUNDATION DETERMINED THAT IT HAS ADEQUATELY PROVIDED FOR ALL OPEN TAX YEARS AND HAS NO UNCERTAIN TAX POSITIONS. 1 EAST ASIA AND THE PACIFIC 0 0 GRANTMAKING 1000 EUROPE 0 0 GRANTMAKING 6000 MIDDLE EAST & NORTH AFRICA 0 0 GRANTMAKING 3000 NORTH AMERICA 0 0 GRANTMAKING 1000 0 0 0 0 0 0 11000 0 11000 0 0 0 0 0 1 PART I, LINE 2: RESEARCH GRANT PROJECTS ARE INITIATED WITH A PARTIAL PAYMENT. THE GRANT IS FULLY FUNDED AFTER INTERNAL REVIEW AND ACCEPTANCE OF THE COMPLETED RESEARCH PROJECT. PART III ACCOUNTING METHOD: 1 DUFF & PHELPS HOLDINGS CORPORATION DBA DUFF & PHELPS LLC 12595 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 823616841 14205 0 N/A N/A GEN SUPPORT 0 1 RESEARCH GRANTS 3 11000 N/A N/A PART I, LINE 2: RESEARCH GRANT PROJECTS ARE INITIATED WITH A PARTIAL PAYMENT. THE GRANT IS FULLY FUNDED AFTER INTERNAL REVIEW AND ACCEPTANCE OF THE COMPLETED RESEARCH PROJECT. X X 1 1 0 0 0 0 0 0 0 0 0 MARGARET FRANKLIN CFA BOARD MEMBER 0 658000 0 570400 0 30021 0 36600 0 10571 0 1305592 0 0 WALTER V HASLETT JR CFA EXECUTIVE DIRECTOR/BOARD 0 259937 0 42674 0 5896 0 36183 0 20100 0 364790 0 0 KIMBALL E MAYNARD TREASURER 0 188950 0 40000 0 4216 0 27474 0 11609 0 272249 0 0 PART I, LINE 1A FIRST CLASS OR CHARTER TRAVEL: THE BOARD OF TRUSTEES MAY BE ELIGIBLE FOR FIRST CLASS RAIL TRAVEL. TRAVEL FOR COMPANIONS: THE BOARD OF TRUSTEES ARE ELIGIBLE TO PURCHASE AN ADDITIONAL TICKET FOR ONE COMPANION IN THE SAME CLASS OF SERVICE FOR ONE BUSINESS TRIP PER FISCAL YEAR. THE COST OF THE SECOND TICKET IS COVERED BY CFA INSTITUTE RESEARCH FOUNDATION BUT REPRESENTS TAXABLE INCOME TO THE TRAVELER. THIS BENEFIT DOES NOT ROLL OVER IF NOT USED WITHIN THE FISCAL YEAR. FORM 990, PART III, LINE 4A MEMBER VALUE PROGRAMS: CFA INSTITUTE RESEARCH FOUNDATION SPONSORED, PUBLISHED, AND DISTRIBUTED RESEARCH THAT CONTRIBUTED TO THE GLOBAL BODY OF KNOWLEDGE THAT INVESTMENT PROFESSIONALS AROUND THE WORLD USE IN THEIR DAY-TO-DAY PRACTICE. THE FOUNDATION ALSO OFFERED COMPLIMENTARY ACCESS TO INVESTMENT INFORMATION SERVICES FOR INVESTMENT PROFESSIONALS, INCLUDING CFA INSTITUTE MEMBERS. OVER THE PAST YEAR, THE FOUNDATION PUBLISHED: I. ESG INVESTMENT OUTCOMES, PERFORMANCE EVALUATION, AND ATTRIBUTION II. VALUATION HANDBOOK INTERNATIONAL GUIDE TO COST OF CAPITAL: 2022 SUMMARY EDITION III. HANDBOOK OF ARTIFICIAL INTELLIGENCE AND BIG DATA APPLICATIONS IN INVESTMENTS IV. REVISITING THE EQUITY RISK PREMIUM FORM 990, PART VI, SECTION A, LINE 6 CFA INSTITUTE RESEARCH FOUNDATION HAS ONE SOLE VOTING MEMBER, CFA INSTITUTE. FORM 990, PART VI, SECTION A, LINE 7A CFA INSTITUTE, CFA INSTITUTE RESEARCH FOUNDATION'S SOLE VOTING MEMBER, HAS THE EXCLUSIVE RIGHT TO ELECT AND REMOVE ELECTED TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7B CFA INSTITUTE RESEARCH FOUNDATION HAS ONE SOLE VOTING MEMBER, CFA INSTITUTE, WHICH HAS THE EXCLUSIVE RIGHT TO ELECT AND REMOVE ELECTED TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PROVIDED TO THE FINANCE COMMITTEE CHAIR AND TO EACH MEMBER OF THE BOARD OF TRUSTEES PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST STATEMENTS ARE COLLECTED ANNUALLY FROM EACH BOARD OF TRUSTEE MEMBER AND OFFICER AND COMPLIANCE TRAINING ON CONFLICTS OF INTEREST AND THE CODE OF CONDUCT IS REQUIRED FOR ALL BOARD MEMBERS. ANY DISCLOSURES ARE DIRECTED TO THE CFA INSTITUTE CHIEF COMPLIANCE OFFICER. THE RESTRICTIONS IMPOSED ON A PERSON WITH A CONFLICT VARY BASED ON THE NATURE OF THE CONFLICT AND THE SITUATION; HOWEVER, RESOLUTION COULD INCLUDE PROHIBITING A BOARD MEMBER FROM PARTICIPATING IN A PARTICULAR DELIBERATION AND/OR DECISION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND THE CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC THROUGH THE ORGANIZATION'S WEBSITE OR UPON REQUEST. FORM 990, PART IX, LINE 11G PROFESSIONAL AND CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 240,985. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 240,985. CFA INSTITUTE 915 EAST HIGH STREET CHARLOTTESVILLE VA 22902 541386480 NP PROF ASSOC VA 501(C)(6) N/A N/A 0 CVILLE OPERATIONS HOLDINGS INC 915 EAST HIGH STREET CHARLOTTESVILLE VA 22902 455449709 REAL ESTATE VA N/A C 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 1 CFA INSTITUTE O 600200 HISTORICAL COST CFA INSTITUTE C 176441 FAIR MARKET VALUE